Overview
What is Am Affordable Housing Inc?
Am Affordable Housing Inc. is a nonprofit organization situated in Coconut Grove, Florida. Their primary mission is to develop and maintain safe and affordable housing for low-income and elderly individuals within the state. Beyond providing housing, they offer educational, supportive, and referral services to cater to the unique needs of their clientele. Their activities are guided by a commitment to assisting those in need and the disadvantaged, adhering to the laws of the Florida Non-Profit Corporation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)
Am Affordable Housing Inc has received a Two-Star rating from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. While the organization boasts a 100% independent board and a perfect program expense ratio, it lacks essential financial transparency measures, such as publicly available financial statements and several key policies.
Despite the absence of major financial misconduct, the nonprofit's missing documentation, including its conflict of interest and whistleblower policies, raises concerns about governance practices. Additionally, the organization's failure to list its website on tax forms and publish meeting minutes further detracts from its accountability.
Overall, while Am Affordable Housing Inc shows strengths in certain areas such as board independence and program funding, its deficiencies in transparency and policy adherence highlight the need for improvements to build trust and credibility with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Am Affordable Housing Inc legitimate?
Am Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Am Affordable 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 Am Affordable Housing Inc?
Am Affordable Housing Inc's mission is centered around providing assistance to those in need, specifically low-income and elderly individuals. The organization operates under Florida's non-profit corporation law, allowing it to engage in various lawful activities that align with its purpose. Its primary focus is to develop and maintain safe, affordable housing in Florida. Beyond this, the corporation offers educational, supportive, and referral services to these groups, ensuring they have the necessary resources to thrive. These services are tailored to the specific needs of low-income and elderly individuals, contributing to their overall well-being.
Who is the CEO of Am Affordable Housing Inc?
Alonzo Mourning is the President of Am Affordable Housing Inc.
What is the revenue of Am Affordable Housing Inc?
Am Affordable Housing Inc's revenue in 2022 was $1,484,742.
Who are the executives of Am Affordable Housing Inc and what are their salaries?
There 3 volunteers at Am Affordable Housing Inc.
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 Am Affordable Housing Inc?
Am Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Am Affordable Housing Inc
Am Affordable Housing Inc, a non-profit organization, is dedicated to providing financial and various forms of assistance to those in need and the disadvantaged. The primary mission of this organization is to develop and maintain safe, affordable housing for low-income and elderly individuals in Florida. Beyond this, Am Affordable Housing Inc also offers educational, supportive, and referral services to these individuals as necessary and appropriate. These services aim to aid in the overall accomplishment of their mission, ensuring that the organization is operating within the legal parameters set by the Non-Profit Corporation Law of Florida. By providing these comprehensive services, Am Affordable Housing Inc strives to make a significant impact in the lives of those who need it most.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Am Affordable Housing Inc's impact lies in its dedication to providing safe and affordable housing for low-income and elderly individuals in the state of Florida. By developing and maintaining affordable housing options, this organization ensures that those in need have access to a basic human necessity. Additionally, they offer educational, supportive, and referral services to further assist this demographic, enhancing their quality of life and overall well-being. Through their mission to provide financial and other assistance to the disadvantaged, Am Affordable Housing Inc plays a crucial role in addressing housing insecurity and promoting a more equitable society.
This information is meant to be a general summary of Am Affordable 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.
- Investment Income: $6,295
- Program Service Revenue: $1,478,447
- Gross Receipts: $1,484,742
Assets and Liabilities:
- Total Assets: $1,150,067
- Total Liabilities: $0
- Net Assets: $1,150,067
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$924,249
RENTAL INCOME
Revenue
$365,323
K-1 FLOW THROUGH INCOM
Revenue
$188,875
Organization Details
Founding Year
2008
Phone
(305) 529-9506Principal Officer
Alonzo Mourning
Main Address
3109 GRAND AVE PMB 447, COCONUT GROVE, FL, 33133
NTEE Category
Code: L21 - Housing
If you are a representative of Am Affordable Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.