Overview
What is Shires Housing Inc?
Shires Housing Inc, based in Bennington, Vermont, is a dedicated nonprofit organization focusing on the acquisition, rehabilitation, and construction of affordable housing units for low and moderate-income individuals. Their mission is to ensure that residents of Bennington County have access to safe, decent, and perpetually affordable living spaces. Shires Housing plays a significant role in improving neighborhoods, providing workforce housing, and stimulating economic growth in the region. The organization currently employs 26 individuals.
Official website here: www.shirehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
Shires Housing Inc. has received a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has maintained a commendable accountability score of 88%, indicating effective financial management practices and a commitment to transparency. Notably, Shires Housing boasts a fully independent board and a solid program expense ratio of 87.40%, demonstrating a focus on direct service delivery.
While the organization has several strengths, there are some areas for improvement. The absence of a whistleblower policy and a document retention policy may raise concerns regarding internal controls and transparency. Additionally, the tax form is not posted on the nonprofit's website, which could limit accessibility for stakeholders seeking financial information.
Overall, Shires Housing Inc. showcases effective governance and financial health, but it would benefit from enhancing its policies to further bolster its accountability measures.
This AI summary has been generated from information found on Charity Navigator.
Is Shires Housing Inc legitimate?
Shires Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shires Housing 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: $158,785
Professional Fundraising Fees: $0
Other Salaries and Wages: $957,272
For more financial information, click here
Official website here: www.shirehousing.org
What is the mission statement of Shires Housing Inc?
Shires Housing Inc's mission is centered around providing safe and affordable housing options for individuals with moderate to low income. This organization plays a significant role in transforming communities by improving neighborhoods and driving economic growth. By focusing on the acquisition, rehabilitation, or construction of apartments and homes, Shires Housing Inc contributes to the provision of workforce housing, thereby contributing positively to its region.
Official website here: www.shirehousing.org
Who is the CEO of Shires Housing Inc?
Catherine Bryars is the Past Executive Director of Shires Housing Inc.
Official website here: www.shirehousing.org
What is the revenue of Shires Housing Inc?
Shires Housing Inc's revenue in 2022 was $1,971,568.
Official website here: www.shirehousing.org
Who are the executives of Shires Housing Inc and what are their salaries?
The average compensation at Shires Housing Inc during 2022 was $42,925. There are 26 employees and 8 volunteers at Shires Housing Inc.
Here are 9 key members and their salaries:
- Compensation: $121,368
- Related: $0
- Other: $37,418
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.shirehousing.org
Where can I find the form 990 for Shires Housing Inc?
Shires Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shirehousing.org
Learn more at the official website: www.shirehousing.org
Mission Statement of Shires Housing Inc
Shires Housing Inc, a nonprofit organization, is committed to providing safe, decent, and perpetually affordable housing options for low and moderate income residents in Bennington County. Their mission is geared towards transforming communities by improving neighborhoods, offering workforce housing, and contributing to economic development in the region. Essentially, Shires Housing Inc aims to make housing affordable for a significant portion of the population, thereby fostering a sense of community and promoting economic growth.
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Impact
October, 2024
Shires Housing Inc plays a crucial role in transforming communities in Bennington County by providing safe, decent, and perpetually affordable housing for low and moderate-income residents. By focusing on the acquisition, rehabilitation, and construction of affordable apartments and homes, the organization not only addresses housing needs but also enhances the overall quality of neighborhoods.
Through its efforts, Shires Housing fosters workforce housing, which is vital for economic development in the region. By ensuring that essential workforce members have access to affordable living options, the organization contributes to stability and sustainability within the community. As a result, Shires Housing Inc not only helps individuals and families find homes but also strengthens the local economy and improves the living conditions for all residents in Bennington County.
This information is meant to be a general summary of Shires Housing 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: $71,710
- Program Service Revenue: $1,487,699
- Gross Receipts: $1,971,568
Assets and Liabilities:
- Total Assets: $9,318,140
- Total Liabilities: $3,793,901
- Net Assets: $5,524,239
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$847,025
Management Fees
Revenue
$626,935
Miscellaneous
Revenue
$13,739
Organization Details
Founding Year
1991
Phone
(802) 442-8139Principal Officer
Catherine Bryars
Main Address
PO Box 1247, Bennington, VT, 05201
Website
www.shirehousing.orgNTEE Category
Code: L20 - Housing
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