Overview
What is Housing Benefits?
Housing Benefits is a nonprofit organization focused on addressing the housing needs of individuals and families in transitional and low-income situations. They accomplish this by actively purchasing and developing suitable housing units, ensuring that those in need have access to secure and affordable living spaces. Their mission encompasses this twofold approach, providing a vital service in promoting housing stability and improving the overall quality of life for their beneficiaries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Housing Benefits has achieved a Three-Star rating from Charity Navigator, indicating a solid accountability and finance performance. The rating is based solely on the Accountability & Finance beacon, where the charity scored well in multiple areas, such as having a fully independent board and documented policies related to conflict of interest and whistleblower protections.
The organization demonstrates financial responsibility, with a program expense ratio of 86.39%, indicating that a significant portion of their expenses directly supports their mission. Their audit and oversight committee also received full marks, reflecting a strong commitment to transparency in financial matters.
However, the charity did receive a low score on the liabilities to assets ratio, which could suggest potential financial risks. This area may warrant further attention to ensure long-term sustainability. Overall, Housing Benefits shows a commitment to accountability and effective financial practices, but potential donors might want to consider the implications of their liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Benefits legitimate?
Housing Benefits is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Benefits 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: $788,000
For more financial information, click here
What is the mission statement of Housing Benefits?
Housing Benefits, as an organization, is dedicated to the mission of procuring and constructing transitional and economically affordable housing units. This mission is aimed at serving individuals and families in need of such housing solutions. The organization's activities revolve around the acquisition and development of these housing units, catering to the specific needs of those who require transitional or low-income housing options.
Who is the CEO of Housing Benefits?
Maria Devlin is the CEO of Housing Benefits The CEO's salary of Housing Benefits is $0 and their total compensation is $258,399.
What is the revenue of Housing Benefits?
Housing Benefits's revenue in 2023 was $5,232,381.
Who are the executives of Housing Benefits and what are their salaries?
The average compensation at Housing Benefits during 2023 was $25,419. There are 31 employees and 10 volunteers at Housing Benefits.
Here are 11 key members and their salaries (Housing Benefits's CEO's salary is $0 and their total compensation is $258,399):
- 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: $235,447
- Other: $22,952
- Compensation: $0
- Related: $120,962
- Other: $22,995
- Compensation: $0
- Related: $101,650
- Other: $12,055
- Compensation: $0
- Related: $70,000
- Other: $0
Where can I find the form 990 for Housing Benefits?
Housing Benefits's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Housing Benefits
Housing Benefits, a nonprofit organization, is dedicated to the mission of procuring and constructing transitional and affordable housing units. This mission is geared towards serving individuals and families who are in need of such housing solutions. By purchasing and developing these properties, Housing Benefits seeks to provide a viable living space for those who may be transitioning out of challenging circumstances or are financially disadvantaged. The organization's initiatives aim to make a meaningful impact on the lives of those in need, contributing to a more equitable and inclusive housing landscape.
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Impact
October, 2024
Housing Benefits plays a crucial role in addressing the urgent need for affordable and transitional housing in Manchester, NH. By purchasing and developing properties tailored for individuals and families facing housing instability, the organization directly impacts the local community by providing safe and secure living conditions.
The availability of transitional and low-income housing helps to alleviate homelessness and housing insecurity. This enables vulnerable populations to stabilize their lives, allowing them to focus on essential needs like employment, education, and health care. By fostering stable living environments, Housing Benefits contributes to the overall well-being of its residents and promotes a sense of community.
Moreover, the development of affordable housing can have a ripple effect within the local economy. It increases property values, attracts new residents, and can lead to the revitalization of neighborhoods. By enhancing the quality of life for its tenants and the broader community, Housing Benefits plays a significant role in creating a more equitable and sustainable environment in Manchester.
This information is meant to be a general summary of Housing Benefits. 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: $27,854
- Program Service Revenue: $2,919,430
- Gross Receipts: $5,242,931
Assets and Liabilities:
- Total Assets: $24,938,003
- Total Liabilities: $18,660,479
- Net Assets: $6,277,524
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$2,701,666
Laundry/Vending/Misc
Revenue
$217,764
Organization Details
Founding Year
2009
Principal Officer
Maria Devlin
NTEE Category
Code: L21 - Housing
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