Overview
What is Waterford Dublin Development Inc?
Waterford Dublin Development Inc is a nonprofit organization, established in Georgia, specifically in Smyrna, with a postal address at 2730 Cumberland Boulevard. Their primary mission is to provide affordable housing for low-income individuals, operating a 56-unit rental facility known as Waterford Estates in Dublin, Georgia. The organization's activities revolve around acquiring, constructing, owning, and managing this residential property, ensuring it serves as a home for those in need of self-sufficiency support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating).
Waterford Dublin Development Inc has achieved a remarkable rating, reflecting its strong commitment to accountability and finance. With a perfect score in almost all evaluated areas, the organization demonstrates robust governance through an entirely independent board and comprehensive financial management practices, which are crucial for fostering donor trust.
The organization excels particularly in its program expense ratio, with nearly 99% of its expenses allocated directly to its programs. This indicates a highly efficient use of funds towards fulfilling its mission, ensuring that the majority of resources benefit the intended beneficiaries rather than administrative costs.
While the data presents a favorable view of the nonprofit's financial health and governance, it is essential for potential donors and stakeholders to continually monitor any changes or updates in their operational practices. Overall, Waterford Dublin Development Inc stands out as a responsible and effective nonprofit organization committed to transparency and the effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Waterford Dublin Development Inc legitimate?
Waterford Dublin Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterford Dublin Development Inc 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: $147,063
For more financial information, click here
What is the mission statement of Waterford Dublin Development Inc?
Waterford Dublin Development Inc's mission is centered around acquiring, constructing, owning, and operating a 56-unit rental housing facility for low-income residents, known as Waterford Estates. This initiative is located in Dublin, Georgia. Their primary goal is to provide affordable housing for self-sufficient individuals who fall under the low-income category. The organization is actively involved in the operation of this residential facility.
Who is the CEO of Waterford Dublin Development Inc?
Mark Du Mas is the President of Waterford Dublin Development Inc.
What is the revenue of Waterford Dublin Development Inc?
Waterford Dublin Development Inc's revenue in 2022 was $521,155.
Who are the executives of Waterford Dublin Development Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Waterford Dublin Development Inc?
Waterford Dublin Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waterford Dublin Development Inc
Waterford Dublin Development Inc, as a nonprofit organization, is dedicated to acquiring, constructing, owning, and operating a 56-unit rental housing facility for low-income residents. This housing facility, known as Waterford Estates, is situated in Dublin, Georgia. The mission of Waterford Dublin Development Inc is to provide self-sufficient low-income residents with a place to call home. By owning and operating this rental facility, the organization strives to make a positive impact in the lives of those in need, offering them a secure and affordable living space.
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Impact
July, 2024
Waterford Dublin Development Inc's impact lies in providing crucial affordable housing options for low-income residents in Dublin, Georgia. By owning and operating a 56-unit rental facility known as Waterford Estates, the organization is directly addressing the pressing need for accessible housing in the community. Through their mission to create a stable and supportive living environment for self-sufficient low-income individuals, Waterford Dublin Development Inc is contributing significantly to improving the quality of life and promoting housing stability for those in need. Their work aligns with the essential goal of ensuring that all individuals have a safe and affordable place to call home.
This information is meant to be a general summary of Waterford Dublin Development Inc. 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: $3,472
- Program Service Revenue: $517,683
- Gross Receipts: $521,155
Assets and Liabilities:
- Total Assets: $7,437,177
- Total Liabilities: $1,286,020
- Net Assets: $6,151,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$517,683
Organization Details
Founding Year
2009
Phone
(770) 431-9696Principal Officer
Mark Du Mas
Main Address
2730 CUMBERLAND BOULEVARD, SMYRNA, GA, 30080
NTEE Category
Code: L20 - Housing
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