Overview
What is Better Housing For Tompkins County Inc?
Better Housing For Tompkins County Inc is a nonprofit organization situated in Ithaca, New York, specifically at 115 W Clinton Street. Their primary mission is to provide affordable housing units to low-moderate income households residing in their service area, which includes Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins Counties. They are committed to fostering diverse, equitable, and sustainable communities that yield enduring outcomes. With a workforce of 37 individuals, Better Housing For Tompkins County Inc strives to expand housing opportunities for those in need, thereby contributing positively to their local communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Better Housing For Tompkins County Inc has received a One-Star rating from Charity Navigator, indicating significant room for improvement in its operations and financial management. While the organization has strong governance features, such as a fully independent board and a solid conflict of interest policy, it struggles with financial ratios that raise concerns about its fiscal health.
The charity's accountability and finance score reflects a concerning lack of program spending efficiency, with only 33.36% of expenses directed towards programs. Additionally, its liabilities exceed its assets by a considerable margin, creating potential risks for sustainability. Although the organization maintains thorough audit and oversight practices, the absence of required tax documentation on its website is a notable shortcoming.
Overall, while Better Housing For Tompkins County Inc demonstrates strong governance and ethical guidelines, its financial challenges and low program expense ratio may hinder its effectiveness. Stakeholders and potential donors should consider these factors when evaluating the organization's impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Better Housing For Tompkins County Inc legitimate?
Better Housing For Tompkins County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better Housing For Tompkins County 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,049,553
For more financial information, click here
What is the mission statement of Better Housing For Tompkins County Inc?
Better Housing For Tompkins County Inc is committed to expanding housing opportunities for low and moderate-income residents in Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins Counties. Their mission is to foster communities that embrace diversity, equity, and sustainability, aiming to produce lasting outcomes. The organization seeks to achieve this by promoting housing opportunities that cater to those with moderate income, ultimately contributing to a more inclusive and sustainable living environment.
Who is the CEO of Better Housing For Tompkins County Inc?
Jeremy Thomas is the President of Better Housing For Tompkins County Inc.
What is the revenue of Better Housing For Tompkins County Inc?
Better Housing For Tompkins County Inc's revenue in 2022 was $1,405,802.
Who are the executives of Better Housing For Tompkins County Inc and what are their salaries?
The average compensation at Better Housing For Tompkins County Inc during 2022 was $28,366. There are 37 employees and 13 volunteers at Better Housing For Tompkins County Inc.
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- Related: $126,884
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- Related: $105,739
- Other: $10,658
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- Related: $102,573
- Other: $5,280
Where can I find the form 990 for Better Housing For Tompkins County Inc?
Better Housing For Tompkins County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Better Housing For Tompkins County Inc
Better Housing For Tompkins County Inc is committed to expanding housing opportunities for low and moderate-income residents in Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins Counties. Their mission is to foster communities that embrace diversity, equity, and sustainability in ways that produce lasting outcomes. This nonprofit organization seeks to create an environment where everyone has access to affordable housing, promoting a sense of unity and inclusivity. By managing and renting out affordable housing units, Better Housing For Tompkins County Inc plays a vital role in addressing the housing needs of those in need, ultimately contributing to the betterment of the communities they serve.
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Impact
October, 2024
Better Housing For Tompkins County Inc is significantly enhancing the quality of life for low and moderate-income residents across several counties, including Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins. By providing affordable rental housing units, it directly addresses the pressing housing needs of vulnerable populations, ensuring they have access to safe and stable living conditions.
The organization's commitment to fostering diverse and equitable communities promotes social sustainability, encouraging a sense of belonging among residents from various backgrounds. Their efforts to expand housing opportunities contribute to the broader goal of reducing economic disparities, offering individuals and families a better chance at stability and upward mobility.
Moreover, their focus on sustainability ensures that the housing solutions they implement not only meet immediate needs but also consider the long-term health of the communities they serve. Through these initiatives, Better Housing For Tompkins County Inc creates lasting positive impacts, shaping a more inclusive and equitable environment for all residents.
This information is meant to be a general summary of Better Housing For Tompkins County 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: $2,077
- Program Service Revenue: $1,313,897
- Gross Receipts: $1,405,802
Assets and Liabilities:
- Total Assets: $2,300,578
- Total Liabilities: $2,877,336
- Net Assets: -$576,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$1,029,448
RENTAL INCOME
Revenue
$172,953
FMHA INTEREST SUBSIDY
Revenue
$92,385
OTHER INCOME
Revenue
$18,211
CLIENT REIMBURSEMENTS
Revenue
$900
Organization Details
Founding Year
1981
Phone
(607) 277-4500Principal Officer
Jeremy Thomas
Main Address
115 W CLINTON STREET, ITHACA, NY, 14850
NTEE Category
Code: L20Z - Housing
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