Overview
What is Housing Corporation Of America?
Housing Corporation of America is a nonprofit organization situated in Bountiful, Utah, with its headquarters at 1592 South 500 West 202. Their primary mission is to develop and manage housing projects, catering to individuals and families with low to moderate incomes. The corporation strives to preserve and provide affordable housing, thereby enhancing the surrounding communities. By offering residents an improved standard of living, Housing Corporation of America aims to instill a sense of dignity and pride in its residents. The organization has a dedicated team of 12 employees working towards these objectives.
Official website here: www.housingcorpofamerica.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Housing Corporation Of America has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. With an overall score of 73%, the organization demonstrates strengths in areas such as its financial statements, which received full points for audit integrity, and a high program expense ratio of 82.45%, suggesting that a significant portion of its expenditures is directed towards its mission-related activities.
However, the organization faces notable limitations, particularly concerning board independence and governance policies. With no independent board members, it scores zero in accountability areas that require independent oversight. Additionally, it lacks critical governance documents, including a whistleblower policy and a document retention policy, which are essential for maintaining transparency and ethical practices.
While the housing corporation has a solid foundation in its financial management, the absence of independent board members and governance policies may raise concerns about its operational integrity. Addressing these weaknesses could enhance its overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Corporation Of America legitimate?
Housing Corporation Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Corporation Of America 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: $409,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $667,134
For more financial information, click here
Official website here: www.housingcorpofamerica.com
What is the mission statement of Housing Corporation Of America?
The Housing Corporation of America's mission is centered around preserving and providing affordable housing for individuals and families with moderate income. In addition, the corporation strives to enhance the surrounding communities and instill a sense of dignity and pride in the residents by improving their living standards. The organization's activities primarily involve the development and management of housing projects, ensuring that these projects cater to the needs of the low-income population.
Official website here: www.housingcorpofamerica.com
Who is the CEO of Housing Corporation Of America?
Carol Cromar is the Vice President of Housing Corporation Of America.
Official website here: www.housingcorpofamerica.com
What is the revenue of Housing Corporation Of America?
Housing Corporation Of America's revenue in 2022 was $2,192,630.
Official website here: www.housingcorpofamerica.com
Who are the executives of Housing Corporation Of America and what are their salaries?
The average compensation at Housing Corporation Of America during 2022 was $89,717. There are 12 employees at Housing Corporation Of America.
Here are 8 key members and their salaries:
- Compensation: $150,492
- Related: $0
- Other: $41,328
- Compensation: $126,600
- Related: $0
- Other: $18,600
- Compensation: $126,377
- Related: $0
- Other: $18,377
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $100,077
- Related: $0
- Other: $12,626
Official website here: www.housingcorpofamerica.com
Where can I find the form 990 for Housing Corporation Of America?
Housing Corporation Of America's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingcorpofamerica.com
Learn more at the official website: www.housingcorpofamerica.com
Mission Statement of Housing Corporation Of America
Housing Corporation of America, a nonprofit organization, is committed to preserving and providing affordable housing, aiming to enhance the surrounding communities in the process. Their mission is twofold: firstly, they strive to improve the living conditions of low and moderate-income individuals and families by developing and managing housing projects. Secondly, they aim to offer these residents a sense of dignity and pride associated with an improved standard of living. By fulfilling this mission, Housing Corporation of America not only provides shelter but also contributes to the betterment of the communities they serve.
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Impact
July, 2024
Housing Corporation Of America makes a significant impact by preserving and providing affordable housing for low and moderate-income individuals and families. They not only focus on developing housing projects but also manage them effectively. By doing so, they improve surrounding communities and offer residents a sense of dignity and pride associated with an improved standard of living. This organization plays a crucial role in ensuring that housing remains accessible to those who need it most, thus contributing to the overall well-being of the community.
This information is meant to be a general summary of Housing Corporation Of America. 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: $174,481
- Program Service Revenue: $2,018,123
- Gross Receipts: $2,192,630
Assets and Liabilities:
- Total Assets: $13,575,832
- Total Liabilities: $47,746
- Net Assets: $13,528,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP FEE REVENU
Revenue
$1,654,889
CONSULTING FEE INCOME
Revenue
$100,000
REIMBURSED EXPENSES
Revenue
$95,509
DEVELOPER FEE INCOME
Revenue
$87,500
INCENTIVE MANAGEMENT F
Revenue
$80,225
Organization Details
Founding Year
1990
Phone
(801) 819-7989Principal Officer
Carol Cromar
Main Address
1592 SOUTH 500 WEST 202, BOUNTIFUL, UT, 84010
Website
www.housingcorpofamerica.comNTEE Category
Code: L20 - Housing
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