Overview
What is First Ame Housing Association?
First Ame Housing Association, identified as FAME, is a Washington State-based nonprofit corporation that possesses legal ownership over three properties. These properties house a total of 98 units, all situated in Seattle, Washington. The organization's primary mission is to provide affordable housing solutions to low-income families and the elderly. By doing so, they strive to contribute positively to their community. With a team of seven dedicated individuals, FAME plays a crucial role in ensuring affordable housing options are accessible to those in need.
What are the reviews and ratings of this charity?
**First Ame Housing Association - Charity Navigator Rating: 86% (Three Stars)**
First Ame Housing Association has received a solid rating of 86% from Charity Navigator, reflecting its strong accountability and financial practices. The organization boasts 100% independent board members and has demonstrated excellent oversight in financial statement auditing. However, certain gaps were noted, including missing website listings on tax forms and a lack of whistleblower and document retention policies.
User reviews from GreatNonprofits could not be fetched, which limits the ability to provide public sentiment. Overall, while the organization displays strong financial health, prospective donors may want to inquire further about its transparency and overall operational practices to better understand its community impact.
This AI summary has been generated from information found on Charity Navigator.
Is First Ame Housing Association legitimate?
First Ame Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Ame Housing Association 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $407,928
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What is the mission statement of First Ame Housing Association?
The mission of First Ame Housing Association is centered around providing affordable housing solutions. This non-profit organization aims to cater to the needs of low-income families and the elderly, ensuring they have access to suitable and affordable living spaces. By managing three properties in an unspecified location, First Ame Housing Association contributes significantly to the housing market, offering 98 units in total. The association's primary goal is to make housing more affordable, thereby providing a sense of security and stability for those in need.
Who is the CEO of First Ame Housing Association?
Roxanne Buchanan is the President of First Ame Housing Association.
What is the revenue of First Ame Housing Association?
First Ame Housing Association's revenue in 2022 was $10,980,310.
Who are the executives of First Ame Housing Association and what are their salaries?
The average compensation at First Ame Housing Association during 2022 was $58,275. There are 7 employees at First Ame Housing Association.
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Where can I find the form 990 for First Ame Housing Association?
First Ame Housing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Ame Housing Association
First Ame Housing Association, a non-profit organization, is committed to providing affordable housing solutions for low and moderate income families and the elderly. This mission is carried out through the management of three properties, which collectively house 98 units in Seattle, Washington. The association's primary goal is to make housing accessible to individuals and families who may otherwise struggle to secure affordable housing options. By offering affordable housing units, the association aims to contribute to the well-being and stability of its community members.
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Impact
July, 2024
First Ame Housing Association's impact is substantial in providing affordable housing to low and moderate-income families and the elderly in Seattle, Washington. Through its three properties, totaling 98 units, this organization plays a crucial role in addressing the housing needs of vulnerable populations in the city. By offering safe and affordable housing options, First Ame Housing Association contributes to enhancing the quality of life for individuals and families who might otherwise struggle to secure suitable accommodations in an expensive housing market.
This information is meant to be a general summary of First Ame Housing Association. 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: $8,368,253
- Program Service Revenue: $2,590,311
- Gross Receipts: $11,784,668
Assets and Liabilities:
- Total Assets: $19,532,975
- Total Liabilities: $3,357,765
- Net Assets: $16,175,210
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,331,569
DEVELOPER REVENUE
Revenue
$245,914
TENANT CHARGES
Revenue
$9,785
LAUNDRY AND VENDING
Revenue
$3,043
Organization Details
Founding Year
1969
Phone
(206) 510-3061Principal Officer
Roxanne Buchanan
Main Address
1801 EAST YESLER WAY, SEATTLE, WA, 98122
NTEE Category
Code: L200 - Housing
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