Overview
What is Echols Place Ii Corporation?
Echols Place II Corporation is a nonprofit organization situated in Farmington, New Mexico, with a specific mission to provide affordable housing for individuals with disabilities. Their 14-unit apartment complex is uniquely designed to cater to the unique needs of these individuals, ensuring they live in a comfortable and supportive environment. The organization's commitment to affordable housing and meeting the specific needs of disabled persons sets it apart as an essential resource for this community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Echols Place II Corporation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization has a strong program expense ratio of 84.48%, suggesting efficient use of resources for its programs, it faces serious critiques in areas of governance and compliance. The organization's liabilities exceed its assets, which is a red flag for financial stability.
The charity does exhibit some strengths, including a fully independent board and proper documentation of board meeting minutes. These aspects reflect a level of transparency and governance that is critical for nonprofit organizations. However, the absence of key policies such as conflict of interest and whistleblower protections points to potential vulnerabilities in its operational standards.
Overall, while Echols Place II Corporation demonstrates effective program spending, the lack of essential governance policies and the high liabilities suggest that potential donors should exercise caution. Addressing these governance issues will be crucial for the organization to enhance its credibility and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Echols Place Ii Corporation legitimate?
Echols Place Ii Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Echols Place Ii Corporation 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: $12,213
For more financial information, click here
What is the mission statement of Echols Place Ii Corporation?
Echols Place II Corporation is dedicated to providing affordable housing that caters to the specific needs of disabled individuals. Their mission is to create a living environment that is tailored to meet the unique requirements of these individuals, ensuring they have a comfortable and supportive place to call home. The corporation has constructed a 14-unit apartment complex specifically designed for low-income disabled persons, demonstrating their commitment to this cause.
Who is the CEO of Echols Place Ii Corporation?
Scot Fishburn is the Vice Preside of Echols Place Ii Corporation.
What is the revenue of Echols Place Ii Corporation?
Echols Place Ii Corporation's revenue in 2022 was $94,228.
Who are the executives of Echols Place Ii Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Echols Place Ii Corporation?
Echols Place Ii Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Echols Place Ii Corporation
Echols Place II Corporation is dedicated to providing affordable housing for individuals with disabilities, tailoring its offerings to meet their specific needs. This nonprofit organization has made significant strides in this area by establishing a 14-unit apartment complex, specifically designed for low-income disabled persons. The mission of Echols Place II Corporation is to ensure that these individuals have a safe and comfortable living environment that caters to their unique requirements. By offering affordable housing options, the organization aims to empower disabled persons and contribute to their overall well-being.
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Impact
October, 2024
Echols Place II Corporation has a significant impact on the community in Farmington, NM, by addressing the critical need for affordable housing tailored to individuals with disabilities. The organization provides a specialized 14-unit apartment complex designed to meet the unique requirements of low-income disabled persons, ensuring they have access to safe and suitable living environments. This initiative not only supports the housing needs of these individuals but also fosters independence and dignity, contributing to improved quality of life. By focusing on affordable, accessible housing, Echols Place II plays a vital role in promoting inclusivity and enhancing the well-being of disabled members of the community.
This information is meant to be a general summary of Echols Place Ii Corporation. 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: $23
- Program Service Revenue: $29,848
- Gross Receipts: $94,228
Assets and Liabilities:
- Total Assets: $907,088
- Total Liabilities: $1,285,887
- Net Assets: -$378,799
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL APARTMENTS
Revenue
$29,848
Organization Details
Founding Year
2007
Principal Officer
Scot Fishburn
Main Address
1816 EAST MOJAVE STREET, FARMINGTON, NM, 87401
NTEE Category
Code: L21 - Housing
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