Overview
What is Arizona Housing Development Corp?
Arizona Housing Development Corp is a not-for-profit organization situated in Yuma, Arizona, with a mission to uplift the community's general welfare. They achieve this goal by actively engaging in the development, renovation, and provision of affordable, decent, safe, and sanitary housing. Moreover, they offer organizational and property management services, consulting, training, and resident services. Arizona Housing Development Corp also implements community initiative programs to enhance the overall quality of life for its residents. Their work encompasses various aspects that contribute to community well-being, making them a significant player in promoting a better living standard.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
Arizona Housing Development Corp has earned an impressive Four-Star out of Four Star rating, reflecting a strong performance in accountability and finance. With an overall score of 90%, this rating is solely based on their Accountability & Finance score, indicating a commitment to transparency and responsible financial management. This high score is particularly notable as it underscores the organization’s effective governance and ethical practices.
The organization showcases several strengths, including a fully independent board, which is a crucial element in ensuring unbiased oversight. Additionally, they have achieved perfect scores in key areas such as financial audits, the absence of material asset diversion, and a robust conflict of interest policy. Their program expense ratio of 100% highlights a dedication to channeling funds directly toward their mission, ensuring that donations are effectively utilized.
While the organization demonstrates strong financial practices, it is essential for potential donors and stakeholders to remain aware of the broader context of its operations. Although no specific limitations were noted in the available data, ongoing evaluation of program outcomes and impact would be advantageous to maintain transparency and accountability. Overall, Arizona Housing Development Corp appears to be a well-managed nonprofit focused on its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Arizona Housing Development Corp legitimate?
Arizona Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arizona Housing Development Corp 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.
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What is the mission statement of Arizona Housing Development Corp?
Arizona Housing Development Corporation is a non-profit organization dedicated to enhancing the community's well-being. They achieve this by engaging in the development, renovation, or provision of affordable, decent, safe, and sanitary housing. Additionally, they offer organizational and property management services, consulting, training, resident services, and community initiative programs. These initiatives aim to improve the quality of life for the community members.
Who is the CEO of Arizona Housing Development Corp?
Michael Morrissey is the Board Member of Arizona Housing Development Corp.
What is the revenue of Arizona Housing Development Corp?
Arizona Housing Development Corp's revenue in 2022 was $1,098,407.
Who are the executives of Arizona Housing Development Corp and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Arizona Housing Development Corp?
Arizona Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arizona Housing Development Corp
Arizona Housing Development Corp, as a not-for-profit organization, is dedicated to improving the community's general social welfare. Their mission is multifaceted, encompassing the development, renovation, and provision of affordable, decent, safe, and sanitary housing. Beyond physical housing, they also provide organizational and property management services, consulting, training, and resident services. Furthermore, they engage in community initiative programs, all aimed at fostering an improved quality of life. This organization strives to make a significant impact by addressing housing needs and improving living conditions for the community at large.
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Impact
July, 2024
Arizona Housing Development Corp's impact can be seen through its dedicated commitment to promoting the general social welfare of the community. By focusing on the development, renovation, and provision of affordable, decent, safe, and sanitary housing, this organization plays a crucial role in addressing the housing needs of individuals and families in Arizona. Additionally, through its organizational and property management services, consulting, training, resident services, and community initiative programs, Arizona Housing Development Corp actively works towards fostering an improved quality of life for the community it serves. Overall, the organization's work has a direct and positive impact on enhancing housing accessibility and quality of life in the Yuma area of Arizona.
This information is meant to be a general summary of Arizona Housing Development Corp. 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.
- Program Service Revenue: $223,001
- Gross Receipts: $1,098,407
Assets and Liabilities:
- Total Assets: $2,748,799
- Total Liabilities: $863,651
- Net Assets: $1,885,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT PAYMENTS
Revenue
$75,783
DEVELOPER FEE
Revenue
$67,308
SURPLUS CASH - MESA HEIGHTS
Revenue
$58,853
MISCELLANEOUS INCOME
Revenue
$15,752
MANAGEMENT FEE INCOME
Revenue
$5,305
Organization Details
Founding Year
1998
Phone
(928) 782-3823Principal Officer
Michael Morrissey
Main Address
420 SOUTH MADISON AVENUE, YUMA, AZ, 85364
NTEE Category
Code: L20 - Housing
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