Overview
What is National Affordable Housing Foundation Taunton Inc?
National Affordable Housing Foundation Taunton Inc, located in Waltham, Massachusetts, is a dedicated nonprofit organization. Their primary mission is to develop and make available 116 units of low and moderate income housing, adhering to existing U.S. HUD guidelines. Their activities and mission extend beyond just housing development, as they also strive to educate the community about affordable housing matters. This organization works tirelessly to promote and engage in the development of affordable housing solutions, aiming to contribute positively to the living situation of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
The National Affordable Housing Foundation Taunton Inc has received a Two-Star rating from Charity Navigator, indicating room for improvement in its overall accountability and financial practices. The organization showcases strong governance with a fully independent board and well-maintained financial statements, highlighting its commitment to transparency in several areas.
However, the rating reflects significant concerns regarding organizational policies and financial health. Notably, the foundation lacks a whistleblower policy and document retention guidelines, which are critical for ensuring accountability. Additionally, the high liabilities to assets ratio suggests potential financial instability, which may impact its ability to sustain operations in the long term.
Despite these limitations, the organization demonstrates a commendable program expense ratio, indicating a substantial portion of its funding is directed toward its mission-related activities. This focus on programmatic spending suggests a dedication to its cause, even as it works to strengthen its governance and financial frameworks.
This AI summary has been generated from information found on Charity Navigator.
Is National Affordable Housing Foundation Taunton Inc legitimate?
National Affordable Housing Foundation Taunton Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Affordable Housing Foundation Taunton 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of National Affordable Housing Foundation Taunton Inc?
National Affordable Housing Foundation Taunton Inc is committed to fostering and engaging in the development of affordable housing. This organization aims to provide education on the topic as well. Their primary mission is to develop and make available, for rental purposes, a substantial number of units of low and moderate income housing, adhering to existing U.S. HUD guidelines. By doing so, they contribute to addressing the housing needs of individuals with limited financial means.
Who is the CEO of National Affordable Housing Foundation Taunton Inc?
William S Casper is the Director of National Affordable Housing Foundation Taunton Inc.
What is the revenue of National Affordable Housing Foundation Taunton Inc?
National Affordable Housing Foundation Taunton Inc's revenue in 2022 was $2,136,154.
Who are the executives of National Affordable Housing Foundation Taunton Inc and what are their salaries?
There 4 volunteers at National Affordable Housing Foundation Taunton Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for National Affordable Housing Foundation Taunton Inc?
National Affordable Housing Foundation Taunton Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Affordable Housing Foundation Taunton Inc
National Affordable Housing Foundation Taunton Inc is dedicated to promoting and actively participating in the creation of affordable housing for individuals with moderate and low incomes. Beyond this, the organization also aims to educate the public about the importance of affordable housing. In accomplishing its mission, National Affordable Housing Foundation Taunton Inc develops and makes available 116 units of housing that are suitable for rental, adhering to the existing U.S. HUD guidelines. These initiatives contribute to the overall goal of providing affordable housing options for a significant number of individuals.
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Impact
July, 2024
The National Affordable Housing Foundation Taunton Inc's impact lies in its dedication to fostering and engaging in the development of low/moderate-income housing. Through its mission to provide education regarding affordable housing and its operation of 116 units of low and moderate-income housing, this organization is directly contributing to addressing the critical need for affordable housing in the community. By adhering to existing U.S. HUD guidelines and actively working to make these units available for rental purposes, the foundation is making a tangible difference in ensuring that individuals and families have access to safe and affordable housing options.
This information is meant to be a general summary of National Affordable Housing Foundation Taunton 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: $1,899
- Program Service Revenue: $2,113,262
- Gross Receipts: $2,136,154
Assets and Liabilities:
- Total Assets: $6,456,833
- Total Liabilities: $6,847,145
- Net Assets: -$390,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,113,262
Organization Details
Founding Year
1995
Phone
(781) 547-4280Principal Officer
William S Casper
Main Address
465 WAVERLY OAKS RD 211, WALTHAM, MA, 02452
NTEE Category
Code: L210 - Housing
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