Overview
What is Monadnock Affordable Housing Corporation C/O Keene Housing?
Monadnock Affordable Housing Corporation C/O Keene Housing is a nonprofit organization situated in Keene, New Hampshire. Their primary mission involves providing affordable housing solutions and management services to other non-profit organizations. By doing so, they aim to accommodate low-income individuals, ensuring they have access to suitable housing options. Their operations are carried out at 831 Court Street, Keene, NH, 03431. The corporation manages and maintains low-income housing projects, ensuring these facilities are well-maintained and functional for their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Monadnock Affordable Housing Corporation C/O Keene Housing has received a solid Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial health. The organization boasts an 89% score in Accountability & Finance, showcasing its commitment to transparency and responsible management of resources. Notably, it has achieved a perfect score for having 100% independent board members and fully complies with essential policies, including conflict of interest and whistleblower protections.
The charity demonstrates strong financial practices, evidenced by its high program expense ratio of 93.96%, which indicates that a significant portion of its expenses directly supports its mission. Additionally, the organization has received top marks for its audited financial statements and the absence of material diversion of assets, reinforcing its reliability and trustworthiness.
However, the liabilities to assets ratio stands at 56.07%, which, while not alarming, suggests a need for continued monitoring of financial stability. Overall, Monadnock Affordable Housing Corporation appears to be a well-managed nonprofit with a strong focus on fulfilling its mission while maintaining accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Monadnock Affordable Housing Corporation C/O Keene Housing legitimate?
Monadnock Affordable Housing Corporation C/O Keene Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monadnock Affordable Housing Corporation C/O Keene Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Monadnock Affordable Housing Corporation C/O Keene Housing?
Monadnock Affordable Housing Corporation, operating under Keene Housing, is dedicated to providing affordable housing solutions for individuals with limited income. Beyond this, they also manage and maintain low-income housing projects. Furthermore, they offer their expertise in housing management and maintenance services to other non-profit organizations. Their primary goal is to ensure that affordable housing is accessible to those who need it, thereby contributing to a more equitable living environment.
Who is the CEO of Monadnock Affordable Housing Corporation C/O Keene Housing?
Linda Griffin is the Chairperson of Monadnock Affordable Housing Corporation C/O Keene Housing.
What is the revenue of Monadnock Affordable Housing Corporation C/O Keene Housing?
Monadnock Affordable Housing Corporation C/O Keene Housing's revenue in 2022 was $5,603,339.
Who are the executives of Monadnock Affordable Housing Corporation C/O Keene Housing and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Monadnock Affordable Housing Corporation C/O Keene Housing?
Monadnock Affordable Housing Corporation C/O Keene Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monadnock Affordable Housing Corporation C/O Keene Housing
Monadnock Affordable Housing Corporation C/O Keene Housing is a non-profit organization dedicated to a noble mission. Its primary focus is to provide affordable housing solutions for individuals with low income. Going beyond just offering housing, the corporation also manages and maintains these housing projects with utmost care. Furthermore, Monadnock Affordable Housing Corporation C/O Keene Housing extends its services to other non-profit organizations, offering expertise in housing management and maintenance. By doing so, it contributes significantly to the wider community, ensuring that various organizations can provide affordable housing to those in need.
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Impact
July, 2024
Monadnock Affordable Housing Corporation C/O Keene Housing's impact lies in providing affordable housing to low-income individuals, as well as offering essential management and maintenance services for low-income housing projects. By fulfilling this mission, they contribute significantly to addressing the crucial need for accessible housing options for those with limited financial resources in the Keene area. Their dedication to ensuring people have safe and affordable places to live is a vital aspect of community development and social welfare in the region.
This information is meant to be a general summary of Monadnock Affordable Housing Corporation C/O Keene Housing. 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 2022.
- Investment Income: $29,072
- Program Service Revenue: $1,990,840
- Gross Receipts: $5,716,073
Assets and Liabilities:
- Total Assets: $30,477,910
- Total Liabilities: $17,091,676
- Net Assets: $13,386,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$1,557,616
MANAGEMENT SERVICES
Revenue
$386,634
LAUNDRY/VENDING/MISC.
Revenue
$46,590
Organization Details
Founding Year
1999
Phone
(603) 352-6161Principal Officer
Linda Griffin
Main Address
831 COURT STREET, KEENE, NH, 03431
NTEE Category
Code: L20 - Housing
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