Overview
What is South Main Street Housing Trust Inc?
South Main Street Housing Trust Inc is a nonprofit organization situated in White River Junction, Vermont, with a specific mission to provide housing opportunities for low-income families. Based at 226 Holiday Drive Suite 20, this organization works tirelessly to make housing accessible for families who fall under the categories of low and very low income. By offering housing opportunities, South Main Street Housing Trust Inc plays a significant role in ensuring that these families have a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
South Main Street Housing Trust Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial management. The charity's score is based entirely on its Accountability & Finance metrics, which reflect a commitment to transparency and ethical governance. The organization showcases its strengths by employing a fully independent board and maintaining rigorous financial practices.
The charity has achieved high scores in key areas, such as having a conflict of interest policy and a whistleblower policy in place, and consistently providing detailed financial statements. Additionally, the organization demonstrates a commendable program expense ratio of 91.81%, suggesting that a significant portion of its funding is directed towards its mission-related activities.
However, the organization's liabilities to assets ratio is notably low at 99.78%, indicating potential concerns about financial stability. While the charity has demonstrated effectiveness in governance and program spending, this aspect may warrant further scrutiny from potential donors and stakeholders. Overall, South Main Street Housing Trust Inc appears to be a reliable organization, with strong accountability practices but some caution advised regarding financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is South Main Street Housing Trust Inc legitimate?
South Main Street Housing Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Main Street 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of South Main Street Housing Trust Inc?
South Main Street Housing Trust Inc's mission is centered around providing housing opportunities. They strive to cater to families with low and very low income levels, ensuring they have access to suitable housing. The organization's primary goal is to make housing a reality for these financially disadvantaged families, thereby contributing to their well-being and community stability. They may offer various housing solutions, such as affordable rentals, subsidies, or assistance programs, to help low-income families secure a place to call home.
Who is the CEO of South Main Street Housing Trust Inc?
Andrew Winter is the Secretary of South Main Street Housing Trust Inc.
What is the revenue of South Main Street Housing Trust Inc?
South Main Street Housing Trust Inc's revenue in 2022 was $937,713.
Who are the executives of South Main Street Housing Trust Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $90,547
- Other: $13,494
Where can I find the form 990 for South Main Street Housing Trust Inc?
South Main Street Housing Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Main Street Housing Trust Inc
South Main Street Housing Trust Inc is committed to providing housing opportunities for families who fall under the low-income bracket. This nonprofit organization's mission is to ensure that these families have access to housing, which is a fundamental need. By offering housing to both low and very low-income families, South Main Street Housing Trust Inc aims to contribute to the well-being and stability of these families. The organization's work is centered around the belief that everyone deserves a safe and secure place to call home, regardless of their financial situation.
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Impact
July, 2024
South Main Street Housing Trust Inc's impact lies in its steadfast commitment to providing housing opportunities for low income families in White River Junction, VT. By offering affordable housing options to those in need, the organization directly contributes to the well-being and stability of low and very low income families in the community. Through its housing initiatives, South Main Street Housing Trust Inc helps address the pressing issue of housing affordability and supports vulnerable populations in accessing safe and stable homes.
This information is meant to be a general summary of South Main Street 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: $421
- Program Service Revenue: $331,831
- Gross Receipts: $937,713
Assets and Liabilities:
- Total Assets: $13,348,104
- Total Liabilities: $13,319,668
- Net Assets: $28,436
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$319,698
MISCELLANEOUS
Revenue
$12,133
Organization Details
Founding Year
1999
Phone
(802) 291-7000Principal Officer
Andrew Winter
Main Address
226 HOLIDAY DRIVE SUITE 20, WHITE RIVER JCT, VT, 05001
NTEE Category
Code: L20 - Housing
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