Overview
What is Falmouth Housing Corporation?
The Falmouth Housing Corporation, situated in Falmouth, Massachusetts, is a dedicated nonprofit organization. Its primary objective is to ensure the acquisition, construction, maintenance, and availability of affordable housing for individuals and families in need of financial assistance within the town. To achieve this mission, the corporation engages in educational initiatives, stimulates research, and actively promotes affordable housing options. With a team of 15 employees, the Falmouth Housing Corporation is committed to enhancing the living conditions of its community.
Official website here: www.falmouthhousingcorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Falmouth Housing Corporation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management, with a perfect score in these areas. The organization demonstrates high transparency, evidenced by its independent board structure and comprehensive policies on conflicts of interest and whistleblower protections.
Key strengths include a robust financial oversight system, with no reported material diversion of assets and an impressive program expense ratio of 86.45%. This indicates that a significant portion of its budget is directed towards its programs rather than administrative costs, which is a positive indicator of its effectiveness in fulfilling its mission.
While the organization excels in accountability and financial practices, no specific information is provided regarding its programmatic outcomes or community impact. Future evaluations could benefit from insights into the effectiveness of its programs and the tangible differences it makes in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Falmouth Housing Corporation legitimate?
Falmouth Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Falmouth Housing Corporation 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: $386,299
For more financial information, click here
Official website here: www.falmouthhousingcorp.org
What is the mission statement of Falmouth Housing Corporation?
The Falmouth Housing Corporation's mission is centered around three key areas: education, stimulation, research, and providing affordable housing. They aim to achieve this by acquiring, constructing, managing, maintaining, and making available affordable housing through any available resources. Their goal is to cater to individuals or families in need of economic assistance. The corporation also engages in stimulating activities and conducts research to contribute to the affordable housing sector.
Official website here: www.falmouthhousingcorp.org
Who is the CEO of Falmouth Housing Corporation?
Linda Clark is the President/Ex of Falmouth Housing Corporation.
Official website here: www.falmouthhousingcorp.org
What is the revenue of Falmouth Housing Corporation?
Falmouth Housing Corporation's revenue in 2022 was $1,339,676.
Official website here: www.falmouthhousingcorp.org
Who are the executives of Falmouth Housing Corporation and what are their salaries?
The average compensation at Falmouth Housing Corporation during 2022 was $25,753. There are 15 employees at Falmouth Housing Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $148,232
- Other: $10,772
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.falmouthhousingcorp.org
Where can I find the form 990 for Falmouth Housing Corporation?
Falmouth Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.falmouthhousingcorp.org
Learn more at the official website: www.falmouthhousingcorp.org
Mission Statement of Falmouth Housing Corporation
Falmouth Housing Corporation, as a nonprofit organization, is dedicated to three key objectives: education, stimulation, research, and providing affordable housing. Their mission is to educate the community about the importance of affordable housing and stimulate discussions on the topic. Additionally, they conduct research to better understand the needs of those in need of economic assistance and develop strategies to address these needs. At the heart of their mission, Falmouth Housing Corporation strives to provide affordable housing to individuals and families who require economic assistance. They accomplish this by acquiring, constructing, managing, maintaining, and making available affordable housing units through various resources. The organization's ultimate goal is to contribute to a more equitable and inclusive housing landscape, ensuring that everyone has access to a safe and affordable place to call home.
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Impact
July, 2024
Falmouth Housing Corporation's impact lies in its dedicated efforts to educate, stimulate, research, and provide affordable housing in the town of Falmouth, Massachusetts. By acquiring, constructing, managing, maintaining, and making available affordable housing to individuals and families in need of economic assistance, this organization plays a crucial role in addressing housing challenges within the community. Through its mission to provide access to affordable housing resources, Falmouth Housing Corporation positively influences the lives and well-being of residents in the town of Falmouth.
This information is meant to be a general summary of Falmouth Housing Corporation. 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: $41,642
- Program Service Revenue: $885,665
- Gross Receipts: $1,637,563
Assets and Liabilities:
- Total Assets: $8,622,762
- Total Liabilities: $177,636
- Net Assets: $8,445,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT & AGENCY FEES
Revenue
$603,071
DEVELOPMENT FEE
Revenue
$184,158
RENT REVENUE
Revenue
$98,428
LAUNDRY INCOME
Revenue
$8
Organization Details
Founding Year
1996
Phone
(508) 540-4009Principal Officer
Linda Clark
Main Address
704 MAIN STREET, FALMOUTH, MA, 025403598
Website
www.falmouthhousingcorp.orgNTEE Category
Code: L20 - Housing
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