Overview
What is West House Corporation?
West House Corporation is a nonprofit organization situated in Newport, Rhode Island, specifically at 50 Washington Square. Their primary focus is on providing affordable housing for the elderly and individuals with disabilities, adhering to Section 202 of the National Housing Act. The organization manages a 50-unit apartment building, offering a home to those in need of low-income housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
West House Corporation has achieved a solid 82% rating from Charity Navigator, reflecting a commendable level of accountability and financial health. The organization has a fully independent board, demonstrating strong governance practices. Additionally, its financial statements are well-managed, with no material diversion of assets reported, indicating a high degree of integrity in financial operations.
The program expense ratio stands at an impressive 100%, suggesting that all expenses are directed towards the organization's mission rather than administrative costs. This efficiency in resource allocation enhances the nonprofit's reputation and underscores its commitment to effective program delivery.
Despite these strengths, there is always room for improvement in transparency and outreach. Continued efforts to enhance public engagement and further diversify funding sources could bolster the organization's impact and support for its initiatives. Overall, West House Corporation is positioned as a reliable and accountable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is West House Corporation legitimate?
West House Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West House 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 West House Corporation?
West House Corporation's mission is centered around providing housing solutions for elderly individuals and those with disabilities. Specifically, it operates under Section 202 of the National Housing Act, which is reflected in its primary activity and mission statement. The corporation manages a 50-unit apartment building, intended for rental to low-income elderly and handicapped persons, thereby contributing to their housing needs and overall well-being.
Who is the CEO of West House Corporation?
Robert Sabel is the Secretary/Treasurer of West House Corporation.
What is the revenue of West House Corporation?
West House Corporation's revenue in 2023 was $527,838.
Who are the executives of West House Corporation and what are their salaries?
There 4 volunteers at West House Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for West House Corporation?
West House Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of West House Corporation
West House Corporation, as a nonprofit organization, is dedicated to providing housing for elderly individuals and those with disabilities. This mission is in line with Section 202 of the National Housing Act. The corporation operates a 50-unit apartment building, specifically designed for low-income elderly and handicapped individuals, offering them a place to call home. By doing so, West House Corporation is contributing to the well-being and independence of this vulnerable population, ensuring they have access to safe and affordable housing. The organization's mission is a testament to its commitment to supporting the needs of the elderly and handicapped, thereby improving their overall quality of life.
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Impact
July, 2024
West House Corporation provides essential housing for low-income elderly and handicapped individuals in Newport, Rhode Island. Through its 50-unit apartment building, the organization ensures that vulnerable populations have a safe and affordable place to live. By offering housing under Section 202 of the National Housing Act, West House Corporation directly addresses the critical need for suitable accommodation for elderly persons. This initiative not only contributes to improving the quality of life for its residents but also supports their overall health and well-being.
This information is meant to be a general summary of West House 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 2023.
- Investment Income: $10,656
- Program Service Revenue: $505,749
- Gross Receipts: $527,838
Assets and Liabilities:
- Total Assets: $2,612,195
- Total Liabilities: $87,283
- Net Assets: $2,524,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$505,749
Organization Details
Founding Year
1995
Phone
(401) 846-5114Principal Officer
Robert Sabel
Main Address
50 WASHINGTON SQUARE, NEWPORT, RI, 02840
NTEE Category
Code: E91 - Health
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