Overview
What is Mutual Housing Of Norwalk & Fairfield County Inc?
Mutual Housing of Norwalk & Fairfield County Inc is a nonprofit organization situated at 79 South Main Street 2, Norwalk, Connecticut 06854. Their primary focus is on providing housing for individuals with low to moderate income. Specifically, they manage a 10-unit complex and offer land leases for low-income housing. The organization's mission is to develop, own, and manage housing units, ensuring that these resources are accessible to families in need. Their activities and devotion to this mission contribute to the betterment of the local community by providing affordable and sustainable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star Rating
Mutual Housing of Norwalk & Fairfield County Inc has received a score of 55%, indicating significant areas for improvement in their accountability and finance practices. The charity's strong points include having a fully independent board and a good program expense ratio, which suggests that funds are largely directed towards their intended programs.
However, the organization faces critical weaknesses, particularly in transparency and governance policies. They scored zero points in several key areas, including the lack of a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes, all of which are essential for maintaining accountability to donors and stakeholders.
These shortcomings may raise concerns for potential donors regarding the integrity and governance of the organization. Without addressing these issues, Mutual Housing may struggle to gain trust and support from the community and potential funders in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mutual Housing Of Norwalk & Fairfield County Inc legitimate?
Mutual Housing Of Norwalk & Fairfield County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mutual Housing Of Norwalk & Fairfield County 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:
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What is the mission statement of Mutual Housing Of Norwalk & Fairfield County Inc?
Mutual Housing Of Norwalk & Fairfield County Inc is committed to its mission of providing housing solutions for families with low to moderate income levels. The organization achieves this mission by developing, owning, and managing housing units specifically designed for this income bracket. Their activities primarily revolve around constructing and maintaining a 10-unit housing complex for low-income individuals and offering land leases for low-income housing. In essence, Mutual Housing Of Norwalk & Fairfield County Inc is dedicated to providing affordable housing options, contributing to improved living conditions for those in need.
Who is the CEO of Mutual Housing Of Norwalk & Fairfield County Inc?
Marie E Allen is the President of Mutual Housing Of Norwalk & Fairfield County Inc.
What is the revenue of Mutual Housing Of Norwalk & Fairfield County Inc?
Mutual Housing Of Norwalk & Fairfield County Inc's revenue in 2022 was $3,960.
Who are the executives of Mutual Housing Of Norwalk & Fairfield County Inc and what are their salaries?
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Where can I find the form 990 for Mutual Housing Of Norwalk & Fairfield County Inc?
Mutual Housing Of Norwalk & Fairfield County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mutual Housing Of Norwalk & Fairfield County Inc
Mutual Housing of Norwalk & Fairfield County Inc is a dedicated organization with a mission to provide housing for families with low and moderate incomes. This mission is accomplished through the development, ownership, and management of suitable housing units. The organization's primary goal is to ensure that low-income individuals have access to decent living spaces, thereby contributing to their overall well-being and stability. To achieve this, Mutual Housing of Norwalk & Fairfield County Inc manages a 10-unit housing complex, specifically designed for individuals with limited financial resources. Furthermore, the organization also offers land leases for low-income housing, thereby expanding its reach and accommodating a larger number of families in need. Overall, Mutual Housing of Norwalk & Fairfield County Inc plays a vital role in addressing the housing challenges faced by low-income families, providing them with a safe and secure living environment.
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Impact
August, 2024
Mutual Housing Of Norwalk & Fairfield County Inc's impact includes providing affordable housing options to low and moderate income families in the Norwalk area. Through its 10-unit housing complex and land lease program, the organization is helping individuals and families in need of stable and affordable housing. By developing, owning, and managing housing units, Mutual Housing Of Norwalk & Fairfield County Inc is making a tangible difference in the lives of those facing housing insecurity in the community.
This information is meant to be a general summary of Mutual Housing Of Norwalk & Fairfield County 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.
- Program Service Revenue: $3,960
- Gross Receipts: $3,960
Assets and Liabilities:
- Total Assets: $141,879
- Total Liabilities: $270,643
- Net Assets: -$128,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Land lease
Revenue
$3,960
Organization Details
Founding Year
2003
Phone
(203) 286-8834Principal Officer
Marie E Allen
Main Address
79 South Main Street 2, Norwalk, CT, 06854
NTEE Category
Code: L20Z - Housing
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