Overview
What is Deneki House Inc?
Deneki House Inc, located in Wasilla, Alaska, is a nonprofit organization that focuses on providing housing for low-income individuals with disabilities. Their mission is to operate an eight-unit housing complex that caters specifically to this group. The organization strives to create a supportive environment for these individuals, ensuring their needs are met and they have access to comfortable living spaces. This housing project aims to contribute positively to the well-being and independence of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 72%)
Deneki House Inc has been rated as needing improvement, primarily due to its financial health indicators. While the organization has demonstrated strong accountability and finance practices, scoring a perfect 100% in this area, its liabilities to assets ratio is concerning at 169.96%. This indicates that the organization may have significant financial obligations that exceed its assets, potentially impacting its long-term sustainability.
On the positive side, Deneki House excels in governance aspects, boasting an independent board that fully meets expectations and policies in place for conflict of interest and whistleblower protections, scoring full points in these categories. Additionally, the program expense ratio is solid at 82.59%, suggesting that a large portion of its expenses are directed towards its programs rather than administrative costs.
Despite these strengths, the financial stability indicated by the liabilities to assets ratio raises red flags that stakeholders should consider. Overall, while Deneki House shows promise in governance and program efficiency, the financial concerns may warrant caution for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Deneki House Inc legitimate?
Deneki House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Deneki House 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: $11,909
For more financial information, click here
What is the mission statement of Deneki House Inc?
Deneki House Inc is dedicated to providing housing for individuals with disabilities who have low income. Their mission is to operate an eight-unit housing complex specifically designed for this population. This initiative aims to offer a safe and suitable living environment for these individuals, ensuring they have access to adequate housing. The organization's activities primarily revolve around managing and maintaining this housing project, providing a vital service to those in need.
Who is the CEO of Deneki House Inc?
John Weaver is the Secretary of Deneki House Inc. The CEO's salary of Deneki House Inc is $0 and their total compensation is $0.
What is the revenue of Deneki House Inc?
Deneki House Inc's revenue in 2022 was $71,245.
Who are the executives of Deneki House Inc and what are their salaries?
Here are 9 key members and their salaries (Deneki House Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Deneki House Inc?
Deneki House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Deneki House Inc
Deneki House Inc, a nonprofit organization, is dedicated to serving the needs of low-income disabled individuals. Its mission is to operate an 8-unit housing complex specifically designed for this population. By providing a safe and accessible living space, Deneki House Inc aims to enhance the quality of life for these individuals, enabling them to live independently with dignity and comfort. The organization's focus on low-income disabled individuals is a testament to its commitment to addressing a significant societal need, ensuring that everyone, regardless of their income or abilities, has the opportunity to lead a fulfilling life.
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Impact
August, 2024
Deneki House Inc's impact is providing a vital resource for low-income disabled individuals in Wasilla, AK by operating an 8-unit housing complex specifically designed to meet their needs. Through this initiative, Deneki House Inc is addressing the crucial issue of affordable and accessible housing for this vulnerable population, ultimately improving their quality of life and ensuring they have a safe and supportive place to call home.
This information is meant to be a general summary of Deneki House 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: $45
- Gross Receipts: $71,245
Assets and Liabilities:
- Total Assets: $929,555
- Total Liabilities: $1,579,908
- Net Assets: -$650,353
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Organization Details
Founding Year
2008
Phone
(907) 357-0273Principal Officer
John Weaver
Main Address
1075 CHECK STREET 102, WASILLA, AK, 99654
NTEE Category
Code: L25 - Housing
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