Overview
What is Rivendell Homes Inc?
Rivendell Homes Inc is a nonprofit organization based in Baltimore, Maryland, specifically at 3 Milford Mill Road. Their primary focus is renovating and maintaining residential rental properties, catering specifically to low-income adults with disabilities. This initiative aligns with Section 811 of the National Affordable Housing Act, demonstrating their commitment to providing suitable housing solutions for a vulnerable population. Their mission extends beyond mere property management, as they strive to create living spaces that foster independence and support the unique needs of their tenants.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
Rivendell Homes Inc has earned a solid Three-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The organization scored well in several areas, particularly its governance structure, which features a majority of independent board members and robust conflict of interest and whistleblower policies. The high program expense ratio indicates that a significant portion of its funds is directed toward its mission-related activities.
However, the rating also highlights a concern with the organization's liabilities to assets ratio, which is significantly high at 176.12%. This metric raises questions about financial stability and may suggest potential challenges in meeting its obligations. While Rivendell Homes demonstrates strong governance practices and effective program expenditures, stakeholders may want to keep an eye on its financial health moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Rivendell Homes Inc legitimate?
Rivendell Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rivendell Homes 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: $24,814
For more financial information, click here
What is the mission statement of Rivendell Homes Inc?
Rivendell Homes Inc is committed to renovating and maintaining residential rental properties, specifically designed for low-income adults with disabilities under Section 811 of the National Affordable Housing Act. Their mission is geared towards providing suitable housing solutions for this vulnerable group, contributing to their overall well-being and independence. By doing so, Rivendell Homes Inc plays a significant role in enhancing the living conditions for individuals with disabilities, ensuring they have access to comfortable and accessible housing options.
Who is the CEO of Rivendell Homes Inc?
Sendy Rommel is the President of Rivendell Homes Inc.
What is the revenue of Rivendell Homes Inc?
Rivendell Homes Inc's revenue in 2023 was $99,267.
Who are the executives of Rivendell Homes Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Rivendell Homes Inc?
Rivendell Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rivendell Homes Inc
Rivendell Homes Inc, a nonprofit organization, is dedicated to renovating and maintaining residential rental properties specifically designed for low-income adults with disabilities, in alignment with Section 811 of the National Affordable Housing Act. This organization's mission is to provide suitable housing solutions for this vulnerable population, enhancing their quality of life and fostering a safe and comfortable living environment. By renovating and maintaining these properties, Rivendell Homes Inc aims to create an inclusive community where individuals with disabilities can live with dignity and independence. The organization's commitment to this cause not only addresses the need for affordable housing but also promotes the integration of people with disabilities into mainstream society.
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Impact
June, 2024
Rivendell Homes Inc's impact lies in providing affordable and accessible housing options for low-income adults with disabilities in Baltimore, Maryland. By renovating and maintaining residential rental properties under Section 811 of the National Affordable Housing Act, Rivendell Homes Inc is creating a supportive and inclusive community for individuals with disabilities. This initiative directly addresses the housing needs of a vulnerable population, promoting independence and mental well-being among its residents.
This information is meant to be a general summary of Rivendell Homes 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: $271
- Program Service Revenue: $98,996
- Gross Receipts: $99,267
Assets and Liabilities:
- Total Assets: $733,465
- Total Liabilities: $1,291,792
- Net Assets: -$558,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$98,996
Organization Details
Founding Year
2002
Phone
(410) 653-6190Principal Officer
Sendy Rommel
Main Address
3 MILFORD MILL ROAD, BALTIMORE, MD, 21208
NTEE Category
Code: F30 - Mental health
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