Overview
What is Eastwood Of Ames Inc?
Eastwood Of Ames Inc, located in Spencer, Iowa, is a dedicated nonprofit organization. Their core mission is to offer decent, safe, and affordable housing options to individuals who fall under the low-income and very low-income categories. This commitment to social welfare is the driving force behind their activities, ensuring that vulnerable individuals have a secure place to call home. With a focus on providing housing solutions, Eastwood Of Ames Inc plays a significant role in enhancing the living conditions of its community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Eastwood Of Ames Inc has received a Three-Star rating from Charity Navigator, indicating a strong emphasis on accountability and finance. The score is driven by its robust performance in various governance metrics, including a fully independent board and a comprehensive conflict of interest policy. The organization excels in financial oversight and transparency, demonstrating responsible management of its resources.
Strengths of Eastwood Of Ames Inc include its complete independence on the board, which is comprised of eight members, all of whom are independent. Additionally, the charity has a solid financial framework, with no reported material diversion of assets, and it adheres to policies that promote accountability, such as a whistleblower policy and a thorough document retention strategy. This contributes positively to its overall financial health and integrity.
However, the organization has a lower score in the liabilities to assets ratio, which might indicate a need for improved financial structure in that area. Despite this, the high program expense ratio reflects a strong commitment to its mission and effective allocation of resources. Overall, Eastwood Of Ames Inc demonstrates a commendable level of accountability and transparency, though it may benefit from addressing its financial liabilities more effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Eastwood Of Ames Inc legitimate?
Eastwood Of Ames Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastwood Of Ames 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: $0
For more financial information, click here
What is the mission statement of Eastwood Of Ames Inc?
Eastwood of Ames Inc. is committed to providing decent, safe, and affordable housing for low-income and very low-income individuals. Their objective is to make a significant impact in this area, ensuring that everyone has access to a suitable living environment regardless of their financial situation. The organization's activities revolve around the provision of housing, ensuring that it is both secure and within reach for those who need it the most. By focusing on this mission, Eastwood of Ames Inc. contributes to improving the living conditions of a vulnerable group of individuals, thereby enhancing their overall quality of life.
Who is the CEO of Eastwood Of Ames Inc?
Samantha Erickson is the Chief Operating Officer of Eastwood Of Ames Inc.
What is the revenue of Eastwood Of Ames Inc?
Eastwood Of Ames Inc's revenue in 2022 was $4,114,072.
Who are the executives of Eastwood Of Ames Inc and what are their salaries?
There 8 volunteers at Eastwood Of Ames Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $198,994
- Other: $26,074
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- Related: $137,050
- Other: $27,142
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Eastwood Of Ames Inc?
Eastwood Of Ames Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eastwood Of Ames Inc
Eastwood of Ames Inc, a nonprofit organization, is committed to providing decent, safe, and affordable housing for individuals who fall under the categories of low-income and very low-income. Their primary objective is to ensure that these individuals have access to suitable living conditions that meet their basic needs. By offering affordable housing, Eastwood of Ames Inc aims to make a significant impact on the lives of those who may otherwise struggle to secure such accommodations. Their mission is centered around the belief that every individual deserves a safe and comfortable living environment, regardless of their financial situation.
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Impact
October, 2024
Eastwood Of Ames Inc plays a crucial role in addressing the housing needs of low-income and very low-income individuals in Spencer, Iowa. By providing decent, safe, and affordable housing, the organization significantly improves the living conditions and quality of life for vulnerable populations. The availability of secure housing not only fosters stability for individuals and families but also contributes to the overall well-being of the community. By focusing on affordable options, Eastwood Of Ames Inc helps to alleviate the burden of housing costs, enabling residents to allocate resources toward other essential needs such as education, healthcare, and employment. This commitment to housing accessibility promotes social equity and fosters a more inclusive community where all individuals have the opportunity to thrive.
This information is meant to be a general summary of Eastwood Of Ames 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: $8,597
- Program Service Revenue: $4,105,475
- Gross Receipts: $4,114,072
Assets and Liabilities:
- Total Assets: $20,015,849
- Total Liabilities: $13,721,185
- Net Assets: $6,294,664
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,551,049
FORGIVENESS OF DEBT
Revenue
$1,466,594
Organization Details
Founding Year
2006
Phone
(712) 262-5640Principal Officer
Samantha Erickson
Main Address
328 GRAND AVE, SPENCER, IA, 51301
NTEE Category
Code: L990 - Housing
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