Overview
What is Harbor Lights Housing?
Harbor Lights Housing is a nonprofit organization situated in Portland, Maine, specifically at ONE CITY CENTER 4TH FLOOR. Its primary mission is to offer housing solutions to low-income and disabled individuals. The corporation manages a 5-unit housing complex to cater to these specific groups, providing them with a secure living space. The mission of Harbor Lights Housing is deeply rooted in the belief that everyone deserves a safe and comfortable place to call home, regardless of their financial situation or disability.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Harbor Lights Housing has received a solid 80% rating from Charity Navigator, indicating a commendable level of accountability and financial health. The rating reflects a comprehensive approach to governance, with an entirely independent board comprising 14 members, which is a strong indicator of the organization's commitment to ethical leadership and transparency.
The charity excels in its financial management, showcasing a perfect score in program expense ratio, meaning that all of its expenditures are directed towards its mission. This highlights the efficient use of resources and a dedication to fulfilling its objectives without diversion of funds. Moreover, the organization has no reported liabilities, further reinforcing its financial stability.
While the organization demonstrates strong governance practices, the rating is solely based on accountability and finance, which may suggest a limited evaluation of other operational aspects such as program effectiveness or community impact. Nonetheless, Harbor Lights Housing's strong financial practices and independent oversight are significant strengths worthy of recognition.
This AI summary has been generated from information found on Charity Navigator.
Is Harbor Lights Housing legitimate?
Harbor Lights Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harbor Lights 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.
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What is the mission statement of Harbor Lights Housing?
Harbor Lights Housing is committed to providing housing for individuals who are financially disadvantaged and disabled. The organization's mission is centered around this goal, striving to offer a 5-unit housing complex to those in need. By doing so, Harbor Lights Housing aims to contribute to a more inclusive and supportive community, ensuring that everyone has access to a suitable living space, regardless of their financial situation or disability status. The corporation's activities primarily revolve around renting out these units, thereby providing a safe and stable home environment for the eligible individuals.
Who is the CEO of Harbor Lights Housing?
Chris Harmon is the President of Harbor Lights Housing.
What is the revenue of Harbor Lights Housing?
Harbor Lights Housing's revenue in 2023 was $56,275.
Who are the executives of Harbor Lights Housing and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Harbor Lights Housing?
Harbor Lights Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Harbor Lights Housing
Harbor Lights Housing, as a nonprofit organization, is dedicated to providing housing opportunities for low-income, disabled individuals. Their mission is crystal clear: to offer a suitable living space for individuals who may face financial and physical challenges. To accomplish this, Harbor Lights Housing manages a 5-unit housing complex, which they rent out specifically for this purpose. By providing such housing, they aim to contribute positively to the lives of these individuals, enabling them to live with dignity and independence.
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Impact
August, 2024
Harbor Lights Housing provides crucial housing support to low-income, disabled individuals in Portland, Maine. By renting out a 5-unit housing complex to this specific demographic, the organization directly addresses the pressing need for affordable and accessible housing for individuals facing economic and physical challenges. Through its focused mission, Harbor Lights Housing significantly impacts the lives of those it serves by providing them with a stable and supportive living environment that they may not have access to otherwise.
This information is meant to be a general summary of Harbor Lights 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 2023.
- Investment Income: $360
- Program Service Revenue: $18,694
- Gross Receipts: $56,275
Assets and Liabilities:
- Total Assets: $419,918
- Total Liabilities: $112,537
- Net Assets: $307,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$18,279
LAUNDRY, VENDING AND O
Revenue
$415
Organization Details
Founding Year
2003
Phone
(207) 879-0347Principal Officer
Chris Harmon
Main Address
ONE CITY CENTER 4TH FLOOR, PORTLAND, ME, 04101
NTEE Category
Code: L99 - Housing
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