Overview
What is Rhf Foundation Inc?
Rhf Foundation Inc, based in Long Beach, California, is a nonprofit organization established to manage certain trust funds. Its primary purpose is to provide financial assistance for the development of affordable housing projects, catering to very low, low, and moderate-income seniors, families, and individuals with disabilities. The organization's mission encompasses low and very low income housing development and resident benevolent care, aiming to improve living conditions for those in need. With a team of 12 individuals, Rhf Foundation Inc plays a significant role in ensuring affordable housing options are available to vulnerable populations.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The RHF Foundation Inc has received a strong 96% rating from Charity Navigator, which highlights its exceptional accountability and finance practices. Key strengths include a fully independent board with a significant percentage of independent members and comprehensive financial oversight. The organization has shown no material diversion of assets and maintains robust policies such as conflict of interest and whistleblower protections, reflecting a commitment to transparency and ethical governance.
However, user feedback presents a contrasting perspective, particularly concerning the management of their facilities. One reviewer expressed dissatisfaction with the quality of care and maintenance at RHF's residential apartments, claiming that the organization prioritizes expansion over resident welfare and that complaints from residents are often disregarded. This highlights potential discrepancies between the organization's stated mission and the experiences of individuals utilizing its services.
While the charity scores highly in financial accountability, the negative review points to significant concerns regarding operational practices and resident management. Prospective donors and clients may want to consider both the positive financial metrics and the critical experiences shared when evaluating RHF Foundation Inc.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Rhf Foundation Inc legitimate?
Rhf Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhf Foundation Inc 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: $751,138
For more financial information, click here
Official website here: www.rhf.org
What is the mission statement of Rhf Foundation Inc?
The Rhf Foundation Inc, established to manage certain trust funds, is dedicated to providing low and very low-income housing development and resident benevolent care. It uses the trust funds to supply development and equity funds for new projects aimed at providing shelter and services for various income groups, including very low, low, and moderate-income seniors, families, and persons with disabilities. The foundation's primary goal is to contribute to the housing needs of those in financial distress, demonstrating a commitment to social support and community development.
Official website here: www.rhf.org
Who is the CEO of Rhf Foundation Inc?
Stuart Hartman is the Principal Officer of Rhf Foundation Inc.
Official website here: www.rhf.org
What is the revenue of Rhf Foundation Inc?
Rhf Foundation Inc's revenue in 2022 was $2,502,811.
Official website here: www.rhf.org
Who are the executives of Rhf Foundation Inc and what are their salaries?
The average compensation at Rhf Foundation Inc during 2022 was $62,595. There are 12 employees and 2 volunteers at Rhf Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $370,863
- Other: $28,460
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $199,807
- Other: $40,223
- Compensation: $0
- Related: $529,406
- Other: $72,819
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $66,364
- Other: $2,374
- Compensation: $0
- Related: $400,678
- Other: $45,884
- Compensation: $0
- Related: $285,306
- Other: $23,599
Official website here: www.rhf.org
Where can I find the form 990 for Rhf Foundation Inc?
Rhf Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Rhf Foundation Inc
Rhf Foundation Inc, a nonprofit organization, is committed to providing low and very low-income individuals with housing development and benevolent care. Established to manage certain trust funds for Retirement Housing Foundation, a California-based nonprofit corporation, Rhf Foundation Inc has the mission to offer development and equity funds for new projects. These projects aim to provide shelter and services for various income groups, including very low, low, and moderate-income seniors, families, and individuals with disabilities. The primary objective of Rhf Foundation Inc is to contribute to the housing needs of those who fall under these income categories, thereby enhancing their living conditions.
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Impact
July, 2024
Rhf Foundation Inc's impact lies in its steadfast commitment to providing low and very low-income housing development and resident benevolent care. By holding trust funds on behalf of Retirement Housing Foundation, this organization plays a crucial role in supporting new projects that offer shelter and services to those in need. Through their work, Rhf Foundation Inc helps to improve the quality of life for seniors, families, and individuals with disabilities who are facing economic challenges. Their focus on housing underscores the fundamental importance of safe and affordable living conditions for vulnerable populations.
This information is meant to be a general summary of Rhf Foundation Inc. 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: $2,114,895
- Program Service Revenue: $94,080
- Gross Receipts: $2,502,811
Assets and Liabilities:
- Total Assets: $204,186,650
- Total Liabilities: $19,491,703
- Net Assets: $184,694,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE REVENUES
Revenue
$94,080
Organization Details
Founding Year
1997
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 N STUDEBAKER ROAD, LONG BEACH, CA, 90815
Website
www.rhf.orgNTEE Category
Code: L80 - Housing
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