Overview
What is New River House Inc?
New River House Inc is a nonprofit organization that specializes in providing affordable housing for elderly and handicapped individuals. With a capacity of 42 units, this organization is committed to assisting individuals who qualify for rental aid under Section 8 of the National Housing Act. Their mission is to offer high-quality living spaces, thereby contributing to the betterment of these communities. This nonprofit is dedicated to enhancing the living standards of its residents, ensuring they have a comfortable and secure environment to call home.
Official website here: www.retire.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
New River House Inc has received a Three-Star rating from Charity Navigator, reflecting a commendable score of 81% based solely on its Accountability & Finance metrics. This indicates that the organization has demonstrated good financial health and a commitment to accountability in its operations. The rating is influenced entirely by the positive assessment of its financial practices.
The organization excels in several areas, including maintaining a majority of independent board members, scoring 100% in that regard. Furthermore, it has received full marks for its financial oversight mechanisms, including the presence of an Audit and Oversight Committee and a robust policy framework addressing conflicts of interest and whistleblower protections. This shows a strong commitment to transparency and integrity in its financial dealings.
However, while the financial metrics are solid, there is no additional information provided about program impact or fundraising efficiency. A deeper understanding of the charity's operational effectiveness and mission delivery would require further insights beyond the financial data currently available.
This AI summary has been generated from information found on Charity Navigator.
Is New River House Inc legitimate?
New River House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New River House 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.retire.org
What is the mission statement of New River House Inc?
New River House Inc's mission is centered around providing affordable housing for elderly and handicapped individuals. This non-profit organization operates under Section 8 of the National Housing Act, offering rental assistance to eligible individuals. The facility, which comprises 42 units, serves as a mission to offer high-quality homes to these communities, aimed at improving their living conditions. New River House Inc is committed to this goal, ensuring that elderly and disabled individuals have access to decent and affordable housing.
Official website here: www.retire.org
Who is the CEO of New River House Inc?
William Lester is the Principal Officer of New River House Inc. The CEO's salary of New River House Inc is $0 and their total compensation is $172,523.
Official website here: www.retire.org
What is the revenue of New River House Inc?
New River House Inc's revenue in 2022 was $610,022.
Official website here: www.retire.org
Who are the executives of New River House Inc and what are their salaries?
Here are 23 key members and their salaries (New River House Inc's CEO's salary is $0 and their total compensation is $172,523):
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- Related: $168,773
- Other: $3,750
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- Related: $106,528
- Other: $4,701
- Compensation: $0
- Related: $100,250
- Other: $4,566
Official website here: www.retire.org
Where can I find the form 990 for New River House Inc?
New River House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.retire.org
Learn more at the official website: www.retire.org
Mission Statement of New River House Inc
New River House Inc, a nonprofit organization, is dedicated to providing affordable housing for elderly and handicapped individuals who meet the eligibility criteria under Section 8 of the National Housing Act. With a mission to serve, this establishment offers 42 units, acting as a beacon of quality homes for these communities. The organization's primary goal is to enhance the living standards of its residents by providing them with a safe and comfortable environment.
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Impact
July, 2024
New River House Inc provides vital affordable housing for elderly and handicapped individuals in Blacksburg, VA. Their mission is to offer quality homes to those who qualify for rental assistance under section 8 of the national housing act. With 42 units available, New River House plays a crucial role in supporting these communities by ensuring they have a safe and stable place to live.
This information is meant to be a general summary of New River House 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: $10
- Program Service Revenue: $609,737
- Gross Receipts: $610,022
Assets and Liabilities:
- Total Assets: $758,253
- Total Liabilities: $1,505,707
- Net Assets: -$747,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$287,856
TENANT RENT PAYMENTS
Revenue
$153,823
HUD SERVICE COORDINATO
Revenue
$97,662
CORPORATE OFFICE SUBLE
Revenue
$35,592
UTILITY PAYMENTS
Revenue
$34,163
Organization Details
Founding Year
1982
Phone
(540) 552-9176Principal Officer
William Lester
Main Address
2607 WARM HEARTH DRIVE NO 100, BLACKSBURG, VA, 24060
Website
www.retire.orgNTEE Category
Code: L22 - Housing
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