Overview
What is Sonata Housing Inc?
Sonata Housing Inc, located in Center Conway, New Hampshire, is a nonprofit organization with a mission to provide suitable housing for individuals who are developmentally and physically disabled, as well as for the elderly and those with low income. With only two employees, this organization is dedicated to offering housing solutions to these vulnerable populations, aiming to improve their overall quality of life. Sonata Housing Inc's activities focus on ensuring that everyone has access to safe and appropriate living spaces, thereby promoting a sense of dignity and independence for its beneficiaries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Sonata Housing Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 86%. The organization demonstrates strong accountability and financial health, with an impressive program expense ratio of 94.71%, indicating that a significant majority of its expenses are directed towards its mission-driven activities. Additionally, Sonata Housing boasts a fully independent board, with all members meeting the criteria for independence.
While Sonata Housing displays commendable strengths, there are some areas for improvement. Notably, the organization is missing a whistleblower policy and a document retention and destruction policy, which are important for governance and transparency. However, it has effectively managed its financial liabilities, maintaining a healthy liabilities-to-assets ratio of 49.04%, which further underscores its financial stability.
Overall, Sonata Housing Inc appears to be a well-managed nonprofit with a strong focus on its mission, although addressing the noted governance gaps could enhance its operational transparency and credibility even further.
This AI summary has been generated from information found on Charity Navigator.
Is Sonata Housing Inc legitimate?
Sonata Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sonata 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: $116,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,456
For more financial information, click here
What is the mission statement of Sonata Housing Inc?
Sonata Housing Inc is dedicated to providing housing solutions for individuals who are developmentally and physically disabled, elderly, and those with low income. Their mission is primarily focused on ensuring that appropriate housing is available for this group of people. By doing so, they aim to contribute positively to their living conditions and overall well-being. The organization's activities revolve around providing housing solutions, ensuring that these individuals have a safe and comfortable place to call home.
Who is the CEO of Sonata Housing Inc?
Carol Gregory is the President of Sonata Housing Inc.
What is the revenue of Sonata Housing Inc?
Sonata Housing Inc's revenue in 2023 was $520,491.
Who are the executives of Sonata Housing Inc and what are their salaries?
The average compensation at Sonata Housing Inc during 2023 was $61,369. There are 2 employees at Sonata Housing Inc.
Here are 7 key members and their salaries:
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- Compensation: $116,282
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- Other: $0
Where can I find the form 990 for Sonata Housing Inc?
Sonata Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sonata Housing Inc
Sonata Housing Inc, as a nonprofit organization, is committed to providing housing solutions for individuals who are developmentally and physically disabled, the elderly, and those with low income. Its mission is to ensure that these vulnerable groups have access to appropriate housing, offering them a safe and comfortable living environment. By providing housing, Sonata Housing Inc aims to improve the quality of life for these individuals, enabling them to live with dignity and independence. The organization's efforts are focused on meeting the unique needs of these populations, striving to create an inclusive and supportive community where everyone can thrive.
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Impact
July, 2024
Sonata Housing Inc has a significant impact on the community by providing appropriate housing for the developmentally and physically disabled, elderly, and those with low income in Center Conway, NH. Through its mission to offer housing to these vulnerable populations, Sonata Housing Inc plays a crucial role in ensuring that individuals in need have access to safe and comfortable living arrangements. This impact extends beyond just providing shelter, as it contributes to the overall well-being and quality of life of those it serves.
This information is meant to be a general summary of Sonata 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: $25
- Program Service Revenue: $96,928
- Gross Receipts: $520,491
Assets and Liabilities:
- Total Assets: $561,232
- Total Liabilities: $275,250
- Net Assets: $285,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$96,928
Organization Details
Founding Year
1980
Phone
(603) 447-6827Principal Officer
Carol Gregory
Main Address
PO BOX 746, CENTER CONWAY, NH, 03813
NTEE Category
Code: P70Z - Human services
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