Overview
What is Mission Hill Neighborhood Housing Services Inc?
Mission Hill Neighborhood Housing Services Inc is a nonprofit organization committed to fostering community involvement in housing and economic development initiatives. Their mission is to preserve the distinctive character of Mission Hill, enhance living standards for low-income residents, and improve the neighborhood's quality of life. They manage and supervise assets for a mixed-use building that incorporates residential, retail, and office spaces. The structure features 40 affordable housing units, satisfying the criteria for low-income housing tax credits.
Official website here: www.missionhillnhs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Mission Hill Neighborhood Housing Services Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The charity's overall score is based solely on its accountability and finance beacon, which stands at 79%. This score indicates a commendable level of transparency and financial management within the organization.
The organization exhibits strong governance practices with a fully independent board, scoring a perfect 8 out of 8 for majority independent board members. Additionally, it has robust financial oversight mechanisms, evidenced by full points for its audit and oversight committee, and a clear conflict of interest policy. These attributes contribute positively to its reputation and operational integrity.
However, there are areas identified for improvement, particularly in the program expense ratio, which stands at 62.78%, indicating that a lower proportion of the charity's expenses are allocated to its programs compared to other nonprofits. This could be a point of concern for potential donors looking for greater programmatic impact. Overall, while Mission Hill Neighborhood Housing Services Inc demonstrates strong accountability, its financial allocation towards programs may warrant further examination.
This AI summary has been generated from information found on Charity Navigator.
Is Mission Hill Neighborhood Housing Services Inc legitimate?
Mission Hill Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission Hill Neighborhood Housing Services 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: $135,639
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,116
For more financial information, click here
Official website here: www.missionhillnhs.org
What is the mission statement of Mission Hill Neighborhood Housing Services Inc?
Mission Hill Neighborhood Housing Services Inc strives to involve various community sectors in devising housing and economic development plans. The primary goal is to preserve the unique character of the community, enhance living standards for low-income residents, and improve the overall quality of life. The organization manages and oversees assets for a mixed-use building, incorporating residential, retail, and office spaces. This structure includes 40 affordable housing units, adhering to low-income housing tax credit requirements.
Official website here: www.missionhillnhs.org
Who is the CEO of Mission Hill Neighborhood Housing Services Inc?
Patricia Flaherty is the Executive Director of Mission Hill Neighborhood Housing Services Inc.
Official website here: www.missionhillnhs.org
What is the revenue of Mission Hill Neighborhood Housing Services Inc?
Mission Hill Neighborhood Housing Services Inc's revenue in 2022 was $725,654.
Official website here: www.missionhillnhs.org
Who are the executives of Mission Hill Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Mission Hill Neighborhood Housing Services Inc during 2022 was $64,189. There are 4 employees and 23 volunteers at Mission Hill Neighborhood Housing Services Inc.
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- Compensation: $135,639
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Official website here: www.missionhillnhs.org
Where can I find the form 990 for Mission Hill Neighborhood Housing Services Inc?
Mission Hill Neighborhood Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.missionhillnhs.org
Learn more at the official website: www.missionhillnhs.org
Mission Statement of Mission Hill Neighborhood Housing Services Inc
Mission Hill Neighborhood Housing Services Inc is committed to engaging various community sectors in devising housing and economic development initiatives. The primary objective is to preserve the unique character of Mission Hill, enhance the living standards for low-income residents, and improve the overall quality of life. To achieve these goals, Mission Hill Neighborhood Housing Services oversees and manages assets for a mixed-use building that incorporates residential, retail, and office spaces. Notably, this structure houses 40 affordable housing units, which adhere to the criteria for low-income housing tax credits. The organization's initiatives aim to uplift the community and provide economically viable living spaces for its low-income residents.
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Impact
October, 2024
Mission Hill Neighborhood Housing Services Inc significantly impacts the Mission Hill community by engaging residents in the development of housing and economic initiatives. Through its efforts, it aims to preserve the unique character of the neighborhood while enhancing the quality of life for low-income residents. The organization administers a mixed-use transit-oriented building that includes 40 affordable residential units, along with retail and office spaces. This initiative not only provides essential housing options that meet low-income housing tax credit requirements but also aims to uplift the standard of living in the area, fostering economic development and community involvement. By bringing together various community stakeholders, Mission Hill Neighborhood Housing Services Inc contributes to a more vibrant and sustainable environment for all residents.
This information is meant to be a general summary of Mission Hill Neighborhood Housing Services 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: $41,982
- Program Service Revenue: $356,249
- Gross Receipts: $937,482
Assets and Liabilities:
- Total Assets: $33,810,822
- Total Liabilities: $18,930,789
- Net Assets: $14,880,033
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCENTIVE MGT FEE
Revenue
$56,549
DEVELOPER FEES
Revenue
$299,700
Organization Details
Founding Year
1975
Principal Officer
Patricia Flaherty
Main Address
1620 TREMONT STREET STE MEZZ, BOSTON, MA, 02120
Website
www.missionhillnhs.orgNTEE Category
Code: L82Z - Housing
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