Overview
What is Wesley Rydell Housing Corporation?
Wesley Rydell Housing Corporation is a nonprofit organization situated in Alexandria, Virginia, specifically at 2311 Huntington Avenue 204. Their primary mission is to offer 98 units of affordable housing to families and individuals. This contribution to the community aims to address housing needs and contribute to a more inclusive and equitable living environment. The organization's activities are centered around this mission, providing affordable housing solutions to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Wesley Rydell Housing Corporation has received a two-star rating on Charity Navigator, indicating a need for improvement. The organization scored 64% overall, with a strong performance in areas such as financial oversight and conflict of interest policies. This suggests that while they maintain accountability in specific domains, there are significant weaknesses in board independence and financial transparency.
Key strengths include a fully compliant audit and oversight committee and effective document retention policies, reflecting a commitment to ethical governance. However, the organization struggles with board composition, as it lacks independent board members, which may impact its overall effectiveness and decision-making. Additionally, their failure to post key financial documents on their website raises concerns about transparency.
Overall, while the Wesley Rydell Housing Corporation demonstrates some positive attributes in financial management and governance practices, the limitations in board independence and public financial disclosure highlight areas that require attention to enhance their credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Rydell Housing Corporation legitimate?
Wesley Rydell Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Rydell Housing Corporation 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: $170,572
For more financial information, click here
What is the mission statement of Wesley Rydell Housing Corporation?
The Wesley Rydell Housing Corporation is committed to providing 98 affordable housing units for families and individuals. This mission is carried out by offering affordable housing options, aiming to support individuals and families in need. The corporation's primary goal is to make quality housing accessible, contributing to a more equitable living situation for its residents. By providing these units, the corporation aims to contribute to the well-being and stability of the community, ensuring that everyone has a decent place to call home.
Who is the CEO of Wesley Rydell Housing Corporation?
Kamilah Mcafee is the President of Wesley Rydell Housing Corporation.
What is the revenue of Wesley Rydell Housing Corporation?
Wesley Rydell Housing Corporation's revenue in 2022 was $1,684,885.
Who are the executives of Wesley Rydell Housing Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $245,000
- Other: $23,602
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $137,453
- Other: $12,643
Where can I find the form 990 for Wesley Rydell Housing Corporation?
Wesley Rydell Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wesley Rydell Housing Corporation
Wesley Rydell Housing Corporation is committed to providing affordable housing solutions for families and individuals. Their mission, as stated, is to offer 98 units of affordable housing. This organization is dedicated to making a significant impact by providing a place of residence for individuals who may be financially challenged, ensuring they have access to safe and comfortable living spaces. By offering 98 units, Wesley Rydell Housing Corporation aims to contribute positively to the community by providing a stable living environment for a substantial number of families and individuals.
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
Wesley Rydell Housing Corporation significantly influences the community by providing 98 units of affordable housing to families and individuals in Alexandria, VA. This initiative addresses the crucial need for accessible housing, promoting stability and security for residents. By creating a supportive living environment, the organization not only offers shelter but also fosters a sense of community among its inhabitants. Affordable housing plays a vital role in enhancing the quality of life for low-income households, enabling them to focus on other essential areas such as education, employment, and overall well-being. Through its commitment to affordable housing, Wesley Rydell Housing Corporation contributes to reducing homelessness and alleviating the financial stress many families face, ultimately leading to a healthier and more vibrant community.
This information is meant to be a general summary of Wesley Rydell Housing Corporation. 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: $1,444
- Program Service Revenue: $1,683,441
- Gross Receipts: $1,684,885
Assets and Liabilities:
- Total Assets: $11,864,711
- Total Liabilities: $15,414,960
- Net Assets: -$3,550,249
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 REVENUE
Revenue
$1,205,477
RENTAL ASSISTANCE PAYM
Revenue
$466,412
TENANT CHARGES
Revenue
$11,552
Organization Details
Founding Year
2005
Phone
(703) 642-3830Principal Officer
Kamilah Mcafee
Main Address
2311 HUNTINGTON AVENUE 204, ALEXANDRIA, VA, 22303
NTEE Category
Code: L21 - Housing
If you are a representative of Wesley Rydell Housing Corporation 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.