Overview
What is Interfaith Homesinc C/O Stratford Managementllc?
Interfaith Homesinc C/O Stratford Managementllc is a nonprofit organization situated in Bloomfield, Connecticut, specifically at 800 Cottage Grove Rd Building 5. Their primary mission is to provide affordable housing for qualified individuals and families falling under the low and moderate income bracket. With a dedicated workforce of seven employees, they strive to make housing accessible to those in need, contributing positively to their local community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67% (Two-Star out of Four Star rating)
Interfaith Homesinc C/O Stratford Managementllc has received a Two-Star rating from Charity Navigator, indicating an overall score calculated solely from its Accountability & Finance metrics. The organization demonstrates strong governance practices, exemplified by having 100% independent board members and maintaining full documentation of board meeting minutes.
Strengths of the organization include a solid liabilities to assets ratio of 4.43%, suggesting financial stability. Furthermore, the program expense ratio is reported at 100%, indicating that all expenses are directed toward program services, which is a positive sign for donor confidence.
However, the overall rating of 67% reflects areas where improvements could be made to enhance transparency and effectiveness. While the financial governance is commendable, the charity may need to focus on broader impact metrics to strengthen its rating and overall organizational performance.
This AI summary has been generated from information found on Charity Navigator.
Is Interfaith Homesinc C/O Stratford Managementllc legitimate?
Interfaith Homesinc C/O Stratford Managementllc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interfaith Homesinc C/O Stratford Managementllc 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: $175,960
For more financial information, click here
What is the mission statement of Interfaith Homesinc C/O Stratford Managementllc?
Interfaith Homesinc C/O Stratford Management LLC is dedicated to providing affordable housing solutions for eligible individuals and families. Their primary mission is to cater to this specific income bracket, ensuring that suitable living accommodations are accessible to those in need. By offering low and moderate income housing, they aim to contribute positively to the community, providing a stable living environment for numerous families.
Who is the CEO of Interfaith Homesinc C/O Stratford Managementllc?
Barbara L Reisner is the President of Interfaith Homesinc C/O Stratford Managementllc.
What is the revenue of Interfaith Homesinc C/O Stratford Managementllc?
Interfaith Homesinc C/O Stratford Managementllc's revenue in 2023 was $1,483,428.
Who are the executives of Interfaith Homesinc C/O Stratford Managementllc and what are their salaries?
The average compensation at Interfaith Homesinc C/O Stratford Managementllc during 2023 was $25,137. There are 7 employees at Interfaith Homesinc C/O Stratford Managementllc.
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Where can I find the form 990 for Interfaith Homesinc C/O Stratford Managementllc?
Interfaith Homesinc C/O Stratford Managementllc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Interfaith Homesinc C/O Stratford Managementllc
Interfaith Homesinc C/O Stratford Management LLC is dedicated to providing low and moderate income housing opportunities for qualified individuals and families. The nonprofit organization's mission is centered around this objective, aiming to make housing affordable and accessible to those who need it most. By offering such housing, Interfaith Homesinc C/O Stratford Management LLC seeks to contribute to the well-being and stability of its community members, offering them a secure base from which to build and sustain their lives.
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Impact
July, 2024
Interfaith Homesinc C/O Stratford Management LLC's impact lies in providing low and moderate income housing for qualified individuals and families in Bloomfield, CT. They offer housing solutions that assist those in need and contribute to creating stable and affordable living conditions in the community. Through their mission of providing housing for qualified individuals and families, they directly address the issue of affordable housing accessibility, positively impacting the lives of many residents in the area.
This information is meant to be a general summary of Interfaith Homesinc C/O Stratford Managementllc. 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: $10,217
- Program Service Revenue: $1,463,306
- Gross Receipts: $1,483,428
Assets and Liabilities:
- Total Assets: $1,570,559
- Total Liabilities: $69,610
- Net Assets: $1,500,949
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,463,306
Organization Details
Founding Year
1972
Phone
(860) 286-8670Principal Officer
Barbara L Reisner
Main Address
800 COTTAGE GROVE RDBLDG 5, BLOOMFIELD, CT, 06002
NTEE Category
Code: L20Z - Housing
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