Overview
What is Del-Mor Dwellings Corp?
Del-Mor Dwellings Corp is a nonprofit organization situated in Delaware, Ohio. Their primary mission revolves around providing long-term, subsidized housing to individuals who have been chronically disabled by severe mental illness. This support aims to improve their quality of life, offering rent assistance and a stable living environment. With a dedicated team of 20 employees, Del-Mor Dwellings Corp is committed to making a positive impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Del-Mor Dwellings Corp has earned a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and finance management. The organization scored 88% overall, reflecting its commitment to transparency and effective governance. Notably, it received full marks in several key areas, such as having a majority of independent board members and maintaining an audit and oversight committee.
The organization demonstrates robust financial stability, with a program expense ratio of 73.09% and a working capital ratio of 2.41 years. These metrics suggest that Del-Mor is effectively allocating its resources towards its programs while maintaining sufficient reserves for future operations. Additionally, its strong fundraising efficiency ratio indicates a well-managed approach to generating financial support.
However, there are minor areas for improvement, specifically concerning the liabilities to assets ratio, which stands at 44.68%. While still within an acceptable range, this figure may indicate some reliance on debt. Overall, Del-Mor Dwellings Corp appears to be a well-managed nonprofit with a focus on fiscal responsibility and accountability, making it a potentially reliable choice for donors looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Del-Mor Dwellings Corp legitimate?
Del-Mor Dwellings Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Del-Mor Dwellings 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: $747,288
For more financial information, click here
What is the mission statement of Del-Mor Dwellings Corp?
Del-Mor Dwellings Corp's mission revolves around offering permanent, subsidized housing to individuals who are chronically disabled due to severe mental illness. They aim to provide a supportive living environment, helping these individuals to manage their condition more effectively. Their primary activity is to offer rent-assisted housing, ensuring that individuals with severe persistent disabling mental illness have a stable living situation. This organization's mission is centered around promoting independence and quality of life for those affected, while also offering the necessary support they require.
Who is the CEO of Del-Mor Dwellings Corp?
Jim Wilson is the Executive Director of Del-Mor Dwellings Corp.
What is the revenue of Del-Mor Dwellings Corp?
Del-Mor Dwellings Corp's revenue in 2022 was $2,061,877.
Who are the executives of Del-Mor Dwellings Corp and what are their salaries?
The average compensation at Del-Mor Dwellings Corp during 2022 was $37,364. There are 20 employees at Del-Mor Dwellings Corp.
Here are 10 key members and their salaries:
- Compensation: $108,809
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- Other: $24,947
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- Other: $0
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- Other: $0
Where can I find the form 990 for Del-Mor Dwellings Corp?
Del-Mor Dwellings Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Del-Mor Dwellings Corp
Del-Mor Dwellings Corp is an organization that is committed to providing permanent supportive housing to individuals who are living with severe persistent disabling mental illness. This mission is carried out by offering rent-assisted subsidized housing to these individuals, aiming to provide them with a stable living environment. The organization's goal is to help these chronically disabled individuals overcome their mental illness and lead more fulfilling lives. By offering this type of housing, Del-Mor Dwellings Corp aims to provide a sense of security and stability, which can be crucial in the recovery process for individuals living with severe mental illness. The organization's mission is to make a positive impact on the lives of these individuals, helping them to overcome the challenges that come with their illness and leading to improved overall well-being.
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Impact
October, 2024
Del-Mor Dwellings Corp significantly impacts the community by providing rent-assisted permanent supportive housing specifically for individuals living with severe persistent mental illnesses. This initiative addresses a critical need for stable housing among those who are chronically disabled, enabling them to achieve greater stability and independence.
By offering subsidized housing, Del-Mor Dwellings Corp alleviates the financial burden on these individuals, allowing them to focus on their health and well-being without the constant stress of housing insecurity. This support not only improves their quality of life but also fosters a sense of community and belonging. The organization's efforts contribute to a broader understanding of mental health issues, reducing stigma and promoting inclusivity in society.
Ultimately, Del-Mor Dwellings Corp plays a vital role in enhancing the lives of vulnerable populations, improving mental health outcomes, and strengthening the overall fabric of the Delaware, OH community.
This information is meant to be a general summary of Del-Mor Dwellings 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 2022.
- Investment Income: $95,807
- Program Service Revenue: $31,975
- Gross Receipts: $2,096,416
Assets and Liabilities:
- Total Assets: $6,979,642
- Total Liabilities: $3,487,359
- Net Assets: $3,492,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fees
Revenue
$31,975
Organization Details
Founding Year
1990
Principal Officer
Jim Wilson
Main Address
PO Box 1495, Delaware, OH, 43015
NTEE Category
Code: P70 - Human services
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