Overview
What is North Country Affordable Housing Inc?
North Country Affordable Housing Inc is a nonprofit organization dedicated to providing affordable housing solutions for low-income families and individuals residing in Watertown and Philadelphia, New York. They achieve this goal by offering both apartment rentals and homeownership opportunities through their two thirty-two unit projects. The organization's mission is centered around making housing affordable, thereby contributing to the well-being and stability of the local community.
Official website here: www.northcountryaffordablehousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
North Country Affordable Housing Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 81% based entirely on Accountability & Finance. This rating indicates that the organization meets essential standards for transparency and responsible financial management, which is crucial for donor confidence.
The nonprofit showcases strong governance practices, with a fully independent board and a comprehensive set of policies related to financial oversight and conflict of interest. Notably, it has a high program expense ratio of 97.54%, demonstrating a commitment to directing funds toward its mission rather than administrative costs.
While the organization excels in financial accountability, the overall rating indicates that there may still be areas for improvement. However, the lack of negative indicators, such as material diversions of assets, suggests a reliable and trustworthy operation dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is North Country Affordable Housing Inc legitimate?
North Country Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Country Affordable 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.
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Official website here: www.northcountryaffordablehousing.com
What is the mission statement of North Country Affordable Housing Inc?
North Country Affordable Housing Inc's mission is centered around providing affordable housing options. Specifically, they offer apartments and home ownership opportunities to eligible low-income families and individuals. This mission is fulfilled through two thirty-two unit apartment projects, aiming to expand the availability of affordable living spaces. The organization's goal is to contribute positively to the housing needs of the community, ensuring that individuals from various income backgrounds can secure a place to call home.
Official website here: www.northcountryaffordablehousing.com
What is the revenue of North Country Affordable Housing Inc?
North Country Affordable Housing Inc's revenue in 2024 was $1,448,043.
Official website here: www.northcountryaffordablehousing.com
Who are the executives of North Country Affordable Housing Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.northcountryaffordablehousing.com
Where can I find the form 990 for North Country Affordable Housing Inc?
North Country Affordable Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.northcountryaffordablehousing.com
Learn more at the official website: www.northcountryaffordablehousing.com
Mission Statement of North Country Affordable Housing Inc
North Country Affordable Housing Inc is dedicated to providing affordable housing solutions for low-income families and individuals. The organization achieves this mission by offering apartment units and home ownership opportunities to qualified individuals within the Watertown and Philadelphia, NY areas. Specifically, they manage two thirty-two unit apartment projects, each serving as a valuable resource for those in need of affordable housing options. By providing these options, North Country Affordable Housing Inc plays a crucial role in ensuring that everyone has access to a safe and affordable living environment, regardless of their income level.
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Impact
October, 2024
North Country Affordable Housing Inc significantly impacts the Watertown and Philadelphia, NY communities by addressing the critical need for low-income housing. By providing affordable apartments and home ownership opportunities, they empower qualifying families and individuals to secure stable living environments. Their two thirty-two unit apartment projects are vital resources that enhance community well-being, improve quality of life, and foster economic stability. This organization plays a crucial role in ensuring that residents have access to safe and affordable housing options, contributing to a stronger and more resilient community overall.
This information is meant to be a general summary of North Country Affordable 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 2024.
- Investment Income: $1,028
- Program Service Revenue: $394,982
- Gross Receipts: $1,448,043
Assets and Liabilities:
- Total Assets: $1,889,292
- Total Liabilities: $3,525,285
- Net Assets: -$1,635,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$394,982
Organization Details
Founding Year
1987
Principal Officer
Reginald Schweitzer
NTEE Category
Code: L20Z - Housing
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