Overview
What is Salisbury Housing Trust?
The Salisbury Housing Trust is a nonprofit organization located in Salisbury township. Their primary mission is to offer affordable housing solutions to local workers, residents, and volunteers. To achieve this, they invest in the construction of homes, which ultimately promotes home ownership within the community. The trust bears the financial burden of these projects, contributing to the availability of reasonably priced housing options in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating
Salisbury Housing Trust has achieved an overall score of 86%, reflecting a strong emphasis on accountability and finance. The high score indicates a well-managed organization committed to transparency and responsible financial practices. The charity's performance is based entirely on its accountability and finance metrics, which are critical for donor confidence.
One of the notable strengths of Salisbury Housing Trust is its governance structure, featuring a fully independent board, which enhances its credibility. The organization has also demonstrated excellent financial health, with a remarkable program expense ratio of 98.32%, indicating that the vast majority of its funding directly supports its programs. Additionally, there are no reported issues with material asset diversion, and the organization adheres to a clear conflict of interest policy.
While the organization has strong financial and governance structures, the single beacon score means there may be limited insights into other operational areas beyond accountability. This focus may not present a complete picture of effectiveness in program delivery or impact, which is something potential donors may want to consider alongside the financial metrics provided.
This AI summary has been generated from information found on Charity Navigator.
Is Salisbury Housing Trust legitimate?
Salisbury Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salisbury Housing Trust 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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What is the mission statement of Salisbury Housing Trust?
The Salisbury Housing Trust is dedicated to providing affordable housing solutions for local workers, residents, and volunteers. By managing expenses related to constructing homes, the organization enables affordable homeownership within the community. The primary goal of the Salisbury Housing Trust is to ensure that a variety of housing options are accessible to those who may not otherwise be able to afford them.
What is the revenue of Salisbury Housing Trust?
Salisbury Housing Trust's revenue in 2024 was $432,078.
Who are the executives of Salisbury Housing Trust and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Salisbury Housing Trust?
Salisbury Housing Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Salisbury Housing Trust
The Salisbury Housing Trust is dedicated to providing affordable housing solutions for local workers, residents, and volunteers. This nonprofit organization invests in building homes, thus facilitating homeownership opportunities within the community. Its mission is to make housing more accessible and affordable for individuals who contribute significantly to the township of Salisbury. The Trust's activities are primarily centered around incurring expenses related to housing construction, with the ultimate goal of making homeownership a viable option for a wider population.
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Impact
August, 2024
Salisbury Housing Trust's impact can be seen in the increased availability of affordable housing options for workers, residents, and volunteers in Salisbury township. By providing homes that enable home ownership in the area, the organization is contributing to a more stable and inclusive community. The Trust's efforts help address housing affordability challenges and offer opportunities for individuals and families to put down roots in Salisbury, ultimately strengthening the local economy and fostering a sense of belonging among community members.
This information is meant to be a general summary of Salisbury Housing Trust. 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 2024.
- Investment Income: $110
- Program Service Revenue: $8,400
- Gross Receipts: $432,078
Assets and Liabilities:
- Total Assets: $476,462
- Total Liabilities: $0
- Net Assets: $476,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAND LEASE FEES
Revenue
$8,400
Organization Details
Founding Year
1992
Principal Officer
John Harney
NTEE Category
Code: L20 - Housing
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