Overview
What is The Housing Foundation-Disp?
The Housing Foundation-Disp is a nonprofit organization situated in Orono, Maine, with a specific focus on providing low-income housing. They manage two residential facilities: Deer Run Apartments, a 24-unit complex in Deer Isle, and Benjamin River Apartments, a 16-unit building in Sedgwick. The organization's mission is to offer affordable housing options and related management services through HUD 223(f) programs. By providing these facilities, The Housing Foundation-Disp contributes to enhancing living conditions for low-income individuals in the surrounding areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
The Housing Foundation-Disp has received a Two-Star rating with an overall score of 67%, reflecting a strong focus on accountability and finance. The organization's rating is derived entirely from its performance in this area, and it excels in key aspects such as having a fully independent board and thorough financial audits, which indicates good governance practices.
Strengths include a complete commitment to program expenses, with 100% directed towards its mission. The organization scored maximum points for independent board representation and documented board meeting minutes, which are indicators of transparency and effective oversight. Additionally, there are no reported material diversions of assets, further showcasing financial integrity.
However, while the metrics highlight solid principles in governance and finance, the overall score suggests there may be areas for improvement beyond financial accountability. Potential donors and stakeholders may want to look for additional information on program impact and service delivery to fully assess the foundation's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Foundation-Disp legitimate?
The Housing Foundation-Disp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Foundation-Disp 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: $3,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,061
For more financial information, click here
What is the mission statement of The Housing Foundation-Disp?
The Housing Foundation-Disp's mission is centered around providing low-income housing and related management services. This organization has established two facilities to accommodate this mission, namely Deer Run Apartments with 24 units in Deer Isle, Maine, and Benjamin River Apartments with 16 units in Sedgwick, Maine. The foundation aims to contribute to the housing needs of individuals with limited financial resources, providing them with suitable living spaces.
Who is the CEO of The Housing Foundation-Disp?
Duska Hayman is the Director of The Housing Foundation-Disp.
What is the revenue of The Housing Foundation-Disp?
The Housing Foundation-Disp's revenue in 2023 was $618,383.
Who are the executives of The Housing Foundation-Disp and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for The Housing Foundation-Disp?
The Housing Foundation-Disp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Housing Foundation-Disp
The Housing Foundation-Disp, as an organization, is committed to providing low-income housing and the associated management services. In pursuit of this mission, they operate two facilities: Deer Run Apartments, a 24-unit complex located in Deer Isle, Maine, and Benjamin River Apartments, a 16-unit property situated in Sedgwick, Maine. By offering these housing units, The Housing Foundation-Disp aims to cater to the needs of individuals with limited financial resources, providing them with a secure and comfortable living environment.
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Impact
July, 2024
The Housing Foundation-Disp's impact is significant in providing low-income housing through its HUD 223(f) properties. Specifically, the organization manages a 24 unit facility called Deer Run Apartments in Deer Isle, Maine, and a 16 unit facility called Benjamin River Apartments in Sedgwick, Maine. These properties offer much-needed affordable housing options for individuals and families in need.
This information is meant to be a general summary of The Housing Foundation-Disp. 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: $969
- Program Service Revenue: $613,119
- Gross Receipts: $618,383
Assets and Liabilities:
- Total Assets: $2,615,850
- Total Liabilities: $2,995,960
- Net Assets: -$380,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD Assistance
Revenue
$438,420
TENANT RENT
Revenue
$174,699
Organization Details
Founding Year
1969
Phone
(207) 866-4634Principal Officer
Duska Hayman
Main Address
353 MAIN STREET, ORONO, ME, 04473
NTEE Category
Code: L210 - Housing
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