Overview
What is Dima Ix Inc?
Dima Ix Inc is a nonprofit organization based in Wilmington, Delaware, specifically located at 2400 West 4th Street, 19805. The primary mission of this organization is to provide safe, affordable housing for individuals in the community who are living with mental illness. They endeavor to create a supportive environment, soliciting, receiving, investing, and distributing funds with the aim of achieving this goal. Dima Ix Inc's work extends beyond mere housing, as they strive to offer a comprehensive solution to those affected by mental illness, providing them with a secure place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Dima Ix Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its overall accountability and financial health. While the organization benefits from having a fully independent board and demonstrates good practices in document retention and board meeting documentation, it struggles with a high liabilities-to-assets ratio, which severely impacts its financial score.
The charity's program expense ratio of 62.60% indicates that a majority of its expenses are allocated towards its programs, which is a positive aspect. However, the concerning liabilities-to-assets ratio suggests that the organization may be overextending itself financially, which could pose risks to its sustainability and ability to fulfill its mission effectively.
In summary, while Dima Ix Inc has strengths in governance and program spending, its financial challenges and low overall rating raise red flags for potential donors and stakeholders. It is crucial for the organization to address these financial issues to improve its standing and ensure long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Dima Ix Inc legitimate?
Dima Ix Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dima Ix 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: $11,362
For more financial information, click here
What is the mission statement of Dima Ix Inc?
The mission of Dima Ix Inc is centered around providing safe and affordable housing for individuals in the community who are living with mental illness. Their main objective is to create an alternative living space for these individuals, ensuring their wellbeing. The organization actively seeks, receives, and manages funds for this specific purpose. Its primary goal is to make a tangible difference in the lives of those struggling with mental illness by offering them a safe and supportive housing environment.
Who is the CEO of Dima Ix Inc?
Joshua Thomas Phd is the President of Dima Ix Inc.
What is the revenue of Dima Ix Inc?
Dima Ix Inc's revenue in 2023 was $63,227.
Who are the executives of Dima Ix Inc and what are their salaries?
There 8 volunteers at Dima Ix Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Dima Ix Inc?
Dima Ix Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Dima Ix Inc
Dima Ix Inc, a non-profit organization, is dedicated to providing a safe and affordable living solution for individuals within the community grappling with mental illness. Their primary mission is to offer alternative housing for those in need, ensuring a secure environment for them to reside. By soliciting, receiving, investing, administering, and distributing funds, Dima Ix Inc aims to fulfill its purpose of providing housing for those struggling with mental illness. The organization also works towards managing funds earmarked for this specific cause, ensuring that the funds are utilized effectively and efficiently to achieve its mission.
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Impact
June, 2024
Dima Ix Inc's impact is profound in our community, as it provides safe and affordable housing to individuals living with mental illness. By offering an alternative housing option, the organization plays a crucial role in supporting the mental health and wellbeing of vulnerable individuals. Additionally, Dima Ix Inc's efforts to solicit, receive, invest, administer, and distribute funds for this purpose contribute significantly to addressing the housing needs of those in our community who are most in need. Overall, Dima Ix Inc's mission to provide safe, affordable housing for individuals living with mental illness makes a tangible and positive impact in Wilmington, DE, and beyond.
This information is meant to be a general summary of Dima Ix 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: $3
- Program Service Revenue: $25,080
- Gross Receipts: $63,227
Assets and Liabilities:
- Total Assets: $514,343
- Total Liabilities: $899,695
- Net Assets: -$385,352
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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
$25,080
Organization Details
Founding Year
1994
Phone
(302) 427-0787Principal Officer
Joshua Thomas Phd
Main Address
2400 WEST 4TH STREET, WILMINGTON, DE, 19805
NTEE Category
Code: F33 - Mental health
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