Overview
What is The Non-Profit Rental Housing Corporation?
The Non-Profit Rental Housing Corporation, based in Danbury, Connecticut at 323 Main Street, is an organization dedicated to making housing accessible for individuals with low and moderate incomes. By serving as a provider, their mission is to ensure that affordable housing options are available within their community. This nonprofit corporation is committed to enhancing living conditions for these income groups, contributing positively to their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating from Charity Navigator.
The Non-Profit Rental Housing Corporation has received a Two-Star rating, indicating room for improvement in its overall accountability and financial practices. While the organization boasts a fully independent board and has a strong program expense ratio, signifying efficient allocation of resources toward its mission, several critical policies and financial transparency measures are notably absent.
The charity's strong points include a low liabilities-to-assets ratio and a confirmed absence of asset diversion, reflecting a stable financial position. However, the lack of financial statements and missing essential governance documents, such as a conflict of interest policy and a whistleblower policy, detracts from its accountability score. These weaknesses may raise concerns among potential donors regarding the organization’s commitment to transparency and ethical practices.
Overall, while The Non-Profit Rental Housing Corporation demonstrates certain strengths, particularly in its independent governance and program spending, it faces significant challenges in establishing robust accountability measures. Addressing these gaps could enhance trust and support from the community and potential funders.
This AI summary has been generated from information found on Charity Navigator.
Is The Non-Profit Rental Housing Corporation legitimate?
The Non-Profit Rental Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Non-Profit Rental Housing Corporation 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:
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What is the mission statement of The Non-Profit Rental Housing Corporation?
The Non-Profit Rental Housing Corporation's mission is centered around making housing accessible for individuals with moderate and low incomes. In line with this, their primary objective is to offer housing opportunities to this demographic. The corporation strives to ensure that affordable housing is within reach for those who need it most. They actively work towards this goal by providing housing solutions, aiming to enhance the living situations of these income groups. The organization's focus is on making a significant impact in the lives of those who may otherwise struggle with housing affordability.
Who is the CEO of The Non-Profit Rental Housing Corporation?
Mark J Nolan is the President/Treasurer of The Non-Profit Rental Housing Corporation.
What is the revenue of The Non-Profit Rental Housing Corporation?
The Non-Profit Rental Housing Corporation's revenue in 2022 was $835,909.
Who are the executives of The Non-Profit Rental Housing Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for The Non-Profit Rental Housing Corporation?
The Non-Profit Rental Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Non-Profit Rental Housing Corporation
The Non-Profit Rental Housing Corporation is dedicated to a noble mission: making housing accessible to individuals and families with moderate and low incomes. This mission is encapsulated in their core activity, which is to provide housing opportunities for those who fall within these income brackets. In essence, this nonprofit organization seeks to bridge the housing gap, ensuring that everyone has a roof over their heads, regardless of their financial situation. By doing so, they contribute significantly to the well-being and stability of their community.
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Impact
July, 2024
The Non-Profit Rental Housing Corporation plays a crucial role in making housing available to low and moderate-income individuals in Danbury, CT. By providing housing opportunities for individuals who may struggle to afford decent accommodation, the organization directly addresses the pressing issue of affordable housing in the community. This impact helps to improve the quality of life for those in need, providing stability and security through safe and affordable housing options. By focusing on this mission, The Non-Profit Rental Housing Corporation contributes significantly to addressing housing insecurity and promoting financial resilience among vulnerable populations in the area.
This information is meant to be a general summary of The Non-Profit Rental Housing Corporation. 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: $1,407
- Program Service Revenue: $830,518
- Gross Receipts: $835,909
Assets and Liabilities:
- Total Assets: $2,771,043
- Total Liabilities: $160,709
- Net Assets: $2,610,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$830,518
Organization Details
Founding Year
1995
Phone
(203) 797-8255Principal Officer
Mark J Nolan
Main Address
323 MAIN STREET, DANBURY, CT, 06810
NTEE Category
Code: L99 - Housing
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