Overview
What is Aasc Housing I Inc?
Aasc Housing I Inc, situated in Anchorage, Alaska, is a nonprofit organization dedicated to providing high-quality, affordable housing to individuals with low income and disabilities. Their primary mission involves constructing and managing such housing units, aiming to enhance living conditions for the specified population within the city. This commitment to affordable housing serves an essential role in supporting vulnerable communities and contributing to a more inclusive residential environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars, 65%)
Aasc Housing I Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating significant areas for improvement, especially in accountability and finance. While the organization demonstrates strong governance with a fully independent board and no material diversion of assets, it fails to meet standards in critical policy areas such as whistleblower protections and document retention, which are essential for transparency and accountability.
The organization excels in its program expense ratio, committing 100% of its expenses to programs, which reflects a strong focus on its mission. However, its liabilities to assets ratio raises concerns, suggesting potential financial instability. These factors contribute to the overall low score, highlighting the need for Aasc Housing I Inc to enhance its financial management practices and improve its operational transparency.
In summary, while Aasc Housing I Inc shows promise through its governance and program allocation, the absence of key policies and concerning financial metrics indicate that there are important steps needed to boost its overall effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Aasc Housing I Inc legitimate?
Aasc Housing I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aasc Housing I 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.
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What is the mission statement of Aasc Housing I Inc?
Aasc Housing I Inc's mission is centered around constructing and managing affordable housing facilities. This organization is dedicated to catering to the needs of low-income and disabled individuals, ensuring they have access to suitable living spaces. In essence, the primary goal of Aasc Housing I Inc is to provide quality, affordable housing, contributing positively to the lives of those in need. The organization's activities are largely focused on this mission, aiming to make a significant impact in the lives of its intended beneficiaries.
Who is the CEO of Aasc Housing I Inc?
Kathleen Kowalczuk is the President of Aasc Housing I Inc.
What is the revenue of Aasc Housing I Inc?
Aasc Housing I Inc's revenue in 2023 was $153,634.
Who are the executives of Aasc Housing I Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Aasc Housing I Inc?
Aasc Housing I Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Aasc Housing I Inc
Aasc Housing I Inc, as a nonprofit organization, is dedicated to a significant mission. Their primary objective is to construct and manage affordable housing units, catering to individuals with low income and those with disabilities. By providing quality housing, Aasc Housing I Inc aims to contribute positively to the lives of these vulnerable groups, ensuring they have a safe and comfortable living space. The organization's work is essential in addressing the housing needs of these individuals, thereby promoting their overall well-being and independence.
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Impact
October, 2024
Aasc Housing I Inc significantly impacts the community by providing quality affordable housing tailored to the needs of low-income and disabled individuals in Anchorage, Alaska. Through the construction and management of housing facilities, the organization addresses a critical gap in affordable housing options, enhancing the quality of life for its residents.
By focusing on these vulnerable populations, Aasc Housing I Inc not only offers shelter but also fosters stability and independence, allowing individuals to thrive in a supportive environment. The organization’s efforts contribute to reducing homelessness and housing insecurity in the region, promoting social equity and inclusivity. Ultimately, Aasc Housing I Inc plays a vital role in creating a more accessible and equitable community for all residents.
This information is meant to be a general summary of Aasc Housing I 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 2023.
- Investment Income: $63
- Program Service Revenue: $145,062
- Gross Receipts: $153,634
Assets and Liabilities:
- Total Assets: $500,362
- Total Liabilities: $1,226,385
- Net Assets: -$726,023
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Housing
Revenue
$145,062
Organization Details
Founding Year
1998
Principal Officer
Kathleen Kowalczuk
Main Address
2515 A Street, Anchorage, AK, 99503
NTEE Category
Code: L20 - Housing
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