Overview
What is Millsboro Housing For Progressinc?
Millsboro Housing for Progressinc is a nonprofit organization that plays a significant role in addressing housing needs within its community. It is renowned for managing and sponsoring a collection of multi-family housing structures, funded under the National Housing Act of 1934. This organization's primary mission is to offer affordable housing solutions to families with low or moderate incomes, providing them with 118 units to reside in. By doing so, Millsboro Housing for Progressinc contributes to enriching the living conditions of numerous families in need, thereby promoting social equity and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Millsboro Housing For Progress Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score based on its Accountability & Finance components. The organization has demonstrated strong financial practices, evidenced by its high scores in key categories such as the independent board composition and the absence of material diversion of assets.
The organization excels in maintaining a completely independent board, with 100% of its members being independent. This governance structure, along with a robust audit and oversight committee, contributes positively to its accountability score. Additionally, Millsboro Housing For Progress has allocated a significant portion of its budget to program expenses, which indicates a commitment to its mission and effective service delivery.
While the organization has shown commendable financial integrity, specific programmatic outcomes and impact data are not detailed in the rating, leaving some questions about the effectiveness of its programs. Overall, the organization appears to be well-managed financially, making it a trustworthy option for potential donors looking to support housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Millsboro Housing For Progressinc legitimate?
Millsboro Housing For Progressinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millsboro Housing For Progressinc 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: $65,467
For more financial information, click here
What is the mission statement of Millsboro Housing For Progressinc?
Millsboro Housing for Progress, an organization dedicated to providing housing solutions, operates under the mission of offering low-income housing to families with modest income levels. They accomplish this mission by sponsoring and owning federally subsidized multi-family housing projects, as stipulated by the Housing Act of 1934. The organization provides 118 units, thereby contributing to the housing needs of this specific demographic.
Who is the CEO of Millsboro Housing For Progressinc?
William B Duffy Jr is the President of Millsboro Housing For Progressinc.
What is the revenue of Millsboro Housing For Progressinc?
Millsboro Housing For Progressinc's revenue in 2022 was $946,026.
Who are the executives of Millsboro Housing For Progressinc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Millsboro Housing For Progressinc?
Millsboro Housing For Progressinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Millsboro Housing For Progressinc
Millsboro Housing for Progress, as a nonprofit organization, is dedicated to providing low-income housing solutions. It achieves this mission by owning and sponsoring multiple family housing projects, which are subsidized under the National Housing Act of 1934. This commitment allows the organization to offer 118 housing units to families with modest or low incomes. By doing so, Millsboro Housing for Progress contributes significantly to addressing the housing needs of those who might otherwise struggle to afford suitable living accommodations.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Millsboro Housing For Progressinc's impact is significant in providing low-income housing opportunities for families in Millsboro, Delaware. With 118 units available for low or moderate income families, this organization plays a crucial role in addressing the housing needs of those who may struggle to afford suitable accommodation. By owning and sponsoring federally subsidized multi-family housing projects, Millsboro Housing For Progressinc contributes to improving the quality of life for individuals and families in need of affordable housing options. Their mission of offering low-income housing underscores their commitment to supporting vulnerable populations and promoting community well-being.
This information is meant to be a general summary of Millsboro Housing For Progressinc. 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: $3,035
- Program Service Revenue: $626,991
- Gross Receipts: $946,026
Assets and Liabilities:
- Total Assets: $7,017,363
- Total Liabilities: $1,305,276
- Net Assets: $5,712,087
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSISTANCE PAYMENTS
Revenue
$459,170
APARTMENT RENTS
Revenue
$160,040
TENANT CHARGES
Revenue
$7,781
Organization Details
Founding Year
1977
Phone
(302) 934-6491Principal Officer
William B Duffy Jr
Main Address
P O BOX 177, MILLSBORO, DE, 19966
NTEE Category
Code: L21Z - Housing
If you are a representative of Millsboro Housing For Progressinc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.