Overview
What is Harborlight Community Partners Inc?
Harborlight Community Partners Inc, based in Beverly, Massachusetts, is a dedicated nonprofit organization that primarily focuses on providing affordable housing and related services for low and moderate-income individuals in Southern Essex County. They have successfully managed and developed over 500 housing units, including Turtle Creek, Turtle Woods, Harborlight House, Heart Homes, We Care About Homes, Whipple Riverview Place, Cotton Mill Coop, Rockport High School, Pigeon Cove Ledges, and Firehouse Place. Additionally, they have undertaken development work for Maple Woods, Granite Street Crossing, Anchor Point, and Boston Street Crossing. Beyond housing, Harborlight Community Partners also offers property management and other services to various non-profit organizations.
Official website here: www.harborlightcp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% - Four-Star out of Four Star Rating
Harborlight Community Partners Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in areas of accountability and finance, as well as exceptional scores in culture and community. With a program expense ratio of 85.66%, the organization demonstrates a commitment to directing a significant portion of its resources toward its programs, indicating effective use of funds.
The organization boasts a fully independent board consisting of 15 members, which underlines a dedication to governance and transparency. They scored perfectly in their financial oversight and policies related to conflict of interest, whistleblower protections, and document management, showcasing a robust framework for accountability. Furthermore, their high scores in feedback collection and usage reflect a strong engagement with their community and stakeholders.
While the organization excels in many areas, the overall rating highlights their ability to adapt and respond to community needs through investment in leadership development and equity strategies. This indicates not only a stable foundation but also a forward-thinking approach to fostering long-term impact in the communities they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Harborlight Community Partners Inc legitimate?
Harborlight Community Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harborlight Community Partners 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: $617,490
Professional Fundraising Fees: $68,000
Other Salaries and Wages: $1,339,518
For more financial information, click here
Official website here: www.harborlightcp.org
What is the mission statement of Harborlight Community Partners Inc?
Harborlight Community Partners Inc's mission is centered around providing affordable housing and related services primarily for individuals with low and moderate income. Beyond this, the organization also offers property management and other services to non-profit organizations. In practice, Harborlight Community Partners has successfully managed or developed affordable housing for over 500 individuals in Essex County, with projects including Turtle Creek, Harborlight House, and others. The organization's work additionally extends to development projects such as Maple Woods and Anchor Point.
Official website here: www.harborlightcp.org
Who is the CEO of Harborlight Community Partners Inc?
Andrew Defranza is the Director of Harborlight Community Partners Inc.
Official website here: www.harborlightcp.org
What is the revenue of Harborlight Community Partners Inc?
Harborlight Community Partners Inc's revenue in 2022 was $8,936,259.
Official website here: www.harborlightcp.org
Who are the executives of Harborlight Community Partners Inc and what are their salaries?
The average compensation at Harborlight Community Partners Inc during 2022 was $42,544. There are 46 employees and 19 volunteers at Harborlight Community Partners Inc.
Here are 22 key members and their salaries:
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- Other: $11,389
Official website here: www.harborlightcp.org
Where can I find the form 990 for Harborlight Community Partners Inc?
Harborlight Community Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harborlightcp.org
Learn more at the official website: www.harborlightcp.org
Mission Statement of Harborlight Community Partners Inc
Harborlight Community Partners Inc is dedicated to providing affordable housing and essential services primarily for individuals and families with low to moderate incomes in Southern Essex County. Beyond this, the organization offers property management and various services to non-profit organizations as well. Through their initiatives, they have managed and developed affordable housing for over 500 individuals, including projects such as Turtle Creek, Turtle Woods, Harborlight House, Heart Homes, We Care About Homes, Whipple Riverview Place, Cotton Mill Coop, Rockport High School, Pigeon Cove Ledges, and Firehouse Place. The organization's mission extends to development work for projects like Maple Woods, Granite Street Crossing, Anchor Point, and Boston Street Crossing, furthering its commitment to affordable housing.
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Impact
July, 2024
Harborlight Community Partners Inc has positively impacted the community by providing affordable housing with services primarily for low and moderate-income individuals in Southern Essex County. Their work has resulted in the management and development of affordable housing for over 500 people in the region. This includes projects such as Turtle Creek, Turtle Woods, Harborlight House, Heart Homes, and others. Through their mission, they have created housing opportunities that help address the housing needs of vulnerable populations in the area, contributing to a more inclusive and supportive community.
This information is meant to be a general summary of Harborlight Community Partners 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: $224,362
- Program Service Revenue: $4,142,376
- Gross Receipts: $9,207,167
Assets and Liabilities:
- Total Assets: $40,145,784
- Total Liabilities: $25,285,580
- Net Assets: $14,860,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$2,268,453
MANAGEMENT FEES
Revenue
$964,443
TENANT RENT
Revenue
$825,982
PROGRAM SERVICE FEE
Revenue
$83,498
Organization Details
Founding Year
1964
Phone
(978) 222-1305Principal Officer
Andrew Defranza
Main Address
PO BOX 507, BEVERLY, MA, 019154566
Website
www.harborlightcp.orgNTEE Category
Code: L22 - Housing
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