Overview
What is Watts Community Housing Corp?
Watts Community Housing Corp is a nonprofit organization committed to offering affordable housing solutions for low-income residents. It achieves this objective through its housing rehabilitation programs, ensuring the provision of suitable living spaces for those in need. The corporation's mission centers around this nonprofit housing provision, enhancing the living standards of its community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (52%)
Watts Community Housing Corp has received a low rating of 52%, which indicates significant issues within its accountability and finance practices. The rating is based entirely on a single beacon score, highlighting concerns primarily in governance and transparency. The organization does not have any independent board members, which raises questions about its oversight and decision-making processes.
While the nonprofit shows a strong program expense ratio of 100%, meaning all expenses are directed toward its programs, it exhibits several critical weaknesses. Key policies such as a conflict of interest policy and a whistleblower policy are missing, which are essential for ensuring ethical governance. Additionally, the absence of a public-facing website and transparency regarding financial documents further undermines trust in its operations.
Overall, the lack of independent oversight and essential governance policies, combined with a high liabilities to assets ratio of 116.39%, point to the need for significant improvements in Watts Community Housing Corp's management and financial practices to build credibility and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Watts Community Housing Corp legitimate?
Watts Community Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watts Community Housing Corp 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: $38,602
For more financial information, click here
What is the mission statement of Watts Community Housing Corp?
Watts Community Housing Corp, as a non-profit organization, is committed to offering housing solutions for individuals with limited income. Through their housing rehabilitation programs, they aim to provide suitable living spaces for these individuals. The corporation's mission is centered around enhancing the living conditions of low-income residents, ensuring they have access to decent and affordable housing. This is achieved by undertaking necessary renovations and improvements to existing properties, thereby making a positive impact on the community.
Who is the CEO of Watts Community Housing Corp?
Norman Woods is the President of Watts Community Housing Corp.
What is the revenue of Watts Community Housing Corp?
Watts Community Housing Corp's revenue in 2022 was $581,885.
Who are the executives of Watts Community Housing Corp and what are their salaries?
The average compensation at Watts Community Housing Corp during 2022 was $38,602. There is 1 employee at Watts Community Housing Corp.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Watts Community Housing Corp?
Watts Community Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Watts Community Housing Corp
Watts Community Housing Corporation, a non-profit organization, is dedicated to providing affordable housing solutions for low-income residents. Through its housing rehabilitation programs, the corporation strives to enhance living conditions and contribute to the betterment of vulnerable communities. By offering non-profit housing, Watts Community Housing Corporation aims to create a stable living environment for individuals who may otherwise struggle to secure suitable housing due to financial constraints. The corporation's mission is to make a meaningful difference in people's lives by providing them with safe and comfortable living spaces.
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Impact
July, 2024
Watts Community Housing Corp's impact is providing essential housing opportunities for low income residents in Los Angeles. Through its housing rehabilitation programs, the organization ensures that individuals and families have access to safe and affordable housing, helping to alleviate the burden of homelessness and housing insecurity in the community. By focusing on housing as a fundamental need, Watts Community Housing Corp contributes to improving the quality of life and stability for those who are most vulnerable in society.
This information is meant to be a general summary of Watts Community Housing Corp. 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.
- Gross Receipts: $581,885
Assets and Liabilities:
- Total Assets: $2,339,375
- Total Liabilities: $2,722,805
- Net Assets: -$383,430
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Organization Details
Founding Year
1976
Principal Officer
Norman Woods
Main Address
1724 EAST CENTURY BLVD, LOS ANGELES, CA, 90002
NTEE Category
Code: L22 - Housing
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