Overview
What is Freedom Housing Corporation?
Freedom Housing Corporation is a nonprofit organization situated in Newport, Rhode Island, specifically at 50 Washington Square, 02840. Their primary focus is on providing housing for individuals with disabilities who fall under a low income bracket, adhering to Section 811 of the National Housing Act. This organization operates a 10-unit apartment building designed for supervised living, catering specifically to this community. The mission of Freedom Housing Corporation is geared towards enhancing the living conditions and opportunities for low-income disabled individuals, ensuring they have access to safe and comfortable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's overall accountability and financial health, indicating that while Freedom Housing Corporation exhibits strengths, there is room for improvement in some areas to achieve a higher rating.
One of the notable strengths of Freedom Housing Corporation is its governance structure. The organization boasts a fully independent board with 10 out of 10 points awarded for the majority of independent board members and board size. Additionally, there is no reported material diversion of assets, which underscores the organization’s integrity in managing its resources.
However, despite strong points in governance and a perfect program expense ratio of 100%, the overall rating of 73% suggests potential weaknesses in areas that influence financial stability or operational effectiveness. Continuous monitoring and improvements in these areas will be essential for Freedom Housing Corporation to enhance its rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Freedom Housing Corporation legitimate?
Freedom Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freedom 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Freedom Housing Corporation?
Freedom Housing Corporation's mission, as stated in its activities and mission description, is focused on providing housing for individuals with disabilities who fall under Section 811 of the National Housing Act. In simpler terms, the organization's goal is to offer suitable living accommodations for low-income individuals with disabilities, ensuring they have access to a secure and comfortable environment. The corporation operates a 10-unit apartment building specifically designed for a supervised living program, catering to the needs of these individuals. This housing initiative aims to enhance their quality of life and promote their overall well-being.
Who is the CEO of Freedom Housing Corporation?
Patricia Sargent is the President of Freedom Housing Corporation.
What is the revenue of Freedom Housing Corporation?
Freedom Housing Corporation's revenue in 2023 was $144,025.
Who are the executives of Freedom Housing Corporation and what are their salaries?
There 8 volunteers at Freedom Housing Corporation.
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Where can I find the form 990 for Freedom Housing Corporation?
Freedom Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Freedom Housing Corporation
Freedom Housing Corporation, as a non-profit organization, is dedicated to providing housing solutions for individuals with disabilities who fall under Section 811 of the National Housing Act. The corporation's mission is to offer housing opportunities for low-income individuals with disabilities, aiming to enhance their living conditions and promote their independence. To achieve this, Freedom Housing Corporation manages a 10-unit apartment building that operates as a supervised living program. This program is specifically designed to accommodate and support low-income disabled individuals, providing them with a secure and suitable living environment. The corporation's mission is instrumental in addressing the housing needs of this vulnerable population, thereby contributing to their overall well-being.
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Impact
October, 2024
Freedom Housing Corporation significantly enhances the quality of life for low-income individuals with disabilities in Newport, RI. By providing a 10-unit apartment building designed for supervised living, it creates a supportive environment that empowers residents to live independently while ensuring they have access to necessary care and resources.
The organization's adherence to Section 811 of the National Housing Act ensures that those who need it most can find affordable housing tailored to their unique needs. This initiative not only addresses the urgent demand for accessible housing but also fosters a sense of community among residents, ultimately contributing to their overall well-being and integration into society.
Freedom Housing Corporation's impact extends beyond mere shelter; it promotes dignity, independence, and a higher quality of life for some of the most vulnerable members of the community.
This information is meant to be a general summary of Freedom 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 2023.
- Investment Income: $67
- Program Service Revenue: $122,760
- Gross Receipts: $144,025
Assets and Liabilities:
- Total Assets: $1,335,325
- Total Liabilities: $539,015
- Net Assets: $796,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$122,760
Organization Details
Founding Year
2002
Phone
(401) 846-5114Principal Officer
Patricia Sargent
Main Address
50 WASHINGTON SQUARE, NEWPORT, RI, 02840
NTEE Category
Code: L20 - Housing
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