Overview
What is Wesley Housing Development Corporation Of Northern Virginia?
Wesley Housing Development Corporation of Northern Virginia is a dedicated nonprofit organization that focuses on providing affordable housing solutions to low-income individuals, seniors, and individuals with disabilities. Based in Alexandria, Virginia, the corporation manages approximately 1,800 affordable housing units in Northern Virginia and Washington, D.C., with an additional 400 units under development. Their mission is to develop, own, operate, preserve, and maintain affordable housing, aiming to create sustainable communities for individuals with moderate incomes. The corporation's services extend beyond housing, offering tenant services to cater to the needs of its residents. With a team of 152 dedicated employees, Wesley Housing Development Corporation of Northern Virginia continues its mission to promote affordable housing and improve the lives of those in need.
Official website here: www.wesleyhousing.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 94% (Four-Star out of Four Stars)** ar)**
Wesley Housing Development Corporation of Northern Virginia has received a Four-Star rating from Charity Navigator, reflecting its excellence in accountability and finance. With a score of 96 in this category, the organization demonstrates strong governance practices, including an independent board of directors and robust audit oversight. The organization’s low liability-to-asset ratio further underscores its sound financial health.
The nonprofit excels in community engagement, with a near-perfect score of 100 in constituent feedback, indicating it actively seeks and incorporates input from those it serves. Its leadership shows exceptional adaptability and strategic planning, both scoring a perfect 100. However, areas like data collection and program reporting present some limitation, with scores indicating room for improvement.
While user reviews from GreatNonprofits are unavailable, the overall ratings and performance metrics suggest a strong organizational commitment to its mission. This combination of financial prudence and community responsiveness contributes to Wesely Housing's positive reputation as a nonprofit actively working to make a difference in Northern Virginia.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Housing Development Corporation Of Northern Virginia legitimate?
Wesley Housing Development Corporation Of Northern Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Housing Development Corporation Of Northern Virginia 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: $1,397,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wesleyhousing.org
What is the mission statement of Wesley Housing Development Corporation Of Northern Virginia?
Wesley Housing Development Corporation of Northern Virginia is committed to developing, owning, operating, preserving, and maintaining affordable housing units for individuals with low and moderate income levels. Their mission is to sustain quality communities by providing affordable housing options, ensuring these individuals can reside comfortably. Through their ownership and management of affordable housing projects, they offer affordable living spaces to low-income individuals, seniors, and persons with disabilities. Moreover, they offer tenant services to support these residents, demonstrating their dedication to their community's well-being. Currently, the corporation manages approximately 1,800 affordable units in Northern Virginia and Washington, D.C., with another 400 units under development, reflecting their ongoing commitment to affordable housing solutions.
Official website here: www.wesleyhousing.org
Who is the CEO of Wesley Housing Development Corporation Of Northern Virginia?
Kamilah Mcafee is the Board Member of Wesley Housing Development Corporation Of Northern Virginia. The CEO's salary of Wesley Housing Development Corporation Of Northern Virginia is $245,000 and their total compensation is $268,602.
Official website here: www.wesleyhousing.org
What is the revenue of Wesley Housing Development Corporation Of Northern Virginia?
Wesley Housing Development Corporation Of Northern Virginia's revenue in 2022 was $11,248,195.
Official website here: www.wesleyhousing.org
Who are the executives of Wesley Housing Development Corporation Of Northern Virginia and what are their salaries?
The average compensation at Wesley Housing Development Corporation Of Northern Virginia during 2022 was $9,195. There are 152 employees at Wesley Housing Development Corporation Of Northern Virginia.
Here are 19 key members and their salaries (Wesley Housing Development Corporation Of Northern Virginia's CEO's salary is $245,000 and their total compensation is $268,602):
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- Compensation: $245,000
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- Other: $23,602
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- Compensation: $211,000
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- Compensation: $177,692
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- Other: $13,741
- Compensation: $117,692
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- Other: $6,025
- Compensation: $114,414
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- Other: $12,272
Official website here: www.wesleyhousing.org
Where can I find the form 990 for Wesley Housing Development Corporation Of Northern Virginia?
Wesley Housing Development Corporation Of Northern Virginia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wesleyhousing.org
Learn more at the official website: www.wesleyhousing.org
Mission Statement of Wesley Housing Development Corporation Of Northern Virginia
Wesley Housing Development Corporation of Northern Virginia is dedicated to a mission that involves developing, owning, operating, preserving, and maintaining affordable housing units for low- and moderate-income individuals. This nonprofit organization strives to create and sustain high-quality communities, providing a home for those who may struggle financially. Through its ownership and management of affordable housing projects, Wesley Housing Development Corporation of Northern Virginia offers affordable living spaces to low-income individuals, seniors, and persons with disabilities. The corporation extends its services beyond just housing by also offering tenant services to these residents. Currently, the organization manages approximately 1,800 affordable housing units in Northern Virginia and Washington, D.C., with an additional 400 units under development, demonstrating their commitment to addressing the housing needs of their community.
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Impact
July, 2024
Wesley Housing Development Corporation of Northern Virginia provides essential services that assist in the development of affordable housing for low and moderate-income individuals. The organization's impact is evident through its ownership and management of affordable housing projects, providing a vital resource for low-income individuals, seniors, and persons with disabilities. Currently, the corporation owns, invests in, and operates approximately 1,800 affordable units in Northern Virginia and Washington, D.C., with another 400 units under development. By offering affordable housing and tenant services, Wesley Housing Development Corporation positively impacts the lives of individuals in need of quality, affordable housing options in the region.
This information is meant to be a general summary of Wesley Housing Development Corporation Of Northern Virginia. 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: $497,351
- Program Service Revenue: $5,934,027
- Gross Receipts: $11,248,195
Assets and Liabilities:
- Total Assets: $38,314,671
- Total Liabilities: $11,474,772
- Net Assets: $26,839,899
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$1,927,617
SETTLEMENT INCOME
Revenue
$1,500,000
PROPERTY MANAGEMENT FEES
Revenue
$998,541
RENTAL INCOME
Revenue
$546,216
ASSET MANAGEMENT FEES
Revenue
$468,261
Organization Details
Founding Year
1974
Phone
(703) 642-3830Principal Officer
Kamilah Mcafee
Main Address
2311 HUNTINGTON AVENUE, ALEXANDRIA, VA, 22303
Website
www.wesleyhousing.orgNTEE Category
Code: L21 - Housing
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