Overview
What is Salisbury Housing Committee Inc?
Salisbury Housing Committee Inc, located at 34 Cobble Road, PO Box 10, Salisbury, Connecticut 06068, is a nonprofit organization dedicated to providing low-income housing options for eligible individuals. Their primary mission revolves around this essential service, ensuring that individuals in need have access to suitable housing. The organization is known for operating the SARUM VILLAGE, a 16-unit complex specifically designed for this purpose.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Salisbury Housing Committee Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 90%, the organization demonstrates a commitment to financial transparency and responsible management of resources, which is crucial for building trust with donors and stakeholders.
The organization showcases a fully independent board comprised of 16 members, ensuring oversight and governance integrity. Additionally, it scores highly in financial statements and accountability mechanisms, having no material diversions of assets and maintaining clear policies on conflicts of interest and document retention. Their program expense ratio stands at an impressive 86.25%, indicating that a significant portion of their funding is directed towards their mission-related activities.
While Salisbury Housing Committee Inc has shown exceptional financial management and governance practices, the data primarily reflects their accountability and finance aspects. Future evaluations could benefit from a broader analysis of their programmatic impact and effectiveness in fulfilling their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Salisbury Housing Committee Inc legitimate?
Salisbury Housing Committee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salisbury Housing Committee 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:
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Other Salaries and Wages: $30,619
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What is the mission statement of Salisbury Housing Committee Inc?
The Salisbury Housing Committee Inc's primary mission is to offer housing solutions for individuals with limited income. This commitment is encapsulated in their mission statement, which is to provide low-income housing to eligible individuals. To fulfill this mission, they have established SARUM VILLAGE, a 16-unit complex specifically designed for this purpose. The organization's primary activity revolves around ensuring that qualified individuals have access to affordable housing options, thereby contributing to their overall well-being.
Who is the CEO of Salisbury Housing Committee Inc?
Peter Halle is the President of Salisbury Housing Committee Inc.
What is the revenue of Salisbury Housing Committee Inc?
Salisbury Housing Committee Inc's revenue in 2022 was $613,463.
Who are the executives of Salisbury Housing Committee Inc and what are their salaries?
There 20 volunteers at Salisbury Housing Committee Inc.
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Where can I find the form 990 for Salisbury Housing Committee Inc?
Salisbury Housing Committee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Salisbury Housing Committee Inc
The Salisbury Housing Committee Inc, as stated in its mission, is dedicated to providing low-income housing opportunities for qualified individuals. This commitment is exemplified through the operation of the Sarum Village, a 16-unit low-income housing complex. The organization's primary goal is to make housing accessible for individuals who may otherwise struggle to secure a place to live due to financial constraints. By offering this essential service, Salisbury Housing Committee Inc is contributing to the well-being and stability of its community members.
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Impact
July, 2024
Salisbury Housing Committee Inc's impact can be seen in its provision of low-income housing to qualified individuals in Salisbury, CT, through the development of Sarum Village, a 16-unit low-income housing complex. This initiative directly addresses the pressing need for affordable housing in the community, supporting individuals and families who may struggle to find suitable accommodation due to limited financial resources. By offering secure and affordable housing options, Salisbury Housing Committee Inc contributes to fostering stability and improving the quality of life for low-income individuals in the area.
This information is meant to be a general summary of Salisbury Housing Committee 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: $768
- Program Service Revenue: $309,043
- Gross Receipts: $613,463
Assets and Liabilities:
- Total Assets: $3,994,737
- Total Liabilities: $960,394
- Net Assets: $3,034,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$302,699
ANCILLARY FEES
Revenue
$6,344
Organization Details
Founding Year
1985
Phone
(860) 435-0049Principal Officer
Peter Halle
Main Address
34 COBBLE ROAD PO BOX 10, SALISBURY, CT, 06068
NTEE Category
Code: L20Z - Housing
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