Overview
What is Rosewood Apartments Inc C/O Hands?
Rosewood Apartments Inc C/O Hands is a nonprofit organization based in Erie, Pennsylvania, whose mission is to offer affordable housing to adults experiencing chronic mental illness or developmental disabilities. In partnership with Housing and Neighborhood Development Service (HANDS), they manage six homes, providing a group home setting for these individuals. The organization's objective is to maintain these homes to ensure a safe and attractive living environment. While the information provided does not specify additional programs, it is clear that Rosewood Apartments Inc C/O Hands focuses on providing essential housing support for the community they serve.
Official website here: www.hands-erie.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning a Two-Star out of Four Star rating
Rosewood Apartments Inc C/O Hands has received a Two-Star rating from Charity Navigator, indicating a moderate level of operational effectiveness and accountability. The organization performs well in certain areas, particularly governance, with a fully independent board and solid financial practices reflected in a high program expense ratio of 86.51%. This suggests that a significant portion of their funds is directed towards their programs rather than administrative costs.
However, there are notable weaknesses that contribute to the overall rating. The organization lacks critical policies such as a whistleblower policy and a document retention and destruction policy, which are essential for transparency and accountability. Additionally, the liabilities to assets ratio is concerning at 142.44%, indicating potential financial stability issues that could impact its operations.
Overall, while Rosewood Apartments shows strong governance and a commitment to program spending, the absence of key policies and high liabilities suggest that improvements are necessary to enhance its overall financial health and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Rosewood Apartments Inc C/O Hands legitimate?
Rosewood Apartments Inc C/O Hands is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rosewood Apartments Inc C/O Hands 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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For more financial information, click here
Official website here: www.hands-erie.org
What is the mission statement of Rosewood Apartments Inc C/O Hands?
The mission of Rosewood Apartments Inc, managed by Housing and Neighborhood Development Service (HANDS), is to provide and maintain six affordable homes in a group home setting, specifically for adults dealing with chronic mental illness. This housing initiative aims to offer a suitable living environment for individuals who may have developmental disabilities as well. The organization's primary goal is to ensure that these individuals receive the necessary support and housing they require to live a dignified life.
Official website here: www.hands-erie.org
Who is the CEO of Rosewood Apartments Inc C/O Hands?
Sharon Richardson is the Chairman of Rosewood Apartments Inc C/O Hands.
Official website here: www.hands-erie.org
What is the revenue of Rosewood Apartments Inc C/O Hands?
Rosewood Apartments Inc C/O Hands's revenue in 2023 was $59,453.
Official website here: www.hands-erie.org
Who are the executives of Rosewood Apartments Inc C/O Hands and what are their salaries?
There 14 volunteers at Rosewood Apartments Inc C/O Hands.
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Official website here: www.hands-erie.org
Where can I find the form 990 for Rosewood Apartments Inc C/O Hands?
Rosewood Apartments Inc C/O Hands's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hands-erie.org
Learn more at the official website: www.hands-erie.org
Mission Statement of Rosewood Apartments Inc C/O Hands
Rosewood Apartments Inc C/O Hands, a non-profit organization, is committed to providing and maintaining six affordable homes in a group setting for adults experiencing chronic mental illness. The mission of this organization is to offer attractive and affordable rental housing to individuals who are dealing with mental illness or developmental disabilities. By doing so, Rosewood Apartments Inc C/O Hands aims to provide a safe and supportive living environment for those who may otherwise struggle to secure affordable housing. Through its management agent, Housing and Neighborhood Development Service (HANDS), the organization strives to make a positive difference in the lives of those living with mental illness or developmental disabilities, helping them to maintain stable housing and improve their overall quality of life.
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Impact
June, 2024
Rosewood Apartments Inc C/O Hands has a significant impact on the community by providing and maintaining six affordable homes in a group home setting for adults experiencing chronic mental illness. Through its management agent, Housing and Neighborhood Development Service (HANDS), Rosewood Apartments Inc offers attractive and affordable rental housing to individuals with chronic mental illness or developmental disabilities in Erie, PA. This initiative directly addresses the crucial need for affordable housing options tailored to accommodate the unique challenges faced by this vulnerable population, ensuring they have a safe and supportive living environment.
This information is meant to be a general summary of Rosewood Apartments Inc C/O Hands. 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 2023.
- Investment Income: $540
- Program Service Revenue: $18,424
- Gross Receipts: $59,453
Assets and Liabilities:
- Total Assets: $722,675
- Total Liabilities: $1,029,499
- Net Assets: -$306,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$18,424
Organization Details
Founding Year
2006
Phone
(814) 453-3333Principal Officer
Sharon Richardson
Main Address
7 EAST 7TH STREET, ERIE, PA, 165011105
Website
www.hands-erie.orgNTEE Category
Code: F33 - Mental health
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