Overview
What is First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza?
First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza is a nonprofit organization situated in Washington, D.C., specifically at 602 N Street NW. Their primary mission is to provide secure and hygienic housing for individuals and families with low income. The corporation aims to house 217 such families, offering them a safe living environment. The organization's main objective is to make a positive impact in the community by ensuring affordable housing for those who require it.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza has received a 79% rating from Charity Navigator, which reflects strong performance in accountability and finance. This score is derived solely from its accountability measures, indicating impressive management of funds and resources. The organization boasts a fully independent board and adheres to best practices with comprehensive policies for conflict of interest and whistleblower protections.
The organization demonstrates a high program expense ratio of 98.26%, indicating that a significant portion of its funds directly supports its programs. Moreover, the financial statements are audited, and there have been no reports of material asset diversions, which further underscores its commitment to financial integrity. These strengths position the organization as a responsible steward of donor funds.
However, a notable concern arises from the liabilities to assets ratio, which stands at 120.16%. This suggests that the organization may have more liabilities than assets, potentially posing financial challenges. While the overall accountability scores are commendable, addressing this area could enhance the organization's long-term sustainability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza legitimate?
First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza 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: $1,203,058
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What is the mission statement of First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza?
The mission of First Rising Mount Zion Baptist Church Housing Corporation's T-A Gibson Plaza is centered around providing housing solutions. Specifically, they aim to offer safe and clean living spaces for individuals and families who fall under the categories of low and moderate income. This organization is dedicated to making a significant impact by providing a total of 217 housing units.
Who is the CEO of First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza?
Harold J Gilliard is the President of First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza.
What is the revenue of First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza?
First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza's revenue in 2022 was $4,455,513.
Who are the executives of First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza?
First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza
First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza is committed to providing secure and hygienic living spaces for individuals and families with modest incomes. Their mission is centered around supplying 217 residences that cater to this demographic, ensuring they have a clean and safe environment to call home. This nonprofit organization is dedicated to making a positive impact in the lives of those in need, offering a place of refuge and stability for low-income families.
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Impact
October, 2024
First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza plays a crucial role in addressing the housing needs of low and moderate-income individuals and families in Washington, DC. By providing 217 units of safe and clean housing, it creates a stable environment for residents, fostering community development and personal growth. The availability of affordable housing contributes to reducing homelessness and housing insecurity in the area.
The organization's focus on maintaining high standards for living conditions enables families to thrive, enhancing their overall well-being. Additionally, this initiative promotes a sense of community and belonging among residents, which can lead to stronger social networks and support systems. By ensuring access to quality housing, First Rising Mount Zion Baptist Church Housing Corporation helps to uplift individuals and families, empowering them to pursue education, employment, and other opportunities. The impact resonates through improved quality of life, economic stability, and a vibrant community in Washington, DC.
This information is meant to be a general summary of First Rising Mount Zion Baptist Church Housing Corporation T-A Gibson Plaza. 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: $1,066
- Program Service Revenue: $4,364,906
- Gross Receipts: $4,455,513
Assets and Liabilities:
- Total Assets: $24,801,964
- Total Liabilities: $29,804,025
- Net Assets: -$5,002,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD & DCHA TENANT ASSI
Revenue
$2,548,280
RENTAL
Revenue
$1,713,608
EXPENSE REIMBURSEMENT
Revenue
$103,018
Organization Details
Founding Year
1972
Phone
(202) 588-5050Principal Officer
Harold J Gilliard
Main Address
602 N STREET NW, WASHINGTON, DC, 20001
NTEE Category
Code: L21 - Housing
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