Overview
What is Norwich Housing Corporation?
Norwich Housing Corporation functions as a non-profit organization, dedicating its efforts to providing affordable living solutions for the elderly population. Situated in South Strafford, Vermont, the corporation owns and operates Norwich Elderly Housing, a 24-unit apartment complex catering to low-income elderly individuals. The organization's mission is centered around offering a secure and comfortable living environment for this demographic, thereby contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Norwich Housing Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored 82% overall, with its rating derived solely from the Accountability & Finance beacon. This high score indicates a strong commitment to transparency and effective financial management within the nonprofit sector.
The organization demonstrates significant strengths, including a fully independent board of directors, with 100% of its members being independent. Additionally, it has received full points for its audit and oversight committee, showing a robust approach to financial governance. Notably, Norwich Housing Corporation has a low liabilities-to-assets ratio of 26.01%, suggesting sound financial health and stability.
While the available data highlights many strengths, there are no additional details on programmatic impact or community feedback, which could provide a more comprehensive understanding of the organization's effectiveness. Overall, the high accountability and finance score is a positive indicator for potential donors and stakeholders interested in supporting Norwich Housing Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Norwich Housing Corporation legitimate?
Norwich Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norwich Housing Corporation 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.
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What is the mission statement of Norwich Housing Corporation?
Norwich Housing Corporation, functioning as a non-profit organization, is dedicated to providing affordable housing solutions for the elderly. Their mission is centered around operating Norwich Elderly Housing, a 24-unit apartment complex located in South Strafford, VT. This mission aims to offer suitable living spaces for elderly individuals who are financially disadvantaged, thereby contributing to their well-being and ensuring they can age comfortably.
What is the revenue of Norwich Housing Corporation?
Norwich Housing Corporation's revenue in 2024 was $546,593.
Who are the executives of Norwich Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Norwich Housing Corporation?
Norwich Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Norwich Housing Corporation
Norwich Housing Corporation, as a non-profit organization, is dedicated to providing affordable living spaces for the elderly. With a mission in mind, the corporation owns and operates Norwich Elderly Housing, a 24-unit apartment building located in South Strafford, VT. This mission is centered around offering affordable housing solutions for elderly individuals, ensuring they have a comfortable and secure living environment. By doing so, Norwich Housing Corporation contributes to the well-being of its elderly residents, enabling them to live with dignity and independence.
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Impact
July, 2024
Norwich Housing Corporation's impact is substantial in providing low-income housing for the elderly in South Strafford, VT. Through its ownership of Norwich Elderly Housing, the organization offers affordable living spaces for elderly individuals in the community. This initiative directly addresses the critical need for accessible and safe housing for elderly residents, contributing positively to their quality of life and well-being. The 24-unit apartment building managed by Norwich Housing Corporation serves as a vital resource for the elderly population in the area, embodying the organization's mission to support this demographic with essential housing services.
This information is meant to be a general summary of Norwich Housing Corporation. 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 2024.
- Investment Income: $1,070
- Program Service Revenue: $111,691
- Gross Receipts: $546,593
Assets and Liabilities:
- Total Assets: $1,655,944
- Total Liabilities: $430,809
- Net Assets: $1,225,135
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$111,640
MISCELLANEOUS
Revenue
$51
Organization Details
Founding Year
2000
Principal Officer
Creigh Moffatt
NTEE Category
Code: L210 - Housing
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