Overview
What is Western Reserve Revitalization And Management Company Inc?
Western Reserve Revitalization and Management Company Inc is a nonprofit organization based in Cleveland, Ohio, specifically at 8120 Kinsman Road, Cuyahoga County. Their mission is to contribute to the planning, development, construction, and operation of affordable housing projects in targeted neighborhoods within Cuyahoga County. The company was established to address the need for low and moderate income housing in the area, ensuring that these neighborhoods receive the necessary attention and improvement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Western Reserve Revitalization And Management Company Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 83%. This score is based solely on the organization's Accountability & Finance metrics, emphasizing its commitment to transparency and effective management of resources.
The nonprofit excels in financial oversight, achieving full points in various categories such as audit and oversight, material diversion of assets, and conflict of interest policies. Moreover, it maintains a strong program expense ratio of 88.52%, indicating that a significant portion of its budget is directed towards its mission-related activities. These factors highlight the organization's dedication to responsible financial practices.
However, while the financial aspects are robust, no information is provided on the impact or effectiveness of the programs offered by the organization. Potential donors may benefit from further insights into the charity's operational outcomes and community impact to make a more informed decision.
This AI summary has been generated from information found on Charity Navigator.
Is Western Reserve Revitalization And Management Company Inc legitimate?
Western Reserve Revitalization And Management Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Reserve Revitalization And Management 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Western Reserve Revitalization And Management Company Inc?
The Western Reserve Revitalization and Management Company Inc was established with the goal of aiding in the planning, execution, construction, and operation of housing projects within Cuyahoga County, Ohio. Its primary mission is to develop low and moderate income housing in targeted neighborhoods. The company was formed with the intention of contributing to the improvement of residential areas in Cuyahoga County. Through its efforts, it aims to provide affordable housing solutions, contributing to the overall revitalization of the specified communities.
Who is the CEO of Western Reserve Revitalization And Management Company Inc?
Jeffery K Patterson is the Trustee of Western Reserve Revitalization And Management Company Inc.
What is the revenue of Western Reserve Revitalization And Management Company Inc?
Western Reserve Revitalization And Management Company Inc's revenue in 2022 was $21,555,573.
Who are the executives of Western Reserve Revitalization And Management Company Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $126,536
- Other: $24,915
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $287,725
- Other: $46,073
- Compensation: $0
- Related: $184,310
- Other: $53,270
- Compensation: $0
- Related: $121,688
- Other: $26,046
- Compensation: $0
- Related: $111,917
- Other: $24,273
Where can I find the form 990 for Western Reserve Revitalization And Management Company Inc?
Western Reserve Revitalization And Management Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Western Reserve Revitalization And Management Company Inc
Western Reserve Revitalization and Management Company Inc is a mission-driven organization devoted to the planning, execution, construction, and operation of housing projects within Cuyahoga County, Ohio. The company's primary goal is to develop low and moderate income housing in targeted neighborhoods across the county. By focusing on these areas, the Western Reserve Revitalization and Management Company aims to make a significant impact on the local community and contribute to its overall revitalization. The organization was established with a clear vision to improve the living conditions for individuals and families in need and promote sustainable growth within the specified regions. Through its dedicated efforts, the company has been instrumental in creating affordable housing solutions and contributing to the socio-economic development of Cuyahoga County.
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Impact
October, 2024
Western Reserve Revitalization And Management Company Inc plays a crucial role in addressing housing needs in Cuyahoga County, Ohio. By focusing on the planning, construction, and operation of housing projects, the organization is dedicated to the development of low and moderate-income housing in targeted neighborhoods. This initiative aids in revitalizing communities, providing accessible housing options for those in need, and fostering economic stability.
Through its efforts, the company not only works to improve living conditions but also promotes neighborhood development, enhancing the overall quality of life for residents. By targeting specific areas, Western Reserve Revitalization And Management Company Inc contributes to addressing disparities in housing availability and affordability, ultimately working towards a more equitable community for all.
This information is meant to be a general summary of Western Reserve Revitalization And Management 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: $112,293
- Program Service Revenue: $11,370,245
- Gross Receipts: $21,555,573
Assets and Liabilities:
- Total Assets: $75,809,968
- Total Liabilities: $17,236,817
- Net Assets: $58,573,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD PHA OPERATING GRANTS
Revenue
$4,656,759
DEVELOPER FEE INCOME
Revenue
$4,404,492
NET RENTAL REVENUE
Revenue
$2,308,994
Organization Details
Founding Year
1998
Phone
(216) 271-3010Principal Officer
Jeffery K Patterson
Main Address
8120 KINSMAN ROAD, CLEVELAND, OH, 44104
NTEE Category
Code: L20 - Housing
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