Overview
What is Project Independence C/O Rightway Management?
Project Independence, a nonprofit organization under the umbrella of Rightway Management LLC, is located in Mechanicsville, Iowa. Their primary mission is to construct and operate housing units designed for elderly and handicapped individuals. Currently, they manage 19 such units, achieving an 86% occupancy rate during the recent year. The organization's focus is on providing a suitable living environment for these individuals, contributing positively to their daily lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%)
Project Independence C/O Rightway Management has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and oversight. While the organization demonstrates strong governance with an independent board and a solid program expense ratio, it struggles with transparency and financial management, as evidenced by its poor score in the liabilities to assets ratio.
The strengths of Project Independence include a majority independent board and a robust conflict of interest policy, which suggests a commitment to ethical governance. Additionally, the organization has established effective document retention protocols and keeps thorough minutes of board meetings. However, the lack of posted tax forms on its website and insufficient independent board members raises concerns about its accountability and transparency practices.
Notably, the organization scored zero in areas concerning whistleblower policies and the size of its independent board, which points to significant gaps in governance practices. Addressing these limitations could enhance trust and confidence among stakeholders, thereby improving its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Project Independence C/O Rightway Management legitimate?
Project Independence C/O Rightway Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Independence C/O Rightway Management 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: $4,800
For more financial information, click here
What is the mission statement of Project Independence C/O Rightway Management?
Project Independence, under the management of Rightway, is committed to constructing and operating specialized housing for the elderly and individuals with disabilities. Their primary mission is to provide a living space that caters to the unique needs of these individuals. During the year, this project successfully offered 19 apartment units, maintaining an impressive 86% occupancy rate.
Who is the CEO of Project Independence C/O Rightway Management?
Mary Hindman is the President of Project Independence C/O Rightway Management.
What is the revenue of Project Independence C/O Rightway Management?
Project Independence C/O Rightway Management's revenue in 2020 was $166,186.
Who are the executives of Project Independence C/O Rightway Management and what are their salaries?
The average compensation at Project Independence C/O Rightway Management during 2020 was $4,800. There is 1 employee at Project Independence C/O Rightway Management.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Project Independence C/O Rightway Management?
Project Independence C/O Rightway Management's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Project Independence C/O Rightway Management
Project Independence C/O Rightway Management is dedicated to constructing and operating housing units specifically designed for elderly and handicapped individuals. This nonprofit organization's mission is to provide a living environment that caters to the unique needs of these individuals, ensuring they can live with dignity and independence. During the year, Project Independence successfully operated 19 apartment units, serving 19 handicapped persons. The organization managed to achieve an impressive 86% occupancy rate, demonstrating its commitment to meeting the housing needs of its intended population.
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Impact
October, 2024
Project Independence C/O Rightway Management has made a significant impact in Mechanicsville, IA, by addressing the housing needs of elderly and handicapped individuals. Through the construction and operation of 19 apartment units, the project provides accessible living spaces that enhance the quality of life for its residents. With an impressive 86% occupancy rate achieved in the past year, it demonstrates a strong demand and reliance on such facilities within the community.
By focusing on this demographic, Project Independence fosters an inclusive environment, offering stability and independence to those who may otherwise face challenges in finding suitable housing. The provision of specialized housing not only supports the residents but also strengthens the community by promoting diversity and ensuring that vulnerable populations have safe and accommodating living conditions.
This information is meant to be a general summary of Project Independence C/O Rightway Management. 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 2020.
- Investment Income: $135
- Program Service Revenue: $166,051
- Gross Receipts: $166,186
Assets and Liabilities:
- Total Assets: $544,242
- Total Liabilities: $693,898
- Net Assets: -$149,656
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$104,733
TENANT RENT
Revenue
$58,390
LAUNDRY AND VENDING
Revenue
$2,928
Organization Details
Founding Year
1985
Phone
(563) 942-3330Principal Officer
Mary Hindman
Main Address
C/O RIGHT WAY MANAGEMENT LLC, MECHANICSVILLE, IA, 52306
NTEE Category
Code: L21 - Housing
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