Overview
What is Family Housing Resources Inc?
Family Housing Resources Inc, located in Tucson, Arizona, is a nonprofit organization with a mission to provide lasting solutions for individuals and families seeking financial freedom. They accomplish this through two primary areas: housing support and education. The organization owns and manages affordable housing apartment communities, including a Low-Income Housing Tax Credit (LIHTC) property in Benson, Arizona, and smaller complexes that they maintain as affordable housing. Moreover, they manage a HUD Section 202 elderly housing complex serving low-income elderly individuals with supportive housing and rental assistance. Family Housing Resources Inc strives to empower their community by offering housing support, educational resources, and counseling services, contributing to a brighter future for those in need.
Official website here: www.fhrtucson.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Family Housing Resources Inc has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a need for improvement in certain areas. With an overall score of 74%, the organization shows strength particularly in leadership and adaptability, scoring 100 in that category. The program expense ratio is also commendable at 96.33%, indicating that a significant portion of its budget is directed towards programs rather than administrative costs.
However, the organization faces challenges in accountability and finance, with a score of 66. Notably, it has no independent board members, which raises concerns about governance. Financial statements are not available, and while the organization has a whistleblower policy and other governance practices in place, the lack of transparency regarding financial documentation is a limitation.
On a positive note, Family Housing Resources Inc excels in collecting and utilizing feedback, scoring a perfect 100 in both areas. The organization also demonstrates a commitment to equity strategies with a score of 87 out of 100 and has outlined three strategic goals focused on financial education and housing navigation.
This AI summary has been generated from information found on Charity Navigator.
Is Family Housing Resources Inc legitimate?
Family Housing Resources Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Housing Resources 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: $139,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $587,575
For more financial information, click here
Official website here: www.fhrtucson.org
What is the mission statement of Family Housing Resources Inc?
Family Housing Resources Inc's mission is to help individuals and families achieve financial independence through housing support, education, and partnership. They accomplish this by focusing on two primary areas of their work: housing support and education and counseling. In the realm of housing support, Family Housing Resources Inc manages several affordable housing communities, including a Low-Income Housing Tax Credit (LIHTC) property in Benson, Arizona. They also provide housing for low-income elderly individuals with supportive housing and rental assistance, and have recently re-syndicated a LIHTC property. In addition, they offer educational and counseling services to assist their clients in financial management and stability.
Official website here: www.fhrtucson.org
Who is the CEO of Family Housing Resources Inc?
Meghan Heddings is the Executive Dir. of Family Housing Resources Inc.
Official website here: www.fhrtucson.org
What is the revenue of Family Housing Resources Inc?
Family Housing Resources Inc's revenue in 2022 was $2,032,057.
Official website here: www.fhrtucson.org
Who are the executives of Family Housing Resources Inc and what are their salaries?
The average compensation at Family Housing Resources Inc during 2022 was $38,242. There are 19 employees at Family Housing Resources Inc.
Here are 4 key members and their salaries:
- Compensation: $139,027
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fhrtucson.org
Where can I find the form 990 for Family Housing Resources Inc?
Family Housing Resources Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fhrtucson.org
Learn more at the official website: www.fhrtucson.org
Mission Statement of Family Housing Resources Inc
Family Housing Resources Inc, a nonprofit organization, is dedicated to creating lasting solutions that help individuals and families achieve financial freedom. They accomplish this through two primary areas of work: housing support and education and counseling. In the realm of housing support, Family Housing Resources Inc owns and manages affordable housing apartment communities. This includes a Low-Income Housing Tax Credit (LIHTC) property in Benson, Arizona, and a few smaller complexes that the organization maintains as affordable housing. Furthermore, Family Housing Resources Inc manages a HUD Section 202 elderly housing complex, which provides supportive housing and rental assistance to low-income elderly individuals. The nonprofit has also recently re-syndicated a LIHTC property, demonstrating its commitment to providing affordable housing solutions.
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Impact
July, 2024
Family Housing Resources Inc creates lasting solutions to help individuals and families reach financial freedom through housing support, education, and partnership. Through their focus on housing support, FHR owns and manages affordable housing apartment communities, including a low-income housing tax credit property in Benson, Arizona. They also oversee a HUD Section 202 elderly housing complex, providing support to low-income elderly individuals with housing and rental assistance. Additionally, FHR recently re-syndicated a LIHTC property to further expand their impact. Their work in providing affordable housing and supportive services directly impacts the lives of individuals and families in need, helping to ensure stable and secure housing for those in vulnerable situations.
This information is meant to be a general summary of Family Housing Resources 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: $8,090
- Program Service Revenue: $1,475,804
- Gross Receipts: $2,113,620
Assets and Liabilities:
- Total Assets: $10,162,926
- Total Liabilities: $2,604,122
- Net Assets: $7,558,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORTIVE HOUSING
Revenue
$872,774
MULTIFAMILY RESIDENT S
Revenue
$603,030
Organization Details
Founding Year
1994
Phone
(520) 318-0993Principal Officer
Meghan Heddings
Main Address
3505 N CAMPBELL AVE 501, TUCSON, AZ, 85719
Website
www.fhrtucson.orgNTEE Category
Code: L20 - Housing
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