Overview
What is Washington Woods Housing Corp?
Washington Woods Housing Corp is a nonprofit organization situated in Lansing, Michigan, with an address at 5801 S Washington Avenue. Their primary mission is to cater to the housing needs of individuals with disabilities. They accomplish this by providing specialized facilities and services designed to meet their physical, social, and psychological needs. These amenities aim to promote their health, security, happiness, and overall well-being, enabling them to live more fulfilling lives for an extended period. The organization's activities are centered around offering housing facilities and services tailored to the unique requirements of persons with disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
Washington Woods Housing Corp has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its overall performance in accountability and finance. The score is derived solely from its Accountability & Finance metrics, which contribute to a total score of 57%. While the organization has shown strengths in board independence and program expense efficiency, it faces challenges with its liabilities, which exceed its assets significantly.
The nonprofit boasts a fully independent board, comprising five members, which reflects positively on governance practices. It also maintains good transparency by documenting board meeting minutes and has a high program expense ratio, indicating that a significant portion of its funds is directed towards its programs. These aspects contribute positively to its accountability rating.
However, the organization's liabilities to assets ratio is a major concern, standing at 191.84%, which raises red flags regarding its financial health and sustainability. This high level of liabilities could indicate potential difficulties in meeting financial obligations, leading to a cautious outlook for stakeholders considering support or engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Woods Housing Corp legitimate?
Washington Woods Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Woods Housing Corp 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: $36,692
For more financial information, click here
What is the mission statement of Washington Woods Housing Corp?
Washington Woods Housing Corp's mission is centered around providing specialized housing facilities and services for individuals with disabilities. The corporation aims to cater to their physical, social, and psychological needs, promoting their health, security, happiness, and usefulness in living a fulfilling life. The housing complex provides a secure environment where these individuals can thrive and maximize their potential in the long term. The mission of Washington Woods Housing Corp is to ensure the well-being and overall improvement of the lives of those with disabilities, allowing them to live independently and with dignity.
Who is the CEO of Washington Woods Housing Corp?
Steve Sergent is the Secretary of Washington Woods Housing Corp.
What is the revenue of Washington Woods Housing Corp?
Washington Woods Housing Corp's revenue in 2022 was $189,045.
Who are the executives of Washington Woods Housing Corp and what are their salaries?
There 5 volunteers at Washington Woods Housing Corp.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Washington Woods Housing Corp?
Washington Woods Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Washington Woods Housing Corp
Washington Woods Housing Corp, a nonprofit organization, is dedicated to providing housing facilities and services specifically tailored to meet the physical, social, and psychological needs of individuals with disabilities. Their mission is to promote their health, security, happiness, and usefulness in longer living. By offering housing facilities that cater to their unique needs, this organization strives to enhance the lives of those with disabilities, ensuring their overall well-being and enabling them to live fulfilling lives.
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Impact
October, 2024
Washington Woods Housing Corp significantly improves the quality of life for individuals with disabilities by offering tailored housing solutions and services. Located in Lansing, MI, this apartment complex is specifically designed to meet the unique physical, social, and psychological needs of its residents. By providing accessible living spaces, the organization promotes health, security, and happiness among its tenants, enabling them to lead fulfilling lives. The supportive environment fosters independence and community engagement, ensuring that residents feel valued and useful. Washington Woods Housing Corp not only addresses housing needs but also enhances the overall well-being and integration of individuals with disabilities into the broader community.
This information is meant to be a general summary of Washington Woods Housing Corp. 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: $45
- Program Service Revenue: $188,838
- Gross Receipts: $189,045
Assets and Liabilities:
- Total Assets: $188,644
- Total Liabilities: $361,904
- Net Assets: -$173,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$110,021
RENTAL RECEIPTS
Revenue
$41,703
TENANT MEALS INCOME
Revenue
$34,766
SPECIAL CLAIMS
Revenue
$2,348
Organization Details
Founding Year
1989
Phone
(517) 887-0100Principal Officer
Steve Sergent
Main Address
5801 S WASHINGTON AVENUE, LANSING, MI, 48912
NTEE Category
Code: L21Z - Housing
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