Overview
What is National Capital B'Nai B'Rith Housing Foundation Inc?
National Capital B'Nai B'Rith Housing Foundation Inc is a nonprofit organization situated in Silver Spring, Maryland. Its primary mission is to offer affordable housing and essential services to elderly individuals with low income and adults with qualifying physical disabilities. This is achieved by providing 235 rental apartments, ensuring that these individuals have a secure living space. The foundation's goal is to enrich the lives of those in need, contributing positively to their well-being.
Official website here: www.homecresthouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The National Capital B'Nai B'Rith Housing Foundation Inc has secured a solid Three-Star rating from Charity Navigator, reflecting its effective accountability and financial management practices. This rating is derived solely from an impressive Accountability & Finance score, which indicates a strong commitment to transparency and governance.
One of the significant strengths of the organization is its independent board structure, with all members being independent, showcasing a commitment to impartial oversight. Additionally, the foundation demonstrates a high level of compliance with financial oversight mechanisms, including having an audit and oversight committee in place. The organization also excels in its program expense ratio, indicating that it allocates a substantial portion of its resources directly to its programs.
However, the organization faces a challenge with its liabilities to assets ratio, which received no points. This suggests potential concerns about financial obligations compared to its total assets. Overall, while the foundation shows commendable financial responsibility and governance, it may need to address its financial leverage to enhance its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is National Capital B'Nai B'Rith Housing Foundation Inc legitimate?
National Capital B'Nai B'Rith Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Capital B'Nai B'Rith Housing Foundation 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: $0
For more financial information, click here
Official website here: www.homecresthouse.org
What is the mission statement of National Capital B'Nai B'Rith Housing Foundation Inc?
The National Capital B'Nai B'Rith Housing Foundation Inc has a mission to provide affordable housing and necessary services to low-income elderly individuals and adults with qualifying physical disabilities. Their primary activity includes offering 235 rental apartments for these individuals, ensuring they have a suitable living environment. The foundation's purpose is to contribute to their well-being and improve their quality of life.
Official website here: www.homecresthouse.org
Who is the CEO of National Capital B'Nai B'Rith Housing Foundation Inc?
Carol Cohen Wolfe is the Director of National Capital B'Nai B'Rith Housing Foundation Inc.
Official website here: www.homecresthouse.org
What is the revenue of National Capital B'Nai B'Rith Housing Foundation Inc?
National Capital B'Nai B'Rith Housing Foundation Inc's revenue in 2022 was $5,007,794.
Official website here: www.homecresthouse.org
Who are the executives of National Capital B'Nai B'Rith Housing Foundation Inc and what are their salaries?
There 7 volunteers at National Capital B'Nai B'Rith Housing Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.homecresthouse.org
Where can I find the form 990 for National Capital B'Nai B'Rith Housing Foundation Inc?
National Capital B'Nai B'Rith Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homecresthouse.org
Learn more at the official website: www.homecresthouse.org
Mission Statement of National Capital B'Nai B'Rith Housing Foundation Inc
The National Capital B'Nai B'Rith Housing Foundation Inc is dedicated to providing affordable housing and services to individuals who fall into the low-income and very low-income categories, specifically focusing on elderly persons and adults with qualifying physical disabilities. This organization's primary goal is to make a difference in the lives of these individuals by offering them 235 rental apartments within their community. By doing so, the National Capital B'Nai B'Rith Housing Foundation Inc strives to contribute positively to the well-being and living conditions of this specific population, providing them with a safe and comfortable living environment.
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Impact
July, 2024
National Capital B'Nai B'Rith Housing Foundation Inc's impact is significant in providing 235 rental apartments to elderly low-income individuals and adults with qualifying physical disabilities. By offering affordable housing and services to these vulnerable populations in Silver Spring, MD, the organization plays a crucial role in ensuring that these individuals have a safe and stable place to live. Their mission to support those in need of housing assistance helps improve the quality of life for many low and very low-income elderly persons and adults with physical disabilities. Overall, the Foundation's work contributes positively to the community by addressing a critical need for affordable housing and supporting individuals who may otherwise struggle to find suitable living arrangements.
This information is meant to be a general summary of National Capital B'Nai B'Rith Housing Foundation 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: $1,864
- Program Service Revenue: $4,868,166
- Gross Receipts: $5,058,210
Assets and Liabilities:
- Total Assets: $9,388,918
- Total Liabilities: $9,461,693
- Net Assets: -$72,775
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$4,116,752
MEAL INCOME
Revenue
$733,866
SERVICE REVENUE
Revenue
$17,548
Organization Details
Founding Year
1979
Phone
(301) 598-4000Principal Officer
Carol Cohen Wolfe
Main Address
14508 HOMECREST ROAD, SILVER SPRING, MD, 20906
Website
www.homecresthouse.orgNTEE Category
Code: L22 - Housing
If you are a representative of National Capital B'Nai B'Rith Housing Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.