Overview
What is Woods Edge Housing Inc?
Woods Edge Housing Inc is a dedicated nonprofit organization, situated unspecified, that focuses on promoting, constructing, and managing housing facilities for the elderly population with limited income. Their mission is to provide affordable housing solutions for this community, ensuring they have a safe and comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Woods Edge Housing Inc has received an impressive Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. The organization achieved a score of 94%, indicating a high level of financial health and transparency. This rating is determined solely from the Accountability & Finance beacon, where the charity excels in various factors, including having a fully independent board and no material diversion of assets.
The organization demonstrates excellent governance practices, with 100% of its board members being independent and a well-defined conflict of interest policy in place. Additionally, it has solid financial metrics, including a low liabilities to assets ratio of 2.31%, which reflects its strong financial stability. Furthermore, an impressive program expense ratio of 86.16% suggests that a significant portion of its resources is directed towards its mission-driven activities.
While Woods Edge Housing Inc has shown commendable strengths in its operational and financial strategies, continued monitoring of its performance will be essential to maintain these high standards. Overall, the charity's commitment to transparency and effective governance provides confidence for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Woods Edge Housing Inc legitimate?
Woods Edge Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woods Edge 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:
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Other Salaries and Wages: $68,954
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What is the mission statement of Woods Edge Housing Inc?
Woods Edge Housing Inc is committed to promoting, constructing, and managing a housing facility catering to the low-income elderly community. Their primary mission is to provide affordable housing solutions for this demographic, ensuring they have a suitable living space. The organization strives to create an environment that meets the needs of its elderly residents, aiming to improve their quality of life.
Who is the CEO of Woods Edge Housing Inc?
Scott Morrow is the President of Woods Edge Housing Inc.
What is the revenue of Woods Edge Housing Inc?
Woods Edge Housing Inc's revenue in 2022 was $487,198.
Who are the executives of Woods Edge Housing Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Woods Edge Housing Inc?
Woods Edge Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Woods Edge Housing Inc
Woods Edge Housing Inc is committed to promoting, constructing, and managing a housing facility for the low-income elderly community. Their mission is to provide affordable housing solutions for this vulnerable population. By establishing and maintaining a housing facility, Woods Edge Housing Inc aims to ensure that the elderly, who often have limited income, have access to safe and comfortable living spaces. Their efforts extend beyond simply providing housing, as they also strive to cater to the needs of this demographic, providing low-income elderly housing.
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Impact
July, 2024
Woods Edge Housing Inc's impact lies in providing a crucial lifeline for the low-income elderly community in North Haven, CT. By promoting, constructing, and running a housing facility specifically tailored for this demographic, Woods Edge Housing Inc has made a significant difference in the lives of those who may not have access to adequate housing otherwise. Through their mission to provide low-income elderly housing, they offer a sense of security, community, and support to a vulnerable population, ultimately enhancing their quality of life and well-being.
This information is meant to be a general summary of Woods Edge 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: $597
- Program Service Revenue: $486,601
- Gross Receipts: $487,198
Assets and Liabilities:
- Total Assets: $2,020,030
- Total Liabilities: $29,908
- Net Assets: $1,990,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$486,601
Organization Details
Founding Year
2000
Phone
(203) 985-9029Principal Officer
Scott Morrow
Main Address
520 POOL ROAD, NORTH HAVEN, CT, 06473
NTEE Category
Code: L22 - Housing
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