Overview
What is Western Wayne Affordable Housing Inc?
Western Wayne Affordable Housing Inc, located in Dublin, Indiana, is a dedicated nonprofit organization with a focus on providing affordable housing for the senior community in Western Wayne County. Operating as a community-based housing development corporation, this nonprofit undertakes the development, ownership, financing, and management of real estate projects, all with the aim of serving as a nonprofit housing solution. With a small team of just two individuals, this organization is committed to making a difference in the lives of seniors by providing them with suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Western Wayne Affordable Housing Inc has received a solid Three-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The overall score is derived entirely from an Accountability & Finance beacon, which indicates a strong focus on responsible fiscal practices. The charity's score of 87% suggests that it meets high standards in its operational transparency and management of funds.
The organization excels in various key areas, boasting a perfect score for having a majority of independent board members and maintaining a conflict of interest policy. Additionally, it has demonstrated prudent financial management with a low liabilities to assets ratio of 0.07% and a high program expense ratio of 92.69%, ensuring that most of its resources are directed towards its mission of providing affordable housing.
However, while the financial metrics are impressive, the rating does not include measures related to impact or outcomes of the programs offered. This leaves a gap in understanding the effectiveness of its services in the community, which potential supporters and beneficiaries might consider when evaluating the organization. Overall, Western Wayne Affordable Housing Inc presents a reliable option for donors focusing on accountability and sound financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Western Wayne Affordable Housing Inc legitimate?
Western Wayne Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Wayne Affordable Housing 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 Wayne Affordable Housing Inc?
Western Wayne Affordable Housing Inc, functioning as a community-based housing development corporation, is dedicated to developing, owning, financing, and managing real estate projects as a nonprofit organization. Their primary mission is to provide affordable housing for the senior community. In this capacity, they strive to meet the housing needs of their community by overseeing the development and management of relevant properties.
Who is the CEO of Western Wayne Affordable Housing Inc?
Lyndon Wicker is the President of Western Wayne Affordable Housing Inc.
What is the revenue of Western Wayne Affordable Housing Inc?
Western Wayne Affordable Housing Inc's revenue in 2022 was $148,783.
Who are the executives of Western Wayne Affordable Housing Inc and what are their salaries?
There are 2 employees and 9 volunteers at Western Wayne Affordable Housing Inc.
Here are 9 key members and their salaries:
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $18,750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $8,550
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $770
- Related: $0
- Other: $0
Where can I find the form 990 for Western Wayne Affordable Housing Inc?
Western Wayne Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Western Wayne Affordable Housing Inc
Western Wayne Affordable Housing Inc, as a community-based housing development corporation, is dedicated to undertaking the development, ownership, financing, and management of real estate projects in a nonprofit capacity. Their primary mission is to provide affordable housing solutions for the senior community in Western Wayne County. By taking on this role, the organization aims to contribute positively to the local community, ensuring that older adults have access to suitable living arrangements.
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Impact
October, 2024
Western Wayne Affordable Housing Inc significantly impacts the senior community of Western Wayne County by providing essential low-income housing options. Through their efforts, they develop, own, finance, and manage affordable housing projects specifically designed to meet the needs of older adults. This initiative directly addresses the challenges faced by seniors in finding safe and affordable living arrangements, contributing to their overall well-being and stability.
By creating housing opportunities tailored for low-income seniors, Western Wayne Affordable Housing Inc fosters a sense of community and support among residents, enhancing their quality of life. Moreover, these housing projects not only alleviate financial burdens but also promote independence and security for senior citizens in the region.
This information is meant to be a general summary of Western Wayne Affordable Housing 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: $1,019
- Program Service Revenue: $147,764
- Gross Receipts: $148,783
Assets and Liabilities:
- Total Assets: $606,189
- Total Liabilities: $502
- Net Assets: $605,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING
Revenue
$147,764
Organization Details
Founding Year
1999
Phone
(765) 478-6512Principal Officer
Lyndon Wicker
Main Address
PO BOX 206, DUBLIN, IN, 47335
NTEE Category
Code: L200 - Housing
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