Overview
What is Rocky Coast Housing Inc?
Rocky Coast Housing Inc is a nonprofit organization based in Portland, Maine, specifically at One City Center, 4th Floor, ZIP code 04101. Their primary mission is dedicated to providing low-income housing for qualified individuals. Through their operations, they aim to offer a safe and affordable living space for those who meet the necessary criteria, contributing positively to the community by offering a place to call home for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Rocky Coast Housing Inc has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The organization received a perfect score in several key areas, including having an entirely independent board of directors and demonstrating no material diversion of assets. This high level of governance suggests a commitment to transparency and ethical management practices.
The organization also shows strength in its financial metrics, with a favorable liabilities to assets ratio and a program expense ratio of 100%. This indicates that all of their expenses are directed towards their programs, which is a positive sign for stakeholders concerned about the impact of their contributions. The presence of documented board meeting minutes further reflects their commitment to accountability.
However, while the overall score is strong, it is derived entirely from the Accountability & Finance beacon, which may limit insight into other operational aspects such as program outcomes or community impact. Potential donors could benefit from seeking additional information about the effectiveness of Rocky Coast Housing Inc's programs to fully assess the organization's comprehensive impact.
This AI summary has been generated from information found on Charity Navigator.
Is Rocky Coast Housing Inc legitimate?
Rocky Coast Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocky Coast 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: $0
For more financial information, click here
What is the mission statement of Rocky Coast Housing Inc?
Rocky Coast Housing Inc's mission is focused on providing low-income housing for qualified individuals. The organization strives to ensure that those in need have a place to call home. Operating a low-income housing complex, Rocky Coast Housing Inc dedicates its efforts to making a significant impact in the lives of those who are less fortunate. By offering housing solutions, the organization aims to contribute to a more equitable society where everyone has the opportunity to thrive.
Who is the CEO of Rocky Coast Housing Inc?
Chris Harmon is the Director of Rocky Coast Housing Inc.
What is the revenue of Rocky Coast Housing Inc?
Rocky Coast Housing Inc's revenue in 2023 was $73,100.
Who are the executives of Rocky Coast Housing Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Rocky Coast Housing Inc?
Rocky Coast Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rocky Coast Housing Inc
Rocky Coast Housing Inc, a non-profit organization, is dedicated to providing low-income housing for qualified individuals. Its mission is centered around the provision of affordable living spaces to those who meet the necessary criteria. The organization operates a complex, designed specifically for low-income residents, offering them a secure and comfortable place to call home. By doing so, Rocky Coast Housing Inc aims to make a significant difference in the lives of those who might otherwise struggle to find suitable housing.
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Impact
June, 2024
Rocky Coast Housing Inc's impact can be seen in the provision of low-income housing for qualified individuals in Portland, ME. By operating a low-income housing complex, the organization addresses the critical need for affordable housing in the community. This in turn helps improve the quality of life for individuals facing financial challenges by providing them with a stable and secure living environment. Additionally, the organization's focus on mental health, as indicated by their mission tag, suggests a recognition of the importance of holistic support for their residents. Through their efforts, Rocky Coast Housing Inc contributes to creating a more inclusive and supportive community for individuals in need.
This information is meant to be a general summary of Rocky Coast 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $880
- Program Service Revenue: $33,803
- Gross Receipts: $73,100
Assets and Liabilities:
- Total Assets: $819,136
- Total Liabilities: $220,575
- Net Assets: $598,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$21,013
COMMERCIAL RENT
Revenue
$12,682
MISCELLANEOUS
Revenue
$108
Organization Details
Founding Year
2004
Phone
(207) 879-0347Principal Officer
Chris Harmon
Main Address
ONE CITY CENTER 4TH FLOOR, PORTLAND, ME, 04101
NTEE Category
Code: F33 - Mental health
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