Overview
What is Teton Non-Profit Housing Corp?
Teton Non-Profit Housing Corp is a nonprofit organization situated in Salem, Oregon. Its primary focus is to offer affordable housing options for seniors, serving as a retirement home or senior housing program. The organization is dedicated to catering to individuals with limited financial resources, aligning with its mission to provide low-income housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 60% overall score)
Teton Non-Profit Housing Corp has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and finance. The organization has a strong program expense ratio of 93.01%, demonstrating its commitment to programmatic spending, but it faces challenges due to a significant liabilities to assets ratio of 80.26%, which raises concerns about its financial stability.
The organization shows strengths in having a fully independent board, scoring 100% for board independence, and maintaining an audit and oversight committee with perfect marks. However, several critical policies and practices are missing, including a conflict of interest policy and a whistleblower policy, which limits the overall accountability score. Additionally, the nonprofit's website is not listed on its tax form, and important documents such as tax forms and board meeting minutes are not readily available to the public.
Overall, while Teton Non-Profit Housing Corp demonstrates a solid commitment to its programs, its lack of essential governance policies and transparency measures points to areas that require attention and improvement to enhance its operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Teton Non-Profit Housing Corp legitimate?
Teton Non-Profit Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teton Non-Profit Housing Corp 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: $60,281
For more financial information, click here
What is the mission statement of Teton Non-Profit Housing Corp?
Teton Non-Profit Housing Corp is dedicated to serving its mission by providing low-income housing options. This mission is aimed at ensuring that individuals with limited financial resources have access to suitable living accommodations. The organization operates with a focus on retirement homes or senior housing, providing a safe and affordable living environment for its residents. The primary goal is to make housing accessible and affordable, thereby improving the quality of life for those in need. The corporation's activities are geared towards addressing the housing needs of individuals who might otherwise struggle to secure suitable living arrangements due to their financial circumstances.
Who is the CEO of Teton Non-Profit Housing Corp?
Unavailable
What is the revenue of Teton Non-Profit Housing Corp?
Teton Non-Profit Housing Corp's revenue in 2022 was $573,048.
Who are the executives of Teton Non-Profit Housing Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Teton Non-Profit Housing Corp?
Teton Non-Profit Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teton Non-Profit Housing Corp
Teton Non-Profit Housing Corp, as a retirement home or senior housing program, is dedicated to a noble mission. This mission involves providing low-income housing, ensuring that elderly individuals have access to affordable living spaces. By undertaking this mission, the organization aims to contribute positively to the community, offering a sense of security and stability to those who may be financially challenged in their golden years. The corporation's commitment to this cause demonstrates its dedication to social responsibility and the well-being of its residents.
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Impact
July, 2024
Teton Non-Profit Housing Corp's impact is significant in providing low-income housing to individuals in Salem, OR. They fulfill their mission to ensure that those in need have a safe and affordable place to live, particularly focusing on retirement or senior housing. Through their work, they contribute to the community by addressing a crucial need for housing security among vulnerable populations.
This information is meant to be a general summary of Teton Non-Profit Housing Corp. 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: $898
- Program Service Revenue: $572,150
- Gross Receipts: $573,048
Assets and Liabilities:
- Total Assets: $6,084,903
- Total Liabilities: $4,983,357
- Net Assets: $1,101,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rents
Revenue
$150,488
HUD HAP Subsity
Revenue
$374,630
Other Program Service
Revenue
$47,032
Organization Details
Founding Year
1980
Main Address
360 Church St SE, Salem, OR, 97301
NTEE Category
Code: L21Z - Housing
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