Overview
What is Highland Affordable Housing Inc?
Highland Affordable Housing Inc is a nonprofit organization situated in Truro, Massachusetts (02666). Their primary mission is to expand the availability of affordable housing in the community. Through their operations, they generate income from the rental of affordable housing units within Truro. The organization is committed to providing affordable housing, contributing to the betterment of the local community.
Official website here: www.highlandaffordablehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Highland Affordable Housing Inc has received a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The score is based entirely on its Accountability & Finance metrics, where it achieved a score of 90%. This rating indicates that the organization is financially transparent and effectively manages its resources.
One of the strengths of Highland Affordable Housing Inc is its independent board, which consists entirely of independent members, scoring full points in that category. Their financial management is also notable, with an impressive program expense ratio of 99.35%, suggesting that the majority of its funds are directed towards its housing programs rather than administrative costs. Additionally, the organization has implemented policies for conflict of interest and document retention, further showcasing its governance efforts.
However, a limitation identified in the evaluation is the absence of a whistleblower policy, which received a score of zero. This lack may raise concerns about safeguarding internal reporting and accountability mechanisms. Despite this, the overall financial health and operational transparency of Highland Affordable Housing Inc position it as a responsible nonprofit organization in the affordable housing sector.
This AI summary has been generated from information found on Charity Navigator.
Is Highland Affordable Housing Inc legitimate?
Highland Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland 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.
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Official website here: www.highlandaffordablehousing.org
What is the mission statement of Highland Affordable Housing Inc?
Highland Affordable Housing Inc's mission is centered around expanding the availability of affordable housing. In essence, the organization aims to make housing more affordable for various individuals. To achieve this, Highland Affordable Housing Inc generates revenue through the rental of its affordable housing units. The primary focus of the organization is to provide affordable housing solutions, contributing positively to the livelihoods of many individuals.
Official website here: www.highlandaffordablehousing.org
Who is the CEO of Highland Affordable Housing Inc?
Kathleen Henry is the President of Highland Affordable Housing Inc.
Official website here: www.highlandaffordablehousing.org
What is the revenue of Highland Affordable Housing Inc?
Highland Affordable Housing Inc's revenue in 2022 was $61,449.
Official website here: www.highlandaffordablehousing.org
Who are the executives of Highland Affordable Housing Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.highlandaffordablehousing.org
Where can I find the form 990 for Highland Affordable Housing Inc?
Highland Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.highlandaffordablehousing.org
Learn more at the official website: www.highlandaffordablehousing.org
Mission Statement of Highland Affordable Housing Inc
Highland Affordable Housing Inc, as the name suggests, is a nonprofit organization with a mission to expand the availability of affordable housing. Their primary goal is to provide affordable housing options within their capacity, without specifying a specific location in the text provided. This organization generates revenue through the rental of its affordable housing units, contributing to its mission of making housing more accessible to a broader population.
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Impact
August, 2024
Highland Affordable Housing Inc's impact is significant in increasing the supply of affordable housing in the town of Truro, Massachusetts. Their mission to provide affordable housing is crucial in addressing housing issues and ensuring that individuals and families have access to safe and affordable housing options. Their revenue from the rental of affordable housing units further supports their efforts in creating a more equitable community in Truro. By focusing on this important aspect of community development, Highland Affordable Housing Inc is making a positive impact on the lives of those in need of affordable housing in the town.
This information is meant to be a general summary of Highland 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 2022.
- Investment Income: $80
- Program Service Revenue: $53,402
- Gross Receipts: $61,449
Assets and Liabilities:
- Total Assets: $845,585
- Total Liabilities: $173,697
- Net Assets: $671,888
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$53,402
Organization Details
Founding Year
1995
Phone
(508) 487-6226Principal Officer
Kathleen Henry
Main Address
POBOX 362, TRURO, MA, 026660362
NTEE Category
Code: L20 - Housing
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