Overview
What is Wetzel Homes Inc?
Wetzel Homes Inc is a nonprofit organization based in Frederick, Maryland, specifically at PO Box 3734. Their primary mission is to provide affordable housing for the chronically mentally disabled, in accordance with exempt purposes. This mission is carried out under Section 811 of the National Affordable Housing Act, which they follow meticulously. The organization's activities are geared towards ensuring that the chronically mentally disabled have a suitable place to reside, enhancing their quality of life and promoting a sense of community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 55% (One-Star out of Four Stars)
Wetzel Homes Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization excels in maintaining a majority independent board and has performed well in program expense ratios, it falls short in several critical areas of transparency and governance.
User feedback highlights that the nonprofit lacks essential policies, such as a conflict of interest policy and a whistleblower policy, which are vital for maintaining trust and integrity within the organization. Additionally, the absence of key financial documentation on their website raises further questions about their operational transparency.
Despite these limitations, Wetzel Homes Inc demonstrates a commitment to its programs, as indicated by its strong program expense ratio. However, potential donors and supporters may want to consider the organization's governance weaknesses before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Wetzel Homes Inc legitimate?
Wetzel Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wetzel Homes 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 Wetzel Homes Inc?
Wetzel Homes Inc, a non-profit organization, is dedicated to providing affordable housing for the chronically mentally disabled. This commitment is in line with Section 811 of the National Affordable Housing Act. The organization's primary goal is to ensure that these individuals have a place to call home, thus improving their overall quality of life. They strive to provide housing solutions that cater specifically to the needs of this vulnerable group, thereby contributing to their social welfare and well-being. Their activities are geared towards exempt purposes, reflecting their commitment to this cause.
Who is the CEO of Wetzel Homes Inc?
Sarah Norman is the Treasurer of Wetzel Homes Inc.
What is the revenue of Wetzel Homes Inc?
Wetzel Homes Inc's revenue in 2022 was $70,493.
Who are the executives of Wetzel Homes Inc and what are their salaries?
There 5 volunteers at Wetzel Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $451,063
- Other: $25,617
- Compensation: $0
- Related: $172,288
- Other: $21,000
- 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 Wetzel Homes Inc?
Wetzel Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wetzel Homes Inc
Wetzel Homes Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for the chronically mentally disabled. In adherence to Section 811 of the National Affordable Housing Act, this organization strives to create a living environment that caters to the unique needs of its residents. By prioritizing affordable housing, Wetzel Homes Inc is committed to making a significant difference in the lives of those who require special care, ensuring they can live with dignity and comfort. The organization operates with an exempt purpose, focusing on the housing needs of the chronically mentally disabled, thereby contributing to a more inclusive and supportive society.
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Impact
June, 2024
Wetzel Homes Inc's impact lies in providing affordable housing to the chronically mentally disabled under Section 811 of the National Affordable Housing Act. Through their mission to offer housing to this vulnerable population, they play a crucial role in addressing the housing needs of individuals with mental health challenges. By focusing their efforts on ensuring accessible and safe housing for those who are often marginalized, Wetzel Homes Inc contributes to promoting mental health and well-being within the community.
This information is meant to be a general summary of Wetzel Homes 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: $7
- Program Service Revenue: $70,486
- Gross Receipts: $70,493
Assets and Liabilities:
- Total Assets: $625,041
- Total Liabilities: $864,600
- Net Assets: -$239,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$70,486
Organization Details
Founding Year
2002
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: F33 - Mental health
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