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Huntington Housing Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521879282 ✦ North bethesda, MD ✦ Designated as a 501(c)(3)

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Overview

What is Huntington Housing Inc?

Huntington Housing Inc is a nonprofit organization situated in North Bethesda, Maryland, with an address at 11810 Grand Park Avenue 600. Their primary mission is to provide affordable housing opportunities for low-income individuals and their families. By operating an affordable housing community, Huntington Housing Inc aims to contribute positively to the living conditions of those in need, promoting a sense of stability and security.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Huntington Housing Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. The overall score of 72% reflects a reasonable level of accountability and financial management, but several key factors, particularly related to transparency and financial health, have contributed to this rating.

The organization shows strengths in areas such as having a fully independent board and high program expense ratios, which suggest that most of its funds are being directed towards its mission rather than administrative costs. It also maintains proper governance practices, including conflict of interest and whistleblower policies. However, the lack of a website listed on the tax form and missing financial documents on its site point to transparency issues that potential donors may find concerning.

Additionally, Huntington Housing Inc faces challenges with its liabilities to assets ratio, which stands at 167.01%, indicating a precarious financial position. This could raise concerns about the organization's long-term sustainability and ability to effectively manage its resources. Overall, while there are positive aspects to the organization, potential supporters should be aware of the highlighted limitations.


This AI summary has been generated from information found on Charity Navigator.

Is Huntington Housing Inc legitimate?

Huntington Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Huntington Housing 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: $66,988

For more financial information, click here

What is the mission statement of Huntington Housing Inc?

Huntington Housing Inc is committed to providing affordable housing for low-income individuals and their families. This mission is carried out through the operation of an affordable housing community, ensuring that these individuals have access to suitable living spaces. The organization's primary goal is to contribute to the well-being of these individuals by providing them with a stable and affordable living environment. The organization's activities are centered around the provision of affordable housing, aiming to make a positive impact on the lives of those in need.

Who is the CEO of Huntington Housing Inc?

Todd Travis is the Director of Huntington Housing Inc.

What is the revenue of Huntington Housing Inc?

Huntington Housing Inc's revenue in 2021 was $2,137,802.

Who are the executives of Huntington Housing Inc and what are their salaries?


Here are 3 key members and their salaries:


Benjamin Soto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Parreco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Travis (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Huntington Housing Inc?

Huntington Housing Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Huntington Housing Inc

Huntington Housing Inc, as a nonprofit organization, is committed to providing affordable housing solutions for low-income individuals and their families. Their primary mission is to operate an affordable housing community that caters to this specific demographic, ensuring they have a secure and comfortable living space. By offering affordable housing, Huntington Housing Inc aims to contribute positively to the well-being and stability of these individuals, thereby improving their overall quality of life.

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Impact




July, 2024

Huntington Housing Inc's impact lies in its mission to provide affordable housing to low-income individuals and their families in North Bethesda, MD. By operating an affordable housing community, this organization directly addresses the pressing issue of housing insecurity faced by many vulnerable populations. Through their efforts, they contribute to creating a more stable and supportive environment for those in need, helping to improve the quality of life for individuals and families facing economic challenges.




This information is meant to be a general summary of Huntington Housing 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.

Revenue
$2,137,802 (2021)
Expenses
$2,311,823 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $106
  • Program Service Revenue: $558,867
  • Gross Receipts: $2,137,802

Assets and Liabilities:

  • Total Assets: $7,451,355
  • Total Liabilities: $12,444,791
  • Net Assets: -$4,993,436

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$366,342

FLOW-THROUGH INCOME

Revenue

$179,313

OTHER INCOME

Revenue

$13,212

Organization Details

Founding Year

1994

Principal Officer

Todd Travis

Main Address

11810 GRAND PARK AVENUE 600, NORTH BETHESDA, MD, 20852

NTEE Category

Code: L80 - Housing

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