Overview
What is Methow Housing Trust?
Methow Housing Trust is a nonprofit organization situated in Winthrop, Washington, specifically at 31 West Chewuch Road Suite 102. Their primary mission is to address the rising cost of housing in the Methow Valley, which often exceeds the income of local residents. To achieve this, they develop and manage affordable home ownership opportunities. Their initiatives include providing subsidized housing, offering home ownership education, and engaging in community planning through their programs. Essentially, Methow Housing Trust works tirelessly to ensure the preservation and creation of affordable, high-quality housing for the Methow Valley's residents. With a team of five dedicated individuals, the trust plays a vital role in maintaining a balanced housing landscape in the community.
Official website here: www.methowhousingtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Methow Housing Trust has received an 81% overall score from Charity Navigator, indicating a solid performance in terms of accountability and finance. This rating is derived solely from a single beacon score, emphasizing the organization's commitment to financial transparency and responsible management of resources.
The nonprofit showcases impressive governance practices, with a fully independent board comprising ten members, and it has no material diversion of assets. Key policies are in place, such as conflict of interest and whistleblower policies, which contribute to the trustworthiness and integrity of the organization.
While the organization maintains a healthy program expense ratio of 81.36%, indicating that a significant portion of its funds is directed towards its mission-related activities, the overall rating highlights the importance of continued transparency and accountability to foster donor confidence and community support.
This AI summary has been generated from information found on Charity Navigator.
Is Methow Housing Trust legitimate?
Methow Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methow Housing Trust 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: $87,235
Professional Fundraising Fees: $0
Other Salaries and Wages: $214,982
For more financial information, click here
Official website here: www.methowhousingtrust.org
What is the mission statement of Methow Housing Trust?
The Methow Housing Trust's mission is to develop and preserve affordable, high-quality housing solutions for residents in various communities. To bridge the gap between the rising cost of homes and the modest wages of many local residents, the organization offers affordable homeownership opportunities through its programs. These initiatives encompass subsidized housing, homeownership education, and community planning, ultimately aiming to improve the living conditions of those in need.
Official website here: www.methowhousingtrust.org
Who is the CEO of Methow Housing Trust?
Simon Windell is the President of Methow Housing Trust.
Official website here: www.methowhousingtrust.org
What is the revenue of Methow Housing Trust?
Methow Housing Trust's revenue in 2022 was $1,707,052.
Official website here: www.methowhousingtrust.org
Who are the executives of Methow Housing Trust and what are their salaries?
The average compensation at Methow Housing Trust during 2022 was $60,443. There are 5 employees and 5 volunteers at Methow Housing Trust.
Here are 11 key members and their salaries:
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- Compensation: $87,235
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Official website here: www.methowhousingtrust.org
Where can I find the form 990 for Methow Housing Trust?
Methow Housing Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.methowhousingtrust.org
Learn more at the official website: www.methowhousingtrust.org
Mission Statement of Methow Housing Trust
Methow Housing Trust, a dedicated nonprofit organization, is committed to addressing the housing affordability issue within its community. Its mission is to create and maintain affordable, high-quality housing options for residents living in the Methow Valley. To achieve this goal, the trust operates a homeownership program aimed at bridging the gap between the escalating cost of housing and the modest income of many local residents. Through its initiatives, Methow Housing Trust provides subsidized housing opportunities, delivers homeownership education, and engages in community planning. This multifaceted approach seeks to ensure that individuals and families in the Methow Valley have access to housing that is both affordable and meets their needs.
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Impact
July, 2024
Methow Housing Trust's impact is evident in its efforts to develop and preserve affordable, quality housing for residents of the Methow Valley. The organization works towards bridging the gap between the rising cost of homes in the valley and the modest wages many local residents earn. Through its home-ownership program, Methow Housing Trust provides subsidized housing, home-ownership education, and community planning to support affordable housing opportunities. The organization's dedication to addressing housing affordability issues in the community makes a meaningful impact on the lives of Methow Valley residents.
This information is meant to be a general summary of Methow Housing Trust. 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: $10,376
- Program Service Revenue: $27,613
- Gross Receipts: $3,250,701
Assets and Liabilities:
- Total Assets: $12,352,835
- Total Liabilities: $270,005
- Net Assets: $12,082,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME OWNERSHIP FEES
Revenue
$27,613
Organization Details
Founding Year
2017
Phone
(509) 996-5943Principal Officer
Simon Windell
Main Address
31 WEST CHEWUCH ROAD SUITE 102, WINTHROP, WA, 98862
Website
www.methowhousingtrust.orgNTEE Category
Code: L20 - Housing
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