Overview
What is The Housing Foundation Inc?
The Housing Foundation Inc, located in Montpelier, Vermont, is a dedicated nonprofit organization focused on providing affordable housing solutions to individuals with low income. With a team of one employee, the foundation manages 234 housing units across 11 properties, aiming to make safe and decent living spaces more accessible. In addition to this, they promote affordable home ownership through 1,006 lots in 18 parks. The Housing Foundation Inc is committed to expanding its reach by preserving existing units and developing new properties, thereby increasing the available housing stock for those in need.
Official website here: www.hfivt.org
What are the reviews and ratings of this charity?
80% - This charity's score is 80%, earning it a Three-Star out of Four Star rating. The rating is based solely on its Accountability & Finance score, which indicates a solid level of financial health and governance practices.
The Housing Foundation Inc demonstrates strong accountability with an independent board, scoring full points in several categories such as board independence, material diversion of assets, and conflict of interest policy. The high program expense ratio suggests that a significant portion of its funds is allocated directly to its mission-driven programs.
However, the organization has some limitations, particularly in its governance documentation. The absence of a whistleblower policy and document retention policy, along with a missing tax form on its website, detracts from its overall accountability score. Addressing these gaps could strengthen its transparency and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Foundation Inc legitimate?
The Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Foundation 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: $80,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hfivt.org
What is the mission statement of The Housing Foundation Inc?
The Housing Foundation Inc's mission is centered around providing safe and affordable housing for individuals with low income. They achieve this through their 234 housing units spread across 11 properties and also promote affordable home ownership with 1,006 lots in 18 parks. The organization is committed to expanding access to affordable housing by preserving existing units through acquisition and developing new properties to increase the housing stock.
Official website here: www.hfivt.org
Who is the CEO of The Housing Foundation Inc?
Alison Bell is the Executive Di of The Housing Foundation Inc.
Official website here: www.hfivt.org
What is the revenue of The Housing Foundation Inc?
The Housing Foundation Inc's revenue in 2022 was $7,466,947.
Official website here: www.hfivt.org
Who are the executives of The Housing Foundation Inc and what are their salaries?
The average compensation at The Housing Foundation Inc during 2022 was $80,384. There is 1 employee at The Housing Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $95,000
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- Other: $0
Official website here: www.hfivt.org
Where can I find the form 990 for The Housing Foundation Inc?
The Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hfivt.org
Learn more at the official website: www.hfivt.org
Mission Statement of The Housing Foundation Inc
The Housing Foundation, Inc. is dedicated to providing safe and decent housing that is affordable for individuals with low income throughout Vermont. They achieve this by managing 234 units in 11 properties and promoting affordable home ownership through 1,006 lots in 18 parks. The organization is committed to expanding access to affordable housing by acquiring existing units and developing new properties, thereby increasing the available housing stock. By doing so, The Housing Foundation, Inc. aims to contribute positively to the housing landscape, ensuring that individuals in need can have a secure place to live.
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Impact
July, 2024
The Housing Foundation Inc's impact lies in providing safe, decent, and affordable housing to individuals with low incomes throughout Vermont. With 234 units in 11 properties and 1,006 lots in 18 parks, the organization plays a crucial role in promoting affordable homeownership and expanding access to affordable housing. Through the rental of low-income housing, The Housing Foundation Inc strives to preserve existing units through acquisition and develop new properties to increase the available housing stock. This not only addresses the housing needs of the community but also contributes to the overall well-being and stability of individuals and families facing financial challenges.
This information is meant to be a general summary of The Housing Foundation 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: $8,923
- Program Service Revenue: $7,314,412
- Gross Receipts: $7,466,947
Assets and Liabilities:
- Total Assets: $36,391,565
- Total Liabilities: $16,822,983
- Net Assets: $19,568,582
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT/MHP RENTS
Revenue
$7,122,563
OTHER INCOME
Revenue
$191,849
Organization Details
Founding Year
1986
Phone
(802) 828-3006Principal Officer
Alison Bell
Main Address
PO BOX 157, MONTPELIER, VT, 056010157
Website
www.hfivt.orgNTEE Category
Code: L210 - Housing
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