Overview
What is Jubilee Housing Inc?
Jubilee Housing Inc is a nonprofit organization based in Washington, D.C., dedicated to providing quality, safe, and affordable housing for residents. In 2022, they expanded their portfolio, hosting more than eight hundred residents across thirteen properties. Their team introduced professional practices, including annual fair housing training and online portals for residents. The organization also pursued housing stabilization grants to bridge the gap in rental support. One of their programs, the Reentry Transitional Housing Program (RTHP), has been operating for eleven years, providing housing, community support, and comprehensive services to returning citizens. Jubilee Housing Inc aims to enable maximum inclusion and help returning citizens live, work, and thrive in the community. They were among the few organizations selected to receive housing vouchers from the Mayor's Office on Returning Citizen Affairs. Additionally, they partnered with CAI Global to offer SUCCEED training, which supports residents as they gain employment, recover from substance use and mental health challenges, build savings, and obtain permanent housing. In 2022, Jubilee Housing Inc continued to grow, reaching significant milestones in three major projects that aim to preserve and expand deeply affordable housing in Adams Morgan, Columbia Heights, and Mount Pleasant.
Official website here: www.jubileehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Jubilee Housing Inc has received a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in various operational aspects. The organization scored particularly high in Culture & Community (90) and Leadership & Adaptability (85), indicating a robust internal culture and effective leadership. With a high percentage of independent board members (94%) and strong financial oversight, Jubilee Housing demonstrates a commitment to accountability and sound financial practices.
User feedback underscores the positive impact Jubilee Housing has had in the Adams-Morgan neighborhood of Washington, D.C. Clients and volunteers alike praise the organization for providing affordable housing and essential wrap-around services in a gentrifying area. Reviewers highlighted personal experiences of trust and reliability, showcasing Jubilee Housing as a valuable resource for those seeking assistance in home ownership and stability.
While the organization has notable strengths, its Program Expense Ratio is at 73.95%, which suggests that there may be areas for improvement in how it allocates funds towards its programs. Nevertheless, the overall feedback indicates that Jubilee Housing is well-managed and has a significant positive presence in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Jubilee Housing Inc legitimate?
Jubilee Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jubilee Housing 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: $23,083
Other Salaries and Wages: $4,046,844
For more financial information, click here
Official website here: www.jubileehousing.org
What is the mission statement of Jubilee Housing Inc?
Jubilee Housing Inc's mission is to create diverse, compassionate communities that offer opportunities for everyone to thrive. They achieve this through their Justice Housing model, which includes deeply affordable homes and on-site or nearby services in resource-rich areas. Jubilee Housing advances their mission via four primary areas: real estate development, property management, financing, and comprehensive programs for children, families, seniors, returning citizens, and others. Their programs prioritize providing housing and resource stability, financial security, community, and health and wellness. Jubilee Housing envisions a world where access to basic resources and opportunities are accessible to all people, enabling them to live out these opportunities within a supportive community and reach their full potential.
Official website here: www.jubileehousing.org
Who is the CEO of Jubilee Housing Inc?
James D Knight is the Vice Chair of Jubilee Housing Inc. The CEO's salary of Jubilee Housing Inc is $130,663 and their total compensation is $130,663.
Official website here: www.jubileehousing.org
What is the revenue of Jubilee Housing Inc?
Jubilee Housing Inc's revenue in 2022 was $12,840,901.
Official website here: www.jubileehousing.org
Who are the executives of Jubilee Housing Inc and what are their salaries?
The average compensation at Jubilee Housing Inc during 2022 was $79,350. There are 51 employees and 82 volunteers at Jubilee Housing Inc.
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Official website here: www.jubileehousing.org
Where can I find the form 990 for Jubilee Housing Inc?
Jubilee Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jubileehousing.org
Learn more at the official website: www.jubileehousing.org
Mission Statement of Jubilee Housing Inc
Jubilee Housing, a mission-driven organization, aims to construct diverse and compassionate communities that offer opportunities for everyone to flourish. Through their innovative Justice Housing Model, they provide affordable homes integrated with on-site and nearby resources in thriving neighborhoods. Jubilee Housing pursues this goal via four main areas: real estate development, property management, financing, and comprehensive programs.
Their efforts in real estate development and property management yield deeply affordable homes, ensuring residents have a stable foundation. Financing initiatives support access to resources, fostering financial security. Comprehensive programs cater to children, families, seniors, returning citizens, and other community members, focusing on housing and resource stability, financial security, community building, and health and wellness. Jubilee Housing envisions a city and a world where basic resources and opportunities are accessible to all people, allowing them to thrive in a supportive community.
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Impact
October, 2024
Jubilee Housing Inc. significantly impacts the community by addressing the critical need for affordable housing and support services. Through its Justice Housing model, it offers deeply affordable homes alongside essential onsite and community resources, fostering an environment where residents can thrive holistically.
In 2022 alone, Jubilee expanded its reach from 500 to over 800 residents by increasing its properties from ten to thirteen. This growth was achieved while maintaining a commitment to high-quality, safe, and affordable housing. The organization implemented best practices in property management, enhancing residents' experiences through initiatives like online maintenance requests and annual fair housing training for staff.
One of Jubilee's standout initiatives is its Reentry Transitional Housing Program, which has been pivotal for returning citizens. By providing stable housing and crucial services, the program aims to integrate individuals back into the community successfully. In 2022, 46 returning citizens found a fresh start through this program, equipped with housing vouchers that facilitate their transition to affordable housing across the city.
Moreover, Jubilee partnered with CAI Global to launch the SUCCEED training program, supporting residents in employment, recovery from substance use and mental health challenges, and securing permanent housing. This comprehensive support system helps individuals navigate significant life challenges while fostering resilience and self-sufficiency.
In terms of real estate development, Jubilee has reached important milestones with major projects like the Ontario Place and Mount Pleasant Preservation Project. These developments include family-sized units to meet a citywide demand and introduce job training programs, enhancing the economic opportunity for residents. The aim is to build a continuum of housing options, particularly for vulnerable populations, ensuring access to resources that promote long-term stability.
Overall, Jubilee Housing Inc. is instrumental in creating compassionate communities rooted in justice and inclusivity, providing pathways for economic empowerment and personal growth. Through its multifaceted approach, it seeks to ensure that all individuals have access to the resources and opportunities necessary to live fulfilling lives.
This information is meant to be a general summary of Jubilee Housing 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 2022.
- Investment Income: $3,846,085
- Program Service Revenue: $3,325,564
- Gross Receipts: $32,835,855
Assets and Liabilities:
- Total Assets: $118,930,883
- Total Liabilities: $88,709,376
- Net Assets: $30,221,507
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,272,114
PAYROLL REIMBURSEMENTS
Revenue
$426,791
DEVELOPER FEE INCOME
Revenue
$319,250
PARTNERSHIP INCOME
Revenue
$182,304
MANAGEMENT FEE INCOME
Revenue
$125,105
Organization Details
Founding Year
1973
Phone
(202) 299-1240Principal Officer
James D Knight
Main Address
1631 EUCLID STREET NW P-5, WASHINGTON, DC, 20009
Website
www.jubileehousing.orgNTEE Category
Code: L00 - Housing
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