Overview
What is Western Region Nonprofit Housing Co?
Western Region Nonprofit Housing Co is a nonprofit organization based in Salt Lake City, Utah. Their mission is to develop, manage, and own affordable housing facilities for the elderly, disabled, and low-income individuals and families. Through the acquisition and operation of low-income housing units, the corporation ensures that these vulnerable groups have access to safe and affordable living arrangements. With a workforce of six employees, their efforts contribute significantly to addressing housing needs within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Western Region Nonprofit Housing Co has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. While the organization demonstrates strengths in maintaining a majority independent board and a high program expense ratio, which reflects a commitment to its mission, significant weaknesses exist in transparency and accountability practices.
Key areas of concern include the absence of critical policies such as conflict of interest, whistleblower, and document retention policies, which are essential for safeguarding governance and ethical standards. Additionally, the nonprofit has not provided its financial statements on its website, limiting accessibility to important financial information for stakeholders.
Despite these drawbacks, the organization does show some financial health, with a favorable liabilities to assets ratio. Moving forward, addressing the noted deficiencies in governance and accountability could enhance the nonprofit's credibility and overall effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Western Region Nonprofit Housing Co legitimate?
Western Region Nonprofit Housing Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Region Nonprofit Housing Co 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: $192,961
Professional Fundraising Fees: $0
Other Salaries and Wages: $948,659
For more financial information, click here
What is the mission statement of Western Region Nonprofit Housing Co?
The Western Region Nonprofit Housing Co is dedicated to providing affordable housing and essential services to the elderly, disabled, and low-income individuals and families. They accomplish this mission through the development, purchase, and management of low-income housing facilities. The organization's primary focus is on creating accessible and affordable living solutions for those in need. By owning and managing these facilities, they ensure that eligible residents have a safe and stable place to call home. The provision of housing is only one aspect of their commitment; they also strive to offer additional services to enhance the quality of life for their residents.
Who is the CEO of Western Region Nonprofit Housing Co?
Marion Willey is the President of Western Region Nonprofit Housing Co.
What is the revenue of Western Region Nonprofit Housing Co?
Western Region Nonprofit Housing Co's revenue in 2022 was $15,780,424.
Who are the executives of Western Region Nonprofit Housing Co and what are their salaries?
The average compensation at Western Region Nonprofit Housing Co during 2022 was $190,270. There are 6 employees at Western Region Nonprofit Housing Co.
Here are 5 key members and their salaries:
- Compensation: $110,949
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $82,012
- Related: $0
- Other: $0
Where can I find the form 990 for Western Region Nonprofit Housing Co?
Western Region Nonprofit Housing Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Western Region Nonprofit Housing Co
Western Region Nonprofit Housing Co, a mission-driven organization, strives to provide affordable housing and essential services to the elderly, disabled, and low-income individuals and families. They fulfill this commitment by developing, purchasing, and managing low-income housing facilities.
In their dedication to making a difference in people's lives, Western Region Nonprofit Housing Co focuses on creating affordable living spaces that cater to the unique needs of the elderly, disabled, and economically disadvantaged. Through the development, ownership, and management of these housing facilities, they ensure that these vulnerable populations have access to safe, affordable, and secure homes.
The organization's mission extends beyond just housing, as they also aim to enhance the quality of life for their residents by offering various support services. By providing these essential resources, Western Region Nonprofit Housing Co helps to ensure that their residents can live with dignity and independence, fostering a strong sense of community and enabling them to thrive.
In essence, Western Region Nonprofit Housing Co is more than just a housing provider; they are an essential partner in the lives of the elderly, disabled, and low-income individuals and families they serve. Their unwavering commitment to providing affordable housing and essential services empowers their residents to build a foundation for a better future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Western Region Nonprofit Housing Co significantly impacts its community by addressing the critical need for affordable housing. By developing, purchasing, and managing low-income housing facilities, it provides safe and stable living environments for elderly individuals, disabled persons, and low-income families.
In Salt Lake City, this organization enhances the quality of life for its residents by ensuring access to housing that is not only affordable but also supportive of their unique needs. The services offered help to alleviate housing insecurity and contribute to the overall well-being of vulnerable populations, facilitating greater stability and independence. By focusing on the highest risk groups, Western Region Nonprofit Housing Co plays a crucial role in fostering a more inclusive and equitable community, ultimately improving the social fabric of the area.
This information is meant to be a general summary of Western Region Nonprofit Housing Co. 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: $5,410,407
- Program Service Revenue: $4,509,239
- Gross Receipts: $20,781,138
Assets and Liabilities:
- Total Assets: $84,484,619
- Total Liabilities: $19,858,010
- Net Assets: $64,626,609
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL PROPERTY INCOME
Revenue
$2,853,407
ADMINISTRATION FEES
Revenue
$1,224,699
INCENTIVE PERFORMANCE FEES
Revenue
$270,917
DEVELOPMENT FEES
Revenue
$160,216
Organization Details
Founding Year
2004
Phone
(801) 531-9200Principal Officer
Marion Willey
Main Address
223 WEST 700 SOUTH SUITE D, SALT LAKE CITY, UT, 84101
NTEE Category
Code: L20 - Housing
If you are a representative of Western Region Nonprofit Housing Co and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.