Overview
What is Rural Housing Development Corporation?
The Rural Housing Development Corporation, operating under the name Self-Help Homes, is a nonprofit organization based in Provo, Utah. Their primary mission is to offer affordable housing opportunities to individuals and families residing in Utah. They accomplish this through various initiatives such as mutual self-help housing, land acquisition, land development, raising capital, homebuyer financial funding, contract management, and homebuyer education. The Self-Help Homes program has assisted 13 low and very-low income families in building their own homes, completing a total of 594 self-help single family homes as of September 30, 2022. Additionally, they have provided secondary construction and/or permanent mortgages/grant financing to help 35 families purchase and construct their homes. Furthermore, they have offered homebuyer education counseling to over 250 families. In terms of land, Self-Help Homes has purchased and developed over 150 lots in their service areas in Utah, Wasatch, Washington, and now Juab County. As of the provided data, 53 homes have been finished in these geographical areas. The organization's total workforce consists of 15 dedicated individuals, working tirelessly towards their goal of providing affordable housing opportunities for their community.
Official website here: www.selfhelphomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Rural Housing Development Corporation has achieved a high rating of 96% from Charity Navigator, indicative of strong performance in accountability and finance. This is significant as it reflects the organization's commitment to transparency and effective financial management. The score is derived solely from its accountability and finance metrics, showcasing exceptional practices in these areas.
The organization scored perfectly in several areas, including having a majority of independent board members, an effective audit committee, and robust conflict of interest and whistleblower policies. These strengths suggest that Rural Housing Development Corporation prioritizes ethical governance and oversight, which is crucial for donor trust and effective program delivery.
While the ratings highlight the organization's strengths, it is essential to note that the overall score does not provide insights into program impact or service delivery effectiveness. This could be an area for potential improvement, as stakeholders may be interested in understanding the tangible outcomes of the organization's efforts in rural housing development.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rural Housing Development Corporation?
100% of the 9 reviewers on Facebook recommend Rural Housing Development Corporation. Here is a summary of their reviews:
The overwhelming sentiment expressed by reviewers highlights the positive impact of the loan opportunities offered by the nonprofit. Many users appreciate how these opportunities not only facilitate the construction of homes but also contribute to building stronger communities. The sense of gratitude and excitement for the prospects of homeownership is a recurring theme among the feedback shared.
Overall, there appears to be a strong sense of satisfaction with the services provided by Rural Housing Development Corporation. Reviewers are enthusiastic about the nonprofit's role in supporting individuals and families on their journey towards homeownership and community development.
This AI summary has been generated from reviews found on Facebook.
Is Rural Housing Development Corporation legitimate?
Rural Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural 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: $334,777
Professional Fundraising Fees: $0
Other Salaries and Wages: $929,942
For more financial information, click here
Official website here: www.selfhelphomes.org
What is the mission statement of Rural Housing Development Corporation?
The Rural Housing Development Corporation's mission is centered around providing affordable housing opportunities for individuals and families. This is achieved through various activities such as mutual self-help housing, land acquisition, land development, raising capital, homebuyer financial funding, contract management, and homebuyer education. The corporation has successfully assisted numerous low and very-low income families in building their own homes through the Mutual Self-Help Housing program. As of September 30, 2022, the corporation has started or completed 594 self-help single family homes and provided secondary construction and/or permanent mortgages/grant financing to help 35 families purchase and construct their homes. The corporation also offers homebuyer education counseling to over 250 families and has developed over 150 lots in various service areas.
Official website here: www.selfhelphomes.org
What is the revenue of Rural Housing Development Corporation?
Rural Housing Development Corporation's revenue in 2024 was $2,866,278.
Official website here: www.selfhelphomes.org
Who are the executives of Rural Housing Development Corporation and what are their salaries?
The average compensation at Rural Housing Development Corporation during 2024 was $84,315. There are 15 employees and 350 volunteers at Rural Housing Development Corporation.
Here are 10 key members and their salaries:
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- Compensation: $221,398
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- Other: $60,976
- Compensation: $113,379
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- Other: $30,358
- Compensation: $170,327
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- Other: $54,977
- Compensation: $145,385
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- Other: $43,990
Official website here: www.selfhelphomes.org
Where can I find the form 990 for Rural Housing Development Corporation?
Rural Housing Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.selfhelphomes.org
Learn more at the official website: www.selfhelphomes.org
Mission Statement of Rural Housing Development Corporation
The Rural Housing Development Corporation, a nonprofit organization, is committed to providing quality and affordable housing opportunities for individuals and families residing in Utah. This mission is achieved through various initiatives, including mutual self-help housing, land acquisition, land development, raising capital, homebuyer financial funding, contract management, and homebuyer education.
The organization's efforts have resulted in significant accomplishments. The Mutual Self-Help Housing program has assisted 13 low and very-low income families in building their own homes. As of September 30, 2022, this program has started or completed a total of 594 self-help single family homes. Furthermore, the organization has aided 35 families with secondary construction and/or permanent mortgages/grant financing to help them purchase and construct their homes. Apart from these, the organization has provided homebuyer education counseling to over 250 families.
In terms of land development, the Rural Housing Development Corporation has purchased and developed over 150 lots in its service areas in Utah, Wasatch, Washington, and now Juab County in the state of Utah. The organization has also completed construction on 53 homes in these geographical areas, as part of its broader mission to provide affordable housing opportunities.
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Impact
July, 2024
Rural Housing Development Corporation's impact can be seen in the tangible assistance it provides to individuals and families in Utah who are in need of affordable housing solutions. Through programs like Mutual Self-Help Housing, land acquisition, land development, capital raising, homebuyer financial funding, contract management, and homebuyer education, this organization has facilitated the building and purchasing of homes for those with low and very-low incomes.
For example, the Self-Help Homes program has enabled 13 low-income families to begin building their own homes through mutual self-help efforts. As of September 30, 2022, a total of 594 self-help single-family homes had been started and/or completed, benefiting numerous families. Additionally, the organization has assisted 35 families with secondary construction and/or permanent mortgages/grant financing, allowing them to both purchase and construct their homes.
Not only does Rural Housing Development Corporation provide housing opportunities, but it also supports families through homebuyer education counseling, having assisted over 250 families in this aspect. Furthermore, the organization's efforts extend to acquiring and developing more than 150 lots in various service areas within Utah, including Wasatch, Washington, and Juab County. In these regions, 53 homes have been completed, contributing to the overall goal of addressing housing needs in the community.
By focusing on providing quality affordable housing solutions and empowering families to take part in the homebuilding process, Rural Housing Development Corporation plays a vital role in improving the living conditions and opportunities for individuals and families in Utah.
This information is meant to be a general summary of Rural 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 2024.
- Investment Income: $90,958
- Program Service Revenue: $33,686
- Gross Receipts: $5,616,186
Assets and Liabilities:
- Total Assets: $31,533,025
- Total Liabilities: $13,667,359
- Net Assets: $17,865,666
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$33,686
Organization Details
Founding Year
1998
Principal Officer
Brad Bishop
Website
www.selfhelphomes.orgNTEE Category
Code: L80 - Housing
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