Overview
What is Falmouth Housing Trust?
Falmouth Housing Trust is a dedicated nonprofit organization situated in Falmouth. Its primary objective is to improve the community by constructing and maintaining sustainable, affordable workforce housing. Serving low-to-moderate income individuals and families who make 80% or less of the median income, the trust focuses on small, strategic projects. By acquiring property and tailoring housing to suit the community's landscape, the trust provides rental and sale options at affordable prices. Their mission aims to enhance the quality of life for those in need, contributing positively to the Falmouth community.
Official website here: www.falmouthhousingtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Falmouth Housing Trust has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management practices. The organization's score, solely based on its Accountability & Finance metrics, highlights its commitment to transparency and ethical governance. The perfect scores in critical areas such as independent board membership and comprehensive financial oversight indicate a well-structured organization.
The trust demonstrates exceptional financial responsibility, with a program expense ratio of 85.85%, which suggests that a significant portion of its budget is dedicated to its mission-driven activities. Moreover, the low liabilities to assets ratio of 25.94% illustrates sound fiscal health, indicating that the trust is effectively managing its assets relative to its liabilities.
No significant limitations were identified in the data, further reinforcing the trust's reputation as a reliable and well-managed nonprofit. Overall, Falmouth Housing Trust stands out as an organization that prioritizes accountability and financial integrity, ensuring that resources are maximally directed toward its housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Falmouth Housing Trust legitimate?
Falmouth Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Falmouth Housing Trust 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: $99,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,770
For more financial information, click here
Official website here: www.falmouthhousingtrust.org
What is the mission statement of Falmouth Housing Trust?
The Falmouth Housing Trust's mission is centered around enhancing communities by developing and maintaining sustainable, affordable workforce housing. This organization caters to low-to-moderate income individuals or families who earn 80% of the median income or less. They focus on small, strategic projects, acquiring property and crafting housing that harmoniously fits into the community's landscape. The housing can either be rented or sold to eligible individuals at affordable prices.
Official website here: www.falmouthhousingtrust.org
Who is the CEO of Falmouth Housing Trust?
Karen L Bissonnette is the Executive Di of Falmouth Housing Trust.
Official website here: www.falmouthhousingtrust.org
What is the revenue of Falmouth Housing Trust?
Falmouth Housing Trust's revenue in 2022 was $839,739.
Official website here: www.falmouthhousingtrust.org
Who are the executives of Falmouth Housing Trust and what are their salaries?
The average compensation at Falmouth Housing Trust during 2022 was $55,930. There are 2 employees at Falmouth Housing Trust.
Here are 14 key members and their salaries:
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Official website here: www.falmouthhousingtrust.org
Where can I find the form 990 for Falmouth Housing Trust?
Falmouth Housing Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.falmouthhousingtrust.org
Learn more at the official website: www.falmouthhousingtrust.org
Mission Statement of Falmouth Housing Trust
Falmouth Housing Trust, a nonprofit organization, is dedicated to enhancing its community by developing and maintaining sustainable affordable workforce housing. The mission of this entity is to serve low-to-moderate income individuals or families living in the area, whose income is 80% or less than the median income. The organization carries out this mission through small strategic projects, which involve acquiring property and creating housing that fits harmoniously into the community's landscape. This housing can be either rented or sold to eligible individuals at affordable prices. By doing so, Falmouth Housing Trust aims to contribute positively to its community, providing a solution to the housing needs of its less fortunate inhabitants.
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Impact
July, 2024
Falmouth Housing Trust enhances the community of Falmouth by developing and maintaining sustainable affordable workforce housing. They provide this service to low-to-moderate income individuals or families living in Falmouth who earn 80% of the median income or less. By focusing on small strategic projects, the organization acquires property and creates housing that seamlessly integrates into the community landscape. This housing is available for rent or sale to qualifying individuals at affordable prices.
This information is meant to be a general summary of Falmouth Housing Trust. 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: $770
- Program Service Revenue: $233,400
- Gross Receipts: $981,834
Assets and Liabilities:
- Total Assets: $2,829,250
- Total Liabilities: $592,867
- Net Assets: $2,236,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDIZED HOUSING
Revenue
$220,000
MONITORING INCOME
Revenue
$13,400
Organization Details
Founding Year
1986
Phone
(508) 540-2370Principal Officer
Karen L Bissonnette
Main Address
PO BOX 465, FALMOUTH, MA, 02541
Website
www.falmouthhousingtrust.orgNTEE Category
Code: L20 - Housing
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