Overview
What is Northern Nevada Community Housing Resource Board?
The Northern Nevada Community Housing Resource Board is a nonprofit organization situated in Reno, Nevada. Its primary mission is to provide affordable housing options for low-income individuals residing in Washoe County. To achieve this goal, the organization purchases and manages numerous residential rental properties, resulting in approximately 500 units of affordable housing within the region. With a dedicated workforce of 35 employees, the Northern Nevada Community Housing Resource Board strives to contribute positively to the local community by addressing the housing needs of its residents.
Official website here: www.nnchrb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Northern Nevada Community Housing Resource Board has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The score reflects a strong focus on governance, as evidenced by its 100% independent board members and comprehensive policies, including conflict of interest and whistleblower protections.
The organization excels in financial transparency, achieving full points for its audit and the absence of asset diversions. However, while the program expense ratio is reasonably high at 63.97%, there is room for improvement, as indicated by a lower score in the liabilities to assets ratio, which stands at 60.29%. This suggests that while the organization is managing its finances well, there could be concerns regarding financial sustainability.
Overall, the Northern Nevada Community Housing Resource Board demonstrates a strong commitment to accountability and effective governance. Still, it may need to focus on improving its financial ratios to enhance its stability and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Nevada Community Housing Resource Board legitimate?
Northern Nevada Community Housing Resource Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Nevada Community Housing Resource Board 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: $703,092
For more financial information, click here
Official website here: www.nnchrb.org
What is the mission statement of Northern Nevada Community Housing Resource Board?
The Northern Nevada Community Housing Resource Board's mission is centered around providing affordable housing solutions for individuals with low income within their local community. In pursuit of this objective, they procure and manage a substantial number of around 500 rental properties, offering affordable housing units. This endeavor aims to make housing more accessible for those who may otherwise struggle financially. The board's activities are instrumental in enhancing the living conditions of low-income residents in Washoe County, Nevada.
Official website here: www.nnchrb.org
Who is the CEO of Northern Nevada Community Housing Resource Board?
Matthew Fleming is the Executive Di of Northern Nevada Community Housing Resource Board.
Official website here: www.nnchrb.org
What is the revenue of Northern Nevada Community Housing Resource Board?
Northern Nevada Community Housing Resource Board's revenue in 2022 was $2,523,153.
Official website here: www.nnchrb.org
Who are the executives of Northern Nevada Community Housing Resource Board and what are their salaries?
The average compensation at Northern Nevada Community Housing Resource Board during 2022 was $20,088. There are 35 employees at Northern Nevada Community Housing Resource Board.
Here are 10 key members and their salaries:
- Compensation: $192,810
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- Compensation: $150,367
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Official website here: www.nnchrb.org
Where can I find the form 990 for Northern Nevada Community Housing Resource Board?
Northern Nevada Community Housing Resource Board's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nnchrb.org
Learn more at the official website: www.nnchrb.org
Mission Statement of Northern Nevada Community Housing Resource Board
The Northern Nevada Community Housing Resource Board is an organization committed to a significant mission. In simple terms, its goal is to provide affordable housing options for individuals with limited income residing in the local area. This mission is carried out through the strategic acquisition and management of rental properties, which currently offer approximately 500 units of affordable housing in Washoe County, Nevada. By providing such housing, the Northern Nevada Community Housing Resource Board contributes to the well-being and stability of its community members, enabling them to focus on other aspects of their lives without the burden of exorbitant housing costs.
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Impact
July, 2024
Northern Nevada Community Housing Resource Board's impact is significant in providing approximately 500 units of affordable housing for low-income individuals in Washoe County, Nevada. By purchasing and managing residential rental properties, the organization directly addresses the housing needs of the local community, particularly those who may struggle to afford suitable housing options. Through its mission to provide affordable housing, this organization plays a vital role in improving the living conditions and stability of low-income residents in Reno, Nevada.
This information is meant to be a general summary of Northern Nevada Community Housing Resource Board. 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: $110,956
- Program Service Revenue: $2,275,541
- Gross Receipts: $2,698,153
Assets and Liabilities:
- Total Assets: $16,750,606
- Total Liabilities: $10,100,233
- Net Assets: $6,650,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,123,806
DEVELOPER FEE
Revenue
$750,000
MANAGEMENT FEES
Revenue
$337,984
MOVE-OUT CHARGES
Revenue
$32,019
LAUNDRY FACILITIES
Revenue
$15,638
Organization Details
Founding Year
1989
Phone
(775) 337-9155Principal Officer
Matthew Fleming
Main Address
2757 BECK STREET, RENO, NV, 89509
Website
www.nnchrb.orgNTEE Category
Code: L200 - Housing
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