Overview
What is Rutland West Neighborhood Housing Services Inc?
Rutland West Neighborhood Housing Services Inc, operating under the name NeighborWorks of Western Vermont, is a nonprofit organization situated in West Rutland, Vermont. Their primary mission is to enhance the regional economy by promoting secure, efficient, and long-lasting housing and community projects. They achieve this through education, technical assistance, and financial services. Their Home Repair Program, specifically, targets low-to-moderate income homeowners in Addison, Rutland, and Bennington Counties. This program offers loans and grants, overseen by project coordinators, for home repairs such as new wells, septic systems, heating systems, roof replacement, structural work, plumbing, electrical, and weatherization. The project coordinators conduct health and safety evaluations, help with contractors, and manage payments until the project is completed. With a workforce of 22 individuals, NeighborWorks of Western Vermont continues to contribute to the betterment of housing and communities in the region.
Official website here: www.nwwvt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Rutland West Neighborhood Housing Services Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 96% overall, with the score solely derived from its accountability and finance metrics, indicating a robust operational structure. This high rating suggests that donors can trust the organization to manage funds responsibly and effectively.
The nonprofit demonstrates outstanding governance practices, with a fully independent board comprising six members. Additionally, it excels in its financial oversight, as evidenced by perfect scores in areas such as audit oversight, material diversion of assets, and adherence to conflict of interest and whistleblower policies. Its program expense ratio of 80.22% further highlights its commitment to allocating a significant portion of its resources to its mission-driven activities.
While the organization shows strong financial health, indicated by a liabilities to assets ratio of 35.14%, it is essential for potential donors to consider the broader impact of its programs. Overall, Rutland West Neighborhood Housing Services Inc stands out as a well-managed nonprofit with transparent governance and a clear focus on its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Rutland West Neighborhood Housing Services Inc legitimate?
Rutland West Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rutland West Neighborhood Housing Services 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: $141,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $645,270
For more financial information, click here
Official website here: www.nwwvt.org
What is the mission statement of Rutland West Neighborhood Housing Services Inc?
Rutland West Neighborhood Housing Services Inc is dedicated to enhancing the regional economy by advocating for safe, efficient, and stable housing and community projects. They achieve this goal through education, technical assistance, and financial services. The organization provides a Home Repair Program, which involves coordinators overseeing repair projects for low-to-moderate income homeowners in certain counties, offering loans and grants from NeighborWorks of Western Vermont (NWWVT). Typical home repairs include new wells, septic systems, heating systems, roof replacement, structural work, plumbing, electrical, and weatherization. Throughout the loan and grant process, project coordinators conduct a health and safety evaluation of the home, work with the homeowner to create a scope of work, help with contractors, and obtain estimates. Once approved, project oversight and escrow payments to contractors continue until the project is complete, the homeowner is satisfied, and the home is restored to a safe condition.
Official website here: www.nwwvt.org
Who is the CEO of Rutland West Neighborhood Housing Services Inc?
Heather Starzynski is the Executive Di of Rutland West Neighborhood Housing Services Inc.
Official website here: www.nwwvt.org
What is the revenue of Rutland West Neighborhood Housing Services Inc?
Rutland West Neighborhood Housing Services Inc's revenue in 2022 was $2,828,521.
Official website here: www.nwwvt.org
Who are the executives of Rutland West Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Rutland West Neighborhood Housing Services Inc during 2022 was $35,778. There are 22 employees and 8 volunteers at Rutland West Neighborhood Housing Services Inc.
Here are 7 key members and their salaries:
- Compensation: $112,500
- Related: $0
- Other: $16,835
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nwwvt.org
Where can I find the form 990 for Rutland West Neighborhood Housing Services Inc?
Rutland West Neighborhood Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwwvt.org
Learn more at the official website: www.nwwvt.org
Mission Statement of Rutland West Neighborhood Housing Services Inc
Rutland West Neighborhood Housing Services Inc is committed to strengthening the development of a regional economy by promoting safe, efficient, and stable housing and community projects. They achieve this mission through education, technical assistance, and financial services. This nonprofit organization aims to enhance the living conditions of low-to-moderate income homeowners in Addison, Rutland, and Bennington counties by providing loans and grants for home repair projects. Typical home repair projects include new wells, septic systems, heating systems, roof replacement, structural work, plumbing, electrical, and weatherization. The process involves a health and safety evaluation of the home, working with the homeowner to create a scope of work, helping with contractors, and obtaining estimates for the project. Once the loan and/or grant is approved, the project coordination continues with project oversight and escrow payments to contractors, ensuring that the project is completed satisfactorily and the home is repaired and made safe for the homeowner.
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Impact
July, 2024
Rutland West Neighborhood Housing Services Inc plays a crucial role in strengthening the regional economy by promoting safe, efficient, and stable housing and community projects. Through their home repair program, they provide vital support to low-to-moderate income homeowners in various counties, ensuring essential repairs and upgrades are completed. By offering education, technical assistance, and financial services, Rutland West Neighborhood Housing Services Inc contributes significantly to improving living conditions and fostering community development in the region. Their impactful initiatives directly benefit individuals and families, creating a positive ripple effect on the broader community.
This information is meant to be a general summary of Rutland West Neighborhood Housing Services 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: -$151
- Program Service Revenue: $745,562
- Gross Receipts: $2,865,672
Assets and Liabilities:
- Total Assets: $17,334,099
- Total Liabilities: $6,091,679
- Net Assets: $11,242,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$583,670
PROGRAM & REVOLVING LOAN FEES
Revenue
$161,892
Organization Details
Founding Year
1985
Phone
(802) 438-2303Principal Officer
Heather Starzynski
Main Address
110 MARBLE STREET, WEST RUTLAND, VT, 05777
Website
www.nwwvt.orgNTEE Category
Code: L200 - Housing
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