Overview
What is Gilman Housing Trust Inc?
Gilman Housing Trust Inc, also known as Rural Edge, is a nonprofit organization situated in St. Johnsbury, Vermont. With a mission to serve low-income families in the region, they actively develop, own, and manage affordable residential housing units and related facilities. Their primary goal is to provide a stable living environment for qualified families, ensuring their housing needs are met. With a dedicated team of 68 employees, Gilman Housing Trust Inc plays a crucial role in enhancing the living standards of the community.
Official website here: www.ruraledge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Gilman Housing Trust Inc has achieved an impressive 95% rating from Charity Navigator, reflecting its strong commitment to accountability and transparency. The organization boasts a fully independent board, with 100% of its members being independent, which contributes to its robust governance structure. Additionally, the trust has received full marks in key areas such as financial oversight and conflict of interest policies, showcasing its dedication to responsible management.
The financial health of the organization is commendable, with a low liabilities-to-assets ratio of 50.88% and a high program expense ratio of 85.70%. This indicates that a significant portion of its resources is directed towards its programs, ultimately benefiting those it serves. The trust's adherence to best practices in financial reporting and document retention further strengthens its credibility within the nonprofit sector.
While the data does not highlight any specific limitations, the organization should continue to maintain its rigorous standards to ensure ongoing trust and support from its stakeholders. Overall, Gilman Housing Trust Inc stands out as a well-managed nonprofit with a clear focus on its mission and responsible stewardship of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is Gilman Housing Trust Inc legitimate?
Gilman Housing Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gilman Housing Trust 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: $258,264
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,068,321
For more financial information, click here
Official website here: www.ruraledge.org
What is the mission statement of Gilman Housing Trust Inc?
Gilman Housing Trust Inc's mission is centered around developing, owning, and managing affordable residential housing units and accompanying facilities for eligible low-income families. This organization is dedicated to providing a living solution for those who fall under this income bracket, thereby contributing to a more equitable housing landscape. By undertaking this role, Gilman Housing Trust Inc aims to enhance the living conditions of these families, thereby promoting a sense of stability and well-being.
Official website here: www.ruraledge.org
Who is the CEO of Gilman Housing Trust Inc?
Patrick Shattuck is the President of Gilman Housing Trust Inc.
Official website here: www.ruraledge.org
What is the revenue of Gilman Housing Trust Inc?
Gilman Housing Trust Inc's revenue in 2022 was $8,401,434.
Official website here: www.ruraledge.org
Who are the executives of Gilman Housing Trust Inc and what are their salaries?
The average compensation at Gilman Housing Trust Inc during 2022 was $34,214. There are 68 employees and 13 volunteers at Gilman Housing Trust Inc.
Here are 15 key members and their salaries:
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- Compensation: $119,403
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- Other: $19,290
- Compensation: $101,994
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- Other: $17,577
Official website here: www.ruraledge.org
Where can I find the form 990 for Gilman Housing Trust Inc?
Gilman Housing Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ruraledge.org
Learn more at the official website: www.ruraledge.org
Mission Statement of Gilman Housing Trust Inc
Gilman Housing Trust Inc, as a nonprofit organization, is committed to a mission of developing, owning, and managing affordable residential housing units and related facilities. This mission is specifically tailored towards supporting qualified low-income families. By undertaking this mission, Gilman Housing Trust Inc aims to provide a vital service in northern Vermont, addressing the housing needs of those families who may otherwise struggle to secure suitable and affordable living quarters. The organization's work in this area is crucial in ensuring that low-income families have access to decent housing, thereby contributing to their overall well-being and quality of life.
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Impact
July, 2024
Gilman Housing Trust Inc's impact is significant in providing affordable housing to low-income families in northern Vermont. Through their work to develop, own, and manage affordable residential housing units, they have positively impacted the lives of qualified low-income families in St. Johnsbury and beyond. Their mission to provide housing opportunities to those in need helps to address the ongoing issue of housing insecurity and promotes economic stability within the community they serve. Overall, Gilman Housing Trust Inc plays a vital role in ensuring that low-income families have access to safe and affordable housing options.
This information is meant to be a general summary of Gilman Housing Trust 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: $49,814
- Program Service Revenue: $4,510,091
- Gross Receipts: $8,487,729
Assets and Liabilities:
- Total Assets: $23,402,374
- Total Liabilities: $11,909,228
- Net Assets: $11,493,146
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$2,163,791
Property Management
Revenue
$1,122,799
Support Services
Revenue
$600,210
Development Fees
Revenue
$318,838
Other Operating Revenu
Revenue
$304,453
Organization Details
Founding Year
1992
Phone
(802) 473-3925Principal Officer
Patrick Shattuck
Main Address
1222 Main Street, St Johnsbury, VT, 05819
Website
www.ruraledge.orgNTEE Category
Code: L21Z - Housing
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