Overview
What is Interfaith Housing Inc?
Interfaith Housing Inc, situated in New Britain, Connecticut, is a nonprofit organization dedicated to serving low to moderate income families. With a modest workforce of three individuals, their primary mission is to provide housing solutions. By renting out apartment units, Interfaith Housing Inc strives to make a significant impact in the community, offering a secure living environment for families in need. Their core activity involves housing provision, ensuring that families have access to affordable and safe accommodations.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67% (Two-Star out of Four Star rating).
Interfaith Housing Inc has received a Two-Star rating, reflecting an overall score of 67%. The organization's strong performance in governance and transparency is highlighted by its perfect score for having a majority of independent board members and maintaining thorough financial statements. Additionally, the charity demonstrates a high program expense ratio, indicating that a significant portion of its expenditures directly supports its mission.
However, the organization faces challenges, particularly in its financial health, as indicated by a low score in the liabilities to assets ratio. This suggests potential concerns regarding financial stability, which may affect its ability to sustain operations and fulfill its objectives. Overall, while Interfaith Housing Inc excels in governance practices, there are areas of financial management that need attention to improve its rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Interfaith Housing Inc legitimate?
Interfaith Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interfaith 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,137
For more financial information, click here
What is the mission statement of Interfaith Housing Inc?
Interfaith Housing Inc is committed to providing housing solutions for families with low to moderate income. Their primary mission is to offer rental apartment units to these households, aiming to contribute to their stable living conditions. The organization's goal is to make housing accessible and affordable, thereby supporting the well-being and stability of families within their community. Interfaith Housing Inc's activities are centered around addressing the housing needs of low-income families, providing them with a secure living environment.
Who is the CEO of Interfaith Housing Inc?
Frank D Marro is the Principal Officer of Interfaith Housing Inc.
What is the revenue of Interfaith Housing Inc?
Interfaith Housing Inc's revenue in 2023 was $881,722.
Who are the executives of Interfaith Housing Inc and what are their salaries?
The average compensation at Interfaith Housing Inc during 2023 was $26,379. There are 3 employees at Interfaith Housing Inc.
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Where can I find the form 990 for Interfaith Housing Inc?
Interfaith Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Interfaith Housing Inc
Interfaith Housing Inc, as a nonprofit organization, is dedicated to providing housing solutions for families with low to moderate income. This mission is carried out through the rental of apartment units, offering a sanctuary for these households in need. By offering affordable housing options, Interfaith Housing Inc plays a crucial role in ensuring that families can maintain a stable living environment, which is essential for their overall well-being and development. The organization's commitment to affordable housing allows families to focus on other important aspects of their lives, such as education, employment, and personal growth. By providing housing, Interfaith Housing Inc is making a significant contribution to the community by fostering stability and promoting self-sufficiency among its residents.
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Impact
July, 2024
Interfaith Housing Inc's impact can be seen in its provision of housing for families with low to moderate income in New Britain, CT. By renting apartment units to these households, Interfaith Housing Inc helps address the housing needs of vulnerable populations, ensuring they have a safe and affordable place to live. This contributes to overall community development and well-being by promoting stable, secure housing for those who may otherwise struggle to find suitable accommodations. Through its mission to provide housing for families with low to moderate income, Interfaith Housing Inc plays a critical role in supporting the housing needs of underserved individuals and families in the area.
This information is meant to be a general summary of Interfaith 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: $584
- Program Service Revenue: $881,138
- Gross Receipts: $881,722
Assets and Liabilities:
- Total Assets: $1,675,480
- Total Liabilities: $1,307,500
- Net Assets: $367,980
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$881,138
Organization Details
Founding Year
1970
Phone
(860) 229-7479Principal Officer
Frank D Marro
Main Address
142 WEST MAIN STREET, NEW BRITAIN, CT, 06051
NTEE Category
Code: L200 - Housing
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