Regional Housing Network Of Massachusetts Inc
- Assets
- $302.3k
- Revenue
- $388.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1994
- Data as of
- 06/2024
- EIN
- 04-3190773
Organization Overview
Regional Housing Network Of Massachusetts Inc is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Housing Network Of Massachusetts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Regional Housing Network Of Massachusetts Inc generated $388.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $376.1k during the year ending 06/2024. While expenses have increased by 0.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
REGIONAL HOUSING NETWORK OF MASSACHUSETTS INC. WAS INCORPORATED TO STRENGTHEN THE ABILITY OF MEMBER AGENCIES TO SUPPORT, DEVELOP, AND ADMINISTER HOUSING AND RELATED PROGRAMS THROUGHOUT MASSACHUSETTS FOR LOW AND MODERATE INCOME PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING SUPPORT, DEVELOPMENT AND ADMINISTRATIONFOR OVER THIRTY YEARS NOW, THE MEMBER AGENCIES OF THE REGIONAL HOUSING NETWORK OF MASSACHUSETTS, INC. (FORMERLY THE MASSACHUSETTS NONPROFIT HOUSING ASSOCIATION), NINE REGIONALLY BASED NON-PROFIT HOUSING AGENCIES HAVE CHAMPIONED THE VALUE OF WORKING ON A REGIONAL LEVEL TO ADDRESS THE NEEDS OF THEIR CONSTITUENTS. SO, FROM THE BERKSHIRES TO CAPE COD, WE HAVE CONSISTENTLY IDENTIFIED REGIONAL ISSUES, AND WORKED COLLABORATIVELY WITH ONE ANOTHER AS WELL AS LOCAL GOVERNMENT OFFICIALS, LOCAL HOUSING AUTHORITIES, AND OTHER AGENCIES WORKING ON HOUSING CONCERNS TO FIND REGIONAL SOLUTIONS TO THOSE ISSUES.THIS APPROACH HAS ALLOWED OUR MEMBERS TO COVER THE COMMONWEALTH AND BE AVAILABLE TO ALL 351 CITIES AND TOWNS FOR ASSISTANCE WITH HOUSING DEVELOPMENT, MANAGEMENT, AND POLICY SETTING. ALL OF THIS IS IN ADDITION TO OUR CORE WORK OF IMPLEMENTING AND MANAGING INNOVATIVE AND TRADITIONAL HOUSING PROGRAMS DESIGNED TO ASSIST PEOPLE OF ALL INCOME LEVELS.WE ARE THE LARGEST CONTRACTOR OF RENTAL ASSISTANCE IN THE COMMONWEALTH; OUR MEMBER AGENCIES MANAGE OVER 19,000 HOUSING CHOICE VOUCHERS WHICH ALLOW LOW INCOME FAMILIES AND INDIVIDUALS TO LIVE IN DECENT, SAFE, AND SANITARY HOUSING WHICH THEY CAN AFFORD.THE NETWORK SUPPORTS THE MEMBER AGENCIES IN A MANNER THAT ALLOWS THEM TO ACHIEVE THEIR COLLECTIVE GOALS OF DEVELOPING AND PRESERVING AFFORDABLE HOUSING AND ADMINISTERING HOUSING AND RELATED PROGRAMS THAT BENEFIT LOW AND MODERATE INCOME PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Frederick Director | Trustee | 2 | $0 |
Chris Norris Director | Trustee | 2 | $0 |
Robert Corley Co-President | Trustee | 5 | $0 |
Brad Gordon Director | Trustee | 2 | $0 |
Eileen Peltier Treasurer | Trustee | 5 | $0 |
Alisa Magnotta Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Teamwork Payroll And Benefits | 6/29/19 | $200,071 |
Mri Software Software | 6/29/19 | $350,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $388,693 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $184,464 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,336 |
| Fees for services: Lobbying | $28,565 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,905 |
| Advertising and promotion | $0 |
| Office expenses | $9,616 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,432 |
| Insurance | $0 |
| All other expenses | $5,232 |
| Total functional expenses | $376,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,118 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,319 |
| Total assets | $302,296 |
| Accounts payable and accrued expenses | $15,632 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,647 |
| Total liabilities | $50,279 |
| Net assets without donor restrictions | $252,017 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $302,296 |