Overview
What is Affordable Housing Education & Development Inc?
Affordable Housing Education & Development Inc, based in Littleton, New Hampshire, is a nonprofit organization committed to addressing housing needs in the region. With a mission to offer decent, safe, and affordable housing options, they manage a portfolio of properties in nine Northern New Hampshire communities and two Northern Vermont communities, catering to low and moderate-income individuals. Their approach emphasizes community resources, education, personal initiative, democratic values, and economic empowerment. The organization also strives to improve the overall living standards of the community by promoting job retention, expansion, and attraction, as well as outreach programs and business development projects. Currently, the nonprofit employs 42 individuals, working tirelessly to make a positive impact on their community.
Official website here: www.homesahead.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star Rating from Charity Navigator
Affordable Housing Education & Development Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The overall score is based entirely on its robust performance in financial practices, underscoring the organization's transparency and responsible management of donor funds.
The organization stands out with a perfect score in multiple categories, including having a fully independent board and a strong audit and oversight committee. It also demonstrates no material diversion of assets and adheres to best practices with clear policies on conflicts of interest and whistleblower protections. Its program expense ratio of 82.62% indicates that a significant portion of its expenses directly supports its mission.
While the charity's financial metrics are impressive, further qualitative feedback from users about its programs and impact would provide a more comprehensive picture of its effectiveness in addressing affordable housing issues. Overall, Affordable Housing Education & Development Inc's high rating reflects its strong operational health and governance standards.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Education & Development Inc legitimate?
Affordable Housing Education & Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Education & Development 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: $132,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,333,994
For more financial information, click here
Official website here: www.homesahead.org
What is the mission statement of Affordable Housing Education & Development Inc?
Affordable Housing Education & Development Inc, often referred to as AHEAD, is dedicated to providing opportunities for affordable, safe, and sanitary housing for lower-income individuals. Their mission emphasizes the use of community resources and encourages personal initiative, democratic values, and economic empowerment. The organization also aims to improve the overall standard of living within the community by promoting job retention, expansion, and attraction, as well as through outreach programs and business development projects. AHEAD operates as a membership-based entity.
Official website here: www.homesahead.org
Who is the CEO of Affordable Housing Education & Development Inc?
Susan Retz is the President of Affordable Housing Education & Development Inc.
Official website here: www.homesahead.org
What is the revenue of Affordable Housing Education & Development Inc?
Affordable Housing Education & Development Inc's revenue in 2022 was $2,795,539.
Official website here: www.homesahead.org
Who are the executives of Affordable Housing Education & Development Inc and what are their salaries?
The average compensation at Affordable Housing Education & Development Inc during 2022 was $34,914. There are 42 employees and 15 volunteers at Affordable Housing Education & Development Inc.
Here are 13 key members and their salaries:
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- Compensation: $72,458
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- Compensation: $43,789
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Official website here: www.homesahead.org
Where can I find the form 990 for Affordable Housing Education & Development Inc?
Affordable Housing Education & Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homesahead.org
Learn more at the official website: www.homesahead.org
Mission Statement of Affordable Housing Education & Development Inc
Affordable Housing Education & Development Inc, often referred to as AHEAD, is dedicated to creating opportunities for safe and affordable housing in rural communities. Their primary mission is to uplift the living standards of lower-income individuals by implementing comprehensive programs that utilize community resources and emphasize education, personal initiative, democratic values, and economic empowerment. AHEAD aims to not only provide decent, safe, and sanitary housing but also strengthen the overall standard of living for all community residents. They achieve this by retaining, expanding, and attracting job opportunities, as well as participating in outreach programs and business development projects. AHEAD operates as a membership-based entity, committed to empowering its community members by providing them with the tools and resources necessary to improve their living conditions.
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Impact
October, 2024
Affordable Housing Education & Development Inc (AHEAD) creates pathways to safe, affordable housing, significantly impacting rural communities in Northern New Hampshire and Northern Vermont. By owning and managing a portfolio of low to moderate-income rental properties, AHEAD addresses the critical need for decent housing for lower-income residents.
Their approach emphasizes education, personal initiative, and community resources, fostering an environment where residents can improve their quality of life. AHEAD’s efforts not only provide essential housing opportunities but also contribute to the revitalization of these areas. By facilitating outreach programs and supporting business development, AHEAD helps strengthen the local economy, create jobs, and enhance the overall standard of living for community residents.
Through these comprehensive programs, AHEAD effectively empowers individuals and families, promoting economic stability and democratic values within the region.
This information is meant to be a general summary of Affordable Housing Education & Development 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: $7,159
- Program Service Revenue: $1,951,074
- Gross Receipts: $3,261,470
Assets and Liabilities:
- Total Assets: $10,271,285
- Total Liabilities: $2,752,766
- Net Assets: $7,518,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees for Services
Revenue
$1,678,539
Rental Income
Revenue
$245,731
Other Income
Revenue
$26,804
Organization Details
Founding Year
1991
Phone
(603) 444-1377Principal Officer
Susan Retz
Main Address
262 Cottage Street, Littleton, NH, 03561
Website
www.homesahead.orgNTEE Category
Code: L200 - Housing
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