Overview
What is Region 8 - Rad Inc?
Region 8 - Rad Inc is a nonprofit organization based in Gulfport, Mississippi. Their primary mission is to manage, lease, operate, and maintain affordable assisted and low-income housing units. By providing this service, they contribute to making housing accessible for individuals and families who might otherwise struggle with these costs. The organization's work aims to promote a sense of community and stability within these housing units, ensuring they are well-maintained and functional for their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 65%)
Region 8 - Rad Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization excels in accountability and finance, achieving a perfect score in this category, which reflects strong governance practices such as having a majority of independent board members and no material diversion of assets.
However, there are notable limitations in their policies. The organization lacks critical governance documents, such as a whistleblower policy and a document retention and destruction policy, which contributed to lower scores in those areas. Additionally, the liabilities to assets ratio is significantly high at 324.70%, raising concerns about financial stability despite a high program expense ratio of 97.60%, suggesting that the majority of funds are directed towards their programs.
This AI summary has been generated from information found on Charity Navigator.
Is Region 8 - Rad Inc legitimate?
Region 8 - Rad Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Region 8 - Rad 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:
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What is the mission statement of Region 8 - Rad Inc?
Region 8 - Rad Inc's main objective is to manage, lease, operate, and maintain affordable assisted and low-income housing. This non-profit organization is dedicated to providing housing solutions for individuals and families who fall under these income categories, ensuring they have access to safe and affordable living spaces. By managing these properties, Rad Inc contributes to the well-being and stability of its residents, making a significant impact in their day-to-day lives.
Who is the CEO of Region 8 - Rad Inc?
Justin Brooks is the Director of Region 8 - Rad Inc.
What is the revenue of Region 8 - Rad Inc?
Region 8 - Rad Inc's revenue in 2022 was $35,385.
Who are the executives of Region 8 - Rad Inc and what are their salaries?
Here are 17 key members and their salaries:
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- Related: $154,681
- Other: $40,230
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- Related: $111,423
- Other: $32,927
Where can I find the form 990 for Region 8 - Rad Inc?
Region 8 - Rad Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Region 8 - Rad Inc
Region 8 - Rad Inc, as a nonprofit organization, is committed to managing, leasing, operating, and maintaining affordable assisted and low-income housing. Their mission is centered around providing accessible living spaces for individuals and families who fall under these income categories. The organization takes on the responsibility of operating and maintaining these properties, ensuring they remain in good condition and remain affordable for their residents. This mission is crucial in addressing the housing needs of a significant portion of the population, thereby contributing to a more equitable living environment.
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Impact
August, 2024
Region 8 - Rad Inc's impact lies in providing and managing affordable assisted and low-income housing in Gulfport, MS. Through their mission to manage, lease, operate, and maintain such housing, they contribute to improving the availability of housing options for those in need within the community. Their work helps ensure that individuals and families have access to safe and affordable housing, ultimately supporting community development and well-being.
This information is meant to be a general summary of Region 8 - Rad 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.
- Program Service Revenue: $35,385
- Gross Receipts: $35,385
Assets and Liabilities:
- Total Assets: $82,868
- Total Liabilities: $269,077
- Net Assets: -$186,209
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING PROGRAM MANAGEMENT FEES
Revenue
$35,385
Organization Details
Founding Year
2015
Phone
(228) 831-2992Principal Officer
Justin Brooks
Main Address
PO BOX 2347, Gulfport, MS, 395052347
NTEE Category
Code: L01 - Housing
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