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Holy Family Housing Corp

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043074487 ✦ Pittsfield, MA ✦ Designated as a 501(c)(3)

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Overview

What is Holy Family Housing Corp?

Holy Family Housing Corp is a nonprofit organization situated in Pittsfield, Massachusetts, dedicated to serving the elderly community. Their primary mission is to provide low-income housing, ensuring a comfortable living environment for elderly individuals. To accomplish this, they offer 39 units of housing in Pittsfield, each eligible for Section 8 rental assistance. This initiative aligns with their mission to cater to the housing needs of the elderly population, thereby enhancing their quality of life.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79%, Three-Star out of Four Star rating. The rating reflects a robust Accountability & Finance score, indicating that Holy Family Housing Corp demonstrates good oversight and financial management practices. It has achieved full marks in key areas such as board independence and financial statement oversight, which underscores its commitment to transparency and accountability.

The organization has a strong program expense ratio of 81.06%, suggesting that a significant portion of its resources are directed toward its mission-related programs. Additionally, it has implemented necessary policies, including conflict of interest and whistleblower policies, which contribute to its governance framework. These strengths indicate a well-structured organization that prioritizes effective use of funds.

However, the charity faces a notable challenge with a liabilities to assets ratio of 124.81%, indicating potential financial strain. This may raise concerns among potential donors regarding the organization’s long-term financial sustainability. Overall, while Holy Family Housing Corp demonstrates many strengths in accountability, its financial health warrants attention.


This AI summary has been generated from information found on Charity Navigator.

Is Holy Family Housing Corp legitimate?

Holy Family Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Family Housing Corp 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: $63,961

For more financial information, click here

What is the mission statement of Holy Family Housing Corp?

Holy Family Housing Corp's mission is centered around providing affordable housing for the elderly. Specifically, the organization offers 39 units of such housing, ensuring each apartment is eligible for Section 8 rental assistance. This commitment to low-income housing is a key part of Holy Family Housing Corp's mission, aiming to make housing more accessible for this demographic.

Who is the CEO of Holy Family Housing Corp?

Andre Charbonneau is the President of Holy Family Housing Corp.

What is the revenue of Holy Family Housing Corp?

Holy Family Housing Corp's revenue in 2022 was $499,718.

Who are the executives of Holy Family Housing Corp and what are their salaries?


Here are 3 key members and their salaries:


Andre Charbonneau (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patti Mansfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Alcombright (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Holy Family Housing Corp?

Holy Family Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Holy Family Housing Corp

Holy Family Housing Corporation is committed to providing low-income housing for the elderly. The organization operates 39 units of such housing, ensuring that each apartment is eligible for Section 8 rental assistance. This initiative allows Holy Family Housing Corporation to fulfill its mission of providing affordable housing for the elderly, enhancing their quality of life and enabling them to live with dignity and independence. By offering this service, the corporation is making a significant contribution to the well-being of its elderly community, providing them with a secure and comfortable living environment.

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Impact




July, 2024

Holy Family Housing Corp's impact lies in providing essential low-income housing for the elderly in Pittsfield, MA. With 39 units available, this organization ensures that elderly individuals have a place to call home that is affordable and meets their needs. Additionally, by offering Section 8 rental assistance for every apartment in the project, Holy Family Housing Corp plays a crucial role in addressing the housing challenges faced by vulnerable elderly members of the community. Through their dedicated mission, they are able to make a tangible difference in the lives of those in need of safe and stable housing.




This information is meant to be a general summary of Holy Family Housing Corp. 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.

Revenue
$499,718 (2022)
Expenses
$540,411 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $971
  • Program Service Revenue: $498,747
  • Gross Receipts: $499,718

Assets and Liabilities:

  • Total Assets: $2,190,278
  • Total Liabilities: $2,695,969
  • Net Assets: -$505,691

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LAUNDRY RECEIPTS

Revenue

$2,001

RENTAL RECEIPTS

Revenue

$147,889

SECTION 8 SUBSIDIES

Revenue

$348,857

Organization Details

Founding Year

1989

Principal Officer

Andre Charbonneau

Main Address

C/O BERKSHIRE HOUSING PO BOX 1180, PITTSFIELD, MA, 01202

NTEE Category

Code: L21Z - Housing

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