Overview
What is Housing Associates Inc?
Housing Associates Inc is a nonprofit organization situated in Baltimore, Maryland, dedicated to offering affordable housing solutions to the city's low-income residents. With a mission to make housing accessible, they have successfully provided 15 units of affordable housing within the city limits. As a local provider, Housing Associates Inc plays a crucial role in enhancing living conditions and fostering a sense of community among its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Housing Associates Inc demonstrates a solid performance with an overall score of 84%, highlighting its commitment to accountability and finance. The organization maintains a majority independent board with a strong conflict of interest and whistleblower policies in place, ensuring good governance practices. Their liabilities to assets ratio is commendable at 16.01%, indicating financial stability.
The program expense ratio stands at an impressive 82.05%, reflecting the organization's effective allocation of resources towards its mission. This suggests that a significant portion of its funding is directed to programs rather than administrative costs. However, while the organization excels in these areas, the three-star rating suggests there might still be room for improvement in certain operational aspects.
Overall, Housing Associates Inc has established a robust framework that supports its mission, backed by sound financial practices and transparency. The high scores in various governance metrics reinforce the trustworthiness of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Associates Inc legitimate?
Housing Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Associates Inc 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: $6,853
For more financial information, click here
What is the mission statement of Housing Associates Inc?
Housing Associates Inc is committed to providing affordable housing solutions for low-income individuals. Their mission is to make housing accessible for those with limited financial means. By offering 15 units of affordable housing, Housing Associates Inc has demonstrated its dedication to this cause. The organization is located in Baltimore, MD, but its mission extends beyond the specific location, aiming to make a positive impact on individuals in need of affordable housing.
Who is the CEO of Housing Associates Inc?
Nico Sanders is the President of Housing Associates Inc.
What is the revenue of Housing Associates Inc?
Housing Associates Inc's revenue in 2022 was $121,438.
Who are the executives of Housing Associates Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $217,909
- Other: $30,400
- Compensation: $0
- Related: $40,385
- Other: $1,165
- Compensation: $0
- Related: $59,308
- Other: $11,519
- Compensation: $0
- Related: $53,968
- Other: $10,119
Where can I find the form 990 for Housing Associates Inc?
Housing Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Associates Inc
Housing Associates, a nonprofit organization, is dedicated to providing affordable housing solutions for low-income residents. Their mission is to make housing accessible for individuals who might otherwise struggle to secure a decent place to live. By offering 15 units of affordable housing, Housing Associates contributes to the well-being of their community, ensuring that everyone has a roof over their heads. The organization's work is instrumental in supporting those in need, enabling them to focus on other aspects of their lives with a sense of stability and security.
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Impact
October, 2024
Housing Associates Inc plays a vital role in enhancing the quality of life for low-income residents in Baltimore City by providing access to affordable housing. By offering 15 units of affordable rental opportunities, the organization addresses the critical need for safe and stable housing in an area where many may struggle to find suitable accommodations. This impact extends beyond just providing shelter; it fosters community stability, supports economic growth, and contributes to the overall well-being of families who may otherwise face housing insecurity. Through its efforts, Housing Associates Inc not only meets immediate housing needs but also promotes a more equitable living environment in Baltimore.
This information is meant to be a general summary of Housing Associates Inc. 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: $5
- Program Service Revenue: $121,433
- Gross Receipts: $121,438
Assets and Liabilities:
- Total Assets: $271,620
- Total Liabilities: $21,271
- Net Assets: $250,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$51,248
TENANT ASSISTANCE
Revenue
$83,632
VACANCIES
Revenue
-$13,447
Organization Details
Founding Year
1994
Phone
(410) 545-4429Principal Officer
Nico Sanders
Main Address
2918-B GLENMORE AVENUE, BALTIMORE, MD, 21214
NTEE Category
Code: L99 - Housing
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