Overview
What is The Foundation For Norfolk Living Inc?
The Foundation For Norfolk Living Inc, situated in Norfolk, Connecticut, is a dedicated nonprofit organization. Their primary objective is to provide financial support and various forms of assistance to create affordable housing opportunities in Norfolk for a diverse community of individuals and families of modest means. Through their mission, they aim to foster housing prospects in Norfolk, contributing positively to its community.
Official website here: www.foundationfornorfolkliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Foundation For Norfolk Living Inc has demonstrated a solid commitment to accountability and finance, reflected in its high scores for independent board membership and the absence of asset diversion. The organization fully adheres to several financial best practices, including having a majority of independent board members and a favorable liabilities-to-assets ratio.
However, the rating also highlights some limitations, particularly regarding governance policies. The foundation lacks a whistleblower policy and documentation retention policy, which are important for transparency and ethical governance. Additionally, the tax form is not posted on their website, which may hinder access to key financial information for potential donors and stakeholders.
Overall, while The Foundation For Norfolk Living Inc shows strong performance in certain areas, improvements in governance practices could enhance its ratings and public trust. The organization's focus on program expenses indicates a commitment to its mission, yet addressing the noted shortcomings would further solidify its standing among nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation For Norfolk Living Inc legitimate?
The Foundation For Norfolk Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Norfolk Living 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:
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Official website here: www.foundationfornorfolkliving.com
What is the mission statement of The Foundation For Norfolk Living Inc?
The Foundation for Norfolk Living Inc has a mission to create opportunities for affordable housing within a diverse community of individuals and families of modest means. To achieve this goal, the organization provides financial and various forms of support and assistance. Their aim is to enhance housing accessibility in an affordable manner, thereby contributing to a more inclusive and equitable living environment. The foundation's activities focus on supporting the creation of affordable housing opportunities that cater to the needs of a wide range of people.
Official website here: www.foundationfornorfolkliving.com
Who is the CEO of The Foundation For Norfolk Living Inc?
Kate Johnson is the President of The Foundation For Norfolk Living Inc.
Official website here: www.foundationfornorfolkliving.com
What is the revenue of The Foundation For Norfolk Living Inc?
The Foundation For Norfolk Living Inc's revenue in 2022 was $515,543.
Official website here: www.foundationfornorfolkliving.com
Who are the executives of The Foundation For Norfolk Living Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.foundationfornorfolkliving.com
Where can I find the form 990 for The Foundation For Norfolk Living Inc?
The Foundation For Norfolk Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationfornorfolkliving.com
Learn more at the official website: www.foundationfornorfolkliving.com
Mission Statement of The Foundation For Norfolk Living Inc
The Foundation for Norfolk Living Inc is committed to creating opportunities for affordable housing in various communities and families of modest means. As part of its mission, this organization provides financial and diverse forms of support to facilitate the development of affordable housing options in Norfolk, CT. By offering this assistance, The Foundation for Norfolk Living Inc aims to contribute to a diverse community where affordable housing is accessible to all.
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Impact
July, 2024
The Foundation For Norfolk Living Inc's impact is significant in creating opportunities for housing in Norfolk, CT. By providing financial and other forms of support and assistance, the organization is working to ensure that affordable housing options are available to a diverse community of people and families of modest means in Norfolk. Through its mission to address housing needs, The Foundation For Norfolk Living Inc is making a positive impact on the community by promoting accessibility to housing for those in need.
This information is meant to be a general summary of The Foundation For Norfolk Living 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: $361
- Program Service Revenue: $106,569
- Gross Receipts: $515,543
Assets and Liabilities:
- Total Assets: $4,560,155
- Total Liabilities: $301,191
- Net Assets: $4,258,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME-TCR
Revenue
$95,967
RENTAL INCOME-ARCANUM
Revenue
$10,602
Organization Details
Founding Year
2005
Phone
(860) 307-2693Principal Officer
Kate Johnson
Main Address
PO BOX 2, NORFOLK, CT, 06058
NTEE Category
Code: L20 - Housing
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