Overview
What is Snohomish Affordable Housing Group?
The Snohomish Affordable Housing Group, based in Snohomish, Washington, was established in November 1991 with a mission to address housing affordability issues within the community. Their primary objective is to leverage local skills and compassion to develop, construct, maintain, and manage affordable housing options for residents with income levels below 50% of the median county income. The group houses seniors, families with children, and disabled individuals in a 42-unit apartment complex, and operates without government funding. This local initiative aims to address the housing needs of its less fortunate neighbors, contributing to a more inclusive and equitable community.
Official website here: www.snoahg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Snohomish Affordable Housing Group has earned a solid Three-Star rating from Charity Navigator, reflecting an 82% overall score. This rating indicates a decent level of accountability and finance practices, particularly noting its strong independent board composition and absence of material asset diversion, which are key strengths for the organization.
The group excels in program expenses, with an impressive program expense ratio of 94.72%, highlighting its commitment to direct impact through housing initiatives. However, there are some areas of concern, including missing policies on conflict of interest and whistleblower protections, which could affect transparency and governance.
Additionally, while the financial statements are thoroughly reviewed, the nonprofit's failure to post its tax form on its website may hinder public access to important financial information. Overall, while Snohomish Affordable Housing Group demonstrates a strong commitment to its mission, addressing governance shortcomings could enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Snohomish Affordable Housing Group legitimate?
Snohomish Affordable Housing Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snohomish Affordable Housing Group 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: $49,949
For more financial information, click here
Official website here: www.snoahg.org
What is the mission statement of Snohomish Affordable Housing Group?
The Snohomish Affordable Housing Group was established with the purpose of developing, constructing, maintaining, and managing affordable housing within the community, without relying on government funding. Their objective is to leverage the skills and compassion existing within the community to provide modest housing for their less fortunate neighbors. The organization has successfully completed projects, such as the Avenue D: 42-unit apartment project, which is currently inhabited by seniors, families with children, and disabled individuals with income levels at or below 50% of the median county income.
Official website here: www.snoahg.org
Who is the CEO of Snohomish Affordable Housing Group?
Bill Raser is the President of Snohomish Affordable Housing Group.
Official website here: www.snoahg.org
What is the revenue of Snohomish Affordable Housing Group?
Snohomish Affordable Housing Group's revenue in 2022 was $706,272.
Official website here: www.snoahg.org
Who are the executives of Snohomish Affordable Housing Group and what are their salaries?
The average compensation at Snohomish Affordable Housing Group during 2022 was $49,949. There is 1 employee and 15 volunteers at Snohomish Affordable Housing Group.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.snoahg.org
Where can I find the form 990 for Snohomish Affordable Housing Group?
Snohomish Affordable Housing Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.snoahg.org
Learn more at the official website: www.snoahg.org
Mission Statement of Snohomish Affordable Housing Group
Snohomish Affordable Housing Group, established in November 1991, was founded with a mission to collaborate local skills and compassion within the community to create affordable housing for those less fortunate. The organization's primary objective is to develop, construct, maintain, and manage moderate housing without relying on government funding. By bringing together community resources, Snohomish Affordable Housing Group aims to provide a decent living space for individuals and families who fall below 50% of the median county income, including seniors, families with children, and disabled individuals. The organization's efforts contribute to the betterment of the community by providing an essential resource – affordable housing – which is often a significant challenge for many individuals and families.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Snohomish Affordable Housing Group has a significant impact on the community by developing, constructing, maintaining, and managing affordable housing in and around the city of Snohomish. Through their efforts, they provide housing opportunities for seniors, families with children, and disabled individuals with incomes at or below 50% of the median county income. Their commitment to creating modest housing options for those in need showcases the compassion and skills present in the Snohomish community, all achieved without government funding.
This information is meant to be a general summary of Snohomish Affordable Housing Group. 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: $151,497
- Program Service Revenue: $549,575
- Gross Receipts: $957,528
Assets and Liabilities:
- Total Assets: $3,972,378
- Total Liabilities: $2,320,973
- Net Assets: $1,651,405
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$549,575
Organization Details
Founding Year
1991
Phone
(360) 568-0536Principal Officer
Bill Raser
Main Address
PO BOX 2026, SNOHOMISH, WA, 98291
Website
www.snoahg.orgNTEE Category
Code: Z99Z - Unknown
If you are a representative of Snohomish Affordable Housing Group and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.