Overview
What is Argonaut House 2?
Argonaut House 2 is a nonprofit organization situated in Seattle, Washington, specifically at 1217 Sixth Avenue. Their primary mission is to offer affordable housing to individuals confronting homelessness and mental illness. The six-unit complex they manage provides not just a place to live, but also a sense of companionship. Argonaut House 2 is dedicated to improving the living conditions and supporting the well-being of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 68%)
Argonaut House 2 has received a two-star rating from Charity Navigator, indicating that it needs improvement in certain areas. The organization has a strong accountability score of 68%, with all board members being independent and no material diversion of assets reported. They also have effective policies for conflict of interest and maintain clear documentation of board meeting minutes.
However, there are notable weaknesses that have impacted their overall rating. The organization lacks a whistleblower policy and has not established a document retention and destruction policy, both of which are critical for transparency and accountability. Additionally, the nonprofit's website does not feature its tax form, which is a requirement for best practices in the sector. The liabilities to assets ratio is concerning at nearly 120%, indicating potential financial strain.
While Argonaut House 2 shows a commendable program expense ratio of over 83%, suggesting that a significant portion of its budget is directed towards its programs, the overall lack of compliance with key governance practices presents limitations that the organization will need to address for better credibility and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Argonaut House 2 legitimate?
Argonaut House 2 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Argonaut House 2 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:
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For more financial information, click here
What is the mission statement of Argonaut House 2?
Argonaut House 2 is dedicated to providing affordable housing and companionship for individuals who are homeless and struggling with mental illness. This organization operates a six-unit apartment complex, serving as a sanctuary where these individuals can reside in a supportive environment. The mission of Argonaut House 2 is to enhance the quality of life for its residents, offering them a safe and nurturing environment that fosters their well-being and promotes their recovery. The organization strives to create a sense of community within its housing complex, ensuring that its residents feel valued and supported.
Who is the CEO of Argonaut House 2?
Padrica Hoffman is the President of Argonaut House 2.
What is the revenue of Argonaut House 2?
Argonaut House 2's revenue in 2022 was $71,511.
Who are the executives of Argonaut House 2 and what are their salaries?
There 9 volunteers at Argonaut House 2.
Here are 10 key members and their salaries:
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- Related: $78,532
- Other: $10,911
Where can I find the form 990 for Argonaut House 2?
Argonaut House 2's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Argonaut House 2
Argonaut House 2 is a nonprofit organization dedicated to providing affordable housing and companionship for individuals experiencing homelessness and living with mental illness. Its mission is to offer a six-unit apartment complex that serves as a safe and supportive environment for these individuals, providing them with the quality housing they need. The organization's primary goal is to enhance the lives of its residents by offering them a sense of community and companionship, helping them to overcome the challenges they face due to their mental illness and homelessness. Argonaut House 2 strives to create an atmosphere of respect and inclusivity, where its residents can feel valued and supported as they work towards improving their lives.
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Impact
August, 2024
Argonaut House 2's impact lies in providing quality affordable housing and companionship to those who are homeless and living with mental illness in Seattle, WA. The organization operates a six-unit affordable housing apartment complex, offering a stable and supportive environment for individuals facing these challenges. By addressing the intersection of homelessness and mental illness through housing and companionship, Argonaut House 2 helps improve the lives of vulnerable individuals in the community.
This information is meant to be a general summary of Argonaut House 2. 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: $6
- Program Service Revenue: $27,074
- Gross Receipts: $71,511
Assets and Liabilities:
- Total Assets: $1,388,788
- Total Liabilities: $1,666,351
- Net Assets: -$277,563
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT & RELATED REVENUE
Revenue
$27,074
Organization Details
Founding Year
2013
Phone
(206) 755-4597Principal Officer
Padrica Hoffman
Main Address
1217 SIXTH AVENUE, SEATTLE, WA, 98101
NTEE Category
Code: L20 - Housing
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