Overview
What is New Hampshire Housing Development Corp?
New Hampshire Housing Development Corporation is a nonprofit organization based in Silver Spring, Maryland. Its primary mission revolves around providing support for individuals suffering from mental illness. They offer residential services, including community-based group homes and alternative living units, housing 11 mentally ill adults. Furthermore, they extend their efforts by offering rental assistance to these individuals, aiming to enhance their living conditions and promote their well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
New Hampshire Housing Development Corp received a rating that indicates the organization needs improvement, with an overall score of 62%. The lack of independent board members and an independent board size contributed to a low accountability and finance score. However, the organization demonstrated strong compliance in policies regarding conflict of interest, whistleblower protections, and document retention, which are critical for maintaining ethical governance.
On the positive side, the organization excels in its program expense ratio, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Despite this, concerns about financial transparency arise due to the absence of key documents on its website, such as tax forms, which could influence public trust and engagement.
Additionally, while the organization can showcase its strong program commitment, the liabilities to assets ratio raises questions about its financial sustainability. The salaries of key personnel appear to be substantial, which could further impact perceptions regarding the organization's financial stewardship. Overall, while there are strengths in governance policies and program investment, significant challenges remain that could affect its operational credibility and community support.
This AI summary has been generated from information found on Charity Navigator.
Is New Hampshire Housing Development Corp legitimate?
New Hampshire Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hampshire Housing Development Corp 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: $0
For more financial information, click here
What is the mission statement of New Hampshire Housing Development Corp?
The New Hampshire Housing Development Corp's mission revolves around providing assistance, specifically in the realm of rentals, for individuals grappling with mental illness. Their primary objective is to create an environment that supports these individuals, offering them community-based group homes and alternative living units. This organization is committed to enhancing the living conditions and providing a suitable environment for around 11 mentally ill adults.
Who is the CEO of New Hampshire Housing Development Corp?
Najla Wortham is the President of New Hampshire Housing Development Corp.
What is the revenue of New Hampshire Housing Development Corp?
New Hampshire Housing Development Corp's revenue in 2022 was $63,178.
Who are the executives of New Hampshire Housing Development Corp and what are their salaries?
There 1 volunteer at New Hampshire Housing Development Corp.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $160,885
- Other: $27,249
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $181,302
- Other: $18,147
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $127,184
- Other: $16,832
- Compensation: $0
- Related: $92,337
- Other: $19,894
Where can I find the form 990 for New Hampshire Housing Development Corp?
New Hampshire Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Hampshire Housing Development Corp
New Hampshire Housing Development Corp, a dedicated organization, is committed to providing rental assistance for individuals battling mental illness. This mission is a crucial part of their overall activity, aiming to enhance the living conditions of mentally ill adults. They accomplish this by offering residential services, which include community-based group homes and alternative living units. By doing so, they provide a supportive environment for eleven mentally ill adults, enabling them to live with dignity and independence. The organization's efforts are instrumental in ensuring that these individuals can maintain a stable living situation, thereby improving their overall well-being.
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Impact
August, 2024
New Hampshire Housing Development Corp provides rental assistance for individuals with mental illness, offering community-based group homes and alternative living units for mentally ill adults. This support helps provide stable housing options for those in need, addressing a critical issue in the community. By offering rental assistance and residential services, the organization plays a vital role in improving the lives of individuals struggling with mental health challenges, promoting stability and well-being.
This information is meant to be a general summary of New Hampshire Housing Development Corp. 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: $6
- Program Service Revenue: $63,172
- Gross Receipts: $63,178
Assets and Liabilities:
- Total Assets: $562,273
- Total Liabilities: $349,330
- Net Assets: $212,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$63,172
Organization Details
Founding Year
2004
Phone
(301) 572-6585Principal Officer
Najla Wortham
Main Address
12200 TECH ROAD 330, SILVER SPRING, MD, 20904
NTEE Category
Code: L25 - Housing
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