Overview
What is Fairbanks Neighborhood Housing Services Inc?
Fairbanks Neighborhood Housing Services Inc is a nonprofit organization situated in Fairbanks, Alaska, with a specific mission to improve the living conditions of the local community. They accomplish this by offering affordable loans to low-income borrowers, aiming to facilitate home ownership. Beyond this, the organization focuses on revitalizing targeted neighborhoods and assisting residents in enhancing their housing situations. This is achieved through educational programs, financial assistance, and collaborations with like-minded organizations. Their mission extends to mobilizing local, state, and federal resources to preserve and maintain quality housing options for individuals and families in need. The organization currently employs a team of 11 dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Stars
Fairbanks Neighborhood Housing Services Inc has achieved a solid Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The charity's overall score is rooted entirely in its accountability and finance metrics, demonstrating a commitment to transparency and responsible management of resources.
The organization boasts a fully independent board, with all eight members being independent. It has received perfect scores in several areas, including its audit and oversight committee and in policies related to conflicts of interest and whistleblower protections. The program expense ratio is notably high at 92.71%, signifying that a significant portion of funds are directed towards its programs rather than administrative costs.
While the financial health indicators are strong, the liabilities to assets ratio stands at 54.09%. This reflects a moderate level of debt compared to its assets, which may warrant attention moving forward. Overall, Fairbanks Neighborhood Housing Services Inc demonstrates a robust framework for governance and financial stewardship, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Fairbanks Neighborhood Housing Services Inc legitimate?
Fairbanks Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairbanks Neighborhood Housing Services 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: $131,155
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,549
For more financial information, click here
What is the mission statement of Fairbanks Neighborhood Housing Services Inc?
Fairbanks Neighborhood Housing Services Inc's mission is centered around enhancing communities in Alaska. Their primary objective is to revitalize specific neighborhoods and provide assistance to low-income residents in improving their housing situations. They achieve this mission through educational programs, financial aid, and collaborations with like-minded organizations. These collaborations aim to mobilize local, state, and federal resources for the preservation and creation of affordable housing options for individuals and families in need of homes.
What is the revenue of Fairbanks Neighborhood Housing Services Inc?
Fairbanks Neighborhood Housing Services Inc's revenue in 2024 was $1,221,552.
Who are the executives of Fairbanks Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Fairbanks Neighborhood Housing Services Inc during 2024 was $52,341. There are 5 employees and 10 volunteers at Fairbanks Neighborhood Housing Services Inc.
Here are 9 key members and their salaries:
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- Compensation: $136,154
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- Other: $0
Where can I find the form 990 for Fairbanks Neighborhood Housing Services Inc?
Fairbanks Neighborhood Housing Services Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Fairbanks Neighborhood Housing Services Inc
Fairbanks Neighborhood Housing Services Inc is committed to enhancing the Fairbanks North Star Borough and surrounding communities in Alaska. Their mission, as stated, is to foster improvement in these regions by offering educational resources, providing financial assistance, and collaborating with like-minded organizations. This collaboration aims to mobilize local, state, and federal resources for the revitalization and preservation of affordable housing for individuals and families seeking homes. In essence, Fairbanks Neighborhood Housing Services Inc is dedicated to revitalizing targeted neighborhoods and supporting low-income residents in their quest for improved housing opportunities.
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Impact
July, 2024
Fairbanks Neighborhood Housing Services Inc revitalizes targeted neighborhoods and assists low-income residents in improving housing. They provide loans to low-income borrowers to support home ownership. Their mission is to improve the Fairbanks North Star Borough and northern communities in Alaska through education, financial assistance, and partnerships with like-minded organizations to mobilize resources for the revitalization and preservation of quality, affordable housing for individuals and families seeking homes.
This information is meant to be a general summary of Fairbanks Neighborhood Housing Services 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 2024.
- Investment Income: $7,098
- Program Service Revenue: $806,953
- Gross Receipts: $1,221,552
Assets and Liabilities:
- Total Assets: $7,642,908
- Total Liabilities: $4,134,467
- Net Assets: $3,508,441
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$604,700
INTEREST ON LOANS
Revenue
$167,789
PROPERTY MANAGEMENT
Revenue
$24,635
LOAN FEES
Revenue
$9,829
Organization Details
Founding Year
1992
Principal Officer
Nadine Winters
NTEE Category
Code: L20Z - Housing
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