Overview
What is Thomas Housing Development Corporation?
Thomas Housing Development Corporation is a nonprofit organization situated in Silver Spring, Maryland, specifically at 12200 Tech Road 330. Their primary focus is on providing residential services, creating community-based group homes and alternative living units for nine mentally ill adults. The organization's mission is to offer rental assistance to individuals grappling with mental illness, thereby aiding them in securing stable housing. Their services extend to offering essential aid and support to these individuals, ensuring they can live with dignity and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
The Thomas Housing Development Corporation has received a Two-Star rating, indicating that while the organization demonstrates some accountability and financial stability, there are key areas for improvement. The overall score is predominantly derived from a single beacon score, with the Accountability & Finance score sitting at 74%. This rating signifies moderate performance in managing financial practices and transparency.
Strengths of the organization include a perfect score in the Program Expense Ratio and Liabilities to Assets Ratio, showcasing effective allocation of resources towards its mission and sound financial health. Additionally, the corporation has established solid policies regarding conflicts of interest and whistleblower protections, which are vital for ethical governance. However, the lack of independent board members and failure to meet certain transparency criteria, such as not posting tax forms on its website, hinder its overall ratings.
Notably, the organization was rated poorly in areas concerning board independence and the accessibility of financial documents, which could be barriers to establishing trust and credibility with stakeholders. Addressing these limitations may help improve its rating in the future and enhance its operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Thomas Housing Development Corporation legitimate?
Thomas Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas Housing Development Corporation 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 Thomas Housing Development Corporation?
Thomas Housing Development Corporation's mission is centered around providing aid. Specifically, they offer rental assistance to individuals grappling with mental illness. This organization operates with a goal to offer residential services, such as community-based group homes and alternative living units, catering to the needs of nine mentally ill adults. By doing so, they aim to contribute positively to their tenants' lives, providing them with a supportive living environment.
Who is the CEO of Thomas Housing Development Corporation?
Najla Wortham is the President of Thomas Housing Development Corporation.
What is the revenue of Thomas Housing Development Corporation?
Thomas Housing Development Corporation's revenue in 2022 was $65,652.
Who are the executives of Thomas Housing Development Corporation and what are their salaries?
There 1 volunteer at Thomas Housing Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $160,885
- Other: $27,249
- Compensation: $0
- Related: $181,302
- Other: $18,147
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $127,184
- Other: $16,832
- Compensation: $0
- Related: $92,337
- Other: $19,894
Where can I find the form 990 for Thomas Housing Development Corporation?
Thomas Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thomas Housing Development Corporation
Thomas Housing Development Corporation is committed to providing rental assistance for individuals struggling with mental illness. In line with this mission, the organization offers community-based group homes and alternative living units, catering to the needs of nine mentally ill adults. By offering these residential services, Thomas Housing Development Corporation aims to provide a supportive environment that enables these individuals to manage their conditions effectively. The corporation's mission is to empower and assist these individuals in their daily lives, thereby contributing to their overall well-being and independence.
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Impact
August, 2024
Thomas Housing Development Corporation has a significant impact by providing rental assistance for individuals with mental illness in Silver Spring, MD. Through their residential services, they offer community-based group homes and alternative living units for nine mentally ill adults, contributing to the well-being and stability of this vulnerable population. Their mission to provide rental assistance plays a crucial role in supporting individuals with mental illness in accessing safe and affordable housing, ultimately improving their quality of life.
This information is meant to be a general summary of Thomas Housing Development Corporation. 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: $4
- Program Service Revenue: $60,911
- Gross Receipts: $65,652
Assets and Liabilities:
- Total Assets: $477,171
- Total Liabilities: $94,256
- Net Assets: $382,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$60,911
Organization Details
Founding Year
2002
Phone
(301) 572-6585Principal Officer
Najla Wortham
Main Address
12200 TECH ROAD 330, SILVER SPRING, MD, 20904
NTEE Category
Code: L21 - Housing
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