Overview
What is The Housing Partnership Fund Inc?
The Housing Partnership Fund Inc, located in Boston, Massachusetts, is a nonprofit organization. Its primary mission involves providing financial assistance for the purchase, rehabilitation, and development of affordable housing units. This endeavor is aimed at benefiting low and moderate-income individuals and families. By offering revolving loans, the organization plays a crucial role in ensuring that affordable housing remains accessible within the community.
Official website here: www.housingpartnership.net
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
The Housing Partnership Fund Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is based entirely on its Accountability & Finance metrics, showcasing the organization's commitment to transparency and responsible financial management. The fund has demonstrated a high level of accountability, with 100% independent board members and a strong program expense ratio of 88.14%, indicating that a significant portion of its resources is directed towards its mission.
Strengths of The Housing Partnership Fund include its robust governance practices, such as having a conflict of interest policy and a whistleblower policy in place. The organization has also effectively managed its financial statements, as evidenced by the high scores in audit oversight and document retention practices. The absence of any material diversion of assets further reinforces its credibility and trustworthiness as a nonprofit.
While the organization exhibits many strengths in financial accountability and governance, the single focus on Accountability & Finance may suggest a limited perspective on overall effectiveness and programmatic impact. Future evaluations could benefit from a broader assessment that includes program outcomes and community feedback to provide a more comprehensive view of the organization's success and areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Partnership Fund Inc legitimate?
The Housing Partnership Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Partnership Fund 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
For more financial information, click here
Official website here: www.housingpartnership.net
What is the mission statement of The Housing Partnership Fund Inc?
The Housing Partnership Fund Inc's mission is centered around providing financing for the acquisition, renovation, and construction of affordable housing. This organization offers revolving loans specifically designed for purchasing, renovating, and developing housing units. These housing units are intended for low and moderate-income individuals and families, contributing to the availability of affordable living spaces for a significant portion of the population.
Official website here: www.housingpartnership.net
Who is the CEO of The Housing Partnership Fund Inc?
Catherine Rodriguez is the Treasurer of The Housing Partnership Fund Inc.
Official website here: www.housingpartnership.net
What is the revenue of The Housing Partnership Fund Inc?
The Housing Partnership Fund Inc's revenue in 2022 was $4,692,350.
Official website here: www.housingpartnership.net
Who are the executives of The Housing Partnership Fund Inc and what are their salaries?
There 7 volunteers at The Housing Partnership Fund Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $337,100
- Other: $54,610
- Compensation: $0
- Related: $245,060
- Other: $49,479
- Compensation: $0
- Related: $158,413
- Other: $39,427
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.housingpartnership.net
Where can I find the form 990 for The Housing Partnership Fund Inc?
The Housing Partnership Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingpartnership.net
Learn more at the official website: www.housingpartnership.net
Mission Statement of The Housing Partnership Fund Inc
The Housing Partnership Fund Inc, as a nonprofit organization, is dedicated to providing financing for the purchase, rehabilitation, and development of affordable housing. This mission is carried out by offering revolving loans specifically tailored for the purchase, rehabilitation, and development of housing units. These housing units will subsequently be made available to low and moderate income individuals and families. By fulfilling this role, The Housing Partnership Fund Inc plays a crucial part in addressing the housing needs of a significant portion of the community, ensuring that affordable housing remains within reach for those who may otherwise struggle to secure it.
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Impact
July, 2024
The Housing Partnership Fund Inc's impact is felt directly in the community through its provision of financing for the purchase, rehabilitation, and development of affordable housing. This initiative aims to make housing accessible to low and moderate-income individuals and families, contributing to the overall well-being and stability of the community. By offering revolving loans for housing projects, The Housing Partnership Fund Inc plays a crucial role in addressing the housing needs of those who may otherwise struggle to find suitable and affordable accommodations.
This information is meant to be a general summary of The Housing Partnership Fund 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: $12,589
- Program Service Revenue: $3,542,862
- Gross Receipts: $4,692,350
Assets and Liabilities:
- Total Assets: $71,841,462
- Total Liabilities: $54,686,699
- Net Assets: $17,154,763
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$3,038,556
LOAN FEES
Revenue
$304,810
CONTRACTS AND OTHER
Revenue
$199,496
Organization Details
Founding Year
1999
Phone
(617) 720-1999Principal Officer
Catherine Rodriguez
Main Address
1 WASHINGTON MALL 12TH FLOOR, BOSTON, MA, 02108
Website
www.housingpartnership.netNTEE Category
Code: L12 - Housing
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