Overview
What is Ales Foundation?
The Ales Foundation is a nonprofit organization situated in Davenport, Iowa, specifically at 1101 WEST 9TH STREET. Its primary mission is to promote affordable housing for individuals with low to moderate income and offer assistance in covering educational expenses for those in need. This mission is accomplished through fostering decent housing options and providing aid to individuals seeking to further their education. The foundation's activities are centered around this mission, aiming to positively impact the community it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Stars)
The Ales Foundation has received a low rating of 39% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization excels in areas such as having a fully independent board and maintaining proper conflict of interest, whistleblower, and document retention policies, it notably lacks financial transparency with missing financial statements. This absence has heavily impacted their financial score, leading to a poor overall rating.
Despite having a good governance structure, the foundation's financial management raises red flags. The program expense ratio is alarmingly low at 14.24%, suggesting that a minimal portion of funds is directed towards its stated programs. Additionally, the liabilities to assets ratio indicates potential financial instability, further contributing to the organization's unfavorable assessment.
In summary, while Ales Foundation demonstrates commendable governance practices, the critical issues surrounding financial reporting and allocation of resources markedly hinder its effectiveness and reputation. Potential donors should approach with caution and consider these limitations when evaluating support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ales Foundation legitimate?
Ales Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ales Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ales Foundation?
The Ales Foundation's mission is geared towards promoting decent and affordable housing for individuals with low to moderate income. Additionally, the organization provides assistance to these individuals in addressing their educational needs. By doing so, the foundation aims to contribute positively to their overall well-being and quality of life. The foundation's activities include providing financial aid or resources to help cover educational expenses for those in need. Overall, the Ales Foundation seeks to empower and support individuals and families in need, offering them a chance at improved housing and educational opportunities.
Who is the CEO of Ales Foundation?
Chris Ales is the Presdient of Ales Foundation.
What is the revenue of Ales Foundation?
Ales Foundation's revenue in 2022 was $3,870,775.
Who are the executives of Ales Foundation and what are their salaries?
There 3 volunteers at Ales Foundation.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ales Foundation?
Ales Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ales Foundation
The Ales Foundation is committed to fostering decent and affordable housing opportunities for individuals who fall within the low to moderate income bracket. Beyond providing housing, this nonprofit organization also extends a helping hand to those in need of assistance with their educational expenses. In essence, the Ales Foundation seeks to improve the living conditions and prospects of these individuals by addressing both their housing and educational needs.
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Impact
July, 2024
Ales Foundation's impact is significant in fostering decent affordable housing for individuals with low to moderate income. Additionally, the organization aids these individuals in need of assistance with educational expenses. Through their efforts, Ales Foundation contributes positively to the community by addressing housing insecurity and supporting educational advancement for those in need.
This information is meant to be a general summary of Ales Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $3,870,775
Assets and Liabilities:
- Total Assets: $11,536,728
- Total Liabilities: $25,000
- Net Assets: $11,511,728
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Organization Details
Founding Year
2019
Phone
(417) 248-0044Principal Officer
Chris Ales
Main Address
1101 WEST 9TH STREET, DAVENPORT, IA, 52804
NTEE Category
Code: L20 - Housing
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