Overview
What is Snowbelt Housing Company Inc?
Snowbelt Housing Company Inc, situated in Lowville, New York, is a nonprofit organization dedicated to ensuring viable and affordable housing. They accomplish this by offering a home repair program, providing assistance to low-income and very low-income homeowners for rehabilitation and repair of their homes. Furthermore, the company offers affordable tenancy to eligible seniors aged 65 and above, as well as handicapped individuals of all ages. Their mission is to improve living conditions and promote housing stability within the community.
Official website here: www.snowbelt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Snowbelt Housing Company Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in Accountability & Finance. This rating indicates a well-managed organization that adheres to high standards of transparency and financial health, with a particular emphasis on independent governance and ethical practices.
The organization boasts a perfect score in several key metrics, including an independent board with all eight members being non-affiliated, thorough financial audits, and well-defined policies addressing conflicts of interest and whistleblower protections. Additionally, the program expense ratio is notably high at 88.44%, demonstrating a strong commitment to directing funds towards its programs rather than administrative costs.
However, despite its strengths, Snowbelt Housing Company has a liabilities to assets ratio of 57.51%, which may raise some concerns regarding financial leverage. While this does not significantly detract from its overall performance, it highlights an area for potential improvement in managing financial risk. Overall, the organization is well-regarded for its accountability and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Snowbelt Housing Company Inc legitimate?
Snowbelt Housing Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snowbelt Housing Company 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: $56,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $236,166
For more financial information, click here
Official website here: www.snowbelt.org
What is the mission statement of Snowbelt Housing Company Inc?
Snowbelt Housing Company Inc's mission is centered around providing viable and affordable housing solutions. They accomplish this through a home repair program, offering assistance to low-income and very low-income homeowners for the rehabilitation and repair of their homes. Furthermore, the company provides affordable housing options for eligible individuals aged 65 and above, as well as handicapped individuals of all ages.
Official website here: www.snowbelt.org
Who is the CEO of Snowbelt Housing Company Inc?
Dennis Mastascusa is the Chairman of Snowbelt Housing Company Inc.
Official website here: www.snowbelt.org
What is the revenue of Snowbelt Housing Company Inc?
Snowbelt Housing Company Inc's revenue in 2022 was $1,602,868.
Official website here: www.snowbelt.org
Who are the executives of Snowbelt Housing Company Inc and what are their salaries?
The average compensation at Snowbelt Housing Company Inc during 2022 was $20,938. There are 14 employees at Snowbelt Housing Company Inc.
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- Compensation: $56,970
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Official website here: www.snowbelt.org
Where can I find the form 990 for Snowbelt Housing Company Inc?
Snowbelt Housing Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.snowbelt.org
Learn more at the official website: www.snowbelt.org
Mission Statement of Snowbelt Housing Company Inc
Snowbelt Housing Company, a nonprofit organization, is dedicated to providing viable and affordable housing solutions. They accomplish this mission by offering a home repair program, which provides assistance to low and very low-income homeowners, aiding in the rehabilitation and repair of their residences. Furthermore, Snowbelt Housing Company extends its affordable housing opportunities to eligible individuals aged 65 and above, as well as handicapped individuals of all ages. By providing these services, the organization strives to enhance the living conditions of its community members, ensuring that everyone has access to safe and affordable housing.
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Impact
October, 2024
Snowbelt Housing Company Inc significantly impacts the Lowville community by enhancing the living conditions of low and very low-income homeowners through its home repair program. This initiative addresses critical rehabilitation and repair needs, allowing individuals to maintain and improve their homes, thereby fostering neighborhood stability and pride.
Additionally, by offering affordable tenancy options specifically for individuals aged 65 and older and for those with disabilities, the organization ensures that vulnerable populations have access to safe and suitable housing. This dual focus on home repair and affordable rentals not only helps improve individual quality of life but also strengthens the broader community by promoting inclusive and sustainable living environments. Through its targeted assistance, Snowbelt Housing Company plays a crucial role in combating housing insecurity in the region.
This information is meant to be a general summary of Snowbelt Housing Company 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: $35
- Program Service Revenue: $388,831
- Gross Receipts: $1,602,868
Assets and Liabilities:
- Total Assets: $2,820,781
- Total Liabilities: $1,527,589
- Net Assets: $1,293,192
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$165,972
MANAGEMENT FEES
Revenue
$151,707
CONTRACT SERVICES
Revenue
$71,152
Organization Details
Founding Year
1982
Phone
(315) 376-2639Principal Officer
Dennis Mastascusa
Main Address
7500 SOUTH STATE STREET, LOWVILLE, NY, 13367
Website
www.snowbelt.orgNTEE Category
Code: L200 - Housing
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