Overview
What is Greater Brunswick Housing Corporation?
Greater Brunswick Housing Corporation is a nonprofit organization situated in Brunswick, Maine. Their primary focus is to address the housing needs of low-income families, achieving this through the rental of multiple residential developments and the development of new low-income housing projects. By adhering to its mission, the organization strives to enhance the availability of affordable housing options within its region, catering to families in need. The organization's US address is listed as 12 Stone Street PO Box A, Brunswick, ME, 04011.
Official website here: www.brunswickhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Greater Brunswick Housing Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is based entirely on its accountability metrics, indicating a commitment to transparency and effective management practices. With a high score in maintaining an independent board and ensuring financial oversight, the organization demonstrates a robust governance structure.
One of the organization’s key strengths is its high program expense ratio of 94.42%, indicating that a significant majority of its funding is directed towards its programs and services rather than administrative costs. Additionally, the charity has a solid liabilities to assets ratio of 35.94%, showcasing its financial health and stability. The absence of any material diversion of assets further reinforces its accountability to stakeholders.
While the positive ratings highlight the organization's effective practices, potential donors and supporters may still wish to consider the broader context of its mission and impact within the community. Overall, the Greater Brunswick Housing Corporation stands out for its commitment to accountability and the responsible use of resources, making it a trustworthy option for those looking to support housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Brunswick Housing Corporation legitimate?
Greater Brunswick Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Brunswick Housing 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.brunswickhousing.org
What is the mission statement of Greater Brunswick Housing Corporation?
The Greater Brunswick Housing Corporation's mission is centered around enhancing the availability of affordable housing options in the region for families with low income. The organization carries out this mission by renting out various low-income housing developments to families in need and engaging in the development of new low-income housing projects. Their primary goal is to contribute to a more inclusive housing market, ensuring that low-income families have access to suitable living spaces.
Official website here: www.brunswickhousing.org
Who is the CEO of Greater Brunswick Housing Corporation?
John Hodge is the President of Greater Brunswick Housing Corporation.
Official website here: www.brunswickhousing.org
What is the revenue of Greater Brunswick Housing Corporation?
Greater Brunswick Housing Corporation's revenue in 2022 was $3,161,972.
Official website here: www.brunswickhousing.org
Who are the executives of Greater Brunswick Housing Corporation and what are their salaries?
There 11 volunteers at Greater Brunswick Housing Corporation.
Here are 13 key members and their salaries:
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- Related: $118,759
- Other: $30,566
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- Related: $82,116
- Other: $15,050
Official website here: www.brunswickhousing.org
Where can I find the form 990 for Greater Brunswick Housing Corporation?
Greater Brunswick Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brunswickhousing.org
Learn more at the official website: www.brunswickhousing.org
Mission Statement of Greater Brunswick Housing Corporation
Greater Brunswick Housing Corporation is committed to making a significant impact in its region by enhancing the availability of affordable housing options for families with low incomes. With a clear mission, this nonprofit organization works tirelessly to address the housing needs of these families, striving to increase the supply of affordable housing within its jurisdiction. By providing rental opportunities for numerous families in need, Greater Brunswick Housing Corporation plays a pivotal role in ensuring that low-income individuals can secure suitable housing, thereby improving their overall living conditions. Furthermore, the organization is actively involved in the development of new low-income housing projects, aiming to expand the range of affordable housing options available to the community. By taking on this mission, Greater Brunswick Housing Corporation is contributing to a more equitable and inclusive living environment for all members of the community.
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Impact
October, 2024
Greater Brunswick Housing Corporation significantly impacts the community by increasing the supply of affordable housing for low-income families in the Brunswick, Maine area. Through the rental of multiple low-income housing developments, it provides safe and stable living conditions for families in need. The organization actively develops new housing projects specifically designed to meet the demands of low-income populations, fostering greater accessibility to quality housing. This effort not only improves individual family situations but also strengthens the overall community by promoting diversity, economic stability, and support for those who face financial challenges.
This information is meant to be a general summary of Greater Brunswick Housing 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: $3,194
- Program Service Revenue: $3,158,778
- Gross Receipts: $3,161,972
Assets and Liabilities:
- Total Assets: $11,831,820
- Total Liabilities: $3,057,320
- Net Assets: $8,774,500
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Rental
Revenue
$3,083,858
Other Program Revenue
Revenue
$74,920
Organization Details
Founding Year
1998
Phone
(207) 725-8711Principal Officer
John Hodge
Main Address
12 Stone Street PO Box A, Brunswick, ME, 04011
Website
www.brunswickhousing.orgNTEE Category
Code: L80 - Housing
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