Overview
What is Lamoille Housing Partnership Inc?
Lamoille Housing Partnership Inc is a nonprofit organization situated in Morrisville, Vermont. Their primary focus is on property management and development, specifically dedicated to the rehabilitation and development of affordable housing. This mission extends to serving the low and moderate-income communities residing within Lamoille County and the Town of Hardwick. Their operations include the creation, refurbishment, and maintenance of energy-efficient, safe, and decent housing units, which can be rented or owned. With a team of three dedicated individuals, Lamoille Housing Partnership Inc strives to make affordable housing a reality for those in need.
Official website here: www.lamoillehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating from Charity Navigator)
Lamoille Housing Partnership Inc has achieved an impressive 96% score on Charity Navigator, highlighting its strong financial health and accountability. The organization boasts a fully independent board and has effectively implemented policies to ensure transparency and ethical governance. With a high program expense ratio of 91.28%, it indicates a significant portion of its funds is directed toward its mission, rather than administrative costs.
User feedback reflects a deep appreciation for the organization's impact within the community. Reviewers note that LHP, despite being a small organization with limited resources, plays a crucial role in providing safe and affordable housing for low-income families and individuals. This commitment to combating homelessness is complemented by services aimed at supporting seniors, demonstrating a broad and compassionate approach to community needs.
However, there is a call for greater community support to enhance its capabilities. Users recognize the value of LHP's work but express concern that additional backing could strengthen its mission and outreach. Overall, Lamoille Housing Partnership Inc is seen as a vital resource that deserves more recognition and support to continue its impactful work in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Lamoille Housing Partnership Inc legitimate?
Lamoille Housing Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lamoille Housing Partnership 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: $109,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,587
For more financial information, click here
Official website here: www.lamoillehousing.org
What is the mission statement of Lamoille Housing Partnership Inc?
Lamoille Housing Partnership Inc's mission is focused on improving the living situations of individuals with low to moderate income. They achieve this by developing, rehabilitating, and maintaining safe, energy-efficient, and affordable housing options through rental or ownership. This organization is committed to serving this demographic within Lamoine County and the Town of Hardwick. Their mission is essentially to ensure that everyone has access to decent and secure housing, thereby enhancing their overall quality of life. The organization's operations encompass property management and development, specifically dedicated to the rehabilitation and development of affordable housing.
Official website here: www.lamoillehousing.org
Who is the CEO of Lamoille Housing Partnership Inc?
Jim Lovinsky is the Executive Di of Lamoille Housing Partnership Inc.
Official website here: www.lamoillehousing.org
What is the revenue of Lamoille Housing Partnership Inc?
Lamoille Housing Partnership Inc's revenue in 2022 was $3,549,386.
Official website here: www.lamoillehousing.org
Who are the executives of Lamoille Housing Partnership Inc and what are their salaries?
The average compensation at Lamoille Housing Partnership Inc during 2022 was $78,216. There are 3 employees and 12 volunteers at Lamoille Housing Partnership Inc.
Here are 15 key members and their salaries:
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- Other: $2,837
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Official website here: www.lamoillehousing.org
Where can I find the form 990 for Lamoille Housing Partnership Inc?
Lamoille Housing Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lamoillehousing.org
Learn more at the official website: www.lamoillehousing.org
Mission Statement of Lamoille Housing Partnership Inc
Lamoille Housing Partnership Inc, as a nonprofit organization, is committed to an important mission. They strive to develop, rehabilitate, and maintain safe, decent, and energy-efficient affordable housing for individuals and families with low to moderate incomes. This mission is carried out through both rental and ownership options, ensuring that those in need have access to suitable housing within their means. By doing so, Lamoille Housing Partnership Inc plays a significant role in enhancing the living conditions of its community, contributing to a more equitable and prosperous society. The organization's operations encompass property management and development, overseeing all aspects of the rehabilitation and development of affordable housing.
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Impact
October, 2024
Lamoille Housing Partnership Inc significantly impacts the community by providing safe, decent, and energy-efficient affordable housing options for low and moderate-income individuals and families within Lamoille County and the Town of Hardwick. By developing, rehabilitating, and maintaining housing, the organization addresses critical needs for affordable living spaces, helping to enhance the quality of life for residents.
Through effective property management and development, Lamoille Housing Partnership Inc ensures that these housing options are not only accessible but also sustainable, fostering long-term stability for the community. The organization plays a crucial role in promoting economic diversity and improving housing conditions, which contributes to the overall well-being of the region. By focusing on energy efficiency, it also supports environmental sustainability, which is increasingly important in today’s housing landscape. Ultimately, Lamoille Housing Partnership Inc's efforts create a more equitable and thriving community for all residents.
This information is meant to be a general summary of Lamoille Housing Partnership 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: $121
- Program Service Revenue: $452,682
- Gross Receipts: $3,549,386
Assets and Liabilities:
- Total Assets: $3,838,850
- Total Liabilities: $1,616,984
- Net Assets: $2,221,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$282,710
RENTAL INCOME
Revenue
$278,208
INCOME FROM LTD. PARTNERSHIPS
Revenue
-$108,236
Organization Details
Founding Year
1991
Phone
(802) 888-5714Principal Officer
Jim Lovinsky
Main Address
PO BOX 637, MORRISVILLE, VT, 05661
Website
www.lamoillehousing.orgNTEE Category
Code: L20Z - Housing
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