Overview
What is Housing For Independent People Inc?
Housing For Independent People Inc is a nonprofit organization situated in Fremont, California. Its primary mission is to combat homelessness and prevent the institutionalization of individuals with special needs in Northern California. These special needs encompass developmental and psychiatric disabilities, medical conditions such as HIV/AIDS and drug/alcohol dependency, frail elderly individuals, and combinations of these challenges. The organization achieves this goal by maintaining and managing a portfolio of affordable housing units and properties. Additionally, Housing For Independent People Inc expands the availability of housing for this population by forming partnerships to acquire or develop additional units within the community, ensuring high-quality management for the benefit of its residents.
Official website here: www.abode.org
What are the reviews and ratings of this charity?
**Rating: 81% (Three-Star out of Four Star rating from Charity Navigator)**
Housing For Independent People Inc has earned an overall score of 81%, indicating a solid performance in Accountability & Finance. This score reflects full compliance in several key metrics, including an entirely independent board and rigorous financial oversight processes. The organization demonstrates strong governance with well-documented policies, ensuring transparency and the responsible handling of resources.
Strengths noted include a high program expense ratio of nearly 93%, suggesting that the majority of their funds are directed towards their mission rather than administrative costs. Additionally, their commitment to best practices in conflict of interest policies and whistleblower protections further enhances their credibility as a trustworthy nonprofit.
However, the organization has a liability to assets ratio of nearly 79%, which may raise some concerns regarding its financial sustainability. While they perform well in many accountability aspects, ongoing attention to financial health and addressing any liabilities will be crucial for their long-term effectiveness and stability.
Reviews from GreatNonprofits are not available.
This AI summary has been generated from information found on Charity Navigator.
Is Housing For Independent People Inc legitimate?
Housing For Independent People Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing For Independent People 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: $3,166,100
For more financial information, click here
Official website here: www.abode.org
What is the mission statement of Housing For Independent People Inc?
Housing For Independent People Inc's mission is centered around addressing homelessness and preventing institutionalization for individuals with various special needs, such as developmental disabilities, psychiatric disorders, medical conditions including drug and alcohol dependency, frail elderly, HIV/AIDS, and combinations of these disabilities. The organization achieves this mission by preserving the existing stock of affordable rental housing for low-income individuals with special needs, providing high-quality management services. Furthermore, Housing For Independent People Inc expands the availability of housing units for this population through partnerships to acquire or develop additional units in the community.
Official website here: www.abode.org
Who is the CEO of Housing For Independent People Inc?
Louis Chicoine is the CEO of Housing For Independent People Inc The CEO's salary of Housing For Independent People Inc is $0 and their total compensation is $361,688.
Official website here: www.abode.org
What is the revenue of Housing For Independent People Inc?
Housing For Independent People Inc's revenue in 2024 was $10,391,524.
Official website here: www.abode.org
Who are the executives of Housing For Independent People Inc and what are their salaries?
There 17 volunteers at Housing For Independent People Inc.
Here are 20 key members and their salaries (Housing For Independent People Inc's CEO's salary is $0 and their total compensation is $361,688):
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- Related: $355,675
- Other: $6,013
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- Related: $280,616
- Other: $13,331
- Compensation: $0
- Related: $234,147
- Other: $11,281
Official website here: www.abode.org
Where can I find the form 990 for Housing For Independent People Inc?
Housing For Independent People Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.abode.org
Learn more at the official website: www.abode.org
Mission Statement of Housing For Independent People Inc
Housing for Independent People Inc is a dedicated organization with a mission to eradicate homelessness and prevent the institutionalization of individuals with special needs in Northern California. This population encompasses individuals with developmental disabilities, psychiatric disabilities, medical conditions such as drug and alcohol dependency, frail elderly, HIV/AIDS, and combinations of these conditions. The nonprofit achieves its mission in various ways. Firstly, it preserves the community's existing stock of rental housing for very low-income special needs individuals, ensuring that these individuals have a safe and secure living environment. Secondly, Housing for Independent People Inc provides high-quality management for these housing units, ensuring that the residents receive the support they need to live independently.
In addition to preserving and managing existing housing units, Housing for Independent People Inc is expanding its housing options for this population. Through partnerships, the nonprofit acquires or develops additional units in the community, thereby increasing the number of housing options available to special needs individuals with low income. This expansion not only provides more housing options but also ensures that these individuals have access to safe, high-quality housing that meets their unique needs. In essence, Housing for Independent People Inc is committed to ending homelessness and institutionalization for individuals with special needs in Northern California, providing them with safe, quality housing and management to help them live independently.
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Impact
July, 2024
Housing For Independent People Inc's impact is significant in its mission to end homelessness and prevent the institutionalization of people with special needs in Northern California. The organization owns, operates, and manages a portfolio of affordable housing units and properties catering to individuals with developmental disabilities, psychiatric disabilities, medical conditions, including HIV/AIDS, and drug and alcohol dependency. By providing high-quality management and expanding the availability of housing units through partnerships, Housing For Independent People Inc is actively working to preserve and increase housing options for those in need.
This information is meant to be a general summary of Housing For Independent People 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: $18,344
- Program Service Revenue: $7,154,860
- Gross Receipts: $10,391,524
Assets and Liabilities:
- Total Assets: $16,157,088
- Total Liabilities: $11,412,508
- Net Assets: $4,744,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT FEES
Revenue
$3,803,538
RENTAL INCOME
Revenue
$2,686,829
MISCELLANEOUS INCOME
Revenue
$664,493
Organization Details
Founding Year
1979
Principal Officer
Louis Chicoine
Website
www.abode.orgNTEE Category
Code: L2XZ - Housing
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