Overview
What is Utah Non-Profit Housing Corporation?
Utah Non-Profit Housing Corporation is a nonprofit organization based in Salt Lake City, Utah, with an address at 223 WEST 700 SOUTH SUITE C, ZIP code 84101. devoting its efforts to acquiring real property for the development, construction, management, and operation of affordable housing units for low-income individuals, families, and the elderly. With a team of around 130 employees, they oversee programs and services related to the ownership and management of their affordable housing properties.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
The Utah Non-Profit Housing Corporation has achieved a strong Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. The organization scored exceptionally well in areas such as independent board member composition, with 90% of its board being independent, and it also demonstrated strong financial practices, including thorough audits and effective conflict of interest policies.
Strengths highlighted include a high program expense ratio of 87.43%, suggesting that the majority of funds are directed towards its mission-related activities. The organization's proactive policies regarding whistleblowing and document retention further enhance its accountability and transparency, which are crucial in maintaining donor trust and effective governance.
While the ratings reflect a well-managed organization, it's important for potential donors to continue monitoring its operations and community impact. Overall, the Utah Non-Profit Housing Corporation appears to be a reputable choice for those looking to support housing initiatives in the region.
This AI summary has been generated from information found on Charity Navigator.
Is Utah Non-Profit Housing Corporation legitimate?
Utah Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Utah Non-Profit 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: $414,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,309,145
For more financial information, click here
What is the mission statement of Utah Non-Profit Housing Corporation?
The Utah Non-Profit Housing Corporation acquires an interest in real property with the goal of developing, constructing, managing, and operating housing for individuals and families with low incomes and the elderly. This mission is carried out by investing in real estate to create affordable housing solutions. Through the ownership and management of these properties, the organization provides essential services to support their residents. The corporation's operations primarily revolve around the expenses related to the affordable housing properties they oversee.
Who is the CEO of Utah Non-Profit Housing Corporation?
Marion Willey is the Executive Di of Utah Non-Profit Housing Corporation.
What is the revenue of Utah Non-Profit Housing Corporation?
Utah Non-Profit Housing Corporation's revenue in 2022 was $25,355,454.
Who are the executives of Utah Non-Profit Housing Corporation and what are their salaries?
The average compensation at Utah Non-Profit Housing Corporation during 2022 was $13,261. There are 130 employees at Utah Non-Profit Housing Corporation.
Here are 11 key members and their salaries:
- Compensation: $224,525
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- Compensation: $190,281
- Related: $0
- Other: $0
Where can I find the form 990 for Utah Non-Profit Housing Corporation?
Utah Non-Profit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Utah Non-Profit Housing Corporation
Utah Non-Profit Housing Corporation, a renowned organization, is dedicated to acquiring real property interests to develop, construct, manage, and operate housing for low-income individuals, families, and the elderly. With a strong commitment to making a difference, this corporation sets out to transform lives by providing affordable housing solutions.
In its mission to uplift communities, Utah Non-Profit Housing Corporation focuses on acquiring real estate to create and manage housing facilities for those in need. These properties cater specifically to low-income individuals, families, and the elderly, ensuring they have access to safe, secure, and affordable living spaces. Moreover, the corporation offers essential operational and supportive services for these housing rental properties to maintain their affordability and quality.
The corporation's primary goal is to make a lasting impact on people's lives by creating homes that enable them to thrive. Through its unwavering dedication, Utah Non-Profit Housing Corporation continues to be a beacon of hope for those seeking stable, affordable housing. Its mission extends beyond the mere provision of properties, as it strives to create sustainable, healthy, and inclusive communities where residents can flourish.
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Impact
October, 2024
Utah Non-Profit Housing Corporation significantly enhances the availability of affordable housing for low-income individuals, families, and the elderly in Salt Lake City, Utah. By acquiring interests in real property, the organization develops, constructs, manages, and operates housing specifically designed to meet the needs of vulnerable populations.
Through its operations, the Corporation not only provides essential rental properties but also implements supportive services that contribute to the overall well-being of its residents. The focus on affordable housing alleviates the burden of housing costs for many, enabling them to secure stable living conditions. This proactive approach addresses critical housing shortages, fostering community stability and improving quality of life.
The impact of the Utah Non-Profit Housing Corporation extends beyond mere housing provision; it creates a foundation for economic security and social inclusion, empowering individuals and families to thrive. By investing in the development of affordable housing, the Corporation plays a crucial role in enhancing community resilience and fostering a more inclusive society.
This information is meant to be a general summary of Utah Non-Profit 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: -$3,648,382
- Program Service Revenue: $6,492,168
- Gross Receipts: $26,390,373
Assets and Liabilities:
- Total Assets: $88,535,148
- Total Liabilities: $11,033,494
- Net Assets: $77,501,654
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$4,260,905
MANAGEMENT/ACCOUNTING FEE
Revenue
$1,656,849
ADMINISTRATIVE FEES
Revenue
$405,867
DEVELOPMENT FEES
Revenue
$168,547
Organization Details
Founding Year
1967
Phone
(801) 364-6117Principal Officer
Marion Willey
Main Address
223 WEST 700 SOUTH SUITE C, SALT LAKE CITY, UT, 84101
NTEE Category
Code: L21 - Housing
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