Overview
What is Wlc Housing Inc?
Wlc Housing Inc, located in Quincy, Massachusetts, is a nonprofit organization dedicated to serving the low-income elderly population. With a modest workforce of three individuals, this organization offers 75 units of dignified, high-quality housing. Beyond providing a place to live, Wlc Housing Inc goes above and beyond by offering additional services tailored to the needs of its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
WLC Housing Inc has earned an 86% rating from Charity Navigator, which reflects a solid performance in accountability and finance. The score is derived entirely from the Accountability & Finance beacon, indicating that the organization maintains strong financial practices and governance structures. An independent board composition stands at 44%, which is a noteworthy aspect of their governance, promoting objectivity and transparency in their operations.
The organization has demonstrated excellent financial management, achieving top scores in various categories such as audit oversight and conflict of interest policies. With a program expense ratio of nearly 85%, the majority of their expenses are directed towards their mission, highlighting their commitment to service delivery. Furthermore, their effective governance practices are underscored by comprehensive policies on whistleblower protections and document retention.
Despite its strengths, the percentage of independent board members is relatively low at 44%, which may raise questions about the level of oversight and independence in decision-making. Overall, WLC Housing Inc showcases a commitment to accountability and a strong focus on financial integrity, making it a respectable option for donors looking to support housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Wlc Housing Inc legitimate?
Wlc Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wlc Housing 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: $210,501
For more financial information, click here
What is the mission statement of Wlc Housing Inc?
Wlc Housing Inc is committed to providing quality and dignified housing services for the low-income elderly. Their mission is to offer more than just a place to live, ensuring that the elderly population in need has access to suitable living conditions. The organization operates by providing 75 units of such housing, aiming to enhance the living experiences of its residents. Their primary goal is to maintain the dignity and well-being of these individuals by offering necessary support services alongside their housing solutions.
Who is the CEO of Wlc Housing Inc?
Timothy Wismar is the President/Treasurer/Direct of Wlc Housing Inc.
What is the revenue of Wlc Housing Inc?
Wlc Housing Inc's revenue in 2022 was $1,173,716.
Who are the executives of Wlc Housing Inc and what are their salaries?
The average compensation at Wlc Housing Inc during 2022 was $70,167. There are 3 employees at Wlc Housing Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $242,571
- Other: $54,419
- Compensation: $0
- Related: $70,843
- Other: $12,615
- 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 Wlc Housing Inc?
Wlc Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wlc Housing Inc
Wlc Housing Inc, a nonprofit organization, is committed to providing quality and dignified housing for the low-income elderly. Their mission is to ensure that these individuals live in an environment that upholds their dignity, offering more than just a place to reside. The organization provides 75 units of such housing, ensuring that elderly individuals with limited income have access to decent living conditions. By doing so, Wlc Housing Inc contributes to the betterment of the elderly community, providing them with the care and support they deserve.
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Impact
July, 2024
Wlc Housing Inc's impact is significant as it provides 75 units of dignified quality housing for low-income elderly individuals in Quincy, MA. By offering this essential service, Wlc Housing Inc plays a crucial role in ensuring that this vulnerable population has access to safe and affordable housing, thereby enhancing their quality of life and overall well-being. This organization's focus on providing quality, dignified housing demonstrates a commitment to meeting the needs of low-income elderly individuals and positively impacting their lives.
This information is meant to be a general summary of Wlc Housing 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: $905
- Program Service Revenue: $1,172,811
- Gross Receipts: $1,173,716
Assets and Liabilities:
- Total Assets: $3,946,151
- Total Liabilities: $101,198
- Net Assets: $3,844,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT - LOW INC. HOUSIN
Revenue
$1,079,174
ANTENNA INCOME
Revenue
$88,837
LAUNDRY
Revenue
$4,800
Organization Details
Founding Year
1995
Phone
(617) 786-7601Principal Officer
Timothy Wismar
Main Address
314 WATER STREET, QUINCY, MA, 02169
NTEE Category
Code: L20 - Housing
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