Overview
What is Harbor House Movin' Out Inc?
Harbor House Movin' Out Inc is a nonprofit organization situated in Madison, Wisconsin. Their primary mission is to provide and rent condominium homes to low-income families and individuals with disabilities, offering them a suitable living environment. The organization owns these properties and aims to make housing accessible for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Harbor House Movin' Out Inc has received a Two-Star rating from Charity Navigator, signifying moderate performance with a score of 65%. The overall rating is primarily influenced by the organization’s Accountability & Finance metrics, which showcase strengths in various governance aspects, including a fully independent board and strong documentation practices.
The nonprofit boasts a program expense ratio of 94.72%, indicating that a high percentage of its expenditures are directed towards its mission-driven programs. This is a positive sign for donors looking to support effective initiatives. However, the organization faces challenges with its liabilities to assets ratio, which stands at 136.72%, suggesting potential financial health concerns that merit attention.
Overall, while Harbor House Movin' Out Inc demonstrates solid governance and a commitment to program funding, the financial ratio indicates a need for improvement in managing its liabilities. Donors should weigh these factors when considering their support.
This AI summary has been generated from information found on Charity Navigator.
Is Harbor House Movin' Out Inc legitimate?
Harbor House Movin' Out Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harbor House Movin' Out 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: $0
For more financial information, click here
What is the mission statement of Harbor House Movin' Out Inc?
Harbor House Movin' Out Inc, as an organization, is dedicated to providing affordable condominium homes for low-income individuals with disabilities and their families. Its primary mission is to own and manage these residences, offering them as rental properties. The organization's goal is to contribute to the well-being of these individuals by providing them with a secure and comfortable living space. By maintaining and renting out these condominium homes, Harbor House Movin' Out Inc aims to support the housing needs of this specific demographic, thereby contributing to their overall quality of life.
Who is the CEO of Harbor House Movin' Out Inc?
Kingsley Gobourne is the President of Harbor House Movin' Out Inc.
What is the revenue of Harbor House Movin' Out Inc?
Harbor House Movin' Out Inc's revenue in 2022 was $87,326.
Who are the executives of Harbor House Movin' Out Inc and what are their salaries?
There 3 volunteers at Harbor House Movin' Out Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Harbor House Movin' Out Inc?
Harbor House Movin' Out Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Harbor House Movin' Out Inc
Harbor House Movin' Out Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for low-income individuals with disabilities and their families. Their primary mission involves owning and renting condominium homes, offering a secure living environment for this specific population. By maintaining and renting these homes, Harbor House Movin' Out Inc aims to contribute positively to the well-being of individuals with disabilities, allowing them to live independently and comfortably. The organization's mission reflects a commitment to providing essential housing support, ensuring that people with disabilities and their families have access to adequate and affordable living spaces.
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Impact
October, 2024
Harbor House Movin' Out Inc has a significant impact by providing stable housing solutions for low-income individuals with disabilities and their families in Madison, WI. By owning and renting condominium homes, the organization ensures that these families have access to safe, affordable living spaces that cater to their specific needs. This initiative not only fosters a sense of community and belonging but also empowers residents to thrive in a supportive environment. The availability of suitable housing enhances the quality of life for its residents, promoting independence and improving overall well-being. Through its dedicated mission, Harbor House Movin' Out Inc plays a crucial role in addressing housing disparities for marginalized populations, ultimately contributing to a more inclusive society.
This information is meant to be a general summary of Harbor House Movin' Out 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: $203
- Program Service Revenue: $79,166
- Gross Receipts: $87,326
Assets and Liabilities:
- Total Assets: $1,594,798
- Total Liabilities: $2,180,428
- Net Assets: -$585,630
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$79,166
Organization Details
Founding Year
2010
Phone
(608) 251-4446Principal Officer
Kingsley Gobourne
Main Address
902 ROYSTER OAKS DRIVE 105, MADISON, WI, 537149101
NTEE Category
Code: L20 - Housing
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