Overview
What is Massachusetts Affordable Housing Alliance Inc?
Massachusetts Affordable Housing Alliance Inc, based in Dorchester, Massachusetts, is a nonprofit organization dedicated to expanding affordable homeownership opportunities. They achieve this by offering educational programs to low and moderate-income individuals in the Boston area, including a matched savings program for first-generation homebuyers. The alliance also advocates for affordable housing, conducts research on housing issues, and publicizes such opportunities through a website. In fiscal year 2023, MAHA graduated over 3,500 individuals from various homeownership education classes. Additionally, they provide assistance to homeowners through the Homeownership Assistance Fund. The organization aims to break down barriers faced by first-time and first-generation homebuyers and close the racial wealth and homeownership gaps.
Official website here: www.mahahome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
The Massachusetts Affordable Housing Alliance Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The rating is based entirely on the organization's robust performance in these areas, indicating that it operates with high transparency and responsibility regarding its financial practices.
The organization excels in several key metrics, including having a 100% independent board of directors and no material diversion of assets. Its financial health is also noteworthy, with a program expense ratio of 78.59%, meaning a significant portion of its budget is directed towards its mission-related activities. Additionally, the low fundraising efficiency ratio of $0.05 demonstrates effective fundraising practices, ensuring that a minimal amount is spent on raising funds.
While the data showcases many strengths, there are no reported limitations or concerns noted in this summary. Overall, the Massachusetts Affordable Housing Alliance Inc appears to be a well-managed and financially sound nonprofit, making a substantial impact in its focus area.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Affordable Housing Alliance Inc legitimate?
Massachusetts Affordable Housing Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Affordable Housing Alliance 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: $135,539
Professional Fundraising Fees: $0
Other Salaries and Wages: $821,822
For more financial information, click here
Official website here: www.mahahome.org
What is the mission statement of Massachusetts Affordable Housing Alliance Inc?
The Massachusetts Affordable Housing Alliance Inc, often referred to as MAHA, is committed to increasing affordable homeownership opportunities, particularly for first-time and first-generation homebuyers. The organization aims to break down the barriers that these groups often face in the homebuying process and works towards closing the racial wealth and homeownership gaps. MAHA provides homebuyer and homeownership education programs to low and moderate income consumers, including a matched savings program for first-generation homebuyers. The alliance also organizes grassroots support for affordable housing and conducts research on important housing issues. In addition, MAHA publicizes affordable homeownership opportunities through a host website, listing all such units in Massachusetts. In fiscal year 2023, MAHA graduated 3,551 individuals from 51 different homebuyer and homeownership education classes. Beyond this, the organization also provides services to homeowners through the Homeownership Assistance Fund.
Official website here: www.mahahome.org
Who is the CEO of Massachusetts Affordable Housing Alliance Inc?
Symone Crawford is the Executive Director of Massachusetts Affordable Housing Alliance Inc.
Official website here: www.mahahome.org
What is the revenue of Massachusetts Affordable Housing Alliance Inc?
Massachusetts Affordable Housing Alliance Inc's revenue in 2023 was $3,608,110.
Official website here: www.mahahome.org
Who are the executives of Massachusetts Affordable Housing Alliance Inc and what are their salaries?
The average compensation at Massachusetts Affordable Housing Alliance Inc during 2023 was $56,315. There are 17 employees and 717 volunteers at Massachusetts Affordable Housing Alliance Inc.
Here are 15 key members and their salaries:
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Official website here: www.mahahome.org
Where can I find the form 990 for Massachusetts Affordable Housing Alliance Inc?
Massachusetts Affordable Housing Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mahahome.org
Learn more at the official website: www.mahahome.org
Mission Statement of Massachusetts Affordable Housing Alliance Inc
Massachusetts Affordable Housing Alliance (MAHA) is committed to educating and mobilizing efforts to increase affordable homeownership opportunities. Its mission is twofold: firstly, it aims to break down the barriers facing first-time and first-generation homebuyers. Secondly, MAHA strives to close the racial wealth and homeownership gaps. By implementing homebuyer and homeownership education programs, MAHA empowers low and moderate-income consumers in the Boston area. This includes a matched savings program specifically for first-generation homebuyers.
In addition to its educational initiatives, MAHA organizes grassroots support for affordable housing and conducts research on critical housing issues. The organization also publishes affordable homeownership opportunities through a dedicated website, listing all such units across Massachusetts. In the fiscal year 2023, MAHA gradated 3,551 individuals from 51 different homebuyer and homeownership education classes. Furthermore, MAHA provides services to homeowners through the Homeownership Assistance Fund.
In essence, Massachusetts Affordable Housing Alliance Inc. is a nonprofit that takes a proactive approach to addressing the issue of affordable homeownership. It does so by providing educational resources, advocating for policies, and directly supporting individuals and families in their pursuit of homeownership. By breaking down barriers and promoting equitable access to housing, MAHA strives to make homeownership a reality for more individuals, thereby contributing to a more inclusive and equitable society.
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Impact
October, 2024
Massachusetts Affordable Housing Alliance Inc (MAHA) significantly impacts the community by promoting affordable homeownership and addressing barriers faced by first-time and first-generation buyers. By providing comprehensive education and support programs, MAHA equips low and moderate-income individuals with the knowledge and tools necessary to navigate the homebuying process.
In fiscal year 2023, MAHA successfully graduated 3,551 participants from 51 different homebuyer and homeowner education classes. These classes not only focus on the mechanics of purchasing a home but also emphasize financial literacy, enabling participants to make informed decisions that affect their long-term stability. Additionally, MAHA operates a matched savings program specifically designed for first-generation homebuyers, enhancing their ability to accumulate down payments and access homeownership opportunities.
MAHA also engages in grassroots organizing to stimulate community support for affordable housing initiatives, ensuring that local voices are heard and considered in policy discussions. Their research on critical housing issues further informs the community and policymakers, leading to more effective strategies to combat the disparities in homeownership rates, particularly among racial and ethnic minorities.
Furthermore, MAHA supports existing homeowners through the Homeownership Assistance Fund, helping them to maintain homeownership and prevent foreclosure. By publicizing affordable homeownership opportunities on their dedicated website, MAHA serves as a vital resource for individuals seeking affordable housing options throughout Massachusetts.
In summary, MAHA plays a crucial role in increasing access to affordable homeownership, fostering economic empowerment, and working towards closing the racial wealth and homeownership gaps within the community.
This information is meant to be a general summary of Massachusetts Affordable Housing Alliance 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 2023.
- Investment Income: $5,395
- Program Service Revenue: $99,729
- Gross Receipts: $3,647,546
Assets and Liabilities:
- Total Assets: $7,079,806
- Total Liabilities: $1,313,826
- Net Assets: $5,765,980
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$56,504
MEMBERSHIPS
Revenue
$43,225
Organization Details
Founding Year
1989
Phone
(617) 822-9100Principal Officer
Symone Crawford
Main Address
1803 DORCHESTER AVENUE, DORCHESTER, MA, 02124
Website
www.mahahome.orgNTEE Category
Code: L20I - Housing
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