Overview
What is Dc Housing Solutions Inc?
Dc Housing Solutions Inc is a nonprofit organization situated in Washington D.C., specifically at 1133 North Capitol Street NE, 20002. Their primary mission is to facilitate the development of affordable housing and related facilities, aiming to alleviate governmental burdens. One of their projects includes revitalizing the Parkway Overlook Apartments, a 266-unit complex that was closed due to poor conditions in 2008. Upon completion, the rehabilitated property will offer 220 units, with 59 designated as affordable housing, featuring three-bedroom units. Additionally, Dc Housing Solutions Inc is involved in the Hope VI project, Square 882N, which is a 23-acre tract located in Washington D.C., offering 707 affordable housing units. This revitalization project includes the replacement of demolished public housing units with over 1,600 new rental and home ownership units, fostering a thriving community. Notably, this neighborhood also houses the National Baseball League's Nationals Ballpark, which opened in 2008.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Very poor (20%)
Dc Housing Solutions Inc has received a very poor rating of 20% from Charity Navigator, indicating significant challenges in its accountability and financial practices. The organization has a zero-star rating, which highlights the need for substantial improvement in its governance structures and operational transparency. The score for accountability and finance is heavily impacted by various metrics indicating a lack of independent board members and deficiencies in adherence to best practices.
The organization scored 0 out of 10 points for having a majority of independent board members and a similar score for the independent board size, raising concerns about effective oversight. Although it received positive marks for its whistleblower and conflict of interest policies, other areas such as document retention and the publication of tax forms on its website are notably lacking. This indicates potential issues in maintaining proper governance and accountability standards.
Despite some strengths in material asset diversion and board meeting documentation, the overall financial health of the organization appears to be a concern with a poor program expense ratio and liabilities to assets ratio. These factors may impede its ability to effectively serve its mission and sustain operations in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Dc Housing Solutions Inc legitimate?
Dc Housing Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dc Housing Solutions 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: $0
For more financial information, click here
What is the mission statement of Dc Housing Solutions Inc?
Dc Housing Solutions Inc's mission is centered around facilitating the development of affordable housing and related facilities. The organization operates with the purpose of reducing the burden on the government in this regard. One of their projects involves the rehabilitation of the Parkway Overlook Apartments, a formerly abandoned complex with 220 units, 59 of which will be affordable with three-bedroom units. Another project, Square 882N, is a 23-acre tract that was once a HOPE VI project, offering 707 units. This revitalized area provides a one-for-one replacement of demolished public housing units while creating over 1,600 new rental and home ownership units. The first phase of this project was completed in 2007, and it is located in an area that also includes the National Baseball League's Nationals Ballpark.
Who is the CEO of Dc Housing Solutions Inc?
John H Sarah is the Chief Executive Officer of Dc Housing Solutions Inc. The CEO's salary of Dc Housing Solutions Inc is $0 and their total compensation is $134,370.
What is the revenue of Dc Housing Solutions Inc?
Dc Housing Solutions Inc's revenue in 2022 was $23,987.
Who are the executives of Dc Housing Solutions Inc and what are their salaries?
Here are 10 key members and their salaries (Dc Housing Solutions Inc's CEO's salary is $0 and their total compensation is $134,370):
- Compensation: $0
- Related: $130,920
- Other: $3,450
- Compensation: $0
- Related: $158,707
- Other: $13,025
- Compensation: $0
- Related: $197,450
- Other: $1,723
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
Where can I find the form 990 for Dc Housing Solutions Inc?
Dc Housing Solutions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dc Housing Solutions Inc
Dc Housing Solutions Inc, a nonprofit organization, is dedicated to facilitating the development of affordable housing and related facilities. The organization's primary purpose is to lessen the burden on the government by developing housing properties. One of their notable projects is the Parkway Overlook Dwelling, an abandoned 266-unit apartment complex that was closed due to deteriorating conditions by the District of Columbia and HUD in 2008. Although still in pre-development stages, this project will eventually transform into a rehabilitated property, offering 220 units, 59 of which will be affordable, with three-bedroom units.
Another significant project undertaken by Dc Housing Solutions Inc is Square 882N, a 23-acre tract located in Washington, D.C. This Hope VI project, which was once a public housing project, now boasts 707 units. The revitalized area provides one-for-one replacement of the demolished public housing units, maintaining the original development's footprint. The development plan envisions more than 1,600 new rental and home ownership units, aiming to foster a thriving community. The first phase of this project opened in 2007. This neighborhood also houses the National Baseball League's Nationals Ballpark, which opened in the spring of 2008. Dc Housing Solutions Inc's mission is to contribute to the development of affordable housing, ultimately alleviating the government's burden in this area.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Dc Housing Solutions Inc's impact lies in facilitating the development of affordable housing and related facilities, lessening the burden on the government. By engaging in projects like the rehabilitation of the Parkway Overlook Apartments and the Square 882N Owner and Affordable developments, this organization revitalizes neighborhoods and provides much-needed housing options, including affordable units. Through its mission-driven activities, Dc Housing Solutions Inc contributes to creating thriving communities and addressing the critical issue of affordable housing in Washington, DC.
This information is meant to be a general summary of Dc Housing Solutions 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 2022.
- Investment Income: $23,987
- Gross Receipts: $23,987
Assets and Liabilities:
- Total Assets: $54,411,283
- Total Liabilities: $4,332,318
- Net Assets: $50,078,965
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(202) 535-1000Principal Officer
John H Sarah
Main Address
1133 NORTH CAPITOL STREET NE, WASHINGTON, DC, 20002
NTEE Category
Code: L20 - Housing
If you are a representative of Dc Housing Solutions Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.