Overview
What is Housing Development Corporation?
Housing Development Corporation is a nonprofit organization situated in Salt Lake City, Utah. Their primary mission revolves around providing affordable housing solutions to individuals with low and moderate incomes. To accomplish this, they operate two housing projects, collectively housing 109 units. By doing so, they contribute significantly to their community, ensuring that a broader section of society has access to comfortable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Housing Development Corporation has received a commendable score of 94%, achieving a Four-Star rating, which reflects its strong commitment to accountability and financial management. The overall score is derived solely from the Accountability & Finance beacon, indicating that the charity excels in these critical areas. The organization boasts 100% independent board membership, reflecting its governance strength.
The financial oversight of the Housing Development Corporation is also noteworthy, as evidenced by its perfect scores in various metrics, including its audit and oversight committee and the absence of any material diversion of assets. Furthermore, the charity demonstrates robust policies regarding conflict of interest, whistleblower protections, and document retention, emphasizing its commitment to transparency and ethical practices.
Despite its positive attributes, the summary does not highlight any specific limitations or challenges faced by the organization. Overall, the Housing Development Corporation stands out as a financially responsible nonprofit dedicated to its mission, supported by solid governance and accounting practices.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development Corporation legitimate?
Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development 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: $232,934
For more financial information, click here
What is the mission statement of Housing Development Corporation?
The Housing Development Corporation's mission is centered around providing affordable housing options for individuals with low income. In pursuit of this goal, the corporation operates two housing projects, housing a total of 109 units. By doing so, they aim to contribute to the housing needs of a significant portion of the population who may otherwise struggle to secure adequate housing. The corporation's activities are geared towards making housing more accessible, thereby promoting a more equitable living environment for these individuals.
Who is the CEO of Housing Development Corporation?
Unavailable
What is the revenue of Housing Development Corporation?
Housing Development Corporation's revenue in 2022 was $1,036,774.
Who are the executives of Housing Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Housing Development Corporation?
Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Development Corporation
Housing Development Corporation, a nonprofit organization, is committed to providing affordable housing solutions for individuals of low income. Their primary goal is to make housing accessible for this demographic, striving to meet the needs of both low and moderate income individuals. To achieve this, the corporation operates two housing projects, collectively offering 109 units of accommodation. By providing these affordable housing options, Housing Development Corporation is making a significant contribution towards improving living conditions for a segment of society that often faces housing challenges.
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Impact
July, 2024
Housing Development Corporation provides a crucial service by offering affordable housing to low-income individuals. Through their operation of two housing projects with a total of 109 units in Salt Lake City, UT, they directly impact the lives of individuals and families in need of safe and affordable housing options. Their mission to provide housing to low and moderate-income individuals helps address the pressing issue of housing insecurity and contributes to creating a more stable and sustainable community.
This information is meant to be a general summary of Housing Development 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: $9,160
- Program Service Revenue: $1,001,339
- Gross Receipts: $1,036,774
Assets and Liabilities:
- Total Assets: $3,410,003
- Total Liabilities: $171,807
- Net Assets: $3,238,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$960,137
TENANT SERVICES
Revenue
$41,202
Organization Details
Founding Year
1987
Phone
(801) 482-0554Main Address
1776 SOUTH WEST TEMPLE, SALT LAKE CITY, UT, 84115
NTEE Category
Code: L20Z - Housing
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