Overview
What is Fort Defiance Housing Corporation?
Fort Defiance Housing Corporation, also known as Sandstone Housing, is a nonprofit organization situated in Albuquerque, New Mexico. Established with the aim of providing affordable housing for low to moderate income families, it receives support through the HUD Section 8 Rental Assistance Program. The corporation has constructed several low-income housing complexes, funded by the Navajo Housing Authority and HUD, with no ongoing construction since 2004. Their mission is to enhance the quality of living for the Navajo Nation community by offering safe, healthy, and reasonably priced housing options. With a workforce of 71 individuals, Fort Defiance Housing Corporation continues to serve its purpose in Albuquerque.
Official website here: www.sandstonehousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Fort Defiance Housing Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in the area of Accountability & Finance. The organization scored 91% in this category, indicating a high level of transparency and responsible financial management. This rating is particularly significant as it highlights the charity's commitment to maintaining a robust governance structure and effective oversight over its financial activities.
The organization excels in several key areas, including having a fully independent board and a solid conflict of interest policy. It also scored full points for its financial oversight mechanisms, such as an Audit and Oversight Committee. The Program Expense Ratio of 88.41% suggests that the majority of its expenses are directed toward its mission-related programs, demonstrating effective resource allocation.
While the overall assessment is highly positive, the organization has a liabilities to assets ratio of 51.33%, which is relatively high but still remains within acceptable limits. This might indicate a moderate level of financial leverage that could be monitored for long-term sustainability. Overall, the Fort Defiance Housing Corporation shows a strong commitment to accountability and effective financial management, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Defiance Housing Corporation legitimate?
Fort Defiance Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Defiance Housing 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: $121,754
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,830,259
For more financial information, click here
Official website here: www.sandstonehousing.com
What is the mission statement of Fort Defiance Housing Corporation?
Fort Defiance Housing Corporation's mission is centered around providing safe, healthy, and affordable housing opportunities for low-income and moderate-income families. They strive to collaborate with these communities to enhance their living standards. The corporation's goal is to offer housing solutions that contribute to an improved overall quality of life for the families they serve. Established to cater to individuals with limited financial means, Fort Defiance Housing Corporation has constructed several low-income housing complexes, with support from the Navajo Housing Authority and HUD. However, there has been no ongoing construction activity since 2004.
Official website here: www.sandstonehousing.com
Who is the CEO of Fort Defiance Housing Corporation?
Shelby Garcia is the Board Chairman of Fort Defiance Housing Corporation. The CEO's salary of Fort Defiance Housing Corporation is $91,474 and their total compensation is $115,354.
Official website here: www.sandstonehousing.com
What is the revenue of Fort Defiance Housing Corporation?
Fort Defiance Housing Corporation's revenue in 2022 was $4,919,921.
Official website here: www.sandstonehousing.com
Who are the executives of Fort Defiance Housing Corporation and what are their salaries?
The average compensation at Fort Defiance Housing Corporation during 2022 was $27,493. There are 71 employees at Fort Defiance Housing Corporation.
Here are 6 key members and their salaries (Fort Defiance Housing Corporation's CEO's salary is $91,474 and their total compensation is $115,354):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $91,474
- Related: $0
- Other: $23,880
Official website here: www.sandstonehousing.com
Where can I find the form 990 for Fort Defiance Housing Corporation?
Fort Defiance Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sandstonehousing.com
Learn more at the official website: www.sandstonehousing.com
Mission Statement of Fort Defiance Housing Corporation
Fort Defiance Housing Corporation, a non-profit organization, is dedicated to its mission of enhancing the living standards of low-income and moderate-income families. By leveraging programs like HUD Section 8 Rental Assistance and Indian Development Block Grants, it constructs and manages affordable housing complexes, ensuring that these communities are safe and healthy. The corporation's ultimate goal is to collaborate with members of the Navajo Nation to uplift their overall quality of life. It strives to make a tangible difference in the lives of its inhabitants, providing them with a decent place to call home. Despite the cessation of ongoing construction since 2004, Fort Defiance Housing Corporation continues to play a pivotal role in offering affordable housing opportunities to its residents.
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Impact
July, 2024
Fort Defiance Housing Corporation has had a significant impact on the Navajo Nation community by providing safe, healthy, and affordable housing opportunities for low to moderate-income families. Through initiatives like the HUD Section 8 Rental Assistance Program and the construction of low-income housing complexes, Fort Defiance Housing Corporation has helped improve the overall quality of living for individuals in need. Their efforts have made a tangible difference in addressing housing challenges and supporting the well-being of community members.
This information is meant to be a general summary of Fort Defiance Housing 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 2022.
- Investment Income: $118
- Program Service Revenue: $4,917,906
- Gross Receipts: $4,919,921
Assets and Liabilities:
- Total Assets: $24,635,882
- Total Liabilities: $12,647,894
- Net Assets: $11,987,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$3,590,942
Tenant Subsidy Assista
Revenue
$1,315,912
Utility Income
Revenue
$447,550
Other Tenant Charges
Revenue
$265,564
Late Charges
Revenue
$22,860
Organization Details
Founding Year
1969
Phone
(505) 821-0193Principal Officer
Shelby Garcia
Main Address
8500 Menaul Blvd NE A220, Albuquerque, NM, 87112
Website
www.sandstonehousing.comNTEE Category
Code: P70 - Human services
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