Overview
What is Downstreet Housing And Community Development Inc?
Downstreet Housing and Community Development Inc, situated in Barre, Vermont, is a dedicated nonprofit organization with a mission to enhance the central Vermont community. They achieve this by actively engaging with local residents, providing affordable housing, and linking people to essential resources and services that empower them to thrive. Their work extends to managing properties, ensuring quality services for other properties in which they invest. As of the provided data, they employ 43 individuals, demonstrating their commitment to the community's well-being.
Official website here: www.downstreet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Downstreet Housing And Community Development Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. This rating is derived entirely from their excellent performance in Accountability & Finance, indicating that the organization operates with high transparency and responsible financial practices.
The organization boasts a fully independent board, ensuring that decisions are made without conflicts of interest, and it has a significant number of independent members. Additionally, Downstreet maintains rigorous audit and oversight mechanisms, demonstrating its commitment to ethical governance. The charity has shown no signs of asset diversion, which further underscores its financial integrity.
While the charity excels in its financial metrics, including a high program expense ratio of 88.21%, which indicates that the majority of its funds are directed towards its mission, it remains essential for potential donors to consider ongoing community impact and engagement in its programs. Overall, Downstreet Housing And Community Development Inc stands out as a responsible choice for those looking to support a nonprofit with proven accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Downstreet Housing And Community Development Inc legitimate?
Downstreet Housing And Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downstreet Housing And Community Development 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: $124,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,647,521
For more financial information, click here
Official website here: www.downstreet.org
What is the mission statement of Downstreet Housing And Community Development Inc?
Downstreet Housing and Community Development Inc. is committed to enhancing the communities in central Vermont. They achieve this by engaging with the local population, offering affordable housing options, and connecting individuals to the necessary resources and services to help them prosper. By doing so, Downstreet aims to contribute positively to the well-being and development of the communities they serve. In addition to housing, they offer support services to empower people, enabling them to thrive in their respective communities.
Official website here: www.downstreet.org
Who is the CEO of Downstreet Housing And Community Development Inc?
Angie Harbin Started In 2022 is the Executive Di of Downstreet Housing And Community Development Inc.
Official website here: www.downstreet.org
What is the revenue of Downstreet Housing And Community Development Inc?
Downstreet Housing And Community Development Inc's revenue in 2022 was $6,169,989.
Official website here: www.downstreet.org
Who are the executives of Downstreet Housing And Community Development Inc and what are their salaries?
The average compensation at Downstreet Housing And Community Development Inc during 2022 was $41,211. There are 43 employees and 15 volunteers at Downstreet Housing And Community Development Inc.
Here are 17 key members and their salaries:
- Compensation: $75,487
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- Other: $2,604
- Compensation: $46,073
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- Other: $384
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Official website here: www.downstreet.org
Where can I find the form 990 for Downstreet Housing And Community Development Inc?
Downstreet Housing And Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downstreet.org
Learn more at the official website: www.downstreet.org
Mission Statement of Downstreet Housing And Community Development Inc
Downstreet Housing and Community Development Inc is committed to enhancing the communities of central Vermont. They achieve this by engaging with the local population, providing affordable housing options, and connecting individuals to the resources and services they require to thrive. This mission is executed by Downstreet, which invests in various properties and manages the associated services to ensure the well-being of the residents. By engaging with the community, Downstreet aims to build strong relationships and foster a sense of belonging. By providing affordable housing, they strive to address the pressing issue of housing affordability and ensure that everyone has a roof over their heads. Lastly, by connecting people to necessary resources and services, Downstreet seeks to empower individuals and families, enabling them to live fulfilling lives.
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Impact
October, 2024
Downstreet Housing and Community Development Inc. significantly impacts central Vermont by fostering vibrant communities through several key initiatives. By providing affordable housing, it ensures that residents have a stable foundation from which they can thrive. This access to secure homes is crucial for enhancing quality of life and promoting economic stability among families.
In addition to housing, Downstreet actively engages with local residents, helping to build social connections and community networks. This engagement empowers individuals by linking them to essential resources and services, such as job training, healthcare, and educational opportunities. This holistic approach enables people to improve their circumstances and contributes to the overall well-being of the community.
Through property management and investment in local housing initiatives, Downstreet also enhances the physical environment of central Vermont, ensuring that properties are well-maintained and contribute positively to the neighborhood. This focus on both individuals and infrastructure is instrumental in creating resilient and supportive communities where everyone has the opportunity to succeed.
This information is meant to be a general summary of Downstreet Housing And Community Development 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: $40,229
- Program Service Revenue: $2,255,193
- Gross Receipts: $6,278,005
Assets and Liabilities:
- Total Assets: $17,964,468
- Total Liabilities: $4,202,956
- Net Assets: $13,761,512
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$713,217
MAINTENANCE INCOME
Revenue
$653,388
MANAGEMENT FEES
Revenue
$567,869
DEVELOPMENT FEES
Revenue
$281,694
LEASE FEE INCOME
Revenue
$39,025
Organization Details
Founding Year
1987
Phone
(802) 476-4493Principal Officer
Angie Harbin Started In 2022
Main Address
22 KEITH AVENUE SUITE 100, BARRE, VT, 056413709
Website
www.downstreet.orgNTEE Category
Code: L210 - Housing
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