Overview
What is Housing Assistance Management Enterprise?
Housing Assistance Management Enterprise is a nonprofit organization situated in Salt Lake City, Utah. Their primary mission, as per the guidelines set by the U.S. Department of Housing and Urban Development (HUD), is to offer dwellings for lease to individuals and families falling under the categories of low and moderate income. The organization's primary function involves providing housing solutions, aiming to make a difference in the lives of those who need it most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Housing Assistance Management Enterprise has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94% in this area, indicating a high level of transparency and sound financial practices. This score is based on a comprehensive evaluation of various governance factors, showcasing that the organization is well-managed and accountable to its stakeholders.
One of the key strengths of the nonprofit is its board structure, which consists entirely of independent members, ensuring unbiased decision-making. The organization has also established robust policies, including a conflict of interest policy, whistleblower protection, and guidelines for document retention. Its financial health is evidenced by a low liabilities to assets ratio of 21.45% and a high program expense ratio of 81.69%, indicating that a significant portion of its funds is allocated directly to its programs.
Overall, while no significant limitations have been noted, the focus on accountability and transparency sets a strong foundation for the organization. These attributes may inspire confidence among donors and stakeholders, contributing positively to its reputation and operational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Assistance Management Enterprise legitimate?
Housing Assistance Management Enterprise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Assistance Management Enterprise 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: $852,477
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What is the mission statement of Housing Assistance Management Enterprise?
The Housing Assistance Management Enterprise's mission, as stated, is centered around providing dwellings for leasing to individuals with low and moderate income. This mission aligns with the guidelines set by the United States Department of Housing and Urban Development (HUD). The enterprise strives to make housing more accessible for this specific income group, thereby contributing to a more equitable living situation for these individuals. The provision of dwellings is a crucial part of their mission, aiming to address the housing needs of those who might otherwise struggle to secure suitable living arrangements.
Who is the CEO of Housing Assistance Management Enterprise?
Unavailable
What is the revenue of Housing Assistance Management Enterprise?
Housing Assistance Management Enterprise's revenue in 2022 was $6,658,101.
Who are the executives of Housing Assistance Management Enterprise 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 Assistance Management Enterprise?
Housing Assistance Management Enterprise's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Assistance Management Enterprise
Housing Assistance Management Enterprise, abbreviated as HAME, is committed to a noble mission. This nonprofit organization focuses on providing dwellings for leasing to individuals and families with low and moderate incomes, as defined by the United States Department of Housing and Urban Development (HUD). In simpler terms, HAME strives to make quality housing available and affordable for those who fall within this income bracket, contributing significantly to their living standards. By leasing these dwellings, HAME plays a pivotal role in ensuring that individuals and families who may not otherwise have access to adequate housing can secure a place to call their own, thereby enhancing their overall quality of life.
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Impact
July, 2024
Housing Assistance Management Enterprise provides dwellings for leasing to low and moderate-income individuals, as defined by the US Department of Housing and Urban Development (HUD). By offering affordable housing options, Housing Assistance Management Enterprise contributes to improving the living conditions and stability of individuals and families in the Salt Lake City area. Their impact can be seen in helping to address the housing needs of those who may struggle to find suitable accommodation in an expensive market, ultimately leading to increased community improvement and a more inclusive society.
This information is meant to be a general summary of Housing Assistance Management Enterprise. 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: $3,895,031
- Program Service Revenue: $1,684,698
- Gross Receipts: $6,658,101
Assets and Liabilities:
- Total Assets: $26,809,165
- Total Liabilities: $5,752,214
- Net Assets: $21,056,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL & MGMT INCOME
Revenue
$1,676,461
TENANT SERVICES
Revenue
$8,237
Organization Details
Founding Year
1992
Phone
(801) 482-0554Main Address
1776 SOUTH WEST TEMPLE, SALT LAKE CITY, UT, 84115
NTEE Category
Code: S21Z - Community improvement
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