Overview
What is Springfield Housing Unlimited?
Springfield Housing Unlimited is a dedicated nonprofit organization located in Springfield, whose primary focus is empowering low-income families and individuals by providing them with affordable housing options. Their mission is crystal clear: to make housing accessible for those who need it most. Through their various programs, the organization works tirelessly to achieve this goal, striving to bridge the gap between the need for affordable housing and its availability.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Springfield Housing Unlimited has received an 82% rating from Charity Navigator, which translates to a Three-Star rating. This score reflects strong performance in areas of accountability and finance, showcasing the charity's commitment to transparency and responsible financial management. The charity is evaluated based entirely on its accountability and finance metrics, which are critical indicators of its operational integrity.
One of the key strengths highlighted by the rating is the organization’s board structure, which comprises 100% independent members. This independence contributes to effective governance, and the charity scores perfectly in this category. Additionally, Springfield Housing Unlimited demonstrates robust financial health with a program expense ratio of 95.26%, indicating that a significant portion of its funds are directly allocated to its programs rather than administrative costs.
Despite its strengths, the overall rating is solely based on financial accountability, which may not fully encompass the broader impact of the charity's programs. While the financial metrics are commendable, potential donors and supporters may benefit from exploring additional qualitative data regarding program outcomes and community impact to gain a comprehensive understanding of the nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Springfield Housing Unlimited legitimate?
Springfield Housing Unlimited is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springfield Housing Unlimited 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,153
For more financial information, click here
What is the mission statement of Springfield Housing Unlimited?
Springfield Housing Unlimited is dedicated to serving low-income families and individuals by providing them with affordable housing options. Their mission is to offer programs and resources aimed at making housing more accessible for this demographic. By focusing on affordable housing, the organization is able to contribute significantly to the well-being and stability of these families and individuals. Through their efforts, Springfield Housing Unlimited plays a crucial role in promoting housing equity and ensuring that everyone has a place to call home.
Who is the CEO of Springfield Housing Unlimited?
Laura Ryan is the President / Treasurer of Springfield Housing Unlimited.
What is the revenue of Springfield Housing Unlimited?
Springfield Housing Unlimited's revenue in 2022 was $525,517.
Who are the executives of Springfield Housing Unlimited and what are their salaries?
There 6 volunteers at Springfield Housing Unlimited.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Springfield Housing Unlimited?
Springfield Housing Unlimited's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Springfield Housing Unlimited
Springfield Housing Unlimited, as a nonprofit organization, is dedicated to making a significant impact in the lives of low-income families and individuals. Their mission is clearly defined: to provide affordable housing for this demographic. By offering various programs, Springfield Housing Unlimited aims to bridge the gap between the need for affordable housing and the availability of it. Their primary focus is to enable families and individuals with limited financial resources to secure a place they can call home. This mission is essential in ensuring that everyone, regardless of their income level, has access to decent living conditions.
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Impact
July, 2024
Springfield Housing Unlimited's impact is evident in the tangible support it provides to low-income families and individuals in obtaining affordable housing. By offering programs specifically designed for this purpose, the organization demonstrates a strong commitment to addressing the housing needs of the community. Through its mission to provide affordable housing, Springfield Housing Unlimited plays a crucial role in improving the lives of those who would otherwise struggle to secure stable and safe living arrangements.
This information is meant to be a general summary of Springfield Housing Unlimited. 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: $354
- Program Service Revenue: $436,202
- Gross Receipts: $525,517
Assets and Liabilities:
- Total Assets: $2,246,285
- Total Liabilities: $1,099,162
- Net Assets: $1,147,123
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$433,116
Laundry and Vending
Revenue
$891
Organization Details
Founding Year
1989
Phone
(802) 885-4905Principal Officer
Laura Ryan
Main Address
80 Main St, Springfield, VT, 05156
NTEE Category
Code: L80Z - Housing
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