Overview
What is Narragansett Affordable Housing Inc?
Narragansett Affordable Housing Inc is a nonprofit organization located at 25 FIFTH STREET, NARRAGANSETT, RI, 02882. Their primary mission is to provide affordable housing units for low and moderate-income individuals and families. They also engage in community outreach efforts and offer deed monitoring services. The organization aims to create and maintain affordable housing options, ensuring that these resources remain accessible to those in need. With a small team of two employees, Narragansett Affordable Housing Inc works diligently to improve living conditions and strengthen their community.
Is Narragansett Affordable Housing Inc legitimate?
Narragansett Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Narragansett 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $59,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Narragansett Affordable Housing Inc?
Narragansett Affordable Housing Inc's mission is centered around creating and maintaining affordable housing units for individuals and families with low to moderate income. Additionally, the organization provides community outreach services to support these individuals. Furthermore, they offer deed monitoring services to ensure the continuity of their housing mission. In essence, their goal is to enhance living conditions and offer assistance to those in need of affordable housing.
Who is the CEO of Narragansett Affordable Housing Inc?
Michael Mcloughlin is the Director of Narragansett Affordable Housing Inc.
What is the revenue of Narragansett Affordable Housing Inc?
Narragansett Affordable Housing Inc's revenue in 2023 was $123,589.
Who are the executives of Narragansett Affordable Housing Inc and what are their salaries?
The average compensation at Narragansett Affordable Housing Inc during 2023 was $29,834. There are 2 employees at Narragansett Affordable Housing Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Compensation: $29,833
- Related: $0
- Other: $0
- Compensation: $29,833
- Related: $0
- Other: $0
Where can I find the form 990 for Narragansett Affordable Housing Inc?
Narragansett Affordable Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Narragansett Affordable Housing Inc
Narragansett Affordable Housing Inc, a nonprofit organization, is committed to creating and maintaining affordable housing opportunities for low and moderate-income individuals and families. Beyond providing affordable housing units, this organization also extends its reach into the community, offering outreach services. Furthermore, Narragansett Affordable Housing Inc is responsible for deed monitoring services, ensuring the long-term affordability and integrity of the housing units it manages. The mission of this organization is to foster a sense of stability and security for those who may otherwise struggle with housing costs.
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Impact
October, 2024
Narragansett Affordable Housing Inc plays a vital role in enhancing the quality of life for low and moderate-income individuals and families in the Narragansett area. By creating and maintaining affordable housing options, the organization addresses the pressing need for accessible rental units, enabling families to secure stable living environments.
Through community outreach initiatives, they educate and connect residents with resources that support their housing needs, fostering a sense of community and inclusion. Additionally, the provision of deed monitoring services ensures that affordable housing remains accessible over time, safeguarding these critical resources for future generations. Overall, Narragansett Affordable Housing Inc significantly contributes to economic stability and social equity in the region.
This information is meant to be a general summary of Narragansett 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 2023.
- Investment Income: $9
- Program Service Revenue: $35,695
- Gross Receipts: $155,168
Assets and Liabilities:
- Total Assets: $505,618
- Total Liabilities: $552,644
- Net Assets: -$47,026
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONITORING PROGRAM
Revenue
$16,600
DOWNPAYMENT ASSISTANCE
Revenue
$15,000
OTHER INCOME
Revenue
$4,095
Organization Details
Founding Year
1999
Phone
(401) 782-0642Principal Officer
Michael Mcloughlin
Main Address
25 FIFTH STREET, NARRAGANSETT, RI, 02882
NTEE Category
Code: L80 - Housing
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