Twin Haven Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237287299 ✦ East lyme, CT ✦ Designated as a 501(c)(3)

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Overview

What is Twin Haven Inc?

Twin Haven Inc is a nonprofit organization dedicated to providing affordable and subsidized housing solutions for individuals with disabilities, handicaps, and the elderly. Their mission is to create comfortable living spaces tailored to the unique needs of these groups, aiming to improve their quality of life. The organization operates with the goal of offering housing options that are financially accessible, ensuring that these vulnerable populations have a safe and suitable place to call home.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 64% overall score)

Twin Haven Inc has been rated as needing improvement, attaining a score of 64% from Charity Navigator, primarily indicating concerns in accountability and financial transparency. While the organization excels in having a fully independent board and demonstrates a strong commitment to program expenses, the lack of financial statements and missing tax forms on its website significantly detracts from its overall rating.

The strengths of Twin Haven Inc include its dedicated board structure and effective program expenditure ratio, which shows that a substantial portion of its funds is directed toward its mission. Additionally, the organization has established policies for conflict of interest, whistleblower protection, and document retention, demonstrating an awareness of governance best practices.

However, the organization faces notable challenges regarding financial disclosure, with a concerning liabilities-to-assets ratio and missing financial documentation. These limitations suggest a need for greater transparency and accountability to build trust with stakeholders and potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Twin Haven Inc legitimate?

Twin Haven Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twin Haven 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,145

For more financial information, click here

What is the mission statement of Twin Haven Inc?

Twin Haven Inc, a housing provider, is dedicated to offering affordable and subsidized living spaces for individuals with disabilities, handicaps, and the elderly. Their mission is centered around providing comfortable homes that cater to the unique needs of these groups of people, ensuring they have suitable living arrangements. The organization's programs and services are tailored specifically to meet the requirements of these communities, aiming to enhance their quality of life.

Who is the CEO of Twin Haven Inc?

Brian Steady is the Director of Twin Haven Inc.

What is the revenue of Twin Haven Inc?

Twin Haven Inc's revenue in 2022 was $594,688.

Who are the executives of Twin Haven Inc and what are their salaries?


Here are 11 key members and their salaries:


Evelyn Ferguson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Ferguson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Steady (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Burt Hobby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Hobby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Reynolds (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Fitzpatrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Steady (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vic Vicari (Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Waller (Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rik Wells (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Twin Haven Inc?

Twin Haven Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Twin Haven Inc

Twin Haven Inc, a nonprofit organization, is dedicated to providing comfortable and affordable housing for individuals who are disabled, handicapped, or elderly. The mission of Twin Haven Inc is to cater to the unique needs of these groups of people, ensuring that they have access to suitable living arrangements. The organization's programs are meticulously designed to meet the specific requirements of these groups, aiming to enhance their quality of life. Twin Haven Inc is committed to offering subsidized housing options, ensuring that these vulnerable individuals can afford a place to call home.

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Impact




July, 2024

Twin Haven Inc's impact is profound in providing affordable and subsidized housing for disabled, handicapped, and elderly individuals in East Lyme, CT. By offering comfortable homes tailored to the specific needs of these groups, Twin Haven plays a crucial role in ensuring their well-being and enhancing their quality of life. Through their housing programs, Twin Haven contributes significantly to supporting and empowering these vulnerable populations, allowing them to live independently and comfortably within their community.




This information is meant to be a general summary of Twin Haven 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.

Revenue
$594,688 (2022)
Expenses
$615,161 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $128
  • Program Service Revenue: $594,560
  • Gross Receipts: $594,688

Assets and Liabilities:

  • Total Assets: $1,877,848
  • Total Liabilities: $1,923,224
  • Net Assets: -$45,376

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL REVENUE

Revenue

$594,560

Organization Details

Founding Year

1975

Principal Officer

Brian Steady

Main Address

PO BOX 242, EAST LYME, CT, 06333

NTEE Category

Code: L22 - Housing

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