Overview
What is Neighborhood Of Affordable Housing Inc?
Neighborhood of Affordable Housing Inc, a community development corporation, is dedicated to fostering equity, community cohesion, environmental justice, and economic resilience. Based on the provided information, this nonprofit organization aims to expand access to affordable housing, create social and economic opportunities, and empower residents to lead change. Their mission encompasses collaborating with and supporting residents and communities in their pursuit of affordable housing strategies, environmental justice, community planning, leadership development, and economic development opportunities.
Official website here: www.noahcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Neighborhood Of Affordable Housing Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in the areas of accountability and finance. The organization's overall score is derived exclusively from its accountability and finance metrics, reflecting a strong commitment to transparency and responsible financial management. The high score in these categories suggests that the organization operates with integrity and is dedicated to its mission.
The nonprofit has demonstrated notable strengths, such as having a fully independent board, which is essential for unbiased governance. It has scored full points in several key areas, including financial oversight and conflict of interest policies. Additionally, the organization effectively utilizes a significant portion of its expenses for program-related activities, with a program expense ratio of 95.93%, showing a strong commitment to its services.
However, the organization received a lower score on its liabilities to assets ratio, which stands at 93.30%. This may indicate potential concerns regarding financial stability, as a high ratio suggests that a significant portion of its assets is tied up in liabilities. While the nonprofit exhibits significant strengths in governance and accountability, addressing its financial leverage could enhance its overall sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Of Affordable Housing Inc legitimate?
Neighborhood Of Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Of Affordable Housing 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: $344,574
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,601,640
For more financial information, click here
Official website here: www.noahcdc.org
What is the mission statement of Neighborhood Of Affordable Housing Inc?
The Neighborhood of Affordable Housing Inc., or NOAH, is a community development corporation dedicated to promoting equity, community cohesion, environmental justice, and economic resilience. Their mission is to collaborate with residents and communities in their pursuit of affordable housing solutions, community planning, leadership development, and economic development opportunities. NOAH's activities aim to increase access to affordable housing and create social and economic opportunities, empowering residents to become agents of change in their communities.
Official website here: www.noahcdc.org
What is the revenue of Neighborhood Of Affordable Housing Inc?
Neighborhood Of Affordable Housing Inc's revenue in 2023 was $10,832,448.
Official website here: www.noahcdc.org
Who are the executives of Neighborhood Of Affordable Housing Inc and what are their salaries?
The average compensation at Neighborhood Of Affordable Housing Inc during 2023 was $77,849. There are 25 employees and 67 volunteers at Neighborhood Of Affordable Housing Inc.
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- Compensation: $181,666
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- Compensation: $119,480
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- Other: $10,678
- Compensation: $125,360
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- Other: $12,239
Official website here: www.noahcdc.org
Where can I find the form 990 for Neighborhood Of Affordable Housing Inc?
Neighborhood Of Affordable Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.noahcdc.org
Learn more at the official website: www.noahcdc.org
Mission Statement of Neighborhood Of Affordable Housing Inc
The Neighborhood of Affordable Housing Inc., or NOAH, is a community development corporation committed to promoting equity, community cohesion, environmental justice, and economic resilience. In simple terms, NOAH collaborates with residents and communities to increase access to affordable housing and economic opportunities. By doing so, they empower individuals to take charge of their own change.
NOAH's mission is multifaceted. They work alongside residents and communities in their quest for affordable housing solutions, environmental justice, and community planning. Furthermore, they facilitate leadership development and economic development opportunities. These efforts aim to address the root causes of socio-economic disparities and foster sustainable, thriving communities.
By collaborating with residents, NOAH identifies and implements strategies that cater to the unique needs of each community. Their commitment to affordable housing goes beyond just providing shelters, but also includes creating opportunities for economic mobility. Additionally, their focus on environmental justice ensures that neighborhoods are safe and healthy places to live, where residents have access to clean air, water, and green spaces.
NOAH's leadership development programs provide residents with the tools and resources needed to become active participants in their communities. These programs foster a sense of ownership and empower individuals to take charge of their own futures. By creating opportunities for economic development, NOAH helps build strong, resilient communities that can weather various challenges.
In essence, the Neighborhood of Affordable Housing Inc. is a dedicated partner in the pursuit of equitable, thriving communities. Their mission to collaborate with residents and communities in their quest for affordable housing strategies, environmental justice, community planning, leadership development, and economic development opportunities, is a vital step towards creating lasting change.
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Impact
October, 2024
The Neighborhood of Affordable Housing Inc. (NOAH) significantly impacts East Boston by promoting equity, community cohesion, and environmental justice, while fostering economic resilience. Through its initiatives, NOAH increases access to affordable housing, thereby addressing critical housing needs within the community.
By collaborating closely with residents, the organization empowers them to become leaders of change, facilitating a sense of ownership and agency in their community. NOAH supports strategies that enhance community planning and economic development, creating social and economic opportunities that uplift families and individuals.
Through its focus on environmental justice, NOAH also emphasizes sustainable practices that protect the local environment, ensuring that the community thrives both socially and economically in a healthy setting. Overall, NOAH plays a vital role in shaping a more equitable and sustainable future for the residents of East Boston.
This information is meant to be a general summary of Neighborhood Of Affordable Housing 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.
- Program Service Revenue: $2,260,900
- Gross Receipts: $10,832,448
Assets and Liabilities:
- Total Assets: $30,349,650
- Total Liabilities: $28,317,627
- Net Assets: $2,032,023
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,480,209
DEVELOPER FEES
Revenue
$426,925
PROPERTY AND PROJECT MANAGEMENT F
Revenue
$312,915
PROGRAM INTEREST INCOME
Revenue
$40,851
Organization Details
Founding Year
1986
Principal Officer
Philip Giffee
Website
www.noahcdc.orgNTEE Category
Code: L20Z - Housing
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