Housing Navigator Massachusetts Inc
Nonprofit profile at a glance
- EIN
- 843542325
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-N 2020
- Location
- Cambridge, MA, USA
- Phone
- 6177773257
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Search Assistance
Reported finances
- Revenue
- $1,670,598
- Expenses
- $1,404,045
- Assets
- $2,291,714
- Liabilities
- $33,142
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- JENNIFER GILBERT (EXECUTIVE DIRECTOR)
Highest reported compensation
- JENNIFER GILBERT (EXECUTIVE DIRECTOR): $175,998 total reported compensation
- APRIL OGNIBENE (COO): $128,544 total reported compensation
- GRACE MITCHELL (PROJECT MANAGER): $124,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Housing navigator Massachusetts, inc. Has a mission to connect people with places to call home. The organization develops technology that promotes housing equity and data that brings transparency to the affordable housing market.
What it reported doing in 2024
Hnmi created and maintained an affordable housing search tool with over 400,000 users in 2024 and released statewide data on affordable housing.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.9%; rating input score 62
- Program expense ratio: 72.9%; rating input score 73
- Fundraising efficiency: $24.75 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.63; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 30.6%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 28.2% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 48.8% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 61.9% of revenue deployed · 72.9% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1M in reported program spending
- Leadership: top reported pay $176K · 16 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $175K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.