Overview
What is Housing Trust Of Rutland County Inc?
Housing Trust of Rutland County Inc is a nonprofit organization situated in Rutland, Vermont. With a mission to help lower-income individuals and families, the organization primarily accomplishes this by seeking grants and low-interest loans from resource providers serving Vermont. These financial aids help minimize or eliminate debt service associated with properties, thereby reducing their operating costs. As a result, the organization provides and preserves affordable, safe, decent, and attractive housing options for the community. With a team of 25 employees, Housing Trust of Rutland County Inc plays a pivotal role in ensuring access to housing for those in need.
Official website here: www.housingrutland.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator.
Housing Trust of Rutland County Inc has achieved an impressive Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance as well as its commitment to community engagement. The organization scored 83% in Accountability & Finance, with specific strengths in its independent board composition and effective oversight practices. Notably, the organization has no material diversion of assets, indicating a solid financial integrity.
In terms of culture and community, the nonprofit received a perfect score of 100%, showcasing its dedication to stakeholder engagement and feedback collection. The organization not only gathers feedback effectively but also utilizes it to inform its practices, demonstrating an adaptive and responsive approach to community needs. The implementation of equitable strategies further underscores its commitment to inclusivity and impact.
While the data is overwhelmingly positive, the limited discussion of specific program outcomes or impact metrics could be a point of interest for potential donors looking for detailed insights into the effectiveness of its programs. Overall, Housing Trust of Rutland County Inc exemplifies strong governance and community involvement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Housing Trust Of Rutland County Inc?
78% of 11 reviewers on Facebook recommend Housing Trust of Rutland County Inc. Here's a summary of their thoughts:
The feedback highlights that many residents appreciate their living conditions, mentioning that the apartments are nice and well-maintained. Satisfaction with the environment and facilities provided by the nonprofit is a common theme, suggesting that they deliver a positive living experience for tenants.
Overall, it seems that the nonprofit is viewed favorably by those who have utilized their services, reflecting a commitment to providing quality housing options for the community.
This AI summary has been generated from reviews found on Facebook.
Is Housing Trust Of Rutland County Inc legitimate?
Housing Trust Of Rutland County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Trust Of Rutland County 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: $250,029
Professional Fundraising Fees: $0
Other Salaries and Wages: $677,100
For more financial information, click here
Official website here: www.housingrutland.org
What is the mission statement of Housing Trust Of Rutland County Inc?
The Housing Trust of Rutland County Inc's mission is centered around assisting individuals and families with lower income levels. The organization strives to provide and preserve affordable housing options that are safe, decent, and attractive. This is primarily achieved by securing grants and low-interest loans from resource providers serving Vermont. The received grants and loans help minimize or eliminate debt service associated with properties, thereby reducing the operating costs of housing for lower-income families and individuals.
Official website here: www.housingrutland.org
Who is the CEO of Housing Trust Of Rutland County Inc?
Mary Cohen is the Director of Housing Trust Of Rutland County Inc.
Official website here: www.housingrutland.org
What is the revenue of Housing Trust Of Rutland County Inc?
Housing Trust Of Rutland County Inc's revenue in 2022 was $2,048,290.
Official website here: www.housingrutland.org
Who are the executives of Housing Trust Of Rutland County Inc and what are their salaries?
The average compensation at Housing Trust Of Rutland County Inc during 2022 was $37,085. There are 25 employees at Housing Trust Of Rutland County Inc.
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- Compensation: $48,090
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- Compensation: $81,891
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Official website here: www.housingrutland.org
Where can I find the form 990 for Housing Trust Of Rutland County Inc?
Housing Trust Of Rutland County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingrutland.org
Learn more at the official website: www.housingrutland.org
Mission Statement of Housing Trust Of Rutland County Inc
Housing Trust of Rutland County Inc is a nonprofit organization dedicated to assisting lower-income individuals and families by ensuring they have affordable access to safe, decent, and attractive housing. They accomplish this mission primarily by seeking grants and low-interest loans from resource providers serving Vermont. These financial aid sources either minimize or eliminate the debt service associated with subject properties, consequently reducing the operating costs of housing for those in need. By doing so, Housing Trust of Rutland County Inc plays a significant role in making housing more affordable for lower-income families and individuals.
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Impact
July, 2024
Housing Trust Of Rutland County Inc's impact is significant in providing and preserving affordable access to safe, decent, and attractive housing for lower income people in Rutland, Vermont. Through their rental program and ground lease program, the organization reduces operating costs of housing for lower income families and individuals by soliciting grants and low-interest loans. By minimizing or eliminating debt service associated with subject properties, the Housing Trust Of Rutland County Inc plays a crucial role in addressing housing affordability issues in the region.
This information is meant to be a general summary of Housing Trust Of Rutland County 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 2022.
- Investment Income: $63,054
- Program Service Revenue: $1,399,824
- Gross Receipts: $2,048,290
Assets and Liabilities:
- Total Assets: $13,052,909
- Total Liabilities: $3,961,065
- Net Assets: $9,091,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT
Revenue
$661,832
TENANT RENT
Revenue
$659,818
DEVELOPMENT FEES
Revenue
$128,100
MISCELLANEOUS
Revenue
$66,964
INVESTMENT ACTIVITY -
Revenue
-$116,890
Organization Details
Founding Year
1980
Phone
(802) 775-3139Principal Officer
Mary Cohen
Main Address
27 WALES STREET SUITE 201, RUTLAND, VT, 05701
Website
www.housingrutland.orgNTEE Category
Code: L200 - Housing
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