Overview
What is Stansbury Homes Inc?
Stansbury Homes Inc, established in 1993 in Timonium, Maryland, is a nonprofit organization committed to providing affordable housing for individuals struggling with chronic mental illness. Financed by the U.S. Department of Housing and Urban Development (HUD) under Section 811 of the National Affordable Housing Act, the organization constructed and manages 15 housing units specifically tailored for this demographic. HUD regulates these projects in terms of rental charges and operating methods, ensuring that the residents receive suitable housing services. In essence, Stansbury Homes Inc plays a significant role in providing a supportive living environment for individuals affected by mental illness, adhering to the guidelines set forth under Section 811 of the National Affordable Housing Act.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Stars)
Stansbury Homes Inc has received a Two-Star rating from Charity Navigator, reflecting a 70% overall score primarily based on its Accountability & Finance metrics. The organization demonstrates strong governance with a majority of independent board members and no material diversion of assets. The fiscal health appears solid, with only a 4.68% liabilities to assets ratio and a high program expense ratio of 85.91%, indicating that a significant portion of its resources is directed towards its mission.
However, there are some areas for improvement, particularly concerning transparency and policy documentation. The charity has missing disclosures related to its website listings on tax forms and lacks essential policies such as conflict of interest and whistleblower protections. These gaps could impact stakeholder confidence and the organization’s overall accountability.
While Stansbury Homes Inc shows commendable financial metrics and governance, the lack of transparency and missing policies may raise concerns among potential donors and supporters. Enhancing these areas could help improve its rating and foster greater trust with the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Stansbury Homes Inc legitimate?
Stansbury Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stansbury Homes 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: $0
For more financial information, click here
What is the mission statement of Stansbury Homes Inc?
Stansbury Homes Inc, established in 1993, is committed to providing affordable housing for individuals who are chronically mentally disabled. This mission aligns with Section 811 of the National Affordable Housing Act. Their primary goal is to offer housing solutions that cater to this specific group, ensuring compliance with the regulatory guidelines set by the U.S. Department of Housing and Urban Development (HUD) in terms of rental rates and operational methods. The organization, which consists of 15 units, is dedicated to improving the living conditions and providing a supportive environment for those in need.
Who is the CEO of Stansbury Homes Inc?
Sarah Norman is the President of Stansbury Homes Inc.
What is the revenue of Stansbury Homes Inc?
Stansbury Homes Inc's revenue in 2022 was $162,903.
Who are the executives of Stansbury Homes Inc and what are their salaries?
There 6 volunteers at Stansbury Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,368
- Other: $20,272
- Compensation: $0
- Related: $451,063
- Other: $25,768
- 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 Stansbury Homes Inc?
Stansbury Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stansbury Homes Inc
Stansbury Homes Inc, established in 1993, is a nonprofit organization with a mission to provide affordable housing for individuals struggling with chronic mental disabilities. Aligned with Section 811 of the National Affordable Housing Act, this organization strives to offer accommodations and facilities that cater to the needs of individuals suffering from mental illness. Financed by the U.S. Department of Housing and Urban Development (HUD), Stansbury Homes Inc operates with a project consisting of 15 units. These projects are subject to HUD regulations, ensuring that rental charges and operational methods are in compliance with the Act's guidelines. By providing housing, Stansbury Homes Inc aims to contribute to the overall well-being of these individuals, offering them a safe and supportive environment to live in.
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Impact
October, 2024
Stansbury Homes Inc. significantly impacts the community by providing affordable housing specifically designed for individuals with chronic mental disabilities. Established in August 1993, the organization focuses on acquiring and constructing housing facilities that cater to persons suffering from mental illness. Through its efforts, Stansbury Homes Inc. offers 15 dedicated housing units, creating a supportive environment where residents can find stability and a sense of belonging.
By operating under the guidelines of the U.S. Department of Housing and Urban Development's Section 811 of the National Affordable Housing Act, Stansbury Homes Inc. ensures that its projects adhere to regulatory standards regarding rent and operating methods. This not only enhances the quality of life for its residents but also fosters a more inclusive community. The organization's mission emphasizes the importance of accessible housing options, which can lead to improved mental health outcomes and greater independence for individuals facing mental health challenges. Overall, Stansbury Homes Inc. plays a crucial role in addressing the housing needs of a vulnerable population, making a lasting positive impact in Timonium, MD, and beyond.
This information is meant to be a general summary of Stansbury Homes 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: $3
- Program Service Revenue: $19,994
- Gross Receipts: $162,903
Assets and Liabilities:
- Total Assets: $532,926
- Total Liabilities: $37,388
- Net Assets: $495,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$19,994
Organization Details
Founding Year
1993
Phone
(410) 747-4492Principal Officer
Sarah Norman
Main Address
1925 GREENSPRING DRIVE, TIMONIUM, MD, 21093
NTEE Category
Code: L99 - Housing
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