Is a Housing Association classed as a public landlord?

[nwgs]

NWGS thinks a general discussion poll is"evidence"

the stench of his desperation is overwhelming

And Google and MB.

You’ve been destroyed Notchy lad.

A housing association isn’t a private landlord now is it ? And they don’t make a profit, so there’s that too……

 

[denso13]

A housing association isn’t a private landlord now is it ?

Sometimes, yes.

 

[nwgs]

Sometimes, yes.

Housing associations don’t make a profit ?

 

[denso13]

Housing associations don’t make a profit ?

Of course they can and most do.

 

[gas112]

Of course they can and most do.

Housing Associations (HAs) are independent, non-profit making organisations which provide homes for people in housing need. They are also known as Private Registered Providers (PRPs)

 

[nwgs]

Of course they can and most do.

As above

 

[gas112]

What we do

www.housing.org.uk

Housing associations are not-for-profit organisations set up to provide affordable homes and support local communities.

 

[denso13]

Housing associations are not-for-profit organisations set up to provide affordable homes and support local communities.

Yes. They don't make profits for shareholders they reinvest them, but they make profits. Do you think they make a loss?

"They don’t make profits for shareholders. Instead, they invest all the income they make into delivering on their social purpose.

This includes building new affordable homes for people who need them, investing in the safety and quality of existing homes, running community services, and providing care and support for older people and those who need it.

For every £1 of government investment, housing associations invest £6 of their own money into the development of new affordable homes."

 

[gas112]

Yes. They don't make profits for shareholders they reinvest them, but they make profits. Do you think they make a loss?

"They don’t make profits for shareholders. Instead, they invest all the income they make into delivering on their social purpose.

This includes building new affordable homes for people who need them, investing in the safety and quality of existing homes, running community services, and providing care and support for older people and those who need it.

For every £1 of government investment, housing associations invest £6 of their own money into the development of new affordable homes."

So simply they spend all their money and make no profit .

 

[nwgs]

So simply they spend all their money and make no profit .

Just like a non profit organisation?

I wonder where all the money goes then. It can’t be wasted can it

 

[denso13]

So simply they spend all their money and make no profit .

No, they make a profit one year and reinvest it over time.

 

[gas112]

No, they make a profit one year and reinvest it over time.

i guess you must be right then and the hundreds of housing organisation registered as NONE PROFIT making have got it wrong
Have you thought that they needed money to start with and the profit you speak of is actually paying off existing debt and not being carried forward

 

[denso13]

i guess you must be right then and the hundreds of housing organisation registered as NONE PROFIT making have got it wrong

Non profit means no profits for shareholders. Your link says that.

Here's one, the surplus (profit) is made and the reinvested.

"The results for the year are shown in the Statement of Comprehensive Income. In the year to 31 March 2023 the Association made an operating surplus of £2,233,775, an overall surplus of £1,726,722 and had total comprehensive income of £1,524,722 due to actuarial losses on the defined benefit pension schemes of £202,000.

https://www.maryhill.org.uk/getattachment/2e3f66b8-b184-40b2-ba6a-4a1fb74e5621/Maryhill-HA-2023-financial-statements-final-signed-(AAS).pdf.aspx?lang=en-GB

 

[denso13]

the profit you speak of is actually paying off existing debt and not being carried forward

Who knows in every case, but even in that scenario, a profit is made first which services debt. It is still spending profits.

 

[carmanmemoranda]

NWGS thinks a general discussion poll is"evidence"

the stench of his desperation is overwhelming

It is evidence.

But not of what he thinks