Overview
What is Excel Development Company Inc?
Excel Development Company Inc, based in Cincinnati, Ohio, is a nonprofit organization committed to supporting individuals with severe mental illnesses and their families. Through two permanent supportive housing programs, they offer rental subsidies and housing assistance to over 1,100 clients, enabling them to reside independently in suitable living situations. The company's mission is to provide affordable housing that meets the residential needs of qualified individuals, ensuring their well-being and independence. With a team of 34 employees, Excel Development Company Inc plays an essential role in improving the lives of those in need.
Official website here: www.exceldev.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)**
Excel Development Company Inc has achieved an impressive Four-Star rating from Charity Navigator, which reflects its strong performance in accountability and financial health. This rating indicates that the organization demonstrates exemplary financial efficiency and sustainability, with a commitment to governance practices. Notably, the organization garners a perfect score for having an entirely independent board and extensive internal policies, reinforcing its trustworthiness and ethical standards.
The charity's financial performance is highlighted by a high program expense ratio of 91.20%, suggesting that a significant portion of its expenses goes directly toward its stated programs. Additionally, the organization is recognized for its open and accessible financial information, further enhancing its credibility among donors and stakeholders. However, some metrics, like impact measurement and leadership adaptability, have not currently been scored, indicating areas where further information could enhance understanding of the organization's overall effectiveness.
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This AI summary has been generated from information found on Charity Navigator.
Is Excel Development Company Inc legitimate?
Excel Development Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Excel Development Company 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: $462,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,648,093
For more financial information, click here
Official website here: www.exceldev.org
What is the mission statement of Excel Development Company Inc?
Excel Development Company Inc's mission is centered around providing affordable housing that caters to the residential needs of qualified individuals. This organization supports individuals with severe mental illness and their families, offering rental subsidies and housing assistance in over 1,100 apartments. Through two different permanent supportive housing programs, Excel Development Company Inc helps their clients secure and maintain suitable independent living situations, providing necessary support to facilitate their independence.
Official website here: www.exceldev.org
Who is the CEO of Excel Development Company Inc?
Deborah Avery is the Chairperson of Excel Development Company Inc. The CEO's salary of Excel Development Company Inc is $158,725 and their total compensation is $158,725.
Official website here: www.exceldev.org
What is the revenue of Excel Development Company Inc?
Excel Development Company Inc's revenue in 2022 was $9,197,757.
Official website here: www.exceldev.org
Who are the executives of Excel Development Company Inc and what are their salaries?
The average compensation at Excel Development Company Inc during 2022 was $62,091. There are 34 employees and 9 volunteers at Excel Development Company Inc.
Here are 12 key members and their salaries (Excel Development Company Inc's CEO's salary is $158,725 and their total compensation is $158,725):
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- Compensation: $151,251
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Official website here: www.exceldev.org
Where can I find the form 990 for Excel Development Company Inc?
Excel Development Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.exceldev.org
Learn more at the official website: www.exceldev.org
Mission Statement of Excel Development Company Inc
Excel Development Company Inc, a dedicated organization, is committed to fulfilling the residential needs of qualified individuals in an affordable manner. At its core, the mission of this nonprofit is to provide housing solutions that cater to the unique requirements of its clients, ensuring their accommodation needs are met satisfactorily. Through its strategic initiatives, Excel Development Company Inc offers rental subsidies and housing support in two distinct permanent supportive housing programs. These programs aim to provide the necessary assistance for clients to secure and maintain suitable independent living situations. By offering this vital support, the organization plays a significant role in helping individuals and their families navigate their daily lives, ultimately contributing to their overall well-being and independence.
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Impact
October, 2024
Excel Development Company Inc significantly contributes to addressing the housing needs of severely mentally ill individuals and their families in Cincinnati, Ohio. By managing over 1,100 apartments, the organization offers rental subsidies and housing support through two dedicated permanent supportive housing programs. This comprehensive approach not only facilitates access to affordable housing but also ensures that clients receive the necessary assistance to achieve and maintain stable, independent living situations.
The impact of Excel Development Company extends beyond just the provision of housing; it fosters a sense of community, stability, and security for vulnerable populations. By supporting individuals in navigating their residential needs, the organization plays a crucial role in enhancing their quality of life and promoting their overall well-being. The dedication of Excel Development Company Inc to creating sustainable living environments strengthens the fabric of the community, allowing individuals to thrive and integrate more fully into society.
This information is meant to be a general summary of Excel Development Company 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: $92,134
- Program Service Revenue: $2,398,924
- Gross Receipts: $10,123,336
Assets and Liabilities:
- Total Assets: $13,448,858
- Total Liabilities: $2,619,094
- Net Assets: $10,829,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,361,856
PROPERTY MANAGEMENT FE
Revenue
$37,068
Organization Details
Founding Year
1988
Phone
(513) 632-7149Principal Officer
Deborah Avery
Main Address
2403 AUBURN AVE, CINCINNATI, OH, 45219
Website
www.exceldev.orgNTEE Category
Code: L200 - Housing
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