Overview
What is Dequincy Elderly Housing Corp?
Dequincy Elderly Housing Corp is a nonprofit organization situated in Dequincy, Louisiana, specifically at 301 Coward Road. Their primary mission is to provide affordable housing for elderly individuals and those with disabilities, ensuring they can reside in a safe and supportive environment. With just one employee, the corporation is dedicated to managing and operating its housing facilities, ensuring they meet the specific needs of their elderly and handicapped residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 73%)
Dequincy Elderly Housing Corp has received a rating that indicates a need for improvement, with an overall score of 73%. The organization demonstrates strong governance through its independent board structure, scoring full points for both majority independent board members and board size. They also have a commendable program expense ratio, allocating 94% of their expenses towards programs, which reflects a commitment to their mission.
However, the organization has notable weaknesses that contribute to its low rating. There is a lack of essential policies, such as conflict of interest, whistleblower, and document retention policies, which are critical for transparency and accountability. Additionally, the nonprofit's website is missing from its tax forms, which may hinder public access to important information.
Overall, while Dequincy Elderly Housing Corp shows promise with its governance and program focus, addressing the gaps in policy and transparency would be crucial for improving its standing and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Dequincy Elderly Housing Corp legitimate?
Dequincy Elderly Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dequincy Elderly 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: $31,260
For more financial information, click here
What is the mission statement of Dequincy Elderly Housing Corp?
The mission of Dequincy Elderly Housing Corp, as stated, is centered around providing affordable housing for qualified elderly and handicapped individuals. In more specific terms, the organization aims to own, manage, operate, and offer supportive housing for very low-income households that have at least one elderly person aged 62 or above. This mission is geared towards ensuring these vulnerable individuals have a suitable living space to call home.
What is the revenue of Dequincy Elderly Housing Corp?
Dequincy Elderly Housing Corp's revenue in 2024 was $112,731.
Who are the executives of Dequincy Elderly Housing Corp and what are their salaries?
The average compensation at Dequincy Elderly Housing Corp during 2024 was $31,260. There is 1 employee at Dequincy Elderly Housing Corp.
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Where can I find the form 990 for Dequincy Elderly Housing Corp?
Dequincy Elderly Housing Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Dequincy Elderly Housing Corp
Dequincy Elderly Housing Corp is dedicated to providing affordable housing for eligible elderly and handicapped individuals. Their mission is centered around owning, managing, operating, and offering supportive housing to very low-income households that have at least one resident aged 62 years or older. This organization is committed to making a significant impact in the lives of those in need, ensuring they have a secure and suitable living environment.
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Impact
October, 2024
Dequincy Elderly Housing Corp significantly enhances the quality of life for elderly and handicapped individuals by providing low-rent housing tailored to their needs. By offering affordable living options, the organization alleviates the financial burden often faced by very low-income households with at least one elderly member aged 62 or older.
Operating in Dequincy, Louisiana, the facility creates a supportive community that fosters independence while ensuring that residents have access to necessary resources. This housing initiative not only addresses the crucial need for affordable accommodations but also contributes to the overall well-being of the elderly population, allowing them to maintain dignity and stability in their lives. Through its dedicated management and operations, Dequincy Elderly Housing Corp plays a vital role in promoting safe, affordable living environments for its residents.
This information is meant to be a general summary of Dequincy Elderly 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 2024.
- Investment Income: $84
- Program Service Revenue: $112,647
- Gross Receipts: $112,731
Assets and Liabilities:
- Total Assets: $750,057
- Total Liabilities: $167,756
- Net Assets: $582,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF ELDERLY HOUSING
Revenue
$112,647
Organization Details
Founding Year
2007
Principal Officer
Tommy Little
NTEE Category
Code: L22 - Housing
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