Overview
What is Housing Assistance Corporation?
The Housing Assistance Corporation (HAC) is a Massachusetts-based nonprofit organization, located at 460 WEST MAIN STREET in Hyannis, with a mission to ensure safe and affordable housing for people on Cape Cod and the islands. Through its Client Services Division, HAC offers various programs to eligible individuals and families, providing affordable housing options, homelessness prevention, shelter, and self-sufficiency services. These services range from housing assistance payments for low-income tenants, transitional housing and job placement for the homeless, and training and support for homeowners, including foreclosure counseling. HAC's major programs focus on rental subsidies, shelter services, consumer education, and residential energy efficiency to achieve its goal of promoting and implementing the right to safe and affordable housing for all. Currently, the organization employs a workforce of 138 individuals to carry out their important mission.
Official website here: www.haconcapecod.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Housing Assistance Corporation has earned a Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's overall score of 96% indicates exceptional performance in various areas, including a fully independent board and a robust audit and oversight framework. It has demonstrated sound financial practices, such as maintaining a favorable liabilities to assets ratio and a high program expense ratio, ensuring that a significant portion of its funds directly supports its mission.
The organization stands out for its fully independent board, which is essential for governance and transparency, as well as for adhering to best practices in conflict of interest and whistleblower policies. Its financial statements are regularly audited, and there are no reported diversions of assets, contributing to the trustworthiness of the organization. The meticulous documentation of board meeting minutes further enhances its credibility.
While the data highlights many strengths, it’s important for potential donors to consider the overall context of the charity’s work and impact in the community. However, based on the financial and governance metrics provided, Housing Assistance Corporation is recognized as a responsible and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Assistance Corporation legitimate?
Housing Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Assistance Corporation 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: $447,398
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,056,914
For more financial information, click here
Official website here: www.haconcapecod.org
What is the mission statement of Housing Assistance Corporation?
The Housing Assistance Corporation is dedicated to ensuring that all people have access to safe and affordable housing. To accomplish this goal, the organization concentrates its efforts on rental subsidies, shelter services, consumer education, and residential energy efficiency. Through its client services division, HAC works with eligible individuals and families in Massachusetts to provide a range of affordable housing options, homelessness prevention services, and self-sufficiency programs. These services include housing assistance payments for low-income tenants, transitional housing, assistance for the homeless with housing search and job placement, and training and support for homeowners including foreclosure counseling.
Official website here: www.haconcapecod.org
Who is the CEO of Housing Assistance Corporation?
Peter Muise is the Chairman of Housing Assistance Corporation. The CEO's salary of Housing Assistance Corporation is $187,577 and their total compensation is $230,911.
Official website here: www.haconcapecod.org
What is the revenue of Housing Assistance Corporation?
Housing Assistance Corporation's revenue in 2022 was $36,246,807.
Official website here: www.haconcapecod.org
Who are the executives of Housing Assistance Corporation and what are their salaries?
The average compensation at Housing Assistance Corporation during 2022 was $39,886. There are 138 employees and 616 volunteers at Housing Assistance Corporation.
Here are 23 key members and their salaries (Housing Assistance Corporation's CEO's salary is $187,577 and their total compensation is $230,911):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $187,577
- Related: $0
- Other: $43,334
- Compensation: $129,263
- Related: $0
- Other: $39,863
- Compensation: $132,709
- Related: $0
- Other: $22,148
- Compensation: $117,100
- Related: $0
- Other: $16,934
- Compensation: $101,630
- Related: $0
- Other: $16,436
Official website here: www.haconcapecod.org
Where can I find the form 990 for Housing Assistance Corporation?
Housing Assistance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.haconcapecod.org
Learn more at the official website: www.haconcapecod.org
Mission Statement of Housing Assistance Corporation
The Housing Assistance Corporation (HAC) is a mission-driven organization dedicated to promoting and implementing the right of all people on Cape Cod and the Islands to occupy safe and affordable housing. To achieve this goal, HAC concentrates its major programs around rental subsidies, shelter services, consumer education, and residential energy efficiency.
Through its Client Services Division, HAC works with eligible individuals and families in Massachusetts to provide a wide range of affordable housing, homelessness prevention, and shelter and self-sufficiency services. The organization offers Housing Assistance Payments for low-income tenants, helping them maintain stable housing. HAC also provides transitional housing and assistance for the homeless, including housing search and job placement. Furthermore, HAC offers training and support for homeowners, including foreclosure counseling. By focusing on these areas, HAC aims to ensure that individuals and families on Cape Cod and the Islands have access to safe, affordable housing and the resources they need to achieve self-sufficiency.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Housing Assistance Corporation (HAC) plays a crucial role in ensuring access to safe and affordable housing for individuals and families on Cape Cod and the Islands. Its comprehensive approach addresses various aspects of housing stability through programs that focus on rental subsidies, shelter services, and consumer education.
By offering housing assistance payments, HAC supports low-income tenants, enabling them to secure and maintain stable housing. The transitional housing initiatives and services for the homeless, including housing search and job placement assistance, provide critical support for those facing instability.
Additionally, HAC emphasizes self-sufficiency through training and support for homeowners, including foreclosure counseling, which empowers individuals to navigate financial challenges effectively. The organization also promotes residential energy efficiency, helping families reduce their living costs and improve their quality of life.
Overall, HAC's multifaceted programs significantly impact the community by fostering housing security and promoting the rights of residents to safe and affordable homes.
This information is meant to be a general summary of Housing Assistance Corporation. 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: $35,528
- Program Service Revenue: $3,449,470
- Gross Receipts: $36,246,807
Assets and Liabilities:
- Total Assets: $20,544,372
- Total Liabilities: $10,228,538
- Net Assets: $10,315,834
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENERGY EFFICIENCY SERVICES
Revenue
$1,434,219
LOW INCOME RENTAL HOUSING
Revenue
$1,206,480
ADMINISTRATION FEES
Revenue
$501,334
ADDITIONAL PROGRAM REVENUE
Revenue
$156,618
MEDICAID
Revenue
$150,819
Organization Details
Founding Year
1974
Phone
(508) 771-5400Principal Officer
Peter Muise
Main Address
460 WEST MAIN STREET, HYANNIS, MA, 02601
Website
www.haconcapecod.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Housing Assistance Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.