Overview
What is Archway Investment Corporation Inc?
Archway Investment Corporation Inc, situated in Denver, Colorado, is a dedicated nonprofit organization. Its primary mission is to create affordable housing opportunities for families and seniors with modest incomes. This mission is embodied in their daily activities, which involve developing and constructing homes that cater to this demographic, ensuring they have access to comfortable and affordable living spaces. The organization's commitment extends beyond just building homes, as it works towards enhancing the living conditions of its target community, contributing positively to their overall quality of life.
Official website here: www.archwayhousing.org
What are the reviews and ratings of this charity?
**Rating: 88% - Three-Star out of Four Star Rating (Charity Navigator)**
Archway Investment Corporation Inc has secured an 88% score from Charity Navigator, reflecting strong Accountability & Finance. The charity's governance is notable, with a fully independent board and comprehensive financial oversight. However, the lack of policies regarding whistleblowing and document retention indicates some gaps in operational transparency.
The organization maintains a robust program expense ratio, demonstrating its commitment to programmatic spending. While it has no material diversions of assets and effectively manages its liabilities, certain data, such as salaries of key personnel and a complete impact measurement, are currently unavailable.
Unfortunately, user reviews from GreatNonprofits could not be accessed. Overall, while Archway Investment Corporation Inc shows commendable strengths in governance and financial management, addressing its policy gaps could enhance its accountability and transparency further.
This AI summary has been generated from information found on Charity Navigator.
Is Archway Investment Corporation Inc legitimate?
Archway Investment Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Archway Investment Corporation 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: $418,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $736,108
For more financial information, click here
Official website here: www.archwayhousing.org
What is the mission statement of Archway Investment Corporation Inc?
Archway Investment Corporation Inc, as its mission, focuses on developing affordable housing options for families and seniors with moderate to low income levels. This organization is dedicated to addressing the housing needs of this demographic, ensuring they have access to suitable living spaces. By developing affordable housing, Archway Investment Corporation Inc contributes to improving the living conditions and quality of life for these individuals. The organization's activities primarily revolve around affordable housing development, aiming to make housing more accessible and affordable for those in need.
Official website here: www.archwayhousing.org
Who is the CEO of Archway Investment Corporation Inc?
George Kelly is the President of Archway Investment Corporation Inc.
Official website here: www.archwayhousing.org
What is the revenue of Archway Investment Corporation Inc?
Archway Investment Corporation Inc's revenue in 2022 was $8,113,780.
Official website here: www.archwayhousing.org
Who are the executives of Archway Investment Corporation Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $268,181
- Other: $36,204
- Compensation: $0
- Related: $150,287
- Other: $19,517
Official website here: www.archwayhousing.org
Where can I find the form 990 for Archway Investment Corporation Inc?
Archway Investment Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.archwayhousing.org
Learn more at the official website: www.archwayhousing.org
Mission Statement of Archway Investment Corporation Inc
Archway Investment Corporation Inc, as a nonprofit organization, is dedicated to an important mission. Its primary objective is to develop affordable housing options for families and seniors who fall into the low and moderate income brackets. This mission is carried out through various developmental initiatives, all aimed at providing suitable living arrangements for those in need. The organization's focus on affordable housing is a significant contribution to ensuring that everyone, regardless of their income level, has access to a decent place to live.
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Impact
July, 2024
Archway Investment Corporation Inc has a significant impact on the community by developing affordable housing for low and moderate-income families and seniors in Denver, CO. Their mission to provide affordable housing solutions directly addresses the pressing need for accessible and safe housing for these vulnerable populations. By offering affordable housing options, Archway Investment Corporation Inc contributes to enhancing the quality of life for individuals and families in need, promoting economic stability, and fostering a sense of community within the area. Their proactive approach in addressing the housing challenges faced by low and moderate-income individuals showcases their commitment to making a positive impact on the community.
This information is meant to be a general summary of Archway Investment Corporation 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: $4,888,900
- Program Service Revenue: $2,017,682
- Gross Receipts: $23,079,989
Assets and Liabilities:
- Total Assets: $19,176,389
- Total Liabilities: $3,463,218
- Net Assets: $15,713,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$1,792,812
INTEREST ON LOANS
Revenue
$165,452
MANAGEMENT FEES
Revenue
$59,418
Organization Details
Founding Year
2013
Phone
(303) 561-1870Principal Officer
George Kelly
Main Address
8585 WEST 14TH AVE, DENVER, CO, 80215
Website
www.archwayhousing.orgNTEE Category
Code: L20 - Housing
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