Overview
What is Calloway Street One Inc?
Calloway Street One Inc., established in December 2001 in Salisbury, Maryland, is a nonprofit organization primarily focused on providing affordable housing for the elderly. Operating under Section 202 of the National Affordable Housing Act, the organization manages a 10-unit apartment community named Calloway Street One, situated in Wicomico County, Maryland. Adhering to the provisions of this act, any rent increases require prior approval from the U.S. Department of Housing and Urban Development (HUD). The organization's mission is to ensure that affordable housing remains accessible to the elderly population, contributing positively to their living conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
Calloway Street One Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 58%, the organization shows strengths in areas such as having a majority of independent board members and maintaining high program expense ratios. However, the high liabilities to assets ratio raises red flags about the financial stability of the organization.
Despite its strengths in board independence and program spending, the charity has notable weaknesses. The absence of a website listed on its tax form, along with missing policies related to conflicts of interest, whistleblower protections, and document retention, suggests a lack of transparency and governance that could affect donor confidence. These limitations contribute to the overall low rating and highlight areas needing improvement.
In summary, while Calloway Street One Inc dedicates a significant portion of its funds to programs, the concerning financial indicators and lack of essential governance policies are critical issues that potential donors should consider. Addressing these gaps could improve the charity's standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Calloway Street One Inc legitimate?
Calloway Street One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calloway Street One 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: $0
For more financial information, click here
What is the mission statement of Calloway Street One Inc?
Calloway Street One Inc's mission is centered around providing affordable housing for the elderly, adhering to Section 202 of the National Affordable Housing Act. The organization strives to meet this objective by owning and operating a housing community, ensuring that rents for its tenants do not increase without prior approval from the U.S. Department of Housing and Urban Development (HUD). The housing project, in operation under the provisions of the National Housing Act of 1959, aims to cater to the elderly population, contributing to their housing needs and ensuring affordability.
Who is the CEO of Calloway Street One Inc?
Joyce Schuldt is the Ceo of Calloway Street One Inc. The CEO's salary of Calloway Street One Inc is $0 and their total compensation is $203,617.
What is the revenue of Calloway Street One Inc?
Calloway Street One Inc's revenue in 2022 was $72,963.
Who are the executives of Calloway Street One Inc and what are their salaries?
There 9 volunteers at Calloway Street One Inc.
Here are 12 key members and their salaries (Calloway Street One Inc's CEO's salary is $0 and their total compensation is $203,617):
- Compensation: $0
- Related: $182,009
- Other: $21,608
- Compensation: $0
- Related: $154,786
- Other: $0
- Compensation: $0
- Related: $116,554
- Other: $13,151
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Calloway Street One Inc?
Calloway Street One Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Calloway Street One Inc
Calloway Street One Inc, established with a mission under the laws of Maryland, is dedicated to providing affordable housing for the elderly. Operating under Section 202 of the National Affordable Housing Act, this nonprofit organization aims to make housing accessible and affordable for this specific demographic. The corporation, formed in December 2001, manages a 10-unit apartment community, known as Calloway Street One. The regulatory agreement in place ensures that the corporation cannot increase rents for its tenants without prior approval from the HUD, ensuring that the cost of living remains manageable for the elderly residents. By providing affordable housing options, Calloway Street One Inc contributes to enhancing the quality of life for the elderly, providing a secure and stable living environment.
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Impact
August, 2024
Calloway Street One Inc provides affordable housing for the elderly under Section 202 of the National Affordable Housing Act. By owning and operating a 10-unit apartment community in Wicomico County, Maryland, this organization ensures that elderly individuals have access to safe and affordable housing. Their impact is evident in the improved quality of life for elderly residents who may otherwise struggle to find suitable housing options. Through their efforts, Calloway Street One Inc helps to address the housing needs of a vulnerable population, promoting stability and well-being among the elderly in the community.
This information is meant to be a general summary of Calloway Street One 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: $71
- Program Service Revenue: $33,492
- Gross Receipts: $72,963
Assets and Liabilities:
- Total Assets: $903,132
- Total Liabilities: $1,339,421
- Net Assets: -$436,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$33,492
Organization Details
Founding Year
2001
Phone
(410) 546-0381Principal Officer
Joyce Schuldt
Main Address
716 NORTH DIVISION STREET, SALISBURY, MD, 21801
NTEE Category
Code: L20 - Housing
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