Overview
What is The Housing Foundation-Phase I & Ii?
The Housing Foundation-Phase I & II, situated in Orono, Maine, is a dedicated nonprofit organization specializing in housing development and management. Their primary objective is to cater to the housing needs of individuals with limited income. This compassionate organization is committed to providing affordable housing solutions within the community, working diligently to ensure everyone has access to a secure and comfortable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars
The Housing Foundation-Phase I & II has received a two-star rating from Charity Navigator, indicating a need for improvement. While the organization demonstrates strong governance with 100% independent board members and no material diversion of assets, it faces significant challenges in transparency and financial accountability. The overall score of 67% reflects these concerns, particularly in areas such as public posting of financial statements and governance policies.
Strengths of the organization include a solid program expense ratio of 100%, suggesting that all funds are directed towards its charitable activities. This is a positive indicator for donors looking for effective use of contributions. Additionally, the organization maintains a low liabilities to assets ratio, which reflects good financial health in that regard.
However, the lack of essential policies, such as conflict of interest and whistleblower policies, along with missing financial statements on their website, raises red flags regarding operational transparency. These limitations could hinder trust and confidence among potential donors and stakeholders, suggesting an urgent need for the organization to enhance its governance practices and transparency initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Housing Foundation-Phase I & Ii legitimate?
The Housing Foundation-Phase I & Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Foundation-Phase I & Ii 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $166,770
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What is the mission statement of The Housing Foundation-Phase I & Ii?
The Housing Foundation-Phase I & II is dedicated to serving its mission of providing low-income housing. As a nonprofit organization, its primary goal is to offer housing solutions for individuals who may not have access to affordable housing options. By focusing on this crucial need, the organization aims to contribute positively to the well-being of its community. The Housing Foundation-Phase I & II's activities are centered around fulfilling this mission, which is to provide affordable housing for those in need.
Who is the CEO of The Housing Foundation-Phase I & Ii?
Duska Hayman is the President of The Housing Foundation-Phase I & Ii.
What is the revenue of The Housing Foundation-Phase I & Ii?
The Housing Foundation-Phase I & Ii's revenue in 2023 was $2,144,243.
Who are the executives of The Housing Foundation-Phase I & Ii and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $25,728
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Where can I find the form 990 for The Housing Foundation-Phase I & Ii?
The Housing Foundation-Phase I & Ii's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Housing Foundation-Phase I & Ii
The Housing Foundation-Phase I & II is a dedicated nonprofit organization with a mission to provide low-income housing. In simpler terms, this organization is committed to making affordable housing options available for individuals who fall under the low-income bracket. By fulfilling this mission, The Housing Foundation-Phase I & II contributes significantly to addressing housing inequality and promoting social justice. The organization's mission is to ensure that everyone, regardless of their financial situation, has access to a safe and suitable living environment. This mission is crucial in maintaining the overall well-being and stability of the community by providing a basic necessity that is often overlooked or inaccessible for many.
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Impact
October, 2024
The Housing Foundation-Phase I & II significantly contributes to alleviating housing insecurity by providing affordable housing options for low-income individuals and families in Orono, ME. By addressing the critical need for accessible housing, it directly improves the living conditions and quality of life for its residents.
This initiative not only offers shelter but also fosters a sense of community, stability, and belonging among those who may otherwise face challenges in securing safe and affordable accommodation. By enabling residents to live in a supportive environment, The Housing Foundation plays a vital role in empowering them to focus on personal growth, education, and employment opportunities.
The impact extends beyond individual households; it contributes to the overall socio-economic health of Orono by promoting community engagement and stability. By providing low-income housing, the foundation helps mitigate issues like homelessness and housing inequality, ultimately supporting the well-being of the broader community.
This information is meant to be a general summary of The Housing Foundation-Phase I & Ii. 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: $2,131
- Program Service Revenue: $2,100,256
- Gross Receipts: $2,144,243
Assets and Liabilities:
- Total Assets: $5,555,190
- Total Liabilities: $158,237
- Net Assets: $5,396,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,497,547
HUD ASSISTANCE
Revenue
$602,709
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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