Overview
What is Waterbury First Church Housing Inc C/O Robin Ridge Apartments?
Waterbury First Church Housing Inc, operating under the Robin Ridge Apartments, is a nonprofit organization situated in Waterbury, Connecticut. It primarily focuses on providing housing solutions for low and moderate-income individuals, with a total of 145 units available. The organization's mission is to cater to the needs of the elderly, offering housing and related facilities and services designed to enhance their physical, social, and psychological well-being. This commitment extends beyond just housing, aiming to contribute positively to their health, security, happiness, and overall usefulness in their longer lives. The organization employs a team of four dedicated individuals to carry out its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Waterbury First Church Housing Inc, operating as Robin Ridge Apartments, has received a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization scored 90% overall, reflecting its effective financial management and transparency. This rating shows that the charity has met high standards in various financial practices, including oversight and independent board governance.
One of the key strengths of Waterbury First Church Housing Inc is its fully independent board, which consists of ten members, ensuring that decision-making processes are free from conflicts of interest. The organization also demonstrates responsible financial practices with a low liabilities-to-assets ratio of 20.94%, indicating a solid financial foundation. The program expense ratio of 89.92% further highlights its focus on allocating resources effectively toward its mission.
While the data reflects strong financial health and governance, it is essential for potential supporters and stakeholders to consider the broader impact of its programs and services. Although financial metrics are solid, understanding the qualitative aspects of the organization's work can provide a more comprehensive picture of its effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Waterbury First Church Housing Inc C/O Robin Ridge Apartments legitimate?
Waterbury First Church Housing Inc C/O Robin Ridge Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterbury First Church Housing Inc C/O Robin Ridge Apartments 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: $184,954
For more financial information, click here
What is the mission statement of Waterbury First Church Housing Inc C/O Robin Ridge Apartments?
Waterbury First Church Housing Inc, operating Robin Ridge Apartments, is committed to providing elderly families and individuals with suitable housing and related services. Their mission is to cater to the physical, social, and psychological needs of the elderly on a non-profit basis, ensuring their health, security, happiness, and usefulness in longer living. The housing project, comprising 145 units, is designed specifically to meet the unique needs of this age group, contributing to their overall well-being.
Who is the CEO of Waterbury First Church Housing Inc C/O Robin Ridge Apartments?
Cherrie Gillis is the President of Waterbury First Church Housing Inc C/O Robin Ridge Apartments.
What is the revenue of Waterbury First Church Housing Inc C/O Robin Ridge Apartments?
Waterbury First Church Housing Inc C/O Robin Ridge Apartments's revenue in 2022 was $1,150,696.
Who are the executives of Waterbury First Church Housing Inc C/O Robin Ridge Apartments and what are their salaries?
The average compensation at Waterbury First Church Housing Inc C/O Robin Ridge Apartments during 2022 was $46,238. There are 4 employees at Waterbury First Church Housing Inc C/O Robin Ridge Apartments.
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Where can I find the form 990 for Waterbury First Church Housing Inc C/O Robin Ridge Apartments?
Waterbury First Church Housing Inc C/O Robin Ridge Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waterbury First Church Housing Inc C/O Robin Ridge Apartments
Waterbury First Church Housing Inc C/O Robin Ridge Apartments is a non-profit organization with a mission to cater to the needs of elderly families and individuals. Their primary objective is to provide rental housing and related facilities and services specifically designed to address the physical, social, and psychological needs of the elderly. This organization operates on a non-profit basis, aiming to contribute to the health, security, happiness, and usefulness of the elderly, enabling them to live longer, more fulfilling lives.
The mission of Waterbury First Church Housing Inc C/O Robin Ridge Apartments is evident in their rental program, which offers housing to low and moderate-income individuals. Their housing project, which comprises 145 units, is a testament to their commitment to supporting elderly families and individuals. By providing safe and comfortable living spaces, as well as related facilities and services, this organization seeks to enhance the well-being of the elderly, ensuring they can live with dignity and independence. The mission of Waterbury First Church Housing Inc C/O Robin Ridge Apartments is a vital contribution to the community, providing a much-needed service to an often overlooked demographic.
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Impact
October, 2024
Waterbury First Church Housing Inc C/O Robin Ridge Apartments significantly impacts the community by providing affordable rental housing specifically designed for elderly families and individuals. With 145 units, the facility aims to meet the diverse physical, social, and psychological needs of older adults, ensuring their health, security, and overall happiness.
The presence of such a housing project serves as a crucial resource for low and moderate-income individuals, helping to alleviate the challenges faced by elderly residents in finding suitable living arrangements. By offering a supportive environment, it fosters a sense of community and belonging, which is vital for enhancing the quality of life for seniors.
The focus on related facilities and services further emphasizes the commitment to a holistic approach, addressing not just housing but the overall well-being of the elderly population. This initiative not only helps individuals maintain their independence but also promotes a fulfilling and enriching lifestyle, ultimately contributing to their longer and more satisfying lives.
This information is meant to be a general summary of Waterbury First Church Housing Inc C/O Robin Ridge Apartments. 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: $5,015
- Program Service Revenue: $982,445
- Gross Receipts: $1,201,807
Assets and Liabilities:
- Total Assets: $2,589,980
- Total Liabilities: $542,546
- Net Assets: $2,047,434
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$962,440
SERVICE CHARGES
Revenue
$20,005
Organization Details
Founding Year
1969
Phone
(203) 753-9818Principal Officer
Cherrie Gillis
Main Address
990 WEST MAIN ST, WATERBURY, CT, 06708
NTEE Category
Code: L200 - Housing
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