Overview
What is Northwest Michigan Supportive Housing?
Northwest Michigan Supportive Housing is a nonprofit organization situated in Traverse City, Michigan. Their primary mission is to offer affordable, supportive housing for 149 individuals, including 78 mentally ill heads of households and their families within the community. They achieve this by utilizing state and federal funds for rental subsidies. Their main activity involves providing permanent housing solutions for the homeless and mentally ill within the community, ensuring a stable living environment for those in need. With a dedicated team of four employees, Northwest Michigan Supportive Housing is committed to making a positive impact on the lives of its residents.
Official website here: www.nmshousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Northwest Michigan Supportive Housing has received an 88% rating from Charity Navigator, indicating a strong performance in accountability and finance. This rating is derived entirely from a single beacon score that assesses various financial metrics, showcasing the organization’s commitment to transparency and responsible management of resources. The charity's financial practices are commendable, with a high program expense ratio of 80.36%, demonstrating that a significant portion of its funds is directed towards its mission-related activities.
The organization boasts a fully independent board, with all eight members meeting the independence criteria, which contributes positively to their governance structure. Financial oversight is robust, as evidenced by the full scores in areas related to financial statements and the absence of any material diversion of assets. This strong framework is crucial for building donor trust and ensuring that funds are used effectively to support its initiatives.
However, it is important to note that the charity is lacking a whistleblower policy, which could be a concern for potential donors who prioritize comprehensive governance practices. Despite this limitation, the overall strong rating reflects a solid organizational foundation and a commitment to serving its community effectively while maintaining transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Michigan Supportive Housing legitimate?
Northwest Michigan Supportive Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Michigan Supportive Housing 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: $67,253
Professional Fundraising Fees: $0
Other Salaries and Wages: $226,712
For more financial information, click here
Official website here: www.nmshousing.org
What is the mission statement of Northwest Michigan Supportive Housing?
Northwest Michigan Supportive Housing is committed to providing permanent supportive housing for individuals who are homeless and suffering from mental illness within their community. Their mission is to offer affordable, rental housing with necessary subsidies, enabling 149 individuals, including 78 mentally ill heads of households and their immediate families, to secure a stable living situation. The organization aims to enhance their residents' quality of life and promote their integration into the community.
Official website here: www.nmshousing.org
What is the revenue of Northwest Michigan Supportive Housing?
Northwest Michigan Supportive Housing's revenue in 2024 was $1,157,902.
Official website here: www.nmshousing.org
Who are the executives of Northwest Michigan Supportive Housing and what are their salaries?
The average compensation at Northwest Michigan Supportive Housing during 2024 was $41,995. There are 7 employees and 11 volunteers at Northwest Michigan Supportive Housing.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $67,253
- Related: $0
- Other: $2,098
Official website here: www.nmshousing.org
Where can I find the form 990 for Northwest Michigan Supportive Housing?
Northwest Michigan Supportive Housing's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nmshousing.org
Learn more at the official website: www.nmshousing.org
Mission Statement of Northwest Michigan Supportive Housing
Northwest Michigan Supportive Housing, as its name suggests, is committed to providing a valuable service within the community. Their mission is centered around offering permanent supportive housing for individuals who are homeless and battling mental illness. By utilizing state and federal funds for rental subsidies, this organization has successfully provided affordable housing for 149 individuals, including 78 mentally ill heads-of-household and their immediate families. This initiative strives to create a stable living environment for those in need, thereby contributing positively to their overall well-being.
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Impact
July, 2024
Northwest Michigan Supportive Housing has provided affordable supportive rental housing for 149 individuals, including 78 mentally ill heads-of-household and their immediate families in Traverse City, MI. Through state and federal funds for rental subsidies, this organization has made a significant impact in addressing the needs of the homeless and mentally ill population within the community. Their mission to provide permanent supportive housing aligns with their dedication to improving the lives of those in need, emphasizing the importance of human services in creating a positive impact on individuals and families facing homelessness and mental health challenges.
This information is meant to be a general summary of Northwest Michigan Supportive Housing. 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: $203
- Program Service Revenue: $288,921
- Gross Receipts: $1,160,951
Assets and Liabilities:
- Total Assets: $1,205,953
- Total Liabilities: $99,634
- Net Assets: $1,106,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT SUPPORT/INCOME
Revenue
$86,353
HUD RENTAL
Revenue
$85,724
HOUSING SERVICES
Revenue
$40,800
OPERATIONS REIMBURSEME
Revenue
$29,315
MANAGEMENT FEE
Revenue
$19,075
Organization Details
Founding Year
1987
Principal Officer
Rebecca Binder
Website
www.nmshousing.orgNTEE Category
Code: P700 - Human services
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