Overview
What is Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc?
Teamster Retiree Nonprofit Housing Corporation of Detroit Inc, located in Lyndhurst, Ohio, is a nonprofit organization with a mission to provide affordable housing for elderly and disabled residents. With a workforce of three individuals, they have constructed and operate a rental housing project designed specifically for qualified low-income senior citizens, offering them a safe and comfortable living environment. Their primary activity involves managing and maintaining this housing project, ensuring that the needs of their residents are met with care and support.
Official website here: www.retireehousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating, Overall Score: 62%
The Teamster Retiree Nonprofit Housing Corporation of Detroit Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas needing improvement, particularly in accountability and financial practices. The organization achieved an overall score of 62%, which reflects some strengths but also highlights notable weaknesses in governance policies and financial health.
The organization demonstrates a strong commitment to funding its programs, as evidenced by a program expense ratio of 99%, indicating that almost all of its expenses are directed toward its mission. Additionally, the majority of its board members are independent, which is a positive sign for governance. However, the nonprofit faces challenges related to its financial health, particularly a liabilities to assets ratio of 287.94%, suggesting potential fiscal instability.
Several critical governance policies are either missing or insufficient, such as a conflict of interest policy, a whistleblower policy, and document retention procedures. These shortcomings could hinder transparency and accountability, which are essential for donor trust and organizational integrity. Overall, while the organization is effectively using its funds for its intended purposes, there are significant areas that need attention to enhance its operational and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc legitimate?
Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teamster Retiree Nonprofit Housing Corporation Of Detroit 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: $149,331
For more financial information, click here
Official website here: www.retireehousing.com
What is the mission statement of Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc?
The Teamster Retiree Nonprofit Housing Corporation of Detroit Inc. is dedicated to constructing and managing a rental housing project. Their primary objective is to provide affordable living accommodations for qualified low-income senior citizens. This organization has successfully established 100 housing units catering to elderly and disabled residents. Their mission is centered around enhancing the living conditions for this specific group of individuals, ensuring they can age with dignity and security.
Official website here: www.retireehousing.com
Who is the CEO of Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc?
John Joyce is the Treasurer of Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc.
Official website here: www.retireehousing.com
What is the revenue of Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc?
Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc's revenue in 2023 was $1,189,246.
Official website here: www.retireehousing.com
Who are the executives of Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc and what are their salaries?
The average compensation at Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc during 2023 was $49,777. There are 3 employees at Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc.
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
Official website here: www.retireehousing.com
Where can I find the form 990 for Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc?
Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.retireehousing.com
Learn more at the official website: www.retireehousing.com
Mission Statement of Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc
Teamster Retiree Nonprofit Housing Corporation of Detroit Inc is dedicated to constructing and managing a rental housing project specifically catering to qualified low-income senior citizens. The organization's primary mission is to provide these elderly and disabled residents with a safe and affordable living space. By constructing and operating this housing project, the corporation aims to contribute positively to the community and ensure that senior citizens in need have access to comfortable and secure housing. With a focus on providing quality living accommodations, Teamster Retiree Nonprofit Housing Corporation of Detroit Inc is committed to making a difference in the lives of its residents. The corporation has successfully provided 100 such housing units, demonstrating its commitment to fulfilling its mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Teamster Retiree Housing Corporation of Detroit Inc has had a significant impact by providing 100 low-income housing units for elderly and disabled residents in Lyndhurst, Ohio. This organization has helped enhance the quality of life for qualified individuals who may have struggled to find affordable housing options otherwise. The availability of these housing units has contributed to improving the overall well-being and stability of the senior citizens and disabled individuals in the community.
This information is meant to be a general summary of Teamster Retiree Nonprofit Housing Corporation Of Detroit 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 2023.
- Investment Income: $2,004
- Program Service Revenue: $336,728
- Gross Receipts: $1,189,246
Assets and Liabilities:
- Total Assets: $1,370,404
- Total Liabilities: $3,945,965
- Net Assets: -$2,575,561
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$330,551
LAUNDRY & VENDING
Revenue
$3,845
MISCELLANEOUS FEES
Revenue
$2,332
Organization Details
Founding Year
1984
Phone
(216) 360-8333Principal Officer
John Joyce
Main Address
5845 LANDERBROOK DRIVE, LYNDHURST, OH, 44124
Website
www.retireehousing.comNTEE Category
Code: L20Z - Housing
If you are a representative of Teamster Retiree Nonprofit Housing Corporation Of Detroit Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.