Overview
What is Mutual Housing Association Of Greater Hartford Inc?
The Mutual Housing Association of Greater Hartford Inc, situated in Hartford, Connecticut, is a prominent nonprofit organization. With a mission to develop and manage affordable housing, they oversee 72 units spread across various complexes such as Park Terrace 1, Anvil Place, 233 Allen Street, and Brick Housing Residential Apartment Complexes. Beyond providing housing, they actively engage their residents in leadership and educational opportunities, fostering a sense of community and empowerment. The organization, with a workforce of 39 individuals, is dedicated to enhancing the living conditions and prospects of its residents in the Greater Hartford area.
Official website here: www.mutualhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Mutual Housing Association of Greater Hartford Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 96%, the organization showcases a solid commitment to transparency and responsible financial management, which is crucial for potential donors and stakeholders.
The nonprofit excels in several key areas, including having a fully independent board and high scores in financial oversight and program expenses. Notably, the organization has a program expense ratio of 89.49%, indicating that a significant majority of its resources are directed towards its mission-related activities rather than administrative costs. This is a positive indicator of its operational efficiency and dedication to its goals.
While the data highlights many strengths, there is no specific mention of any limitations or areas for improvement. Overall, the Mutual Housing Association of Greater Hartford Inc appears to be a well-managed and accountable organization, making it a trustworthy option for those looking to support nonprofit efforts in housing and community development.
This AI summary has been generated from information found on Charity Navigator.
Is Mutual Housing Association Of Greater Hartford Inc legitimate?
Mutual Housing Association Of Greater Hartford Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mutual Housing Association Of Greater Hartford 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: $160,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $898,774
For more financial information, click here
Official website here: www.mutualhousing.org
What is the mission statement of Mutual Housing Association Of Greater Hartford Inc?
The Mutual Housing Association of Greater Hartford Inc. is dedicated to developing and managing affordable housing, while fostering leadership and educational opportunities for its residents. By providing low and moderate income housing in various complexes such as Park Terrace 1, Anvil Place, 233 Allen Street, and Brick Housing, the organization aims to contribute positively to the community. Furthermore, it engages its residents in leadership and educational initiatives, empowering them to improve their lives and community.
Official website here: www.mutualhousing.org
Who is the CEO of Mutual Housing Association Of Greater Hartford Inc?
Catherine Mackinnon is the Director of Mutual Housing Association Of Greater Hartford Inc.
Official website here: www.mutualhousing.org
What is the revenue of Mutual Housing Association Of Greater Hartford Inc?
Mutual Housing Association Of Greater Hartford Inc's revenue in 2022 was $4,301,543.
Official website here: www.mutualhousing.org
Who are the executives of Mutual Housing Association Of Greater Hartford Inc and what are their salaries?
The average compensation at Mutual Housing Association Of Greater Hartford Inc during 2022 was $27,154. There are 39 employees and 11 volunteers at Mutual Housing Association Of Greater Hartford Inc.
Here are 19 key members and their salaries:
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- Compensation: $109,131
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- Other: $29,834
Official website here: www.mutualhousing.org
Where can I find the form 990 for Mutual Housing Association Of Greater Hartford Inc?
Mutual Housing Association Of Greater Hartford Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mutualhousing.org
Learn more at the official website: www.mutualhousing.org
Mission Statement of Mutual Housing Association Of Greater Hartford Inc
Mutual Housing Association of Greater Hartford Inc, a nonprofit organization, is dedicated to developing and managing affordable housing units in the greater Hartford area. Beyond providing shelter, the association engages its residents in leadership and educational opportunities. This holistic approach aims to empower the residents, fostering a sense of community and personal growth. By offering affordable housing, Mutual Housing Association of Greater Hartford Inc is committed to making housing accessible to individuals and families with moderate and low incomes. The organization manages several residential complexes, including Park Terrace 1, Anvil Place, 233 Allen Street, and Brick Housing. These properties offer more than just a place to live; they are spaces where residents can engage in meaningful activities and build a supportive community.
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Impact
October, 2024
Mutual Housing Association of Greater Hartford Inc plays a crucial role in developing and managing affordable housing in Greater Hartford. By providing 72 units of low and moderate-income housing across several residential complexes, including Park Terrace 1, Anvil Place, and 233 Allen Street, the association directly addresses the critical housing needs of the community.
In addition to housing, the organization emphasizes resident engagement by offering leadership and educational opportunities. This approach empowers residents, promoting not only stable living conditions but also personal and community development. Through these initiatives, the Mutual Housing Association fosters a sense of community, encourages active participation, and works to enhance the quality of life for its residents, ultimately contributing to a stronger, more vibrant Hartford.
This information is meant to be a general summary of Mutual Housing Association Of Greater Hartford 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: $245,791
- Program Service Revenue: $1,884,878
- Gross Receipts: $4,555,901
Assets and Liabilities:
- Total Assets: $38,446,080
- Total Liabilities: $10,246,958
- Net Assets: $28,199,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$972,047
MANAGEMENT FEES
Revenue
$323,238
REAL ESTATE DEVELOPMEN
Revenue
$303,239
HOUSING EDUCATION CLAS
Revenue
$286,354
Organization Details
Founding Year
1988
Phone
(860) 296-1797Principal Officer
Catherine Mackinnon
Main Address
95 NILES STREET, HARTFORD, CT, 06105
Website
www.mutualhousing.orgNTEE Category
Code: L80 - Housing
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