Overview
What is Rockland Housing Foundation Inc?
Rockland Housing Foundation Inc is a nonprofit organization headquartered in Rockland, Massachusetts, specifically at 8 Studley CT. Their primary mission is to promote, develop, and manage low and moderate-income housing, contributing to the broader goal of providing decent housing opportunities for families with limited financial resources. The foundation was established to uphold the mission of the Rockland Housing Authority, which is dedicated to ensuring safe and affordable housing in the town of Rockland.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Rockland Housing Foundation Inc has received a commendable score of 87%, highlighting its strong performance in accountability and finance. This rating reflects the organization’s commitment to transparency and responsible financial management, which is crucial for maintaining donor trust and support. The score is calculated entirely from its accountability and finance metrics, showing a focused approach to these aspects.
Strengths of the foundation include a fully independent board, which has been recognized for its effective governance with a perfect score in board independence. The organization has no reported material diversion of assets and maintains excellent policies for document retention and whistleblower protection, indicating a robust governance framework. Additionally, an impressive program expense ratio of 96.56% signifies that a substantial portion of its expenses are directed towards its mission-related activities.
However, while the charity excels in accountability and finance, the summary does not provide insights into the specific impact of its programs or services. Future assessments could benefit from a broader evaluation that includes program effectiveness and outcomes to give a more comprehensive picture of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Rockland Housing Foundation Inc legitimate?
Rockland Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockland Housing Foundation 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 Rockland Housing Foundation Inc?
The Rockland Housing Foundation Inc., established with the purpose of supporting the Rockland Housing Authority, is committed to furthering its mission of providing secure and decent housing for low- and moderate-income families. This non-profit organization's primary activity involves the development and management of affordable housing real estate, aiming to contribute to the availability of low-rent accommodations. By doing so, the Rockland Housing Foundation Inc. plays a crucial role in ensuring that families with limited financial means have access to suitable and affordable housing.
Who is the CEO of Rockland Housing Foundation Inc?
John P Mckeown is the Chairman of Rockland Housing Foundation Inc.
What is the revenue of Rockland Housing Foundation Inc?
Rockland Housing Foundation Inc's revenue in 2022 was $47,307.
Who are the executives of Rockland Housing Foundation Inc and what are their salaries?
There 5 volunteers at Rockland Housing Foundation Inc.
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Rockland Housing Foundation Inc?
Rockland Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rockland Housing Foundation Inc
Rockland Housing Foundation Inc, established with the primary objective, aims to promote, develop, and manage low and moderate-income housing. The foundation's mission is deeply interconnected with the Rockland Housing Authority's broader goal of providing decent and safe housing to families within this income bracket. In essence, Rockland Housing Foundation Inc was formed to further the mission of its parent organization, ensuring that low-income families have access to affordable housing options. The foundation's activities primarily involve the development and operation of low-rent real estate properties, thereby contributing to the overall goal of making housing more accessible for a significant portion of the population.
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Impact
August, 2024
Rockland Housing Foundation Inc plays a crucial role in addressing the housing needs of low and moderate-income families in Rockland, Massachusetts. By promoting, developing, and managing affordable housing options, the foundation significantly contributes to improving the quality of life for individuals and families in the community. Through its focus on the development and operation of low rent and affordable housing real estate, Rockland Housing Foundation Inc helps ensure that residents have access to safe and decent housing options. Their commitment to providing affordable housing aligns with their mission to support the Rockland Housing Authority's efforts in meeting the housing needs of the community. Overall, Rockland Housing Foundation Inc's impact is felt through its dedication to creating a more inclusive and sustainable housing environment for those in need.
This information is meant to be a general summary of Rockland Housing Foundation 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: $7,307
- Program Service Revenue: $40,000
- Gross Receipts: $47,307
Assets and Liabilities:
- Total Assets: $380,709
- Total Liabilities: $1,000
- Net Assets: $379,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$40,000
Organization Details
Founding Year
2007
Phone
(781) 878-4156Principal Officer
John P Mckeown
Main Address
8 STUDLEY CT, ROCKLAND, MA, 02370
NTEE Category
Code: L22 - Housing
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