Overview
What is Coalition Homes Inc?
Coalition Homes Inc, situated in Rockville, Maryland, is a nonprofit organization primarily dedicated to providing permanent housing solutions for formerly homeless individuals and families. With a focus on transitioning these individuals into mainstream society, Coalition Homes Inc aims to offer a stable living environment, fostering their integration into the community. The organization's mission is deeply rooted in its commitment to the well-being and long-term success of its residents.
Official website here: www.mcch.net/affordable-housing/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 66%, Two-Star out of Four Star rating.
Coalition Homes Inc has received a 66% rating from Charity Navigator, which indicates some areas of concern, particularly in financial health. While the organization excels in governance aspects, such as having an independent board and solid policies for conflict of interest and whistleblower protection, it faces challenges with its liabilities, as reflected in its Liabilities to Assets Ratio of 135.63%. This suggests that the organization may be financially overextended.
On a positive note, Coalition Homes Inc demonstrates strong program expense management, with an impressive 88.39% program expense ratio, indicating that a significant portion of its funding is directed toward its mission-related activities. The charity also scores high in accountability and transparency, with all required policies and documentation being in place. However, potential donors and supporters should consider the financial liabilities when evaluating the sustainability of the organization’s operations.
This AI summary has been generated from information found on Charity Navigator.
Is Coalition Homes Inc legitimate?
Coalition Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coalition Homes 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: $460,067
For more financial information, click here
Official website here: www.mcch.net/affordable-housing/
What is the mission statement of Coalition Homes Inc?
Coalition Homes Inc. is committed to providing permanent housing solutions for formerly homeless individuals and families. Their mission is to assist these individuals in transitioning back into mainstream society. The organization's primary goal is to ensure stable housing, which serves as a fundamental step towards rebuilding lives and regaining independence. By providing housing, Coalition Homes Inc. aims to contribute to the overall well-being and reintegration of those who have experienced homelessness. The organization's mission is driven by a belief in the dignity and potential of each individual, and it strives to promote self-sufficiency and improve the living conditions of its residents.
Official website here: www.mcch.net/affordable-housing/
Who is the CEO of Coalition Homes Inc?
Susanne Sinclair-Smith is the Chair of Coalition Homes Inc.
Official website here: www.mcch.net/affordable-housing/
What is the revenue of Coalition Homes Inc?
Coalition Homes Inc's revenue in 2022 was $1,565,873.
Official website here: www.mcch.net/affordable-housing/
Who are the executives of Coalition Homes Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $169,245
- Other: $18,226
- 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: $140,488
- Other: $11,006
Official website here: www.mcch.net/affordable-housing/
Where can I find the form 990 for Coalition Homes Inc?
Coalition Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcch.net/affordable-housing/
Learn more at the official website: www.mcch.net/affordable-housing/
Mission Statement of Coalition Homes Inc
Coalition Homes Inc, a nonprofit organization, is committed to providing permanent housing for formerly homeless individuals and families. Their mission is to offer a safe and stable living environment, serving as a stepping stone for these individuals in transitioning back into mainstream society. The organization's goal is to ensure that formerly homeless individuals and families have a place to call home, providing them with the necessary support to reintegrate into society and lead independent lives. Coalition Homes Inc's mission is essential in addressing the issue of homelessness, offering a solution that promotes self-sufficiency and independence for those who have previously struggled with housing insecurity.
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Impact
October, 2024
Coalition Homes Inc significantly impacts the community by providing permanent housing for formerly homeless individuals and families. By focusing on stable housing solutions, they assist individuals in transitioning back into mainstream society, fostering a sense of belonging and security. This approach not only addresses immediate shelter needs but also promotes long-term stability and self-sufficiency among vulnerable populations in Rockville, MD. Through their efforts, Coalition Homes contributes to the reduction of homelessness, enhances community integration, and ultimately improves the quality of life for those they serve.
This information is meant to be a general summary of Coalition Homes 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: $6,880
- Program Service Revenue: $1,131,747
- Gross Receipts: $1,565,873
Assets and Liabilities:
- Total Assets: $16,875,336
- Total Liabilities: $22,890,348
- Net Assets: -$6,015,012
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$914,050
PROPERTY MANAGEMENT FEE
Revenue
$217,697
Organization Details
Founding Year
2005
Phone
(301) 217-0314Principal Officer
Susanne Sinclair-Smith
Main Address
2301 RESEARCH BLVD STE 200, ROCKVILLE, MD, 20850
NTEE Category
Code: L21 - Housing
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