Overview
What is Hudesman House Apartments?
Hudesman House Apartments is a nonprofit organization established to cater to the housing needs of low-income seniors, enabling them to age in place. Situated in Spokane, Washington, this organization operates a rental apartment complex, providing suitable and affordable living spaces for up to 13-26 individuals. The primary mission of Hudesman House Apartments is to ensure that senior residents have access to comfortable and affordable housing, thereby enabling them to age gracefully in their own community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating. This rating is based solely on the organization's Accountability & Finance score, reflecting its performance in financial management and governance.
Hudesman House Apartments demonstrates strong governance with a fully independent board and comprehensive policies, scoring full points in several areas such as independent board size and material diversion of assets. Additionally, it has a commendable program expense ratio of 100%, indicating that all of its expenses are directed toward its programs.
However, the organization faces challenges, as evidenced by a liabilities to assets ratio of 126.02%, which negatively impacted its overall rating. This suggests potential financial instability that may warrant further scrutiny for prospective donors or stakeholders looking to support the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Hudesman House Apartments legitimate?
Hudesman House Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudesman House Apartments 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: $15,032
For more financial information, click here
What is the mission statement of Hudesman House Apartments?
Hudesman House Apartments is committed to providing affordable and suitable rental accommodations for low-income seniors, enabling them to age in place. The organization's mission is centered around constructing and managing these apartments, aiming to serve a diverse group of 13 to 26 elderly individuals. By offering affordable housing, the apartments aim to support the senior community, ensuring they can maintain their independence and quality of life.
Who is the CEO of Hudesman House Apartments?
Lewis Paul Wade is the President of Hudesman House Apartments.
What is the revenue of Hudesman House Apartments?
Hudesman House Apartments's revenue in 2023 was $122,250.
Who are the executives of Hudesman House Apartments and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Hudesman House Apartments?
Hudesman House Apartments's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hudesman House Apartments
Hudesman House Apartments, as an organization, is dedicated to providing affordable and suitable rental apartments for low-income seniors, enabling them to age in place. Its mission is centered around constructing and operating a residential complex specifically designed for this demographic. The aim is to serve up to 13 to 26 seniors, offering them a secure and comfortable living environment where they can spend their later years with dignity and independence.
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Impact
October, 2024
Hudesman House Apartments significantly improves the lives of low-income seniors by providing affordable and suitable rental housing that enables them to age in place. With a focus on creating a supportive living environment, the facility offers comfortable accommodations for 13 to 26 residents, ensuring they have a stable home where they can maintain their independence. This initiative addresses a critical need in Spokane, WA, as it alleviates housing insecurity and fosters a community where seniors can thrive. By offering a safe and welcoming environment, Hudesman House promotes dignity and well-being, contributing positively to the overall quality of life for its residents.
This information is meant to be a general summary of Hudesman House Apartments. 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: $595
- Program Service Revenue: $38,361
- Gross Receipts: $122,250
Assets and Liabilities:
- Total Assets: $2,238,454
- Total Liabilities: $2,821,001
- Net Assets: -$582,547
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANTS RENT
Revenue
$38,361
Organization Details
Founding Year
2012
Phone
(509) 344-4920Principal Officer
Lewis Paul Wade
Main Address
CO 818 WEST RIVERSIDE 300, SPOKANE, WA, 99201
NTEE Category
Code: L21 - Housing
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