Regional Housing Network of Massachusetts Inc

Nonprofit profile at a glance

EIN
043190773
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Boston, MA, USA
Phone
7816085692
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing, Shelter N.E.C.

Official website

Reported finances

Revenue
$388,693
Expenses
$386,653
Assets
$305,214
Liabilities
$40,484

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • ROBERT CORLEY (PRESIDENT)
  • KEITH FAIREY (VICE PRESIDENT)

People named in this filing

  • CARL HOWELL (DIRECTOR)
  • AMY STITELY (DIRECTOR)
  • ROBERT CORLEY (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 82
  • Accountability: 76
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.8%; rating input score 88
  • Program expense ratio: 88.2%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.5%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 8.7% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 7.1% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 87.8% of revenue deployed · 88.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $341K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Highest-paid contractors: 1 contractor listed · $215K reported
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.