Overview
What is Edgemont Elms Housing Inc?
Edgemont Elms Housing Inc is a non-profit organization based in Durham, North Carolina, with a mission to provide and maintain affordable housing units. Their primary focus is on revitalizing communities within Durham, as shown by their completion of Edgemont Elms Townhomes, a complex of 58 apartments, including 16 public housing units, in 1990. This organization aims to create a positive impact on the neighborhood, located near downtown Durham, and is currently operational. The organization's activities primarily revolve around the development of low-income housing in the area.
Official website here: www.durhamhousingauthority.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Edgemont Elms Housing Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This rating is determined solely by its Accountability & Finance metrics, which highlight the organization's commitment to transparency and good financial practices. The high score indicates a solid foundation in managing funds and maintaining accountability to stakeholders.
Significant strengths include a fully independent board members structure, with 100% of members being independent. The organization also scored full points for its financial statements being audited and for having no material diversion of assets. Furthermore, its program expense ratio of 68.79% suggests that a substantial portion of its funding is directed toward its programs, which is a positive indicator of its operational focus.
However, there are areas for improvement. Notably, Edgemont Elms Housing Inc has not implemented a whistleblower policy and lacks documentation for retention and destruction. These missing policies could affect the organization's operational robustness and governance. Addressing these gaps would enhance their accountability framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Edgemont Elms Housing Inc legitimate?
Edgemont Elms Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edgemont Elms 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: $32,932
For more financial information, click here
Official website here: www.durhamhousingauthority.org
What is the mission statement of Edgemont Elms Housing Inc?
Edgemont Elms Housing Inc is a non-profit organization with a mission to acquire, construct, develop, and maintain affordable housing. Their primary goal is to revitalize communities and neighborhoods, particularly in Durham, North Carolina. The organization operates Edgemont Elms Townhomes, a complex consisting of 58 apartment units, including 16 public housing units. Completed in 1990, this complex serves as part of a redevelopment plan for the Edgemont community, contributing to the betterment of the local housing situation.
Official website here: www.durhamhousingauthority.org
Who is the CEO of Edgemont Elms Housing Inc?
Anthony Scott is the Chair of Edgemont Elms Housing Inc. The CEO's salary of Edgemont Elms Housing Inc is $0 and their total compensation is $209,740.
Official website here: www.durhamhousingauthority.org
What is the revenue of Edgemont Elms Housing Inc?
Edgemont Elms Housing Inc's revenue in 2022 was $504,942.
Official website here: www.durhamhousingauthority.org
Who are the executives of Edgemont Elms Housing Inc and what are their salaries?
There 5 volunteers at Edgemont Elms Housing Inc.
Here are 14 key members and their salaries (Edgemont Elms Housing Inc's CEO's salary is $0 and their total compensation is $209,740):
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- Compensation: $0
- Related: $209,740
- Other: $0
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- Related: $148,446
- Other: $0
- Compensation: $0
- Related: $126,309
- Other: $0
- Compensation: $0
- Related: $129,774
- Other: $0
- Compensation: $0
- Related: $101,625
- Other: $0
Official website here: www.durhamhousingauthority.org
Where can I find the form 990 for Edgemont Elms Housing Inc?
Edgemont Elms Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.durhamhousingauthority.org
Learn more at the official website: www.durhamhousingauthority.org
Mission Statement of Edgemont Elms Housing Inc
Edgemont Elms Housing Inc, a non-profit organization, is committed to a mission of acquiring, constructing, developing, and maintaining affordable housing. Their primary objective is to revitalize communities and neighborhoods within Durham, North Carolina. This mission materialized in the form of Edgemont Elms Townhomes, a 58-unit complex that includes 16 public housing units. Completed in 1990, this housing complex plays a significant role in a larger redevelopment plan for the Edgemont community, serving as a safe and affordable living space.
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Impact
July, 2024
Edgemont Elms Housing Inc's impact lies in its crucial role in providing affordable housing and revitalizing communities in Durham, North Carolina. By acquiring, constructing, developing, and maintaining affordable housing units, such as the Edgemont Elms Townhomes, this organization directly addresses the pressing need for accessible housing opportunities in the area. Through their activities, Edgemont Elms contributes to the overall improvement and stability of neighborhoods, promoting a sense of community and wellbeing for residents. Their focus on affordable housing ensures that individuals and families have access to safe and secure living spaces, ultimately contributing to the social and economic development of Durham.
This information is meant to be a general summary of Edgemont Elms 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.
- Program Service Revenue: $504,942
- Gross Receipts: $504,942
Assets and Liabilities:
- Total Assets: $1,562,985
- Total Liabilities: $831,044
- Net Assets: $731,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL REVENUE
Revenue
$502,101
OTHER TENANT REVENUE
Revenue
$2,841
Organization Details
Founding Year
2007
Phone
(919) 683-1551Principal Officer
Anthony Scott
Main Address
330 EAST MAIN STREET, DURHAM, NC, 27701
NTEE Category
Code: L21 - Housing
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