Overview
What is Eastern Lakes Region Housing Coalition Inc?
Eastern Lakes Region Housing Coalition Inc, located in Wolfeboro, New Hampshire, serves as a dedicated nonprofit organization with a mission to enhance accessibility to affordable housing for their community. Through their endeavors, they have developed the Harriman Hill and Cove Affordable Housing Projects, offering both rental apartments and homes for purchase. This commitment extends to providing affordable housing options for everyone in the community, aiming to bridge the gap in housing affordability.
Official website here: www.elrhc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Eastern Lakes Region Housing Coalition Inc has achieved an impressive score of 97%, indicating strong performance in accountability and finance. This rating is primarily based on their commitment to maintaining an independent board, with 100% of members being independent, which ensures unbiased governance. The organization has also demonstrated sound financial health, as reflected in their low liabilities to assets ratio of 23.89% and a high program expense ratio of 74.87%, showing that the majority of their funds are directed towards programs rather than administrative costs.
The organization has established robust policies, including thorough conflict of interest and whistleblower policies, which contribute to their overall accountability. Furthermore, they have effectively documented their board meeting minutes and ensured their website is listed on their tax forms, reflecting transparency in operations. These practices not only enhance trust but also indicate a well-managed organization that prioritizes governance and ethical standards.
Overall, while the Eastern Lakes Region Housing Coalition Inc demonstrates exceptional financial management and a commitment to accountability, the data does not highlight any limitations or areas for improvement. Their strong fiscal metrics and policies position them as a reliable charity in the housing sector.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Lakes Region Housing Coalition Inc legitimate?
Eastern Lakes Region Housing Coalition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Lakes Region Housing Coalition 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.elrhc.org
What is the mission statement of Eastern Lakes Region Housing Coalition Inc?
The Eastern Lakes Region Housing Coalition Inc has a mission to enhance accessibility to affordable housing for all individuals within their community. This mission is achieved through the development of projects, such as the Harriman Hill and Cove affordable housing projects in Wolfeboro, NH. These projects provide affordable housing options in the form of rentable apartments and homes for purchase. The organization's primary goal is to ensure that everyone within their community has the opportunity to secure affordable housing.
Official website here: www.elrhc.org
Who is the CEO of Eastern Lakes Region Housing Coalition Inc?
Bonnie Medico is the Board Member of Eastern Lakes Region Housing Coalition Inc.
Official website here: www.elrhc.org
What is the revenue of Eastern Lakes Region Housing Coalition Inc?
Eastern Lakes Region Housing Coalition Inc's revenue in 2023 was $78,055.
Official website here: www.elrhc.org
Who are the executives of Eastern Lakes Region Housing Coalition Inc and what are their salaries?
There 12 volunteers at Eastern Lakes Region Housing Coalition Inc.
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Official website here: www.elrhc.org
Where can I find the form 990 for Eastern Lakes Region Housing Coalition Inc?
Eastern Lakes Region Housing Coalition Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.elrhc.org
Learn more at the official website: www.elrhc.org
Mission Statement of Eastern Lakes Region Housing Coalition Inc
Eastern Lakes Region Housing Coalition Inc, a notable nonprofit organization, is committed to enhancing accessibility to affordable housing for everyone within its community. Its mission, in essence, revolves around this primary objective. The Coalition strives to accomplish this by undertaking initiatives such as the development of the Harriman Hill and Cove Affordable Housing Projects in Wolfeboro, New Hampshire. These projects will provide a variety of housing options, including apartments for rent and homes for purchase, thereby catering to the diverse needs of the community members in terms of affordable housing. By spearheading these projects, Eastern Lakes Region Housing Coalition Inc aims to contribute significantly to the housing landscape of its community, ensuring that everyone has the opportunity to secure a suitable living space within their means.
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Impact
August, 2024
Eastern Lakes Region Housing Coalition Inc's impact can be seen in the development of the Harriman Hill and Cove affordable housing projects in Wolfeboro, NH. These projects provide affordable housing in the form of apartments for rent and homes for purchase, making it easier for everyone in the community to access affordable housing. Their mission to improve access to affordable housing is directly reflected in their efforts to create sustainable housing options for individuals and families in need.
This information is meant to be a general summary of Eastern Lakes Region Housing Coalition 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: $9,872
- Program Service Revenue: $62,933
- Gross Receipts: $484,842
Assets and Liabilities:
- Total Assets: $1,035,900
- Total Liabilities: $247,562
- Net Assets: $788,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON AFFORDABLE
Revenue
$59,852
INCENTIVE MGT FEE
Revenue
$3,081
Organization Details
Founding Year
2005
Phone
(603) 569-4216Principal Officer
Bonnie Medico
Main Address
PO BOX 2113, WOLFEBORO, NH, 03894
Website
www.elrhc.orgNTEE Category
Code: L200 - Housing
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