Overview
What is Inwood House Development Corporation?
Inwood House Development Corporation is a nonprofit organization situated in Silver Spring, Maryland, with a US address at 10921 Inwood Avenue, 20902. Their primary mission is to provide safe, affordable, and accessible housing for individuals categorized as low-income under HUD Section 8 standards and are either disabled, handicapped, or elderly. The organization operates an 150-unit apartment building, offering housing and related amenities to this specific demographic, with rental subsidies facilitated through HUD Section 8 rent programs. Inwood House Development Corporation's activities encompass providing independent living programs for low-income and disabled adults, ensuring a supportive living environment for its tenant base. With a staff of 26 employees, the nonprofit strives to enhance the quality of life for its residents.
Official website here: www.inwoodhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
Inwood House Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 92% in this category, indicating effective management of resources and financial transparency. With key strengths such as having a fully independent board and no material diversions of assets, the organization demonstrates a solid governance structure.
The accountability metrics reveal that Inwood House Development Corporation prioritizes the interests of its stakeholders. The organization boasts an impressive program expense ratio of 80.06%, suggesting that a significant portion of its funds is directed towards its mission-related programs. Furthermore, the presence of strong financial oversight mechanisms, including a functioning audit and oversight committee, enhances its credibility.
However, it is worth noting that the organization lacks a whistleblower policy, which could be seen as a limitation in its governance practices. Despite this gap, the overall assessment indicates that Inwood House Development Corporation maintains high standards, making it a reliable choice for donors who are concerned about accountability and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Inwood House Development Corporation legitimate?
Inwood House Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inwood House Development Corporation 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: $645,598
For more financial information, click here
Official website here: www.inwoodhouse.org
What is the mission statement of Inwood House Development Corporation?
Inwood House Development Corporation's mission is centered around providing independent living programs for low-income and disabled adults. The organization operates an apartment building, offering housing and related amenities to individuals who fall under these categories. Financial assistance for rent is provided through the HUD Section 8 Rent Programs. Inwood House serves as a safe, affordable, and accessible housing facility for individuals considered low-income according to HUD Section 8 standards, as well as those who are disabled, handicapped, or elderly. The primary goal of Inwood House is to help these individuals maintain their independence while ensuring a comfortable living environment.
Official website here: www.inwoodhouse.org
Who is the CEO of Inwood House Development Corporation?
Robin Y Jenkins is the President of Inwood House Development Corporation.
Official website here: www.inwoodhouse.org
What is the revenue of Inwood House Development Corporation?
Inwood House Development Corporation's revenue in 2022 was $3,056,688.
Official website here: www.inwoodhouse.org
Who are the executives of Inwood House Development Corporation and what are their salaries?
The average compensation at Inwood House Development Corporation during 2022 was $24,831. There are 26 employees and 100 volunteers at Inwood House Development Corporation.
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Official website here: www.inwoodhouse.org
Where can I find the form 990 for Inwood House Development Corporation?
Inwood House Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inwoodhouse.org
Learn more at the official website: www.inwoodhouse.org
Mission Statement of Inwood House Development Corporation
Inwood House Development Corporation, a nonprofit organization, is dedicated to providing independent living programs for low-income and disabled adults. With a mission to make a lasting impact, Inwood House operates an apartment building that offers housing and essential apartment living amenities to individuals who fall under the low-income, disabled, and elderly categories. The organization provides rental subsidy assistance through the HUD Section 8 Rent Programs, ensuring that the cost of living remains affordable for its tenants. Inwood House is committed to providing a safe, accessible, and affordable living environment, catering to individuals who are considered low-income according to HUD Section 8 standards and are either disabled, handicapped, or elderly.
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Impact
July, 2024
Inwood House Development Corporation's impact is centered around providing independent living programs for low-income and disabled adults in Silver Spring, MD. Through its operation of a 150-unit apartment building, Inwood House offers safe, affordable, and accessible rental housing for individuals who are considered low-income under HUD Section 8 standards and are disabled, handicapped, or elderly. Tenants receive rental subsidy assistance through HUD Section 8 rent programs, ensuring that those in need have a stable and supportive housing environment. This organization's focus on housing reflects its commitment to improving the lives of vulnerable populations and fostering independence within the community.
This information is meant to be a general summary of Inwood House Development Corporation. 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: $39,271
- Program Service Revenue: $654,027
- Gross Receipts: $3,056,688
Assets and Liabilities:
- Total Assets: $7,856,552
- Total Liabilities: $238,598
- Net Assets: $7,617,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$653,914
TENANT CHARGES
Revenue
$113
Organization Details
Founding Year
1978
Phone
(301) 649-6595Principal Officer
Robin Y Jenkins
Main Address
10921 INWOOD AVENUE, SILVER SPRING, MD, 20902
Website
www.inwoodhouse.orgNTEE Category
Code: L21 - Housing
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