Overview
What is Ridge Point Non-Profit Housing Corporation?
Ridge Point Non-Profit Housing Corporation, situated in San Francisco, California, is an organization dedicated to providing affordable housing solutions for low-income households in the broader San Francisco Bay Area. They accomplish this mission through their affiliated non-profits, including Robinson Affordable Housing, Inc., Ridgeview Terrace Affordable Housing, Inc., and Hunters Point Affordable Housing, Inc. The corporation offers development services and project management to these projects, ensuring the availability of affordable housing options for the community. With a small team of dedicated individuals, Ridge Point Non-Profit Housing Corporation remains committed to making a significant impact on housing affordability in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Ridge Point Non-Profit Housing Corporation has achieved an impressive 94% score, reflecting a strong commitment to accountability and financial health. The charity's high rating is derived solely from its excellent performance in the Accountability & Finance category, highlighting its effective governance and transparency practices. Notably, the organization boasts a fully independent board, with all ten members meeting the criteria, which enhances its credibility and decision-making processes.
The organization demonstrates responsible financial management, as evidenced by a low liabilities-to-assets ratio of 15.96% and a program expense ratio of 77.18%. These figures indicate that a significant portion of its resources is directed towards its programs, ensuring that funds are utilized effectively to fulfill its mission. Additionally, Ridge Point has established a variety of policies, including conflict of interest and whistleblower policies, which further bolster its operational integrity.
While the data showcases many strengths, potential donors and stakeholders should consider the overall impact and reach of the organization's programs, as the rating does not provide insights into specific outcomes or community feedback. However, the solid governance and financial oversight suggest that Ridge Point Non-Profit Housing Corporation is a trustworthy choice for those looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Ridge Point Non-Profit Housing Corporation legitimate?
Ridge Point Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridge Point Non-Profit 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: $195,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ridge Point Non-Profit Housing Corporation?
Ridge Point Non-Profit Housing Corporation is committed to providing affordable housing solutions for low-income households. This mission is carried out through its affiliated non-profit entities, including Robinson Affordable Housing, Inc., Ridgeview Terrace Affordable Housing, Inc., and Hunters Point Affordable Housing, Inc. The organization offers development services and project management to these initiatives, ensuring the availability of affordable housing options within the Greater San Francisco Bay Area.
Who is the CEO of Ridge Point Non-Profit Housing Corporation?
Regina Coleman is the Ceo/President of Ridge Point Non-Profit Housing Corporation. The CEO's salary of Ridge Point Non-Profit Housing Corporation is $69,583 and their total compensation is $71,841.
What is the revenue of Ridge Point Non-Profit Housing Corporation?
Ridge Point Non-Profit Housing Corporation's revenue in 2022 was $189,747.
Who are the executives of Ridge Point Non-Profit Housing Corporation and what are their salaries?
The average compensation at Ridge Point Non-Profit Housing Corporation during 2022 was $195,060. There is 1 employee and 5 volunteers at Ridge Point Non-Profit Housing Corporation.
Here are 7 key members and their salaries (Ridge Point Non-Profit Housing Corporation's CEO's salary is $69,583 and their total compensation is $71,841):
- Compensation: $2,150
- Related: $0
- Other: $0
- Compensation: $2,150
- Related: $0
- Other: $0
- Compensation: $2,150
- Related: $0
- Other: $0
- Compensation: $2,150
- Related: $0
- Other: $0
- Compensation: $2,150
- Related: $0
- Other: $0
- Compensation: $69,583
- Related: $0
- Other: $2,258
- Compensation: $112,468
- Related: $0
- Other: $0
Where can I find the form 990 for Ridge Point Non-Profit Housing Corporation?
Ridge Point Non-Profit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ridge Point Non-Profit Housing Corporation
Ridge Point Non-Profit Housing Corporation, as its name suggests, is dedicated to providing affordable housing solutions for low-income households in the broader San Francisco Bay Area. This mission is carried out through the organization's affiliated non-profits, including Robinson Affordable Housing, Inc., Ridgeview Terrace Affordable Housing, Inc., and Hunters Point Affordable Housing, Inc. By offering development services and project management, Ridge Point Non-Profit Housing Corporation plays a crucial role in bringing affordable housing options to the communities that need them most. The organization's work is essential in addressing the housing needs of low-income households, ensuring that everyone in the San Francisco Bay Area has access to safe and affordable living spaces.
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Impact
October, 2024
Ridge Point Non-Profit Housing Corporation significantly impacts the Greater San Francisco Bay Area by providing affordable housing solutions to low-income households. By developing and managing housing projects through its affiliates—Robinson Affordable Housing, Inc., Ridgeview Terrace Affordable Housing, Inc., and Hunters Point Affordable Housing, Inc.—the organization plays a crucial role in reducing homelessness and housing insecurity in a region known for its high cost of living.
The organization's efforts contribute to creating stable communities where families can thrive. Access to affordable housing allows residents to allocate their limited resources toward essential needs such as education, healthcare, and employment. This fosters economic mobility and supports the well-being of individuals and families within the area.
In addition to addressing immediate housing needs, Ridge Point’s development services and project management ensure that these housing initiatives are sustainable and well-maintained, further enhancing their long-term impact on community stability and quality of life. By prioritizing affordable housing in San Francisco, Ridge Point actively combats the challenges posed by rising rental costs and contributes to a more inclusive and equitable society.
This information is meant to be a general summary of Ridge Point Non-Profit 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: $12,947
- Program Service Revenue: $176,800
- Gross Receipts: $189,747
Assets and Liabilities:
- Total Assets: $9,468,550
- Total Liabilities: $1,511,963
- Net Assets: $7,956,587
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT ACTIVITY
Revenue
$170,891
SOCIAL SERVICES FEE
Revenue
$59,655
PROJECT ADMINISTRATION
Revenue
$50,726
PARTNERSHIP MGMT FEE
Revenue
$20,159
EQUITY IN 1340 HUDSON
Revenue
-$124,631
Organization Details
Founding Year
1968
Phone
(415) 821-7440Principal Officer
Regina Coleman
Main Address
140 CASHMERE STREET, SAN FRANCISCO, CA, 94124
NTEE Category
Code: L21 - Housing
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