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Dima V Inc

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

EIN: 510362626 ✦ Wilmington, DE ✦ Designated as a 501(c)(3)

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Overview

What is Dima V Inc?

Dima V Inc is a nonprofit organization situated in Wilmington, Delaware, with the primary aim of offering safe and affordable housing for individuals in the community struggling with mental illness. The organization's mission is to collect, manage, and distribute funds specifically for this purpose. Dima V Inc serves as a vital resource, working tirelessly to provide a supportive environment for those battling mental illness, contributing to their overall well-being and community integration.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Dima V Inc has received a two-star rating from Charity Navigator, indicating that the organization is functioning below optimal standards with an overall score of 72%. The nonprofit demonstrates solid governance practices, achieving full points in areas like independent board members, board size, and policies regarding whistleblowers and document retention. The program expense ratio is also commendable at 75%, suggesting that a significant portion of funds is directed towards its programs.

However, there are notable weaknesses in Dima V Inc's financial practices, particularly with a liabilities to assets ratio of 204.86%, which raises concerns about its financial stability. Additionally, the organization has not posted its tax form on its website and lacks a conflict of interest policy, both of which detract from its accountability and transparency.

Overall, while Dima V Inc shows strengths in governance and program spending, the significant issues in financial management and the absence of critical policies signal a need for improvement to enhance its operational effectiveness and public trust.


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

Is Dima V Inc legitimate?

Dima V Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dima V 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: $11,997

For more financial information, click here

What is the mission statement of Dima V Inc?

Dima V Inc, as an organization, is committed to providing a safe and affordable housing solution for individuals in the community who are battling mental illness. Their mission is to solicit, receive, invest, administer, and distribute funds specifically aimed at achieving this purpose. The organization's primary goal is to make housing more accessible and secure for these individuals, thereby contributing positively to their overall well-being.

Who is the CEO of Dima V Inc?

Joshua Thomas is the President of Dima V Inc.

What is the revenue of Dima V Inc?

Dima V Inc's revenue in 2022 was $64,667.

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

There 9 volunteers at Dima V Inc.


Here are 9 key members and their salaries:


Joshua Thomas (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
Sarah Galbraith (Board Member)
  • 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 V Inc?

Dima V Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Dima V Inc

Dima V Inc, a nonprofit organization, is dedicated to providing a solution for those in the community struggling with mental illness. Their mission is centered around offering safe and affordable housing options. This mission is twofold; firstly, Dima V Inc aims to provide a residence for individuals living with mental illness, ensuring their well-being and security. Secondly, the organization undertakes the task of soliciting, receiving, investing, administering, and distributing funds for this specific purpose. By doing so, they are able to contribute significantly to the lives of those in need, providing them with a stable living environment that fosters their recovery and overall improvement.

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Impact




August, 2024

Dima V Inc's impact lies in providing safe and affordable housing to individuals in our community who are living with mental illness. By addressing this critical need, Dima V Inc plays a vital role in supporting the well-being and stability of vulnerable individuals, contributing to their overall quality of life. Through their mission to solicit, receive, invest, administer, and distribute funds for this purpose, Dima V Inc directly assists those struggling with mental illness in securing a stable living environment, ultimately fostering a more supportive and inclusive community.




This information is meant to be a general summary of Dima V 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
$64,667 (2022)
Expenses
$109,415 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,329
  • Program Service Revenue: $30,290
  • Gross Receipts: $64,667

Assets and Liabilities:

  • Total Assets: $452,119
  • Total Liabilities: $894,694
  • Net Assets: -$442,575

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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

$30,290

Organization Details

Founding Year

1994

Principal Officer

Joshua Thomas

Main Address

2400 WEST FOURTH STREET, WILMINGTON, DE, 19805

NTEE Category

Code: L21 - Housing

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