Overview
What is First Housing Corporation?
First Housing Corporation, operating under the name Cathedral Manor, is a nonprofit organization based in Hartford, Connecticut. Their primary focus is to provide affordable housing facilities for low-income elderly households. This mission is carried out by offering housing services specifically tailored for elderly individuals, ensuring they can maintain a comfortable living situation. With a dedicated workforce of six employees, the corporation continues its commitment to supporting this underserved demographic by providing them with affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator rating: 65%, Two-Star out of Four Star rating.
First Housing Corporation has received a 65% rating, which indicates some strengths in its financial management, particularly with its program expense ratio showing that nearly 90% of its expenditures are dedicated to its programs. The organization boasts a fully independent board, achieving top scores in board independence and financial oversight. However, the overall rating is significantly impacted by shortcomings in various accountability and transparency measures.
Several critical policies and procedures appear to be lacking or absent, including a conflict of interest policy, whistleblower policy, and guidelines for document retention. These deficiencies have contributed to a lower score in the accountability and finance category. Additionally, issues concerning the organization's liabilities compared to its assets raise concerns regarding financial stability.
Overall, while First Housing Corporation demonstrates commitment to programmatic spending and has an independent board, it faces challenges in transparency and governance practices that could affect stakeholder trust and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is First Housing Corporation legitimate?
First Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Housing Corporation 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: $130,041
For more financial information, click here
What is the mission statement of First Housing Corporation?
First Housing Corporation's mission is centered around providing affordable housing solutions. Specifically, they focus on catering to elderly households with limited income. Their activities are geared towards establishing affordable housing facilities that cater to this demographic, ensuring they have a secure and comfortable living environment.
Who is the CEO of First Housing Corporation?
Linda Martin is the Director of First Housing Corporation.
What is the revenue of First Housing Corporation?
First Housing Corporation's revenue in 2022 was $1,052,079.
Who are the executives of First Housing Corporation and what are their salaries?
The average compensation at First Housing Corporation during 2022 was $21,674. There are 6 employees and 7 volunteers at First Housing Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for First Housing Corporation?
First Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Housing Corporation
First Housing Corporation, a notable organization, is committed to a mission that prioritizes the provision of affordable housing for elderly households. With a profound sense of responsibility, this nonprofit endeavors to create housing facilities that are within reach for low-income elderly individuals. By offering affordable living spaces, First Housing Corporation aims to alleviate the housing burden for this vulnerable population, allowing them to focus on their well-being and quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
First Housing Corporation significantly impacts the community by providing affordable housing solutions for low-income elderly individuals in Hartford, CT. By focusing on this vulnerable demographic, the organization addresses critical housing needs, ensuring that elderly households can access safe and sustainable living environments. This initiative not only enhances the quality of life for residents but also fosters a sense of community among seniors who may otherwise face isolation or financial insecurity. Ultimately, First Housing Corporation plays a vital role in promoting stability and dignity for elderly individuals, enabling them to live independently and with respect.
This information is meant to be a general summary of First Housing Corporation. 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: $194
- Program Service Revenue: $1,019,504
- Gross Receipts: $1,052,079
Assets and Liabilities:
- Total Assets: $1,455,089
- Total Liabilities: $3,772,885
- Net Assets: -$2,317,796
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,019,504
Organization Details
Founding Year
1985
Phone
(860) 528-2885Principal Officer
Linda Martin
Main Address
1130 ALBANY AVENUE, HARTFORD, CT, 06112
NTEE Category
Code: L22Z - Housing
If you are a representative of First Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.