Overview
What is Mckinney Rhf Housing Inc?
Mckinney Rhf Housing Inc, established in accordance with Texas's nonprofit statutes, is a dedicated organization aimed at providing housing for low-income elderly individuals. Situated in McKinney, Texas, the corporation operates a 46-unit project called Towne Creek Apartments. This project is in compliance with Section 202 of the National Housing Act, offering suitable living spaces for the specified demographic. In 2015, the organization refinanced its original mortgage under Section 207, in accordance with Section 223(F) of the same act. This nonprofit's mission is to ensure comfortable and secure housing for the elderly, contributing positively to their well-being.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
McKinney Rhf Housing Inc received a respectable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial management. With an overall score of 81%, the organization demonstrates a commitment to transparency, evidenced by 100% independent board membership and a comprehensive set of policies, including conflict of interest and whistleblower protections.
The charity's financial efficiency is notable, with a program expense ratio of 92.80%, suggesting that a significant portion of their resources is directed towards fulfilling their mission. Additionally, their financial oversight is bolstered by an audit and oversight committee that scored a perfect 15 out of 15 points, further enhancing confidence in their fiscal management.
While the organization showcases strong governance and financial practices, it's essential for potential donors to consider the overall impact and effectiveness of the programs being funded. No specific limitations were noted in the data, highlighting a generally positive view of McKinney Rhf Housing Inc's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Mckinney Rhf Housing Inc legitimate?
Mckinney Rhf Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mckinney Rhf 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
Official website here: www.rhf.org
What is the mission statement of Mckinney Rhf Housing Inc?
Mckinney Rhf Housing Inc, a not-for-profit corporation, was established with the objective of providing housing for low-income elderly individuals. This objective is fulfilled through the operation of a 46-unit project called Towne Creek Apartments, located in an undisclosed location, in compliance with Section 202 of the National Housing Act. In 2015, the original mortgage for this project was refinanced under Section 207, as permitted by Section 223(F) of the National Housing Act. The corporation's primary focus remains on ensuring affordable housing for its intended population.
Official website here: www.rhf.org
Who is the CEO of Mckinney Rhf Housing Inc?
Hartman Stuart J is the CEO of Mckinney Rhf Housing Inc The CEO's salary of Mckinney Rhf Housing Inc is $0 and their total compensation is $682,064.
Official website here: www.rhf.org
What is the revenue of Mckinney Rhf Housing Inc?
Mckinney Rhf Housing Inc's revenue in 2023 was $542,499.
Official website here: www.rhf.org
Who are the executives of Mckinney Rhf Housing Inc and what are their salaries?
Here are 34 key members and their salaries (Mckinney Rhf Housing Inc's CEO's salary is $0 and their total compensation is $682,064):
- Compensation: $0
- Related: $608,035
- Other: $74,029
- Compensation: $0
- Related: $442,308
- Other: $43,069
- Compensation: $0
- Related: $313,582
- Other: $17,519
- Compensation: $0
- Related: $242,812
- Other: $11,672
- Compensation: $0
- Related: $239,282
- Other: $29,102
- Compensation: $0
- Related: $235,353
- Other: $42,526
- Compensation: $0
- Related: $231,220
- Other: $42,394
- Compensation: $0
- Related: $218,679
- Other: $16,908
- Compensation: $0
- Related: $214,343
- Other: $15,930
- Compensation: $0
- Related: $195,871
- Other: $18,163
- Compensation: $0
- Related: $196,730
- Other: $13,455
- Compensation: $0
- Related: $167,122
- Other: $5,014
- Compensation: $0
- Related: $165,017
- Other: $12,398
- Compensation: $0
- Related: $161,428
- Other: $13,535
- Compensation: $0
- Related: $160,693
- Other: $4,725
- Compensation: $0
- Related: $162,871
- Other: $13,914
- Compensation: $0
- Related: $161,559
- Other: $15,584
- Compensation: $0
- Related: $158,830
- Other: $21,653
- Compensation: $0
- Related: $156,800
- Other: $12,888
- Compensation: $0
- Related: $150,563
- Other: $9,786
- Compensation: $0
- Related: $151,621
- Other: $16,442
- Compensation: $0
- Related: $148,565
- Other: $4,498
- Compensation: $0
- Related: $147,762
- Other: $5,391
- Compensation: $0
- Related: $147,683
- Other: $14,966
- Compensation: $0
- Related: $149,091
- Other: $3,501
- Compensation: $0
- Related: $145,806
- Other: $13,849
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.rhf.org
Where can I find the form 990 for Mckinney Rhf Housing Inc?
Mckinney Rhf Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Mckinney Rhf Housing Inc
Mckinney Rhf Housing Inc, a not-for-profit corporation, was established in compliance with Texas's not-for-profit statutes. Its primary purpose is to manage a 46-unit housing project named Towne Creek Apartments, situated in McKinney, Texas. This project is designed to provide affordable housing for low-income elderly individuals, in accordance with Section 202 of the National Housing Act. In the year ending November 30, 2015, the original mortgage was refinanced under Section 207, following guidelines set by Section 223(F) of the National Housing Act. This refinancing process further solidified Mckinney Rhf Housing Inc's commitment to providing sustainable and affordable housing for its elderly residents.
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Impact
July, 2024
Mckinney Rhf Housing Inc's impact lies in providing essential housing support for low-income elderly individuals in McKinney, Texas. Through the operation of the Towne Creek Apartments, this organization plays a crucial role in ensuring that this vulnerable demographic has access to safe and affordable housing options. By offering this stable living environment, Mckinney Rhf Housing Inc contributes to enhancing the quality of life and well-being of elderly residents who may otherwise struggle to find suitable accommodation. This impact aligns with the organization's mission of addressing the housing needs of low-income individuals, particularly the elderly, and underscores the vital role of nonprofits in serving marginalized communities.
This information is meant to be a general summary of Mckinney Rhf 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 2023.
- Investment Income: $3,126
- Program Service Revenue: $137,939
- Gross Receipts: $542,499
Assets and Liabilities:
- Total Assets: $1,731,941
- Total Liabilities: $1,984,537
- Net Assets: -$252,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$137,939
Organization Details
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