Overview
What is The Housing Foundation - M & D?
The Housing Foundation - M & D, situated in Orono, Maine, primarily functions as a nonprofit organization. Its primary focus is to provide affordable housing options for individuals with low income, ensuring they have a secure living space. In addition to housing, the foundation also offers related management services. Secondarily, it offers child care services to further support its community. With a team of 38 dedicated individuals, The Housing Foundation - M & D works diligently to enhance the living conditions and wellbeing of its constituents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
The Housing Foundation - M & D has received a 'Needs Improvement' rating from Charity Navigator, with an overall score of 67%. This rating indicates that while the organization meets some standards of accountability and financial health, there are significant areas requiring enhancement. The foundation excelled in areas such as having a majority of independent board members and maintaining a good liabilities to assets ratio. Notably, their program expense ratio stands at 100%, suggesting that all expenditures are directed towards their programs.
However, the organization has several shortcomings that impact its overall score. Key policies such as conflict of interest, whistleblower, and document retention policies are missing, which raises concerns regarding governance and transparency. Additionally, there are notable gaps in their financial practices, including a lack of financial statements review and missing tax form postings on their website, further complicating their financial accountability.
Overall, while The Housing Foundation - M & D demonstrates a commitment to its mission, its governance and financial reporting practices need significant improvement to enhance trust and transparency among stakeholders. Addressing these limitations could potentially strengthen their rating and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Foundation - M & D legitimate?
The Housing Foundation - M & D is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Foundation - M & D 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: $92,541
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,346,033
For more financial information, click here
What is the mission statement of The Housing Foundation - M & D?
The Housing Foundation - M & D primarily focuses on providing low-income housing and the associated management services. In addition to this, the foundation offers secondary child care services as part of its mission. The organization aims to offer housing solutions and related services to individuals in need, while also providing care for children, thereby contributing to their overall well-being.
Who is the CEO of The Housing Foundation - M & D?
Duska Hayman is the President of The Housing Foundation - M & D.
What is the revenue of The Housing Foundation - M & D?
The Housing Foundation - M & D's revenue in 2023 was $2,895,028.
Who are the executives of The Housing Foundation - M & D and what are their salaries?
The average compensation at The Housing Foundation - M & D during 2023 was $37,857. There are 38 employees at The Housing Foundation - M & D.
Here are 10 key members and their salaries:
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- Compensation: $92,541
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Where can I find the form 990 for The Housing Foundation - M & D?
The Housing Foundation - M & D's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Housing Foundation - M & D
The Housing Foundation - M & D, as its name suggests, is primarily dedicated to providing low-income housing. Beyond this primary objective, the organization also extends its services to include the management of these housing facilities. In a secondary capacity, The Housing Foundation - M & D offers child care services. The organization's mission is to ensure that individuals with limited financial resources have access to safe and suitable housing, and in doing so, contributes to the well-being of the community. Additionally, by offering child care services, The Housing Foundation - M & D aims to support the families residing in these facilities, enabling them to focus on their personal and financial development while their children are in safe and nurturing care.
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Impact
October, 2024
The Housing Foundation - M & D plays a crucial role in addressing the needs of low-income individuals and families in Orono, ME. By providing affordable housing options, it directly contributes to stable living conditions, which are essential for improving the quality of life for those in challenging economic situations. The organization's focus on housing goes beyond mere shelter; it involves related management services that ensure residents can thrive in their homes.
Additionally, by incorporating child care services into its offerings, the foundation supports families in balancing work and nurturing their children, thereby fostering a holistic approach to community well-being. This dual focus not only alleviates immediate housing concerns but also empowers families by creating an environment where they can pursue education and employment opportunities, ultimately promoting economic self-sufficiency and community growth.
This information is meant to be a general summary of The Housing Foundation - M & D. 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: $15,012
- Program Service Revenue: $2,655,314
- Gross Receipts: $2,895,028
Assets and Liabilities:
- Total Assets: $3,732,139
- Total Liabilities: $384,669
- Net Assets: $3,347,470
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORT SERVICE INCOME
Revenue
$2,171,395
DAYCARE FEES
Revenue
$289,384
RENTAL REVENUE
Revenue
$144,023
MANAGEMENT FEE REVENUE
Revenue
$511
Organization Details
Founding Year
1969
Phone
(207) 866-4634Principal Officer
Duska Hayman
Main Address
353 MAIN STREET, ORONO, ME, 04473
NTEE Category
Code: L20 - Housing
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