Overview
What is Greater Albuquerque Housing Partnership?
The Greater Albuquerque Housing Partnership (GAHP) is a dedicated nonprofit organization based in Albuquerque, New Mexico. Established in 1996, GAHP has made significant strides in the field of affordable housing. They have collaborated on the development of 591 rental units and 121 home ownership units across 15 different projects in various Albuquerque neighborhoods. Their mission is to foster exceptional housing communities and offer enrichment services to promote household stability, healthy families, and safer neighborhoods. GAHP serves as a vital resource, contributing to Albuquerque's housing landscape with a team of 11 dedicated professionals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Greater Albuquerque Housing Partnership has received a two-star rating on Charity Navigator, indicating that while it has strengths, there are significant areas requiring attention. The organization scored 74% overall, with a solid performance in the Culture & Community category at 86%. It has a high program expense ratio of 80.65%, meaning a substantial portion of its funds is allocated directly to its programs, reflecting a commitment to its mission.
Strengths of the organization include full independent board membership and excellent scores for its financial statements and the absence of material diversion of assets. Additionally, the organization excels in constituent feedback, demonstrating strong engagement with its community and effective feedback collection and usage, both rated at 100%. However, significant limitations are evident in its accountability practices, notably the absence of a whistleblower policy, document retention policy, and posted tax forms, which detracts from its overall accountability and transparency.
Overall, while the Greater Albuquerque Housing Partnership demonstrates a commitment to its programs and community engagement, it faces challenges in governance and transparency that must be addressed to improve its rating and increase trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Albuquerque Housing Partnership legitimate?
Greater Albuquerque Housing Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Albuquerque Housing Partnership 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: $594,639
For more financial information, click here
What is the mission statement of Greater Albuquerque Housing Partnership?
The Greater Albuquerque Housing Partnership's mission is centered around creating exceptional housing communities and providing enrichment services to support stable households, foster healthy families, and enhance neighborhood safety. Their goal is to provide these services with the aim of promoting household stability, nurturing healthy family dynamics, and ensuring safer living environments. Through their efforts, they have contributed to the development of affordable housing units, having partnered in the construction of 591 rental units and developing 121 home ownership units across 15 different developments in various Albuquerque neighborhoods since 1996.
Who is the CEO of Greater Albuquerque Housing Partnership?
Felipe Rael is the Executive Di of Greater Albuquerque Housing Partnership.
What is the revenue of Greater Albuquerque Housing Partnership?
Greater Albuquerque Housing Partnership's revenue in 2022 was $3,020,427.
Who are the executives of Greater Albuquerque Housing Partnership and what are their salaries?
The average compensation at Greater Albuquerque Housing Partnership during 2022 was $54,058. There are 11 employees at Greater Albuquerque Housing Partnership.
Here are 8 key members and their salaries:
- Compensation: $115,463
- Related: $0
- Other: $43,189
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Greater Albuquerque Housing Partnership?
Greater Albuquerque Housing Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Albuquerque Housing Partnership
Greater Albuquerque Housing Partnership, a notable organization, is dedicated to creating exceptional housing communities and providing enrichment services to support household stability, promote healthy families, and foster safer neighborhoods. By partnering on the development of affordable housing units, the organization has contributed to the creation of 591 rental units and developed 121 home ownership units in 15 different developments across five different Albuquerque neighborhoods since 1996. The mission of Greater Albuquerque Housing Partnership is multifaceted, aiming to improve the living conditions and well-being of families by providing them with stable and safe housing options. The organization's work goes beyond merely constructing housing units; it also provides enrichment services to support the overall well-being of the families residing in these communities. These services contribute to the overall stability of the households and the creation of safer neighborhoods. By focusing on affordable housing development and enrichment services, Greater Albuquerque Housing Partnership works to improve the quality of life for families in need, ultimately contributing to stronger, healthier, and safer communities.
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Impact
July, 2024
Greater Albuquerque Housing Partnership's impact is significant in creating exceptional housing communities and providing enrichment services to support household stability, healthy families, and safer neighborhoods in Albuquerque, New Mexico. Since 1996, the organization has partnered on the development of 591 rental units and developed 121 homeownership units in 15 different developments across five Albuquerque neighborhoods. Their mission to provide affordable housing and supportive services effectively contributes to building a stronger and more sustainable community for residents in need.
This information is meant to be a general summary of Greater Albuquerque Housing Partnership. 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.
- Investment Income: $588,582
- Program Service Revenue: $2,281,876
- Gross Receipts: $3,020,427
Assets and Liabilities:
- Total Assets: $30,979,656
- Total Liabilities: $22,326,365
- Net Assets: $8,653,291
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$1,500,000
DCC FUND
Revenue
$268,853
TAX CREDIT INCOME
Revenue
$238,273
PARTNERSHIP MANAGEMENT FEES
Revenue
$140,984
SERVICE CORDINATOR FEES
Revenue
$81,552
Organization Details
Founding Year
1993
Phone
(505) 244-1614Principal Officer
Felipe Rael
Main Address
320 GOLD SW SUITE 918, ALBUQUERQUE, NM, 87102
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