Overview
What is First Richland-Morrow Housing Inc V?
First Richland-Morrow Housing Inc V is a public housing organization situated in Columbus, Ohio. Their primary mission is to offer subsidized housing opportunities for elderly individuals with limited income. As a public housing facility, they are dedicated to providing a residence for this specific demographic, ensuring they can maintain a decent living standard. Mount Gilead Manor, their specific project, falls under this mission, offering HUD-subsidized accommodation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
First Richland-Morrow Housing Inc V has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. While the organization has demonstrated strengths in its board independence and material handling of assets, the overall score suggests that there are serious areas needing improvement, particularly in governance and transparency.
Strengths include a perfect score in program expense ratio, reflecting that a substantial portion of its expenditures is allocated towards its mission-related activities, which is a positive indicator for donors. However, the charity faces critical weaknesses, such as a high liabilities to assets ratio, which raises concerns about its financial stability. Additionally, the absence of key policies, including conflict of interest and whistleblower protections, highlights potential governance issues.
The lack of transparency, indicated by missing tax forms on the nonprofit's website, further detracts from its credibility. To enhance its rating and ensure donor confidence, First Richland-Morrow Housing Inc V will need to address these governance deficiencies and improve its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is First Richland-Morrow Housing Inc V legitimate?
First Richland-Morrow Housing Inc V is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Richland-Morrow Housing Inc V 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: $36,330
For more financial information, click here
What is the mission statement of First Richland-Morrow Housing Inc V?
First Richland-Morrow Housing Inc V's mission is centered around providing affordable housing options for low-income elderly individuals. Operating as public housing facilities, their primary objective is to make housing accessible in a manner that respects financial constraints. This mission is carried out in Columbus, OH, through the operation of Mount Gilead Manor, which offers HUD-subsidized housing. The organization's activities are dedicated to addressing the housing needs of this specific demographic, thereby contributing to their overall well-being.
Who is the CEO of First Richland-Morrow Housing Inc V?
Rev Paul A Stillwell is the Chairman of First Richland-Morrow Housing Inc V.
What is the revenue of First Richland-Morrow Housing Inc V?
First Richland-Morrow Housing Inc V's revenue in 2022 was $157,909.
Who are the executives of First Richland-Morrow Housing Inc V 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 First Richland-Morrow Housing Inc V?
First Richland-Morrow Housing Inc V's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Richland-Morrow Housing Inc V
First Richland-Morrow Housing Inc V, in its mission, focuses on providing low-income housing for the elderly. Operating as public housing facilities, the organization's primary objective is to offer subsidized accommodations to individuals who fall under this income bracket. Mount Gilead Manor, a part of First Richland-Morrow Housing Inc V, is particularly dedicated to this cause in Columbus, Ohio. The organization's mission is to create a living environment that is accessible and affordable for the elderly, ensuring they can live with dignity and independence.
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Impact
October, 2024
First Richland-Morrow Housing Inc, particularly through the Mount Gilead Manor project, plays a crucial role in addressing the housing needs of low-income elderly individuals in Columbus, Ohio. By providing HUD-subsidized housing, it alleviates some of the financial burdens faced by this vulnerable demographic, enabling them to secure stable living conditions.
The impact of such initiatives extends beyond mere shelter; it fosters community stability, promotes better health outcomes, and enhances the quality of life for residents. Access to affordable housing allows elderly individuals to remain in their communities, maintain social connections, and access necessary services, which can be critical for their well-being.
Additionally, this model of support aids in reducing homelessness among seniors and contributes to the overall health of the local economy by ensuring that more individuals can participate in it. Overall, First Richland-Morrow Housing Inc and its mission significantly contribute to creating a more inclusive and supportive environment for low-income elderly residents in Columbus.
This information is meant to be a general summary of First Richland-Morrow Housing Inc V. 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: $20
- Program Service Revenue: $103,108
- Gross Receipts: $157,909
Assets and Liabilities:
- Total Assets: $614,877
- Total Liabilities: $1,284,056
- Net Assets: -$669,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$103,108
Organization Details
Founding Year
1996
Phone
(614) 451-9000Principal Officer
Rev Paul A Stillwell
Main Address
1601 BETHEL ROAD RM/STE STE A, COLUMBUS, OH, 43220
NTEE Category
Code: L210 - Housing
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