Overview
What is Nairobi Housing Inc?
Nairobi Housing Inc is a nonprofit organization situated in San Francisco, California. Its primary role is to support Bridge Housing Corporation (Bridge), a company dedicated to enhancing communities by constructing, owning, and managing high-quality, affordable homes for working families and seniors. The vision of both entities is to strengthen communities, create opportunities, and deliver exceptional satisfaction to all stakeholders. Nairobi Housing Inc, as a general partner in Nairobi Housing Associates, operates an affordable housing project for income-qualified tenants. By partnering with Bridge, Nairobi Housing Inc plays a vital role in providing affordable housing solutions to various communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
Nairobi Housing Inc has received a low rating of 59%, translating to a One-Star out of Four Stars designation. This score reflects significant areas of concern, especially in accountability and finance, where the organization struggled to meet several key benchmarks. Particularly notable is the lack of majority independent board members and the low score for the independent board size, which raises questions about effective governance.
On a more positive note, Nairobi Housing Inc does have a solid program expense ratio, indicating that the majority of its funds are directed towards its programs. Additionally, the organization has established robust policies for whistleblower protection, conflict of interest, and document retention. However, the absence of a tax form published on its website and low liabilities to assets ratio could hinder transparency and financial health.
Overall, while Nairobi Housing Inc shows a commitment to certain operational policies and effective program spending, the governance issues and low accountability score are significant drawbacks. Potential donors may want to consider these factors before contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Nairobi Housing Inc legitimate?
Nairobi Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nairobi Housing 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: $0
For more financial information, click here
What is the mission statement of Nairobi Housing Inc?
Nairobi Housing Inc supports Bridge Housing Corporation (Bridge), an organization dedicated to strengthening communities. Bridge achieves this by developing, owning, and managing high-quality, affordable homes for working families and seniors. Their mission extends beyond housing, aiming to create opportunities for these groups. Bridge is recognized as a leader and innovator in the mission-driven business of producing, operating, and owning affordable and mixed-income housing. They prioritize customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. Bridge is the go-to developer and owner for communities and public officials seeking diverse housing solutions, delivering results effectively.
Who is the CEO of Nairobi Housing Inc?
Duane Bay is the President of Nairobi Housing Inc. The CEO's salary of Nairobi Housing Inc is $0 and their total compensation is $266,305.
What is the revenue of Nairobi Housing Inc?
Nairobi Housing Inc's revenue in 2022 was $136,874.
Who are the executives of Nairobi Housing Inc and what are their salaries?
There 2 volunteers at Nairobi Housing Inc.
Here are 4 key members and their salaries (Nairobi Housing Inc's CEO's salary is $0 and their total compensation is $266,305):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $241,458
- Other: $57,299
- Compensation: $0
- Related: $245,086
- Other: $21,219
Where can I find the form 990 for Nairobi Housing Inc?
Nairobi Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nairobi Housing Inc
Nairobi Housing Inc serves as a supportive organization to Bridge Housing Corporation (Bridge). Bridge's mission, in turn, is to strengthen communities and create opportunities for working families and seniors, extending beyond just housing. As a leader and innovator in the mission-driven business of affordable and mixed-income housing, Bridge develops, owns, and manages high-quality homes for these groups. Nairobi Housing Inc plays a significant role in Bridge's success, striving to earn the highest degree of satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. By being the go-to developer and owner for various housing solutions, Bridge delivers results, making it a trusted name in communities seeking diverse housing options.
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Impact
October, 2024
Nairobi Housing Inc plays a critical role in enhancing community resilience and promoting economic stability through the development and management of high-quality, affordable housing. By focusing on the needs of working families and seniors, the organization ensures that individuals have access to safe and decent living conditions, which serves as a foundation for their overall well-being and success.
The impact of Nairobi Housing Inc extends beyond just housing; it fosters stronger communities by creating opportunities for residents to thrive. The organization is recognized as a leader in innovative housing solutions, attracting public officials and investors who seek effective strategies to address housing challenges. This collaborative approach not only benefits low-income tenants but also enriches the surrounding neighborhoods, contributing to a more robust economic landscape.
Moreover, the focus on customer satisfaction among all stakeholders—residents, neighbors, investors, and partners—further amplifies the positive impact. Nairobi Housing Inc is committed to delivering results that resonate well within the community, thereby reinforcing its reputation as a reliable developer and landlord. Through its efforts, the organization not only addresses immediate housing needs but also contributes to long-term community growth and empowerment.
This information is meant to be a general summary of Nairobi Housing 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.
- Program Service Revenue: $136,762
- Gross Receipts: $136,874
Assets and Liabilities:
- Total Assets: $4,768,613
- Total Liabilities: $7,865,820
- Net Assets: -$3,097,207
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUND LEASE INCOME
Revenue
$60,000
GROUND LEASE INTEREST
Revenue
$56,762
ASSET MANAGEMENT FEES
Revenue
$20,000
Organization Details
Founding Year
1999
Phone
(415) 989-1111Principal Officer
Duane Bay
Main Address
600 CALIFORNIA STREET 900, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L20 - Housing
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