Overview
What is Northwood Community Inc?
Northwood Community Inc, located in Ronan, Montana, is a nonprofit organization that aims to provide affordable housing for individuals and families with low to moderate income levels. Established with this mission, the community currently houses 38 tenants who collectively own shares within the organization. This housing alternative is essential for these residents, as they would struggle to afford their own housing without the assistance provided by Northwood Community Inc. The organization's primary objective is to make housing more accessible for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62% (Two-Star out of Four Star rating)
Northwood Community Inc has received a Two-Star rating from Charity Navigator, indicating an average level of performance within the nonprofit sector. The overall score is primarily reflective of its Accountability & Finance metrics, which also stands at 62%. The organization demonstrates some governance strengths, like having a fully independent board, a solid conflict of interest policy, and adherence to document retention practices.
However, there are notable weaknesses that impact its rating. The organization has not established an independent board size, which contributes to a lack of oversight. Additionally, it has not implemented a whistleblower policy, which is essential for ensuring transparency and accountability. The liabilities to assets ratio reveals potential financial concerns that warrant further scrutiny.
Although Northwood Community Inc manages a commendable program expense ratio, indicating effective allocation of resources to its core mission, the overall financial health and governance structure suggest areas for improvement. Stakeholders should consider these factors when assessing the charity's effectiveness and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Northwood Community Inc legitimate?
Northwood Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwood Community 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 Northwood Community Inc?
Northwood Community Inc was established with the mission to offer a housing solution for individuals and families who fall under the low to moderate income bracket. The organization's primary goal is to provide an affordable housing alternative, ensuring that those who might not be able to afford their own housing without assistance can still secure a place to live. Currently, Northwood Community Inc houses 38 tenants, who collectively own shares in the community. These tenants are low to moderate-income individuals who benefit significantly from the community's assistance in meeting their housing needs.
Who is the CEO of Northwood Community Inc?
Cynthia Lewis is the President of Northwood Community Inc.
What is the revenue of Northwood Community Inc?
Northwood Community Inc's revenue in 2022 was $141,780.
Who are the executives of Northwood Community Inc and what are their salaries?
There 2 volunteers at Northwood Community Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Northwood Community Inc?
Northwood Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northwood Community Inc
Northwood Community Inc, a nonprofit organization, was established with a mission to provide a housing alternative for individuals and families who fall under the low to moderate income bracket. Recognizing the challenge these individuals face in affording their own housing, Northwood Community Inc offers a solution by offering shares in the community to its tenants. Currently, the community houses 38 tenants, all of whom are low to moderate-income individuals who would struggle to afford housing without the assistance provided by Northwood Community Inc. The organization's mission is to help these individuals secure affordable housing, thereby improving their overall living conditions.
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Impact
October, 2024
Northwood Community Inc significantly impacts the lives of individuals and families with low to moderate income levels by providing a sustainable housing alternative. Located in Ronan, MT, the community currently supports 38 tenants who collectively own shares in their housing. This ownership model empowers residents, enabling them to secure stable living conditions that would otherwise be unaffordable. By fostering a sense of community and shared responsibility, Northwood Community Inc not only addresses immediate housing needs but also promotes long-term stability and economic resilience for its residents.
This information is meant to be a general summary of Northwood Community 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: $5
- Program Service Revenue: $141,775
- Gross Receipts: $141,780
Assets and Liabilities:
- Total Assets: $1,214,742
- Total Liabilities: $1,183,690
- Net Assets: $31,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOT RENT AND OTHER TEN
Revenue
$141,775
Organization Details
Founding Year
2014
Phone
(406) 274-3334Principal Officer
Cynthia Lewis
Main Address
41652 HWY 93 FRONTAGE ROAD, RONAN, MT, 59864
NTEE Category
Code: L82 - Housing
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