Overview
What is Dwelling Place Of Grand Rapids Nonprofit Housing Corporation?
Dwelling Place of Grand Rapids Nonprofit Housing Corporation is a dedicated organization based in Grand Rapids, Michigan, striving to improve lives by providing affordable housing and essential support services. With over 1,300 housing units, they cater to low and moderate-income families, benefiting over 1,462 households annually, including over 660 previously homeless individuals. Beyond housing, they revitalize neighborhoods through managing over 40 commercial spaces, leasing to both non-profit and for-profit entities that contribute critical services and jobs. The organization also offers social services to its residents, ensuring housing stability, and provides business support to small and startup businesses in the neighborhoods it serves. In 2022, they undertook several projects, including resyndication processes for several properties and vetting for new constructions.
Official website here: www.dpgr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Dwelling Place of Grand Rapids Nonprofit Housing Corporation has earned a Three-Star rating on Charity Navigator, reflecting strong performance in accountability and finance. The organization’s overall score is driven by its impressive accountability metrics, resulting in a high score of 89%. The charity demonstrates transparency and governance through its independent board, which consists entirely of independent members, and policies that uphold ethical standards.
Strengths highlighted in the evaluation include a comprehensive oversight committee, excellent financial practices, and a solid liabilities to assets ratio of 8.84%. Additionally, the organization has implemented essential policies such as conflict of interest, whistleblower protections, and document retention, further reinforcing its commitment to accountability. With a program expense ratio of 64.58%, Dwelling Place allocates a significant portion of its resources directly to its mission.
While the organization performs well in most areas, the program expense ratio indicates room for improvement, as it could potentially allocate more funds directly to programs rather than administrative costs. Overall, Dwelling Place shows a strong commitment to responsible financial management and governance, making it a reliable option for donors interested in supporting nonprofit housing efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Dwelling Place Of Grand Rapids Nonprofit Housing Corporation legitimate?
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dwelling Place Of Grand Rapids Nonprofit Housing 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: $908,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,499,006
For more financial information, click here
Official website here: www.dpgr.org
What is the mission statement of Dwelling Place Of Grand Rapids Nonprofit Housing Corporation?
The mission of Dwelling Place Nonprofit Housing Corporation is to enhance the lives of individuals by providing quality affordable housing, offering essential support services, and serving as a catalyst for neighborhood revitalization. To fulfill this mission, the corporation develops, owns, and manages over 1,300 affordable housing units for low and moderate-income families. In 2022, over 1,462 households benefited from Dwelling Place's housing programs, with more than 660 of them being previously homeless individuals. The organization also revitalizes neighborhoods by developing and managing over 40 commercial spaces, leasing to both non-profit and for-profit entities that offer critical services and create jobs. Furthermore, Dwelling Place offers crucial social services to residents in need and provides business support to small and startup businesses in the neighborhoods it serves.
Official website here: www.dpgr.org
Who is the CEO of Dwelling Place Of Grand Rapids Nonprofit Housing Corporation?
Jeremy Deroo is the CEO of Dwelling Place Of Grand Rapids Nonprofit Housing Corporation The CEO's salary of Dwelling Place Of Grand Rapids Nonprofit Housing Corporation is $210,352 and their total compensation is $242,558.
Official website here: www.dpgr.org
What is the revenue of Dwelling Place Of Grand Rapids Nonprofit Housing Corporation?
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation's revenue in 2023 was $5,899,773.
Official website here: www.dpgr.org
Who are the executives of Dwelling Place Of Grand Rapids Nonprofit Housing Corporation and what are their salaries?
The average compensation at Dwelling Place Of Grand Rapids Nonprofit Housing Corporation during 2023 was $32,451. There are 105 employees and 160 volunteers at Dwelling Place Of Grand Rapids Nonprofit Housing Corporation.
Here are 21 key members and their salaries (Dwelling Place Of Grand Rapids Nonprofit Housing Corporation's CEO's salary is $210,352 and their total compensation is $242,558):
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- Compensation: $81,918
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- Compensation: $210,352
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- Other: $32,206
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- Compensation: $139,961
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- Compensation: $143,336
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- Other: $19,933
Official website here: www.dpgr.org
Where can I find the form 990 for Dwelling Place Of Grand Rapids Nonprofit Housing Corporation?
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dpgr.org
Learn more at the official website: www.dpgr.org
Mission Statement of Dwelling Place Of Grand Rapids Nonprofit Housing Corporation
Dwelling Place of Grand Rapids Nonprofit Housing Corporation is committed to enhancing the lives of individuals by creating high-quality, affordable housing units. This mission-driven organization goes beyond providing shelter, managing over 1,300 units for low- and moderate-income families. In 2022 alone, Dwelling Place helped over 1,462 households, including over 660 previously homeless individuals, benefit from their housing programs.
In addition to its housing initiatives, Dwelling Place acts as a catalyst for neighborhood revitalization. This is achieved by developing and managing over 40 commercial spaces, leasing them to both non-profit organizations and for-profit businesses that offer essential services and create jobs. This approach not only improves the living conditions of the residents but also contributes to the overall well-being of the community.
Furthermore, Dwelling Place recognizes the importance of social services and business support in maintaining housing stability and fostering community growth. Therefore, they offer critical social services to residents in need and provide essential business support to small and start-up businesses in the neighborhoods they serve. This holistic approach to community development sets Dwelling Place of Grand Rapids Nonprofit Housing Corporation apart, making it a valuable asset in its community.
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Impact
July, 2024
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation's impact can be seen in the significant improvements it has made in the lives of people in West Michigan. By providing affordable rent-restricted housing to over 1,462 low-income households, Dwelling Place has directly contributed to housing stability for numerous individuals and families. Additionally, the organization assists households in accessing support services when needed, further enhancing the well-being of the community.
In terms of community development, Dwelling Place operates various programs that serve as catalysts for neighborhood revitalization. By managing over 40 commercial spaces leased to both nonprofit organizations and for-profit businesses, Dwelling Place actively supports the local economy and creates job opportunities within the neighborhoods it serves. Furthermore, the organization's commitment to social services ensures that residents have access to the necessary support to maintain housing stability and improve their quality of life.
Overall, Dwelling Place's comprehensive approach to affordable housing, community development, and social services has had a positive and tangible impact on the individuals and neighborhoods it serves, making it a valuable asset in the Grand Rapids area.
This information is meant to be a general summary of Dwelling Place Of Grand Rapids Nonprofit Housing 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 2023.
- Investment Income: $837,768
- Program Service Revenue: $3,209,758
- Gross Receipts: $8,257,457
Assets and Liabilities:
- Total Assets: $53,141,426
- Total Liabilities: $4,698,735
- Net Assets: $48,442,691
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$1,106,940
RESID/COMMERCIAL RENTS
Revenue
$940,894
OTHER RENTAL INCOME
Revenue
$553,095
CASE MANAGEMENT FEES
Revenue
$375,747
REAL ESTATE RENTAL INCOME
Revenue
$197,512
Organization Details
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