Overview
What is Los Alamos Housing Partnership Inc?
Los Alamos Housing Partnership Inc is a nonprofit organization located at 1362 Trinity Drive Suite C-1, Los Alamos, New Mexico 87544. Their primary mission is to serve low-income households by managing various housing programs. These include housing rehabilitation, down payment assistance, and development projects. By administering these initiatives, the organization aims to improve living conditions for those in need, ultimately contributing to a more equitable community. With a small team of one dedicated individual, they are committed to making a significant impact in their local area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
Los Alamos Housing Partnership Inc has received a low rating of 50%, reflecting significant concerns regarding its accountability and financial practices. The organization lacks independent board members and has not established essential policies such as conflict of interest and whistleblower protections. Moreover, important documents like board meeting minutes and tax forms are not available on its website, which raises transparency issues.
Despite these shortcomings, the organization does demonstrate a strong program expense ratio of 81.55%, indicating that a substantial portion of its funds is directed toward its programs. This suggests a commitment to its mission, even though the governance and financial practices are lacking.
Overall, while Los Alamos Housing Partnership Inc is actively working towards its goals, the significant absence of accountability measures and transparency could be concerning for potential donors and supporters. The need for improvement in governance practices is critical for enhancing the organization's credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Los Alamos Housing Partnership Inc legitimate?
Los Alamos Housing Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Alamos Housing Partnership Inc 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: $105,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Los Alamos Housing Partnership Inc?
The Los Alamos Housing Partnership Inc is dedicated to serving low-income households. They achieve this by administering various programs, including housing rehabilitation, down payment assistance, and development projects. The primary objective of these initiatives is to improve living conditions and make homeownership more accessible for those in need. The organization's efforts aim to contribute positively to the well-being of these households, ensuring they have decent and affordable housing options.
Who is the CEO of Los Alamos Housing Partnership Inc?
Karl Hjelvik is the President of Los Alamos Housing Partnership Inc.
What is the revenue of Los Alamos Housing Partnership Inc?
Los Alamos Housing Partnership Inc's revenue in 2022 was $123,609.
Who are the executives of Los Alamos Housing Partnership Inc and what are their salaries?
The average compensation at Los Alamos Housing Partnership Inc during 2022 was $105,998. There is 1 employee at Los Alamos Housing Partnership Inc.
Here are 9 key members and their salaries:
- Compensation: $105,998
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- Other: $0
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- Other: $0
Where can I find the form 990 for Los Alamos Housing Partnership Inc?
Los Alamos Housing Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Alamos Housing Partnership Inc
Los Alamos Housing Partnership Inc, as a nonprofit organization, is committed to serving low-income households. Their mission is accomplished through the administration of various programs, including housing rehabilitation, down payment assistance, and development initiatives. This organization focuses on improving the living conditions and providing support for families who may not have the financial means to do so on their own. By offering these services, Los Alamos Housing Partnership Inc strives to make a positive impact on the lives of low-income households, helping them to secure and maintain stable housing.
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Impact
October, 2024
Los Alamos Housing Partnership Inc significantly impacts the community by addressing the needs of low-income households. Through its administration of housing rehabilitation, down payment assistance, and development programs, it plays a crucial role in enhancing housing stability and affordability in Los Alamos, NM.
By providing financial assistance and resources, the organization helps families overcome barriers to homeownership and improve their living conditions. This not only fosters a sense of community but also contributes to the overall economic stability of the area. Through targeted interventions, Los Alamos Housing Partnership Inc empowers individuals and families to secure safe and affordable housing, ensuring they have a solid foundation to thrive.
This information is meant to be a general summary of Los Alamos Housing Partnership Inc. 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: $113
- Gross Receipts: $123,609
Assets and Liabilities:
- Total Assets: $1,343,627
- Total Liabilities: $3,465
- Net Assets: $1,340,162
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Organization Details
Phone
(505) 662-8918Principal Officer
Karl Hjelvik
Main Address
1362 TRINITY DRIVE SUITE C-1, LOS ALAMOS, NM, 87544
NTEE Category
Code: L80 - Housing
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