Overview
What is Intercontinental Affordable Housing Inc?
Intercontinental Affordable Housing Inc, based in Long Beach, California, is a nonprofit organization with a mission to provide affordable housing solutions for low-income families, disabled, and elderly individuals. This mission is accomplished through various activities such as developing, owning, and managing housing projects that cater to this demographic. With a team of seven dedicated individuals, this organization works tirelessly to construct, rehabilitate, and manage qualified housing units, ensuring they remain accessible and affordable for those in need.
Official website here: www.iahinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Intercontinental Affordable Housing Inc has received a Three-Star rating from Charity Navigator, with an overall score of 77%. This rating primarily reflects the organization's strong accountability and financial practices, which are essential for building trust with donors and stakeholders. The fiscal year 2022 data indicates that the organization has a solid financial footing, demonstrated by a low liabilities to assets ratio of just 0.06% and a high program expense ratio of 85.88%, signifying that a significant portion of its expenditures goes directly to its programs.
The organization's governance structure is also commendable, featuring a fully independent board with 100% independent members, which speaks to its commitment to transparency and ethical management. Key policies, such as conflict of interest and whistleblower protections, are in place, which enhances its accountability. The board meeting minutes are documented, further assuring stakeholders about the organization's operations.
However, while the financial and governance aspects are strong, potential donors might want to look for additional information about program effectiveness and impact outcomes. Overall, Intercontinental Affordable Housing Inc demonstrates solid financial health and governance practices, making it a reasonable choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is Intercontinental Affordable Housing Inc legitimate?
Intercontinental Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Intercontinental 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: $127,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,377
For more financial information, click here
Official website here: www.iahinc.org
What is the mission statement of Intercontinental Affordable Housing Inc?
Intercontinental Affordable Housing Inc's mission is centered around providing support and creating affordable housing opportunities. The organization is committed to fostering and developing qualified housing units for low-income families, individuals with disabilities, and the elderly. Their activities encompass constructing, acquiring, rehabilitating, managing, and operating these affordable housing projects to ensure they are accessible to those in need. The goal is to improve living situations and provide a sense of security for these communities.
Official website here: www.iahinc.org
Who is the CEO of Intercontinental Affordable Housing Inc?
Marco Gomez is the President of Intercontinental Affordable Housing Inc.
Official website here: www.iahinc.org
What is the revenue of Intercontinental Affordable Housing Inc?
Intercontinental Affordable Housing Inc's revenue in 2022 was $1,323,951.
Official website here: www.iahinc.org
Who are the executives of Intercontinental Affordable Housing Inc and what are their salaries?
The average compensation at Intercontinental Affordable Housing Inc during 2022 was $50,018. There are 7 employees and 30 volunteers at Intercontinental Affordable Housing Inc.
Here are 5 key members and their salaries:
- Compensation: $91,000
- Related: $0
- Other: $0
- Compensation: $36,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iahinc.org
Where can I find the form 990 for Intercontinental Affordable Housing Inc?
Intercontinental Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iahinc.org
Learn more at the official website: www.iahinc.org
Mission Statement of Intercontinental Affordable Housing Inc
Intercontinental Affordable Housing Inc is dedicated to promoting and sustaining affordable housing options for low-income families, individuals with disabilities, and the elderly. This mission is accomplished through various activities, including fostering, supporting, constructing, developing, acquiring, rehabilitating, managing, and operating qualified affordable housing projects. The organization's primary goal is to provide a secure living environment for those in need, ensuring that they have access to essential housing without the financial burden often associated with it. By developing, owning, and managing these projects, Intercontinental Affordable Housing Inc plays a crucial role in improving the living conditions of countless individuals, thereby contributing to a more equitable society.
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Impact
July, 2024
Intercontinental Affordable Housing Inc's impact is evident in its efforts to foster, support, construct, develop, acquire, rehabilitate, manage, and operate qualified affordable housing for low-income families, disabled, and elderly individuals. By developing, owning, and managing affordable housing projects in Long Beach, CA, the organization is directly contributing to addressing the housing needs of underserved populations. Through their mission, Intercontinental Affordable Housing Inc is making a tangible difference in providing housing opportunities for those who might otherwise struggle to afford suitable living arrangements.
This information is meant to be a general summary of Intercontinental 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.
- Program Service Revenue: $1,323,951
- Gross Receipts: $1,323,951
Assets and Liabilities:
- Total Assets: $36,030,853
- Total Liabilities: $22,922
- Net Assets: $36,007,931
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIHTC Program Income
Revenue
$1,323,951
Organization Details
Founding Year
1983
Phone
(562) 826-7259Principal Officer
Marco Gomez
Main Address
3553 Atlantic Avenue Ste 250, Long Beach, CA, 90807
Website
www.iahinc.orgNTEE Category
Code: L21Z - Housing
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