Overview
What is Neighborhood Housing Services Of The South Shore Inc?
Neighborhood Housing Services of the South Shore Inc, also known as NeighborWorks Housing Solutions, is a Massachusetts-based nonprofit organization located at 422 Washington Street, Quincy, with a workforce of 90 employees. Their mission is to revitalize neighborhoods and provide affordable housing in Southeastern Massachusetts. They offer rental assistance programs, including Section 8 housing vouchers and other subsidies, which serve over 3,000 individuals and families, including the disabled, elderly, formerly homeless, and others. Their client services include short-term, limited financial assistance, shelter, and advocacy for those who have experienced domestic violence. By promoting, developing, and maintaining affordable housing, Neighborhood Housing Services of the South Shore aims to improve the living conditions and stability of the communities they serve.
Official website here: www.nhsmass.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Neighborhood Housing Services Of The South Shore Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance particularly in the area of accountability and finance. The charity has demonstrated strong governance practices, as evidenced by an independent board with no material diversions of assets and a complete set of financial oversight policies. Such transparency is crucial for building trust with donors and stakeholders.
The organization excels in its program expense ratio, allocating about 97.79% of its funds directly to programs, which reflects a strong commitment to its mission of providing housing assistance. The presence of multiple independent board members and adherence to best practices for financial management further enhance its reputation in the nonprofit sector.
However, the charity's liabilities to assets ratio is relatively low at 78.95%, which may raise concerns about financial stability and long-term sustainability. While the strengths in transparency and program spending are commendable, potential donors should take note of this aspect when evaluating the organization for support.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Of The South Shore Inc legitimate?
Neighborhood Housing Services Of The South Shore Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of The South Shore 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: $305,294
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,510,932
For more financial information, click here
Official website here: www.nhsmass.org
What is the mission statement of Neighborhood Housing Services Of The South Shore Inc?
Neighborhood Housing Services of the South Shore Inc is dedicated to revitalizing neighborhoods and providing affordable housing solutions in Massachusetts. Through promoting, developing, and maintaining affordable housing, this organization plays a significant role in serving over 3,000 individuals and families in the region. These individuals, including the disabled, elderly, formerly homeless, and others, are provided with rental assistance through Section 8 housing vouchers and various other subsidy programs. Besides rental assistance, the organization offers short-term, limited financial aid to help families retain their housing, obtain new housing, or prevent homelessness. Furthermore, shelter services are available to families who have experienced domestic violence.
Official website here: www.nhsmass.org
Who is the CEO of Neighborhood Housing Services Of The South Shore Inc?
Robert Corley is the CEO of Neighborhood Housing Services Of The South Shore Inc The CEO's salary of Neighborhood Housing Services Of The South Shore Inc is $282,943 and their total compensation is $323,041.
Official website here: www.nhsmass.org
What is the revenue of Neighborhood Housing Services Of The South Shore Inc?
Neighborhood Housing Services Of The South Shore Inc's revenue in 2023 was $92,518,755.
Official website here: www.nhsmass.org
Who are the executives of Neighborhood Housing Services Of The South Shore Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of The South Shore Inc during 2023 was $61,064. There are 128 employees at Neighborhood Housing Services Of The South Shore Inc.
Here are 26 key members and their salaries (Neighborhood Housing Services Of The South Shore Inc's CEO's salary is $282,943 and their total compensation is $323,041):
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- Compensation: $282,943
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- Other: $40,098
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- Compensation: $105,048
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- Other: $6,772
- Compensation: $104,163
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- Other: $6,547
Official website here: www.nhsmass.org
Where can I find the form 990 for Neighborhood Housing Services Of The South Shore Inc?
Neighborhood Housing Services Of The South Shore Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nhsmass.org
Learn more at the official website: www.nhsmass.org
Mission Statement of Neighborhood Housing Services Of The South Shore Inc
Neighborhood Housing Services of the South Shore, a prominent nonprofit organization, is dedicated to neighborhood revitalization and the provision of affordable housing solutions in Southeastern Massachusetts. Through promoting, developing, and maintaining affordable housing options, this influential group contributes significantly to the community.
The mission of Neighborhood Housing Services of the South Shore unfolds through various initiatives, primarily focused on rental assistance programs. These programs cater to over 3,000 individuals and families, including the disabled, elderly, formerly homeless, and others in need. By offering Section 8 housing vouchers and other subsidy programs, the organization ensures that eligible residents can secure stable housing, ultimately preventing homelessness.
Client services provided by Neighborhood Housing Services of the South Shore extend beyond financial assistance. In some cases, families may require short-term, limited financial aid to help them maintain their current housing or secure new accommodation. The organization also offers shelter to families who have experienced domestic violence, ensuring their safety and well-being during difficult times. By addressing the diverse needs of its clientele, Neighborhood Housing Services of the South Shore empowers individuals and families to rebuild their lives and contribute positively to their communities.
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Impact
October, 2024
Neighborhood Housing Services of the South Shore Inc. plays a crucial role in enhancing community stability and well-being in southeastern Massachusetts. By focusing on neighborhood revitalization and the provision of affordable housing, the organization has significantly impacted the lives of over 3,000 individuals and families, including the disabled, elderly, and formerly homeless.
Their rental assistance programs, such as the Section 8 housing voucher and various subsidy initiatives, provide essential support that helps these vulnerable populations secure and maintain stable housing. Furthermore, the organization offers short-term financial assistance to families facing housing crises, enabling them to avoid homelessness or transition to new housing.
In addition to financial support, they provide shelter for victims of domestic violence, ensuring safety and a pathway to recovery for those in distress. Through these multifaceted services, Neighborhood Housing Services of the South Shore Inc. not only addresses immediate housing needs but also fosters long-term stability and resilience in the community, contributing to a healthier and more equitable society.
This information is meant to be a general summary of Neighborhood Housing Services Of The South Shore 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 2023.
- Investment Income: $312,007
- Program Service Revenue: $87,120,437
- Gross Receipts: $92,677,489
Assets and Liabilities:
- Total Assets: $50,429,988
- Total Liabilities: $41,751,224
- Net Assets: $8,678,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL SUBSIDIES AND FEES
Revenue
$82,739,313
PROJECT ADMINISTRATION FEES
Revenue
$2,218,756
RENTAL INCOME
Revenue
$2,162,368
Organization Details
Founding Year
1981
Principal Officer
Robert Corley
Website
www.nhsmass.orgNTEE Category
Code: L82Z - Housing
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