Overview
What is Mutual Housing Association Of Southwestern Ct Inc?
Mutual Housing Association of Southwestern CT Inc is a nonprofit organization situated in Trumbull, Connecticut. With a mission to provide affordable housing for low- to moderate-income families, the association develops, finances, owns, leases, and manages safe and quality residential complexes. Their projects, such as Parkside Gables and Fairfield Commons II, aim to create a continuum of housing opportunities for different community sectors in Fairfield County, Connecticut. The organization serves as a consistent producer of affordable housing to meet both current and future housing needs in the southwestern Connecticut region. The association employs a team of 21 individuals to fulfill its mission.
Official website here: www.cthousingpartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
Mutual Housing Association Of Southwestern Ct Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its overall accountability and financial practices. While the organization boasts a strong governance structure with 100% independent board members and robust audit and oversight practices, its financial metrics do not reflect the same strength, particularly with a concerning liabilities to assets ratio and a low program expense ratio.
Strengths of the organization include its commitment to leadership development and a high score in culture and community engagement, suggesting strong ties and support within the community it serves. Additionally, the organization has demonstrated adaptability, especially during the challenges posed by the COVID-19 pandemic, which could be a positive sign for future growth and resilience.
However, the significant issues with financial efficiency indicate that more of its resources may not be directed towards its programs, which could hinder its ability to deliver on its mission effectively. Continued focus on improving financial management will be crucial for enhancing its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mutual Housing Association Of Southwestern Ct Inc legitimate?
Mutual Housing Association Of Southwestern Ct Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mutual Housing Association Of Southwestern Ct 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: $183,374
Professional Fundraising Fees: $0
Other Salaries and Wages: $679,037
For more financial information, click here
Official website here: www.cthousingpartners.org
What is the mission statement of Mutual Housing Association Of Southwestern Ct Inc?
The Mutual Housing Association of Southwestern CT Inc's mission is centered around providing safe and affordable housing for low and moderate-income households. This non-profit organization aims to develop, finance, own, lease, and manage such housing opportunities across various sectors of the community. The association's goal is to serve as an ongoing producer of affordable housing, meeting both current and future housing needs in the region. They strive to create a continuum of housing options, contributing significantly to addressing the housing demands in Southwestern Connecticut.
Official website here: www.cthousingpartners.org
Who is the CEO of Mutual Housing Association Of Southwestern Ct Inc?
Jennifer Chadwick is the President of Mutual Housing Association Of Southwestern Ct Inc.
Official website here: www.cthousingpartners.org
What is the revenue of Mutual Housing Association Of Southwestern Ct Inc?
Mutual Housing Association Of Southwestern Ct Inc's revenue in 2022 was $1,274,963.
Official website here: www.cthousingpartners.org
Who are the executives of Mutual Housing Association Of Southwestern Ct Inc and what are their salaries?
The average compensation at Mutual Housing Association Of Southwestern Ct Inc during 2022 was $41,067. There are 21 employees and 50 volunteers at Mutual Housing Association Of Southwestern Ct Inc.
Here are 14 key members and their salaries:
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Official website here: www.cthousingpartners.org
Where can I find the form 990 for Mutual Housing Association Of Southwestern Ct Inc?
Mutual Housing Association Of Southwestern Ct Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cthousingpartners.org
Learn more at the official website: www.cthousingpartners.org
Mission Statement of Mutual Housing Association Of Southwestern Ct Inc
Mutual Housing Association of Southwestern CT Inc is committed to developing, financing, owning, leasing, and managing safe, high-quality, and permanently affordable housing for low and moderate-income families throughout Fairfield County, Connecticut. The organization aims to create a continuum of housing opportunities for various sectors of the community, serving as an ongoing producer of affordable housing to meet both present and future housing needs in the Southwestern Connecticut region. The mission of Mutual Housing Association of Southwestern CT Inc is to contribute to the community by offering a diverse range of housing options, ensuring that everyone has access to a secure and comfortable living space.
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Impact
October, 2024
Mutual Housing Association Of Southwestern CT Inc plays a vital role in addressing affordable housing needs within Fairfield County, Connecticut. By developing, financing, owning, leasing, and managing safe and quality housing, the association ensures that low and moderate-income families have access to permanent housing solutions.
The impact of the association is significant, as it strives to create a continuum of housing opportunities that caters to all sectors of the community. This commitment fosters stability and enhances the quality of life for residents, allowing families to thrive in safe environments.
Through initiatives like Parkside Gables and Fairfield Commons II, Mutual Housing Association strengthens the local community by providing residences that not only meet basic housing needs but also contribute to the economic and social fabric of the region. By continuously producing affordable housing, the association addresses current demands and anticipates future needs, ensuring that a diverse population can find a place to call home in southwestern Connecticut.
This information is meant to be a general summary of Mutual Housing Association Of Southwestern Ct 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: $5,238
- Program Service Revenue: $746,139
- Gross Receipts: $1,274,963
Assets and Liabilities:
- Total Assets: $16,231,098
- Total Liabilities: $4,224,409
- Net Assets: $12,006,689
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM PASSTHROUGHS
Revenue
-$588,571
INTEREST INCOME - PROGRAM
Revenue
$249,860
MANAGEMENT FEES
Revenue
$244,410
RENTAL INCOME
Revenue
$674,625
SERVICE INCOME
Revenue
$165,815
Organization Details
Founding Year
1996
Phone
(203) 359-6940Principal Officer
Jennifer Chadwick
Main Address
1235 HUNTINGTON TURNPIKE, TRUMBULL, CT, 06611
Website
www.cthousingpartners.orgNTEE Category
Code: L25 - Housing
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