Overview
What is Nha Properties Inc?
Nha Properties Inc, doing business as Housing Nantucket, is a nonprofit organization based in Nantucket, Massachusetts. Their primary mission is to offer safe, sanitary, and suitable living accommodations for low, moderate, and middle-income year-round residents of Nantucket County. They accomplish this through various programs, including rentals, homeownership, and educational initiatives. The Affordable Rental Program, a scattered site program, provides 38 year-round rental homes to eligible residents. Another initiative, the House Recycling Program, reuses unwanted but structurally sound dwellings, which are relocated to Housing Nantucket's land and then rehabilitated for rental at affordable rates. This cost-effective approach helps provide diverse types of housing for Nantucket County residents.
Official website here: www.housingnantucket.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Nha Properties Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a high score of 92, the organization demonstrates effective management of its resources and transparency in operations. Its independent board structure, with 100% independence, further enhances its credibility and governance practices.
The organization excels in its financial responsibility, showcased by an impressive program expense ratio of 80.73%, indicating that a significant portion of its resources is channeled toward its mission. Additionally, the absence of any material diversion of assets and a favorable liabilities to assets ratio of 33.99% signify sound financial health and stability.
However, there is a noted limitation regarding the absence of a whistleblower policy, which could impact the organization's overall governance framework. Despite this, the charity's commitment to maintaining detailed financial oversight and adhering to several best practices in policies and procedures speaks positively about its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Nha Properties Inc?
86% of the 9 reviewers on Facebook recommend Nha Properties Inc. Here is a summary of their reviews:
Many individuals cite the organization's commitment to helping those navigating the housing market, emphasizing their supportive and guiding approach. The positive feedback highlights a genuine concern for clients' needs, fostering confidence in the services offered.
Overall, the sentiment towards Nha Properties Inc is favorable, with reviewers appreciating the assistance and guidance available for those in search of housing solutions.
This AI summary has been generated from reviews found on Facebook.
Is Nha Properties Inc legitimate?
Nha Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nha Properties 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: $134,097
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,915
For more financial information, click here
Official website here: www.housingnantucket.org
What is the mission statement of Nha Properties Inc?
Nha Properties Inc's mission is centered around providing safe, suitable, and sanitary living accommodations for individuals with moderate to middle income. This is achieved through various means, including rental properties and homeownership programs. A significant part of their mission is the Affordable Rental Program, which offers 38 year-round rental homes to income-qualified residents. Many of these homes have been developed through the innovative House Recycling Program, where structurally sound but unwanted dwellings are donated and then rehabilitated for affordable rent by Nha Properties Inc. These homes cater to a wide range of needs, from one-bedroom cottages to four-bedroom homes, and are regularly inspected and maintained to ensure a high quality of living environment for tenants.
Official website here: www.housingnantucket.org
Who is the CEO of Nha Properties Inc?
Paul A Wolf Jr is the President of Nha Properties Inc.
Official website here: www.housingnantucket.org
What is the revenue of Nha Properties Inc?
Nha Properties Inc's revenue in 2022 was $2,237,265.
Official website here: www.housingnantucket.org
Who are the executives of Nha Properties Inc and what are their salaries?
The average compensation at Nha Properties Inc during 2022 was $97,671. There are 3 employees at Nha Properties Inc.
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- Compensation: $125,750
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- Other: $4,032
Official website here: www.housingnantucket.org
Where can I find the form 990 for Nha Properties Inc?
Nha Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingnantucket.org
Learn more at the official website: www.housingnantucket.org
Mission Statement of Nha Properties Inc
Nha Properties Inc, a nonprofit organization, is dedicated to creating and supporting diverse types of safe, suitable, and sanitary living accommodations for low, moderate, and middle-income year-round residents. This mission is accomplished through rental, homeownership, and educational programming. The organization's primary focus is providing safe, sanitary, and suitable living accommodations for the community's residents.
To achieve this goal, Nha Properties Inc has implemented two key programs: the Affordable Rental Program and the House Recycling Program. The Affordable Rental Program offers 38 scattered-site year-round rental homes to low, moderate, and middle-income residents of the community. Many of these homes have been developed through the House Recycling Program, an innovative and cost-effective initiative. Private individuals donate unwanted but structurally sound dwellings to Housing Nantucket (HN), the nonprofit's partner organization. HN then relocates these buildings to its land, which is permanently deed-restricted for affordable housing purposes. The buildings are then rehabilitated and rented at affordable rates to income-qualified year-round residents. The properties range from one-bedroom cottages to four-bedroom homes, ensuring that various income levels are accommodated. Regular inspections and maintenance ensure that the living environments are of high quality for the tenants.
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Impact
July, 2024
Nha Properties Inc's impact is significant in providing diverse types of safe, suitable, and sanitary living accommodations for low, moderate, and middle-income year-round residents of Nantucket County. Through programs like the Affordable Rental Program and the House Recycling Program, Nha Properties Inc offers affordable year-round rental homes to income-qualified residents. By developing and maintaining these homes, the organization contributes to the community by ensuring quality living environments for those in need. Nha Properties Inc's focus on affordable housing helps address the housing challenges faced by individuals in Nantucket County, ultimately enhancing the overall well-being of the community.
This information is meant to be a general summary of Nha Properties 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: $66,031
- Program Service Revenue: $700,105
- Gross Receipts: $2,237,265
Assets and Liabilities:
- Total Assets: $19,174,411
- Total Liabilities: $3,738,718
- Net Assets: $15,435,693
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS & TENANT RELATED
Revenue
$620,667
COVENANT INCOME
Revenue
$79,438
Organization Details
Founding Year
1994
Phone
(508) 228-4422Principal Officer
Paul A Wolf Jr
Main Address
PO BOX 3149, NANTUCKET, MA, 02554
Website
www.housingnantucket.orgNTEE Category
Code: L80Z - Housing
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