Overview
What is Haven For Affordable Housing Inc?
Haven for Affordable Housing Inc, situated in Encino, California, is a nonprofit organization dedicated to addressing housing needs for families with limited income. Their primary mission revolves around offering affordable housing options for both low-income and moderate-income families. Partnerships with the U.S. Department of Housing and Urban Development (HUD) allow them to provide HUD Section 8 rent-subsidized housing, making housing more accessible and affordable for their target demographic. The corporation's work plays a vital role in supporting families who may otherwise struggle to secure suitable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Haven For Affordable Housing Inc has received a 67% rating from Charity Navigator, resulting in a Two-Star designation. The overall score is predominantly influenced by the accountability and finance metrics, indicating that while there are some strengths, there are significant areas that require improvement. The organization has a fully independent board, which is a positive aspect, ensuring governance and oversight.
Despite the strengths in board independence and a favorable liabilities to assets ratio, the organization faces critical shortcomings. There are no financial statements available, and key policies such as conflict of interest and whistleblower policies are missing. Additionally, the charity's website is not listed on its tax form, and other documentation expected to be publicly available is lacking.
The program expense ratio of 73.54% shows that a substantial portion of its budget is allocated to its programs, which is commendable. However, the lack of transparency and missing operational policies can raise concerns regarding the organization's accountability and overall governance practices. Improvement in these areas could enhance its rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Haven For Affordable Housing Inc legitimate?
Haven For Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haven For 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: $549,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Haven For Affordable Housing Inc?
Haven for Affordable Housing Inc's mission revolves around offering affordable housing solutions to families with low and moderate incomes. Acting as a collaborator in projects that utilize HUD Section 8 rent subsidies, this organization is dedicated to making housing accessible for those who fall under these income brackets. While the specific location of Haven for Affordable Housing Inc was provided, it is not pertinent to the mission statement summary.
Who is the CEO of Haven For Affordable Housing Inc?
Christopher White is the President of Haven For Affordable Housing Inc.
What is the revenue of Haven For Affordable Housing Inc?
Haven For Affordable Housing Inc's revenue in 2023 was $714,819.
Who are the executives of Haven For Affordable Housing Inc and what are their salaries?
The average compensation at Haven For Affordable Housing Inc during 2023 was $137,360. There are 4 employees at Haven For Affordable Housing Inc.
Here are 9 key members and their salaries:
- Compensation: $207,230
- Related: $0
- Other: $0
- Compensation: $102,300
- Related: $0
- Other: $0
- Compensation: $208,910
- Related: $0
- Other: $0
- Compensation: $31,000
- 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
Where can I find the form 990 for Haven For Affordable Housing Inc?
Haven For Affordable Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Haven For Affordable Housing Inc
Haven for Affordable Housing Inc is committed to serving families with low and moderate incomes by offering them affordable housing options. The nonprofit organization fulfills this mission by partnering in projects that provide HUD Section 8 rent-subsidized housing. This initiative ensures that families within this income bracket can secure suitable living spaces, thereby promoting stability and improving their overall quality of life. Haven for Affordable Housing Inc's mission is not just about providing housing; it is about creating opportunities for families to thrive in a safe and affordable living environment. The nonprofit's work contributes to fostering a sense of community and empowerment among the families it serves.
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Impact
July, 2024
Haven For Affordable Housing Inc's impact is significant as it provides low-income housing to families with low and moderate incomes. By partnering in projects that offer HUD Section 8 rent-subsidized housing, they help address the housing needs of vulnerable populations in the community. This organization plays a crucial role in improving the quality of life for individuals and families facing financial hardships by ensuring they have access to affordable and safe housing options. Their work contributes to the overall community improvement efforts in Encino, CA, and beyond.
This information is meant to be a general summary of Haven For 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 2023.
- Investment Income: $24,161
- Program Service Revenue: $722,901
- Gross Receipts: $714,819
Assets and Liabilities:
- Total Assets: $4,184,511
- Total Liabilities: $0
- Net Assets: $4,184,511
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HAVEN ENCINO
Revenue
$284,933
BALDWIN VILLA
Revenue
$54,468
THE PROMENADE
Revenue
$35,283
MIYAKO GARDENS
Revenue
$24,741
BILLY G MILLS
Revenue
$21,918
Organization Details
Founding Year
1991
Phone
(818) 290-7410Principal Officer
Christopher White
Main Address
15760 VENTURA BLVD 700, ENCINO, CA, 91436
NTEE Category
Code: S80Z - Community improvement
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