Overview
What is Rodman Commons Inc?
Rodman Commons Inc is a nonprofit organization situated in Providence, Rhode Island, specifically at 861A Broad Street, 02907. Their primary mission is to provide affordable housing for the elderly and disabled residents in the South Kingston, Rhode Island area, as outlined in Section 202 of the National Affordable Housing Act. They accomplish this by owning and managing a 20-unit apartment complex, catering specifically to this population group.
Official website here: www.wdchoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Rodman Commons Inc has received a solid 82% rating from Charity Navigator, which indicates a good level of accountability and financial health. The rating is primarily based on the organization's commitment to transparency and governance, achieving full marks in areas such as having an independent board, a conflict of interest policy, and a whistleblower policy. These factors contribute positively to the organization's reputation and trustworthiness among donors.
The nonprofit excels in its program expense ratio, allocating approximately 88.67% of its expenses directly to programs, which reflects a strong commitment to its mission. However, the organization faces a challenge with its liabilities to assets ratio, which stands at 127.59%, indicating that its liabilities exceed its assets. This could be a point of concern for potential donors, as it suggests financial strain.
Overall, while Rodman Commons Inc demonstrates robust financial practices and governance measures, the imbalance in its financial ratios indicates a need for careful monitoring. Prospective supporters may want to consider these financial metrics when evaluating their potential contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Rodman Commons Inc legitimate?
Rodman Commons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rodman Commons 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: $44,111
For more financial information, click here
Official website here: www.wdchoc.org
What is the mission statement of Rodman Commons Inc?
Rodman Commons Inc, as a nonprofit organization, is committed to providing affordable housing for senior citizens and individuals with disabilities. This mission is carried out under Section 202 of the National Affordable Housing Act. The organization's primary goal is to ensure low-income housing is available in their community, offering a residence for those who may otherwise struggle to secure such accommodations. They currently manage a 20-unit apartment complex to fulfill this purpose.
Official website here: www.wdchoc.org
Who is the CEO of Rodman Commons Inc?
Dean Harrison is the Chair of Rodman Commons Inc.
Official website here: www.wdchoc.org
What is the revenue of Rodman Commons Inc?
Rodman Commons Inc's revenue in 2021 was $184,408.
Official website here: www.wdchoc.org
Who are the executives of Rodman Commons Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.wdchoc.org
Where can I find the form 990 for Rodman Commons Inc?
Rodman Commons Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.wdchoc.org
Learn more at the official website: www.wdchoc.org
Mission Statement of Rodman Commons Inc
Rodman Commons Inc, a nonprofit organization, is dedicated to providing affordable housing for senior citizens and individuals with disabilities. Following Section 202 of the National Affordable Housing Act, this nonprofit aims to cater to the housing needs of this specific population group. Their mission is to offer low-income housing, providing a safe and comfortable living environment for the elderly and disabled individuals in their community. Rodman Commons Inc owns and manages a 20-unit apartment complex, ensuring that these individuals have access to affordable and suitable housing options.
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Impact
October, 2024
Rodman Commons Inc significantly impacts the South Kingstown community by providing affordable housing options specifically designed for senior citizens and individuals with disabilities. By operating a 20-unit apartment complex, it addresses the critical need for low-income housing in the region, ensuring that vulnerable populations have access to safe and stable living environments. This initiative not only enhances the quality of life for its residents but also fosters a sense of community and support among those who may otherwise face housing insecurity. By facilitating affordable housing under Section 202 of the National Affordable Housing Act, Rodman Commons Inc plays a vital role in promoting equity and enhancing the overall wellbeing of those it serves in Rhode Island.
This information is meant to be a general summary of Rodman Commons 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 2021.
- Investment Income: $163
- Program Service Revenue: $88,923
- Gross Receipts: $184,408
Assets and Liabilities:
- Total Assets: $2,652,972
- Total Liabilities: $3,181,147
- Net Assets: -$528,175
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$87,682
LAUNDRY REVENUE
Revenue
$1,231
TENANT CHARGES
Revenue
$10
Organization Details
Founding Year
2010
Phone
(401) 941-2900Principal Officer
Dean Harrison
Main Address
861A BROAD STREET, PROVIDENCE, RI, 02907
Website
www.wdchoc.orgNTEE Category
Code: L21 - Housing
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