Overview
What is Litchfield Housing Trust Inc?
Litchfield Housing Trust Inc is a nonprofit organization that was established with a mission to assist individuals of modest means by providing and maintaining housing. They accomplish this by holding ownership of the land and leasing out the properties to those in need. This initiative aims to ensure that affordable housing remains accessible to a significant portion of the population. The organization's primary objective is to offer housing solutions, contributing positively to the community and addressing the housing needs of individuals with limited means.
Official website here: www.litchfieldhousingtrust.org
Is Litchfield Housing Trust Inc legitimate?
Litchfield Housing Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Litchfield Housing Trust 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: $70,523
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Other Salaries and Wages: $0
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Official website here: www.litchfieldhousingtrust.org
What is the mission statement of Litchfield Housing Trust Inc?
Litchfield Housing Trust Inc is an organization with a mission to provide housing opportunities for individuals of modest means. Established with the intent to own and manage property, the Trust leases its land to individuals in need, thereby fulfilling its mission to offer affordable housing. The Trust's primary goal is to make housing accessible to those who may not be able to afford it otherwise, thereby contributing to a more equitable living situation for these individuals. The Trust's activities are centered around the provision of housing, ensuring that individuals in need have a place to call home.
Official website here: www.litchfieldhousingtrust.org
Who is the CEO of Litchfield Housing Trust Inc?
Renee Mcgovern is the Trustee of Litchfield Housing Trust Inc.
Official website here: www.litchfieldhousingtrust.org
What is the revenue of Litchfield Housing Trust Inc?
Litchfield Housing Trust Inc's revenue in 2021 was $356,997.
Official website here: www.litchfieldhousingtrust.org
Who are the executives of Litchfield Housing Trust Inc and what are their salaries?
The average compensation at Litchfield Housing Trust Inc during 2021 was $70,523. There is 1 employee at Litchfield Housing Trust Inc.
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Official website here: www.litchfieldhousingtrust.org
Where can I find the form 990 for Litchfield Housing Trust Inc?
Litchfield Housing Trust Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.litchfieldhousingtrust.org
Learn more at the official website: www.litchfieldhousingtrust.org
Mission Statement of Litchfield Housing Trust Inc
Litchfield Housing Trust Inc, as a mission-driven organization, was established with the primary goal of providing housing solutions for individuals of modest means. The organization takes ownership of land and leases out the properties, effectively serving as a landlord for these individuals. By doing so, Litchfield Housing Trust Inc plays a crucial role in ensuring that individuals who may not have access to affordable housing can still secure a place to call their own. This mission is a testament to the organization's commitment to making a positive impact in the lives of those who need it most.
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Impact
October, 2024
Litchfield Housing Trust Inc has a significant impact by providing stable and affordable housing options for individuals of modest means in Litchfield, CT. By retaining ownership of the land and leasing properties to residents, the organization ensures that housing remains accessible and sustainably managed. This approach helps to alleviate housing insecurity and promotes community stability, allowing residents to thrive in an environment that supports their needs. The trust directly contributes to the well-being of the community by making housing more attainable, enabling individuals and families to focus on personal and economic growth without the burden of excessive housing costs.
This information is meant to be a general summary of Litchfield Housing Trust 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 2021.
- Investment Income: $55,363
- Program Service Revenue: $66,547
- Gross Receipts: $681,517
Assets and Liabilities:
- Total Assets: $4,167,467
- Total Liabilities: $1,256,587
- Net Assets: $2,910,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUND LEASE INCOME
Revenue
$32,415
RENTAL INCOME
Revenue
$34,132
Organization Details
Founding Year
1989
Phone
(860) 567-8932Principal Officer
Renee Mcgovern
Main Address
PO Box 1121, LITCHFIELD, CT, 06759
NTEE Category
Code: L20Z - Housing
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