Overview
What is 640 Columbus Investments Inc?
640 Columbus Investments Inc is a nonprofit organization that specializes in rehabilitating housing in Columbus, Ohio. Their primary mission is to offer affordable living options for individuals with low to moderate incomes. Through their initiatives, they tailor their programs to meet the specific needs of this demographic, ensuring they have access to decent and comfortable homes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
640 Columbus Investments Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score is based solely on their accountability and finance beacon, which scored 82%. This rating reflects the organization's commitment to transparency and effective financial management, as evidenced by their high scores in several key areas.
The organization demonstrates strong governance practices, with a fully independent board of directors, which is crucial for maintaining accountability. They scored a perfect 10 out of 10 for having no material diversion of assets, and their financial statements are overseen by an audit committee, reflecting diligence in their financial oversight. Additionally, their program expense ratio of 91.07% shows that a significant portion of their resources is directed towards their programs.
However, while the organization shows excellent financial health and governance, the single focus on the accountability and finance score means that other potential aspects of the organization's impact and effectiveness remain unassessed. Overall, 640 Columbus Investments Inc appears to be a responsible steward of donations, but more detailed insights into their programmatic successes would provide a fuller picture of their overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is 640 Columbus Investments Inc legitimate?
640 Columbus Investments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 640 Columbus Investments 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 640 Columbus Investments Inc?
640 Columbus Investments Inc, through its Jaycee Manor Apartments, focuses on rehabilitating housing to offer affordable living options for individuals with low and moderate income. The company's mission is tailored towards meeting the specific needs of this demographic. By providing these affordable housing options, 640 Columbus Investments Inc contributes to improving the living standards of this segment of society. Their commitment extends beyond just offering housing, as they cater to the unique requirements of their residents. This dedication to affordable housing and meeting the needs of their demographic sets 640 Columbus Investments Inc apart.
Who is the CEO of 640 Columbus Investments Inc?
Greg Thirtyacre is the President of 640 Columbus Investments Inc.
What is the revenue of 640 Columbus Investments Inc?
640 Columbus Investments Inc's revenue in 2023 was $1,001,007.
Who are the executives of 640 Columbus Investments Inc and what are their salaries?
There 8 volunteers at 640 Columbus Investments Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for 640 Columbus Investments Inc?
640 Columbus Investments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 640 Columbus Investments Inc
640 Columbus Investments Inc, through its Jaycee Manor Apartments, is dedicated to rehabilitating housing to offer affordable living options for individuals with low to moderate income. The organization tailors its programs to meet the specific needs of this demographic, aiming to provide them with suitable housing solutions. By doing so, 640 Columbus Investments Inc contributes to enhancing the living conditions of this population segment, enabling them to reside in a secure and affordable environment.
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Impact
July, 2024
640 Columbus Investments Inc's impact is clear in its mission to provide housing for low/moderate income individuals in Columbus, OH. By rehabilitating housing and offering affordable living options, this organization directly addresses the critical need for accessible housing in the community. Through their programs tailored to the specific needs of this demographic, 640 Columbus Investments Inc plays a significant role in improving the quality of life for those who may face challenges in finding suitable housing options. They contribute to creating a more inclusive and supportive community environment by ensuring that individuals with limited financial resources have a safe and affordable place to call home.
This information is meant to be a general summary of 640 Columbus Investments 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: $1,125
- Program Service Revenue: $208,822
- Gross Receipts: $1,001,007
Assets and Liabilities:
- Total Assets: $861,973
- Total Liabilities: $342,035
- Net Assets: $519,938
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$208,822
Organization Details
Founding Year
2004
Phone
(614) 451-9000Principal Officer
Greg Thirtyacre
Main Address
1601 BETHEL ROAD, COLUMBUS, OH, 43220
NTEE Category
Code: L21 - Housing
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