Overview
What is 17th Avenue Redi?
17th Avenue Redi is a nonprofit organization situated in the Denver, Colorado area. Their primary mission is to provide housing for individuals who struggle with chronic mental illness and have low income. By offering suitable living spaces, this organization seeks to contribute positively to the local community, specifically focusing on this vulnerable group of tenants. Their activities are centered around this mission, aiming to make a meaningful impact on the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
17th Avenue Redi has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, with an overall score of 75%. This rating reflects a strong commitment to governance practices, as evidenced by the charity's independent board composition, which received a perfect score, and its effective financial oversight mechanisms.
The organization's financial health is highlighted by its high program expense ratio of 81.78%, demonstrating that a significant portion of its expenses is directed toward its programs. However, the charity faces challenges with its liabilities to assets ratio, which is reported at 171.88%, indicating potential financial risk that can affect its operational sustainability.
Overall, while 17th Avenue Redi shows strengths in transparency and program funding, the high liabilities may be a concern for current and potential supporters. Continued focus on financial stability will be essential for maintaining its positive impact and reputation within the community.
This AI summary has been generated from information found on Charity Navigator.
Is 17th Avenue Redi legitimate?
17th Avenue Redi is a legitimate nonprofit organization registered as a 501(c)(3) entity. 17th Avenue Redi 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: $75,123
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What is the mission statement of 17th Avenue Redi?
The organization, referred to as 17th Avenue Redi, is dedicated to providing housing for individuals who struggle with chronic mental illness and have low income. Their mission is centered around offering a safe and supportive living environment, ensuring these individuals have a place to call home. By offering housing, the organization aims to contribute positively to their tenants' well-being and improve their overall quality of life. Additionally, the organization may provide resources or support services to help these individuals manage their mental health and navigate their daily lives more effectively.
Who is the CEO of 17th Avenue Redi?
David G Murphy is the President of 17th Avenue Redi.
What is the revenue of 17th Avenue Redi?
17th Avenue Redi's revenue in 2023 was $506,504.
Who are the executives of 17th Avenue Redi and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for 17th Avenue Redi?
17th Avenue Redi's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 17th Avenue Redi
17th Avenue Redi, a nonprofit organization, is committed to providing housing for individuals who are chronically mentally ill and have low income, serving the community in the Denver area. At its core, the organization's mission is to offer a safe and supportive living environment for these individuals, enabling them to lead more stable and fulfilling lives. By offering housing, 17th Avenue Redi plays a crucial role in ensuring that vulnerable individuals have access to the basic necessities they need to thrive. Through its housing services, the organization provides a much-needed resource for those who may otherwise struggle to find suitable accommodations due to their mental health conditions and limited income. In doing so, 17th Avenue Redi helps to foster a more inclusive and supportive community, where everyone has the opportunity to lead a fulfilling life, regardless of their circumstances.
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Impact
July, 2024
The impact of 17th Avenue Redi is primarily focused on providing housing for chronically mentally ill and low-income tenants in the Denver, CO area. Through its mission of offering stable and supportive housing, 17th Avenue Redi plays a crucial role in addressing the housing needs of vulnerable populations in the community. By offering a safe and secure living environment, the organization positively impacts the lives of individuals struggling with mental illness and financial challenges, helping them access essential housing services and support. Overall, 17th Avenue Redi's work contributes to enhancing the overall well-being and stability of its tenants, promoting social inclusion and a sense of belonging within the community.
This information is meant to be a general summary of 17th Avenue Redi. 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 2023.
- Investment Income: $22
- Program Service Revenue: $117,144
- Gross Receipts: $506,504
Assets and Liabilities:
- Total Assets: $1,381,570
- Total Liabilities: $2,374,677
- Net Assets: -$993,107
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE INCOME
Revenue
$117,144
Organization Details
Founding Year
2002
Phone
(303) 860-4885Principal Officer
David G Murphy
Main Address
1900 GRANT STREET 540, DENVER, CO, 80203
NTEE Category
Code: L21 - Housing
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