Overview
What is 2301 N Charles St Inc?
2301 N Charles St Inc is a nonprofit organization situated in Baltimore, Maryland, specifically at 2918 B Glenmore Ave. Their primary focus is on the development of rental housing for individuals who fall under the categories of disabled and low income. This initiative aims to provide suitable housing solutions for these groups, promoting inclusivity and equality in the community. The organization's mission is deeply rooted in the belief that everyone deserves a safe and comfortable living space, regardless of their income or disability status.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
2301 N Charles St Inc has earned an 84% score, reflecting a strong emphasis on accountability and finance, which is the sole factor in their rating. The organization boasts a high percentage of independent board members and has effectively maintained a conflict of interest policy, along with comprehensive whistleblower and document retention policies, indicating a commitment to ethical governance.
The charity's financial health appears solid, with a low liabilities to assets ratio of 12.27% and a program expense ratio of 73.43%, suggesting that a significant portion of its funding is directed toward its programs rather than administrative costs. This financial transparency and responsibility are crucial for donor confidence and long-term sustainability.
However, while the overall score is commendable, it is important to recognize that it is derived solely from the Accountability & Finance category, indicating a lack of evaluation in other areas like impact or capacity. Donors interested in the effectiveness of programs might want to seek additional information beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is 2301 N Charles St Inc legitimate?
2301 N Charles St Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2301 N Charles St 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: $10,000
For more financial information, click here
What is the mission statement of 2301 N Charles St Inc?
2301 N Charles St Inc is committed to the development of rental housing for individuals with disabilities and those with low income. Their mission is centered around providing suitable living spaces for this specific group of individuals, aiming to make housing more accessible and affordable for them. This organization's activities primarily focus on creating and managing rental properties, ensuring that those in need have a place to call home. By doing so, they contribute to enhancing the lives of these individuals and helping them maintain independence and dignity.
Who is the CEO of 2301 N Charles St Inc?
Nico Sanders is the President of 2301 N Charles St Inc.
What is the revenue of 2301 N Charles St Inc?
2301 N Charles St Inc's revenue in 2022 was $44,297.
Who are the executives of 2301 N Charles St Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $217,909
- Other: $30,400
- Compensation: $0
- Related: $59,308
- Other: $11,519
- Compensation: $0
- Related: $53,968
- Other: $10,119
- Compensation: $0
- Related: $40,385
- Other: $1,165
Where can I find the form 990 for 2301 N Charles St Inc?
2301 N Charles St Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 2301 N Charles St Inc
2301 N Charles St Inc is a dedicated organization that focuses on the development of rental housing for individuals who are disabled and fall under the low-income category. Their mission, in essence, is to create and provide suitable living spaces for these individuals, ensuring they have access to housing that caters to their unique needs. This commitment to affordable and accessible housing allows these individuals to live with dignity and independence.
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Impact
August, 2024
2301 N Charles St Inc's impact is focused on developing rental housing for disabled and low-income individuals in Baltimore, Maryland. This initiative aims to address the critical need for affordable and accessible housing options for vulnerable populations. By providing housing solutions tailored to the specific needs of disabled and low-income individuals, 2301 N Charles St Inc contributes to promoting stability, inclusivity, and overall well-being in the community. This organization's work is essential in combating housing insecurity and ensuring that everyone has a safe and affordable place to call home.
This information is meant to be a general summary of 2301 N Charles St 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: $10
- Program Service Revenue: $43,301
- Gross Receipts: $44,297
Assets and Liabilities:
- Total Assets: $1,058,560
- Total Liabilities: $80,074
- Net Assets: $978,486
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECTION 8 SUBSIDY
Revenue
$72,980
TENANT RENTS
Revenue
$7,071
VACANCY LOSS
Revenue
-$36,750
Organization Details
Founding Year
2009
Phone
(410) 545-4429Principal Officer
Nico Sanders
Main Address
2918 B GLENMORE AVE, BALTIMORE, MD, 21214
NTEE Category
Code: L21 - Housing
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