Overview
What is Delray Housing Group Inc?
Delray Housing Group Inc, located in Delray Beach, Florida, is a dedicated nonprofit organization with a mission to provide affordable housing opportunities. Currently, they manage a diverse portfolio of properties, including nine individual houses and duplexes, and four apartment complexes, totaling 795 rentable units. By offering affordable housing, Delray Housing Group Inc aims to contribute to economic development in the community. They also strive to be a catalyst for neighborhood revitalization, leveraging responsible leadership, partnerships, collaboration, and sound asset management. With a workforce of 31 dedicated individuals, Delray Housing Group Inc continues to make a significant impact in addressing the housing needs of the community.
Official website here: www.delrayhousinggroup.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48% (Zero-Star out of Four Stars)
Delray Housing Group Inc has received a low score of 48% from Charity Navigator, which indicates significant concerns regarding its accountability and financial management. While the organization excels in areas such as having a fully independent board and maintaining robust audit practices, it falls short in crucial areas like program expenses and financial sustainability. The program expense ratio of 40.54% suggests that a smaller portion of its budget is directed toward its mission-related activities.
Additionally, the nonprofit lacks important policies such as a whistleblower policy and a document retention strategy, which are critical for transparency and governance. Although the organization has good oversight measures in place, the missing policies raise questions about internal accountability. The liabilities to assets ratio of 9.97% is another concerning factor, indicating potential financial instability.
On the positive side, the leadership team, including the CEO and vice presidents, demonstrates a commitment to governance, with no material diversion of assets reported. However, the high salaries of key personnel may also raise concerns about the allocation of funds. Overall, Delray Housing Group Inc exhibits some strengths in governance but faces significant challenges in financial management and resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Delray Housing Group Inc legitimate?
Delray Housing Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delray Housing Group 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: $132,335
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,588
For more financial information, click here
Official website here: www.delrayhousinggroup.com
What is the mission statement of Delray Housing Group Inc?
Delray Housing Group Inc's mission is centered around providing affordable housing opportunities and contributing to economic development. In pursuit of this goal, the organization serves as a catalyst for community revitalization, utilizing responsible leadership, strategic partnerships, collaboration, and sound asset management. Their activities aim to enhance the living conditions of individuals and families in need of affordable housing, while also fostering economic growth in the community. Currently, Delray Housing Group Inc owns several houses and duplexes, and manages several apartment complexes, providing a total of 795 rentable units.
Official website here: www.delrayhousinggroup.com
Who is the CEO of Delray Housing Group Inc?
Shirley Erazo is the CEO of Delray Housing Group Inc The CEO's salary of Delray Housing Group Inc is $0 and their total compensation is $198,856.
Official website here: www.delrayhousinggroup.com
What is the revenue of Delray Housing Group Inc?
Delray Housing Group Inc's revenue in 2024 was $1,261,318.
Official website here: www.delrayhousinggroup.com
Who are the executives of Delray Housing Group Inc and what are their salaries?
The average compensation at Delray Housing Group Inc during 2024 was $15,860. There are 22 employees and 7 volunteers at Delray Housing Group Inc.
Here are 12 key members and their salaries (Delray Housing Group Inc's CEO's salary is $0 and their total compensation is $198,856):
- Compensation: $0
- Related: $167,674
- Other: $31,182
- Compensation: $112,826
- Related: $0
- Other: $15,767
- Compensation: $0
- Related: $56,564
- Other: $10,457
- Compensation: $0
- Related: $41,000
- Other: $2,369
- 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
Official website here: www.delrayhousinggroup.com
Where can I find the form 990 for Delray Housing Group Inc?
Delray Housing Group Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.delrayhousinggroup.com
Learn more at the official website: www.delrayhousinggroup.com
Mission Statement of Delray Housing Group Inc
Delray Housing Group Inc, a dedicated nonprofit organization, is committed to providing affordable housing opportunities and fostering economic development. Their mission is multifaceted, encompassing more than just offering affordable living spaces. They aim to serve as a catalyst for community revitalization through responsible leadership, strategic partnerships, collaboration, and sound asset management. This approach ensures that Delray Housing Group Inc not only provides affordable housing but also contributes to the overall improvement and development of the communities it serves. The organization currently manages nine individual houses and duplexes, as well as four apartment complexes, providing a total of 795 rentable units. This commitment to housing affordability and community development sets Delray Housing Group Inc apart as a proactive and responsible player in the realm of affordable housing services.
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Impact
July, 2024
Delray Housing Group Inc's impact lies in its commitment to providing affordable housing opportunities and promoting economic development within the Delray Beach community. With a portfolio that includes nine individual houses and duplexes, as well as management of four apartment complexes totaling 795 rentable units, the organization plays a significant role in addressing the housing needs of the area. By fulfilling its mission to be a catalyst for community revitalization through responsible leadership, partnerships, collaboration, and sound asset management, Delray Housing Group Inc positively influences the lives of residents and contributes to the overall well-being of the community.
This information is meant to be a general summary of Delray Housing Group 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 2024.
- Investment Income: -$24,541
- Program Service Revenue: $1,258,356
- Gross Receipts: $1,261,318
Assets and Liabilities:
- Total Assets: $1,142,488
- Total Liabilities: $164,094
- Net Assets: $978,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$692,858
DEVELOPER FEES
Revenue
$436,099
TENANT RENTAL REVENUE
Revenue
$129,399
Organization Details
Founding Year
2003
Principal Officer
Shirley Erazo
Website
www.delrayhousinggroup.comNTEE Category
Code: L21 - Housing
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