Overview
What is Affordable Housing Institute Inc?
Affordable Housing Institute Inc, located at 10 High Street 501, Boston, MA 02110, is a nonprofit organization dedicated to promoting urban development, regeneration, and stabilization. They achieve this by assisting individuals in creating, enhancing, maintaining, and preserving affordable housing. To accomplish this mission, the institute collaborates with various agencies, incurring expenses for consulting services. With a workforce of six, this organization plays a significant role in ensuring affordable housing becomes a viable solution for many communities.
Official website here: www.affordablehousinginstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
The Affordable Housing Institute Inc has received an overall score of 84%, resulting in a Three-Star rating primarily based on a strong performance in Accountability & Finance. The organization excels with an independent board comprised entirely of independent members, showcasing a commitment to oversight and governance. Additionally, it has implemented comprehensive policies including those for conflict of interest and whistleblower protections, contributing positively to its accountability measures.
Financially, the institute demonstrates a high program expense ratio of 89.10%, indicating that a significant portion of its expenditures is directed towards its mission-related programs. However, its liabilities to assets ratio of 65.90% and a fundraising efficiency ratio of $0.022 suggest some areas for improvement in financial sustainability and fundraising efforts. The working capital ratio of 0.54 years also points to potential short-term financial challenges.
Overall, while the Affordable Housing Institute Inc shows robust accountability practices and a strong commitment to its programmatic mission, it may benefit from focusing on enhancing its fundraising strategies and improving its financial ratios to ensure long-term stability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Institute Inc legitimate?
Affordable Housing Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Institute 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: $303,170
For more financial information, click here
Official website here: www.affordablehousinginstitute.org
What is the mission statement of Affordable Housing Institute Inc?
Affordable Housing Institute Inc's mission is centered around assisting individuals in creating, improving, maintaining, and preserving affordable housing. This mission contributes to urban development, regeneration, and stabilization. The organization's activities aim to foster a better living environment and promote sustainable communities. In accomplishing this, the Institute incurs expenses by consulting with various agencies to create, improve, and sustain affordable housing solutions.
Official website here: www.affordablehousinginstitute.org
Who is the CEO of Affordable Housing Institute Inc?
David A Smith is the Director, Ceo of Affordable Housing Institute Inc. The CEO's salary of Affordable Housing Institute Inc is $0 and their total compensation is $0.
Official website here: www.affordablehousinginstitute.org
What is the revenue of Affordable Housing Institute Inc?
Affordable Housing Institute Inc's revenue in 2022 was $1,487,782.
Official website here: www.affordablehousinginstitute.org
Who are the executives of Affordable Housing Institute Inc and what are their salaries?
The average compensation at Affordable Housing Institute Inc during 2022 was $50,528. There are 6 employees and 8 volunteers at Affordable Housing Institute Inc.
Here are 9 key members and their salaries (Affordable Housing Institute Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $8,336
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- Other: $0
- Compensation: $129,466
- Related: $0
- Other: $10,963
Official website here: www.affordablehousinginstitute.org
Where can I find the form 990 for Affordable Housing Institute Inc?
Affordable Housing Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.affordablehousinginstitute.org
Learn more at the official website: www.affordablehousinginstitute.org
Mission Statement of Affordable Housing Institute Inc
The Affordable Housing Institute Inc is dedicated to assisting individuals in creating, improving, sustaining, and preserving affordable housing. This mission aims to foster urban development, regeneration, and stabilization. By working closely with various agencies, this organization plays a crucial role in ensuring affordable housing is accessible and sustainable. Their ultimate goal is to contribute to the betterment of communities by providing affordable housing solutions.
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Impact
July, 2024
Affordable Housing Institute Inc helps people around the world create, improve, sustain, and preserve affordable housing, leading to urban development, regeneration, and stabilization. Through their consulting services with various agencies, they work to address the critical need for affordable housing in communities. Their impact is significant in increasing access to safe and affordable housing for individuals and families, ultimately contributing to the overall well-being and stability of neighborhoods and cities globally.
This information is meant to be a general summary of Affordable Housing Institute 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: $1,739
- Program Service Revenue: $863,225
- Gross Receipts: $1,487,782
Assets and Liabilities:
- Total Assets: $1,071,157
- Total Liabilities: $740,653
- Net Assets: $330,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING SERVICES
Revenue
$863,225
Organization Details
Founding Year
2002
Phone
(617) 502-5980Principal Officer
David A Smith
Main Address
10 HIGH STREET 501, BOSTON, MA, 02110
NTEE Category
Code: Q20 - International
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