Overview
What is The Housing Partnership?
The Housing Partnership, situated in Portsmouth, New Hampshire, is a nonprofit organization dedicated to enriching the communities of the Greater Seacoast region in New Hampshire and Southern Maine. Their primary mission is to foster diverse housing opportunities, employing innovative approaches to development, and practicing responsible stewardship of their housing assets. Their commitment to economic sustainability, economic and social diversity, and smart growth culminates in housing that strengthens the fabric of communities. The organization manages and oversees 252 affordable apartments and one commercial unit across various locations, including Dover, Exeter, Farmington, Lee, Rollinsford, Rye, Kennebunk, Eliot, and South Berwick. With a team of three dedicated individuals, The Housing Partnership contributes significantly to the regional housing landscape.
Official website here: www.housingpartnership.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88%, Three-Star out of Four Star rating.
The Housing Partnership has received a solid rating of 88%, reflecting strong accountability and financial management. The organization excels in maintaining an independent board, with 100% of its board members being independent, which enhances governance and oversight. Their financial oversight is commendable, as indicated by the perfect scores in areas such as material diversion of assets and their audit committee.
Despite these strengths, the organization has room for improvement in its policies, particularly the absence of a whistleblower policy. This could be a concern for transparency and accountability, especially when it comes to safeguarding employees and stakeholders. Overall, The Housing Partnership demonstrates a commitment to responsible financial practices, but addressing its policy gaps could further strengthen its standing.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Partnership legitimate?
The Housing Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Partnership 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: $154,547
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,316
For more financial information, click here
Official website here: www.housingpartnership.org
What is the mission statement of The Housing Partnership?
The Housing Partnership, as an organization, is committed to enhancing the communities in the Greater Seacoast region of New Hampshire and Southern Maine. Their mission is to foster diverse housing opportunities by employing innovative development approaches and practicing responsible stewardship of their housing projects. They place high importance on economic sustainability, economic and social diversity, and smart growth. By upholding these values, The Housing Partnership develops housing that enriches the fabric of the communities they serve.
Official website here: www.housingpartnership.org
What is the revenue of The Housing Partnership?
The Housing Partnership's revenue in 2023 was $659,312.
Official website here: www.housingpartnership.org
Who are the executives of The Housing Partnership and what are their salaries?
The average compensation at The Housing Partnership during 2023 was $113,954. There are 3 employees and 13 volunteers at The Housing Partnership.
Here are 8 key members and their salaries:
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- Compensation: $156,405
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- Other: $12,543
Official website here: www.housingpartnership.org
Where can I find the form 990 for The Housing Partnership?
The Housing Partnership's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.housingpartnership.org
Learn more at the official website: www.housingpartnership.org
Mission Statement of The Housing Partnership
The Housing Partnership, with a mission in the greater Seacoast region of New Hampshire and Southern Maine, aims to strengthen its communities by creating diverse housing opportunities. Through innovative approaches to development and the practice of strong stewardship of its housing, the organization seeks to foster economic sustainability, economic and social diversity, and smart growth. By upholding these values, The Housing Partnership develops housing that enhances the fabric of its communities.
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Impact
July, 2024
The Housing Partnership strengthens communities in the Greater Seacoast region of New Hampshire and Southern Maine by creating diverse housing opportunities, utilizing innovative development approaches, and practicing strong stewardship of housing. They own and manage 252 affordable apartments and 1 commercial unit across multiple cities in the region, including Portsmouth. Their focus on economic sustainability, diversity, and smart growth helps create housing that enhances the fabric of communities.
This information is meant to be a general summary of The Housing Partnership. 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: $25,201
- Program Service Revenue: $530,171
- Gross Receipts: $1,429,667
Assets and Liabilities:
- Total Assets: $10,503,936
- Total Liabilities: $5,202,601
- Net Assets: $5,301,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$400,640
INCENTIVE MANAGEMENT FEE
Revenue
$48,647
CAPITAL DISTRIBUTIONS
Revenue
$45,572
INTEREST ON PROGRAM LOANS
Revenue
$21,201
HOMEWARD BOUND SEMINAR FEES
Revenue
$14,111
Organization Details
Founding Year
1988
Principal Officer
Marty Chapman
Website
www.housingpartnership.orgNTEE Category
Code: L200 - Housing
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