Overview
What is Nutfield Heights Inc?
Nutfield Heights Inc is a nonprofit organization situated in Derry, New Hampshire, specifically at 3 Hood Road. Their primary mission is to provide housing for individuals with low and moderate incomes, overseen by the U.S. Department of HUD. With this objective, they manage and operate 80 subsidized housing units, offering a stable living environment to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Nutfield Heights Inc has earned a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity’s overall score is based solely on its Accountability & Finance metrics, reflecting a solid commitment to financial integrity and transparency. The organization has demonstrated excellence by scoring 100% in key areas such as independent board membership and material diversion of assets.
The composition of the board is particularly commendable, as all members are independent, which enhances governance and oversight. The organization has also successfully maintained a low liabilities-to-assets ratio, showcasing its financial health. Additionally, Nutfield Heights Inc ensures that its financial statements are rigorously audited, underlining its dedication to accountability.
While the charity has strengths in financial management and governance, the data does not provide insight into its programmatic impact or community engagement. This limitation suggests that while the organization is financially sound, potential supporters may want to seek additional information regarding its overall effectiveness and mission outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Nutfield Heights Inc legitimate?
Nutfield Heights Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nutfield Heights 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:
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What is the mission statement of Nutfield Heights Inc?
Nutfield Heights Inc's mission is centered around providing housing solutions for individuals with moderate to low income. They accomplish this through their ownership and operation of 80 subsidized housing units, which are overseen by the United States Department of Housing and Urban Development. The organization's primary goal is to make affordable housing available to those who require it, contributing to a more equitable living situation for these individuals. Nutfield Heights Inc's efforts aim to provide a stable living environment, thus contributing to the well-being and overall quality of life for its residents.
Who is the CEO of Nutfield Heights Inc?
Charles Varney is the Vice President of Nutfield Heights Inc.
What is the revenue of Nutfield Heights Inc?
Nutfield Heights Inc's revenue in 2023 was $1,168,793.
Who are the executives of Nutfield Heights Inc and what are their salaries?
There 7 volunteers at Nutfield Heights Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Nutfield Heights Inc?
Nutfield Heights Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nutfield Heights Inc
Nutfield Heights Inc, as a nonprofit organization, is dedicated to providing housing solutions for individuals with low and moderate incomes. In line with its mission, Nutfield Heights Inc assumes the ownership and operation of 80 units of subsidized housing, overseen by the United States Department of Housing and Urban Development (HUD). This commitment to affordable housing enables individuals who may otherwise struggle with housing costs to secure a safe and stable living environment. By providing subsidized housing, Nutfield Heights Inc plays a significant role in promoting social equity and ensuring that everyone, regardless of financial status, has access to basic necessities.
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Impact
July, 2024
Nutfield Heights Inc provides essential housing for low and moderate-income individuals in Derry, New Hampshire. With the ownership and operation of 80 units of subsidized housing under the US Department of Housing and Urban Development (HUD), Nutfield Heights Inc plays a crucial role in ensuring that vulnerable populations have access to safe and affordable housing options. Through their mission to provide housing for those in need, Nutfield Heights Inc directly impacts the lives of individuals and families by offering them a stable and supportive living environment. Their work contributes to the overall well-being of the community by addressing the pressing issue of housing insecurity among low-income residents.
This information is meant to be a general summary of Nutfield Heights 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: $3,167
- Program Service Revenue: $1,101,894
- Gross Receipts: $1,168,793
Assets and Liabilities:
- Total Assets: $1,848,770
- Total Liabilities: $535,058
- Net Assets: $1,313,712
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT SUBSIDIES
Revenue
$696,277
TENANT RENTS
Revenue
$405,617
Organization Details
Founding Year
1974
Phone
(603) 432-7557Principal Officer
Charles Varney
Main Address
3 HOOD ROAD, DERRY, NH, 03038
NTEE Category
Code: L21 - Housing
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