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Dima Iv Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 510351259 ✦ Wilmington, DE ✦ Designated as a 501(c)(3)

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Overview

What is Dima Iv Inc?

Dima Iv Inc is a dedicated nonprofit organization situated in Wilmington, Delaware. Their primary mission is to provide safe and affordable housing for individuals in the community battling mental illness. They aim to collect, manage, and distribute funds to support this cause. By offering a secure living environment, Dima Iv Inc seeks to contribute positively to the lives of those affected by mental illness.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two Stars (Needs Improvement) - Score: 60%

Dima Iv Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization has a relatively high majority of independent board members, which is a positive sign for governance. However, several essential governance policies, such as a conflict of interest and whistleblower policy, are missing, suggesting potential vulnerabilities in its operational transparency.

The organization’s financial health is mixed, showing a high program expense ratio of 66.31%, which reflects a commitment to its charitable mission. However, the liabilities to assets ratio is concerning at 213.21%, raising questions about financial stability. Additionally, the organization does not have a listed website on its tax form, which is a critical aspect of transparency for donors.

Overall, while Dima Iv Inc demonstrates some strengths in governance and program expenses, significant gaps in essential policy frameworks and financial ratios indicate areas that require attention and improvement. Addressing these issues could enhance the organization’s performance and donor confidence.


This AI summary has been generated from information found on Charity Navigator.

Is Dima Iv Inc legitimate?

Dima Iv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dima Iv 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: $18,263

For more financial information, click here

What is the mission statement of Dima Iv Inc?

Dima Iv Inc, as an organization, is committed to providing safe and affordable housing for individuals in the community who are battling mental illness. Their mission is to ensure that these individuals have a suitable living space, thereby enhancing their quality of life. To achieve this goal, they solicit, receive, invest, administer, and distribute funds specifically for this purpose. They strive to make housing accessible and affordable, recognizing the unique challenges faced by individuals living with mental illness.

Who is the CEO of Dima Iv Inc?

Joshua Thomas Phd is the President of Dima Iv Inc.

What is the revenue of Dima Iv Inc?

Dima Iv Inc's revenue in 2023 was $101,348.

Who are the executives of Dima Iv Inc and what are their salaries?

There 8 volunteers at Dima Iv Inc.


Here are 8 key members and their salaries:


Joshua Thomas Phd (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Merton Briggs (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Mcnally (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Bozeman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Simon Shute (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Burley Melton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Deleonardo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Barbieri (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Dima Iv Inc?

Dima Iv Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Dima Iv Inc

Dima Iv Inc, a nonprofit organization, is committed to providing safe and affordable housing for individuals in the community who are living with mental illness. Their mission is to offer a sanctuary for these individuals, ensuring they have a secure place to call home. The organization takes on the role of soliciting, receiving, investing, administering, and distributing funds with the intent of fulfilling this objective. Dima Iv Inc strives to make a significant impact in the lives of those struggling with mental illness, offering them a stable living environment.

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Impact




October, 2024

Dima Iv Inc significantly impacts the Wilmington community by addressing the crucial need for safe and affordable housing for individuals living with mental illness. By providing stable housing options, the organization helps to foster a sense of security and dignity, enabling residents to focus on their mental health and recovery.

The organization actively solicits, receives, and manages funds to support its mission, ensuring that resources are allocated effectively to those in need. By prioritizing mental health, Dima Iv Inc not only enhances the quality of life for its residents but also promotes broader community well-being by reducing stigma and encouraging inclusive support systems for mental health challenges.

In summary, Dima Iv Inc plays a vital role in empowering individuals with mental illness by offering them the stability of safe housing, ultimately contributing to their personal development and reintegration into the community.




This information is meant to be a general summary of Dima Iv 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.

Revenue
$101,348 (2023)
Expenses
$131,652 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3,518
  • Program Service Revenue: $53,542
  • Gross Receipts: $101,348

Assets and Liabilities:

  • Total Assets: $565,178
  • Total Liabilities: $1,205,038
  • Net Assets: -$639,860

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT REVENUE - TENANT PORTION

Revenue

$53,542

Organization Details

Founding Year

1993

Principal Officer

Joshua Thomas Phd

Main Address

2400 WEST 4TH STREET, WILMINGTON, DE, 19805

NTEE Category

Code: L20Z - Housing

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