Overview
What is Neighborhood Housing Services Of New Haven Inc?
Neighborhood Housing Services of New Haven Inc is a community-focused nonprofit organization, based in New Haven, Connecticut. Their primary mission is to enhance neighborhood stability by providing loans to homeowners who struggle to obtain alternative financing. This financial aid facilitates housing construction and renovation projects. In addition to monetary support, the organization offers related services such as technical assistance, financial counseling, and referral services, aiming to support homeowners and contribute to neighborhood growth. With a workforce of 23 individuals, Neighborhood Housing Services of New Haven Inc plays a crucial role in fostering local community development.
Official website here: www.nhsofnewhaven.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%
Neighborhood Housing Services of New Haven, Inc. has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The organization boasts an impressive score of 92 for accountability and finance, indicating that it effectively manages its resources with a high program expense ratio of 88.20%. Additionally, the organization is governed by a fully independent board, ensuring transparency and oversight in its operations.
User feedback highlights the organization’s strengths in community engagement and support. Volunteers have noted NHS's effective communication, knowledge, and experience in working with local communities to improve quality of life. Their collaborative approach, exemplified by initiatives like tree planting, demonstrates a commitment to fostering healthier living environments and empowering community members.
However, the organization faces some challenges in equity policies and data collection, as indicated by its scores in these areas. While NHS collects and utilizes constituent feedback effectively, there is room for improvement in its equity strategies and data practices. Overall, Neighborhood Housing Services of New Haven continues to make a positive impact in the community while striving to enhance its policies and processes further.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Neighborhood Housing Services Of New Haven Inc legitimate?
Neighborhood Housing Services Of New Haven Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of New Haven 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: $563,919
For more financial information, click here
Official website here: www.nhsofnewhaven.org
What is the mission statement of Neighborhood Housing Services Of New Haven Inc?
Neighborhood Housing Services of New Haven Inc has a mission to stabilize communities primarily through providing loans to homeowners who cannot secure alternative financing. This is complemented by construction and rehabilitation of housing. Their related services include offering technical assistance, financial counseling, and referral services to assist homeowners in need. The organization aims to improve neighborhoods by providing these comprehensive housing solutions.
Official website here: www.nhsofnewhaven.org
Who is the CEO of Neighborhood Housing Services Of New Haven Inc?
Dr James Paley is the Board Member of Neighborhood Housing Services Of New Haven Inc.
Official website here: www.nhsofnewhaven.org
What is the revenue of Neighborhood Housing Services Of New Haven Inc?
Neighborhood Housing Services Of New Haven Inc's revenue in 2022 was $2,400,821.
Official website here: www.nhsofnewhaven.org
Who are the executives of Neighborhood Housing Services Of New Haven Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of New Haven Inc during 2022 was $24,518. There are 23 employees at Neighborhood Housing Services Of New Haven Inc.
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Official website here: www.nhsofnewhaven.org
Where can I find the form 990 for Neighborhood Housing Services Of New Haven Inc?
Neighborhood Housing Services Of New Haven Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhsofnewhaven.org
Learn more at the official website: www.nhsofnewhaven.org
Mission Statement of Neighborhood Housing Services Of New Haven Inc
Neighborhood Housing Services of New Haven Inc is dedicated to stabilizing communities primarily through providing loans to homeowners who struggle to obtain alternative financing. This community-based organization also offers construction and rehabilitation of housing, along with related services such as technical assistance, financial counseling, and referral services. The aim is to strengthen neighborhoods and make housing more accessible to those in need. By offering these comprehensive services, Neighborhood Housing Services of New Haven Inc works towards improving the overall living conditions within its communities.
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Impact
July, 2024
Neighborhood Housing Services Of New Haven Inc's impact lies in its community-based housing program, which is designed to stabilize neighborhoods by providing loans to home owners who are unable to obtain alternative financing. Additionally, the organization contributes to the construction and rehabilitation of housing in the area. Their services extend beyond financial assistance to include technical support, financial counseling, and referral services. Through these initiatives, Neighborhood Housing Services Of New Haven Inc plays a crucial role in fostering stable and thriving neighborhoods in New Haven.
This information is meant to be a general summary of Neighborhood Housing Services Of New Haven 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: -$5
- Program Service Revenue: $1,089,351
- Gross Receipts: $2,400,821
Assets and Liabilities:
- Total Assets: $4,922,604
- Total Liabilities: $2,397,986
- Net Assets: $2,524,618
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX CREDIT PROGRAMS
Revenue
$541,500
SALE OF REHAB PROPERTIES
Revenue
$260,000
RENTAL INCOME
Revenue
$152,790
INCOME FROM SPECIAL PROJECTS
Revenue
$95,000
HOME OWNERSHIP FEES
Revenue
$40,061
Organization Details
Founding Year
1979
Phone
(203) 562-0598Principal Officer
Dr James Paley
Main Address
333 SHERMAN AVENUE, NEW HAVEN, CT, 06511
Website
www.nhsofnewhaven.orgNTEE Category
Code: L80Z - Housing
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