Overview
What is Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor?
Housing Initiatives of New England Corporation, led by Cynthia J Milliken Taylor, is a dedicated nonprofit organization. Their primary focus is on preserving eight quality affordable housing projects for low-income elderly and families, as per Section 8. This commitment to low-income housing is an integral part of their mission.
Official website here: www.hinec.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88%, Three-Star out of Four Star rating.
Housing Initiatives of New England Corp has received a solid Three-Star rating from Charity Navigator, primarily reflecting its strong accountability and finance practices. The organization excels in maintaining an independent board, with all members being independent, and demonstrates transparency through well-audited financial statements. The absence of any material diversion of assets further enhances its credibility.
The nonprofit also showcases a commitment to institutional integrity by implementing essential policies such as conflict of interest and whistleblower policies. This attention to governance reflects a proactive approach to maintaining ethical standards. Additionally, the organization meets all required documentation practices, contributing positively to its overall accountability score.
However, while the program expense ratio of 63.26% indicates that a significant portion of funds is directed toward its programs, there is room for improvement in this area to enhance the rating further. Overall, the organization demonstrates a strong commitment to responsible financial management and transparency, although stakeholders may wish to see a higher emphasis on programmatic spending.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor legitimate?
Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor 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: $608,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,997
For more financial information, click here
Official website here: www.hinec.org
What is the mission statement of Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor?
Housing Initiatives of New England Corporation is dedicated to preserving eight quality low-income housing projects for elderly and family residents. The organization's primary focus is on ensuring access to affordable housing for those in need. These projects, which utilize Section 8 housing, are an integral part of the corporation's mission to improve living conditions for low-income individuals. By providing these housing opportunities, the corporation aims to make a positive impact on the lives of many and contribute to creating stronger, more stable communities.
Official website here: www.hinec.org
Who is the CEO of Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor?
Cynthia Milliken Taylor is the Chairperson of Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor.
Official website here: www.hinec.org
What is the revenue of Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor?
Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor's revenue in 2022 was $12,614,146.
Official website here: www.hinec.org
Who are the executives of Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor and what are their salaries?
The average compensation at Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor during 2022 was $168,671. There are 5 employees at Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $356,618
- Related: $0
- Other: $63,530
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $251,742
- Related: $0
- Other: $55,044
- Compensation: $168,539
- Related: $0
- Other: $38,000
Official website here: www.hinec.org
Where can I find the form 990 for Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor?
Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hinec.org
Learn more at the official website: www.hinec.org
Mission Statement of Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor
Housing Initiatives of New England Corp CO Cynthia J Milliken Taylor is a dedicated organization with a mission to preserve quality affordable housing for low-income elderly and family communities. Through its commitment to section 8 projects, this esteemed corporation ensures that a substantial eight projects continue to serve as vital resources for those in need.
By prioritizing low-income housing, Housing Initiatives of New England Corp CO Cynthia J Milliken Taylor strives to make a tangible impact on the lives of numerous individuals and families. The organization's mission is twofold: preserving the quality of existing housing structures, while also maintaining their affordability for eligible residents. In doing so, the corporation creates a safe and stable living environment, enabling residents to focus on their personal growth and well-being.
Furthermore, Housing Initiatives of New England Corp CO Cynthia J Milliken Taylor is dedicated to upholding the standards of its eight projects, ensuring they remain in top condition for the benefit of their residents. This unwavering commitment to maintaining quality housing is a testament to the organization's enduring dedication to enriching the lives of low-income families and elderly individuals in their communities.
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Impact
October, 2024
Housing Initiatives of New England Corp has a significant impact on the community by preserving eight quality low-income housing projects specifically designed for elderly and family residents. Located in Scarborough, Maine, the organization focuses on maintaining Section 8 housing, which plays a crucial role in providing affordable housing options to those in need. By ensuring these properties remain well-maintained and accessible, it helps improve the quality of life for low-income individuals and families, promoting stability and security in their living conditions. This initiative directly contributes to alleviating housing insecurity and supports vulnerable populations in the region.
This information is meant to be a general summary of Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor. 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: $8,261,193
- Program Service Revenue: $2,419,660
- Gross Receipts: $12,614,146
Assets and Liabilities:
- Total Assets: $80,202,462
- Total Liabilities: $11,271,802
- Net Assets: $68,930,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$819,683
TENANT RENT
Revenue
$808,531
COMMERCIAL RENT
Revenue
$341,760
CONSULTING SERVICE
Revenue
$242,626
TAX CREDIT FEE INCOME
Revenue
$114,488
Organization Details
Founding Year
1991
Phone
(207) 774-8812Principal Officer
Cynthia Milliken Taylor
Main Address
264 US ROUTE 1 BLDG 300 SUITE 2A, SCARBOROUGH, ME, 04074
Website
www.hinec.orgNTEE Category
Code: L99Z - Housing
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