Overview
What is Housing America Corporation?
Housing America Corporation is a dedicated nonprofit organization situated in Somerton, Arizona. With a mission to contribute positively to their community, they primarily focus on housing development and provision. They cater to low-income families and migrant farm workers, adhering to the regulations set by FHA and HUD, as well as USDA-RD. Their efforts involve the development, renovation, and provision of housing units, aimed at improving the living conditions of these families. Their workforce comprises 28 individuals, working tirelessly towards this noble cause.
Official website here: www.hacorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Housing America Corporation has achieved a commendable Four-Star rating on Charity Navigator, indicating a strong performance in terms of accountability and finance. The organization has a perfect score of 100% for having an independent board, which demonstrates a commitment to governance and transparency. With a high program expense ratio of 88.52%, it shows that a significant portion of its resources is directed towards its programs, reflecting effective use of funds.
The organization excels in financial management, evidenced by its well-audited financial statements and no reported material diversion of assets. The listed policies for conflict of interest and document retention further enhance the credibility of its operations. However, the absence of a whistleblower policy has been noted as a limitation, which could be an area for improvement to bolster internal accountability.
Overall, Housing America Corporation stands out for its strong governance practices and financial health, making it a reliable choice for donors interested in supporting housing initiatives. Its high rating is indicative of a commitment to accountability, though addressing the noted policy gap could strengthen its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Housing America Corporation legitimate?
Housing America Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing America Corporation 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: $910,163
For more financial information, click here
Official website here: www.hacorp.org
What is the mission statement of Housing America Corporation?
Housing America Corporation's mission is centered around promoting social welfare within the community. Specifically, they focus on developing, renovating, and providing housing for families with low, very low, and moderate incomes, adhering to the regulations set by FHA and HUD. Their primary objective is to enhance the living conditions of these families, including migrant farm workers, by offering 88 apartment units. The corporation's activities aim to contribute positively to the community by addressing the housing needs of those who require assistance.
Official website here: www.hacorp.org
Who is the CEO of Housing America Corporation?
Thomas Ryan is the Secretary of Housing America Corporation.
Official website here: www.hacorp.org
What is the revenue of Housing America Corporation?
Housing America Corporation's revenue in 2023 was $3,554,213.
Official website here: www.hacorp.org
Who are the executives of Housing America Corporation and what are their salaries?
The average compensation at Housing America Corporation during 2023 was $32,506. There are 28 employees at Housing America Corporation.
Here are 5 key members and their salaries:
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Official website here: www.hacorp.org
Where can I find the form 990 for Housing America Corporation?
Housing America Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hacorp.org
Learn more at the official website: www.hacorp.org
Mission Statement of Housing America Corporation
Housing America Corporation, a nonprofit organization, is committed to enhancing the general social welfare of the community. Their primary mission is centered around the development, renovation, and provision of housing for families with low, very low, and moderate incomes, adhering to the regulations set by FHA and HUD. This mission is aimed at addressing the housing needs of a significant portion of the population, ensuring they have access to suitable living spaces. By providing housing in accordance with these regulations, Housing America Corporation contributes to the betterment of the community, offering a vital service to those in need.
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Impact
July, 2024
Housing America Corporation provides a vital service by developing, renovating, and providing housing for low, very low, and moderate-income families in the community. Specifically, the organization has created 88 apartment units to accommodate low-income families and migrant farm workers in Somerton, AZ. This initiative directly addresses the pressing need for affordable housing in the area, helping disadvantaged individuals and families access secure and stable living arrangements. Through their work, Housing America Corporation is significantly impacting the lives of those in need by providing a pathway to better living conditions and a stronger sense of community.
This information is meant to be a general summary of Housing America Corporation. 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 2023.
- Investment Income: $912
- Program Service Revenue: $1,766,106
- Gross Receipts: $3,554,213
Assets and Liabilities:
- Total Assets: $10,074,261
- Total Liabilities: $2,358,578
- Net Assets: $7,715,683
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SUPPORT SER
Revenue
$1,389,413
APARTMENT RENTALS
Revenue
$327,257
MANAGEMENT FEES
Revenue
$69,727
PROPERTY DEVELOPMENT
Revenue
$4,013
AMISTAD K-1
Revenue
-$24,304
Organization Details
Founding Year
1976
Phone
(928) 627-4221Principal Officer
Thomas Ryan
Main Address
PO BOX 600, SOMERTON, AZ, 85350
Website
www.hacorp.orgNTEE Category
Code: L21 - Housing
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