Overview
What is National Capital B'Nai B'Rith Assisted Housing Corporation?
National Capital B'Nai B'Rith Assisted Housing Corporation is a nonprofit organization situated in Silver Spring, Maryland. Their primary mission is to offer affordable housing and personal services to the elderly who fall under the category of very low income. They provide 42 rental apartments as part of their commitment to this cause. The organization's goal is to enhance the living conditions and ensure the well-being of this specific demographic, demonstrating a strong dedication to senior care.
Official website here: www.homecresthouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating
The National Capital B'Nai B'Rith Assisted Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. With a score of 66%, the organization demonstrates a strong commitment to governance practices, including having a majority of independent board members and robust conflict of interest and whistleblower policies.
Strengths identified in the evaluation include a high program expense ratio of 98.84%, suggesting that the majority of the organization's expenditures are directed towards its programs rather than administrative costs. Additionally, the organization meets all key transparency requirements, such as maintaining thorough board meeting minutes and having its website listed on its tax form.
However, the organization faces challenges, particularly reflected in its liabilities to assets ratio, which stands at 108.11%. This indicates potential financial instability, as liabilities exceed assets. This aspect raises concerns about the long-term sustainability of the organization and could impact its ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is National Capital B'Nai B'Rith Assisted Housing Corporation legitimate?
National Capital B'Nai B'Rith Assisted Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Capital B'Nai B'Rith Assisted Housing 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:
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For more financial information, click here
Official website here: www.homecresthouse.org
What is the mission statement of National Capital B'Nai B'Rith Assisted Housing Corporation?
The National Capital B'Nai B'Rith Assisted Housing Corporation is dedicated to serving the very low-income elderly population. Their mission primarily revolves around providing rental apartments as a living solution. Beyond this, they offer personal services to enhance the elderly residents' quality of life. This organization is committed to providing a supportive living environment for this specific demographic, ensuring they have access to necessary housing and care.
Official website here: www.homecresthouse.org
What is the revenue of National Capital B'Nai B'Rith Assisted Housing Corporation?
National Capital B'Nai B'Rith Assisted Housing Corporation's revenue in 2024 was $1,553,015.
Official website here: www.homecresthouse.org
Who are the executives of National Capital B'Nai B'Rith Assisted Housing Corporation and what are their salaries?
There 8 volunteers at National Capital B'Nai B'Rith Assisted Housing Corporation.
Here are 9 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 Assisted Housing Corporation?
National Capital B'Nai B'Rith Assisted Housing Corporation's most recent form 990 was submitted in 2024 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 Assisted Housing Corporation
The National Capital B'Nai B'Rith Assisted Housing Corporation is dedicated to providing a vital service for the elderly population. Their mission, in simple terms, is to offer affordable rental apartments and essential personal services to individuals who fall into the category of very low income elders. By doing so, they aim to enhance the quality of life for these elderly individuals, providing them with a secure and supported living environment.
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Impact
July, 2024
National Capital B'Nai B'Rith Assisted Housing Corporation's impact can be seen in the provision of 42 rental apartments and personal services to very low-income elderly individuals in Silver Spring, Maryland. By offering affordable housing options and necessary support services, this organization is directly addressing the housing needs of a vulnerable population. Through their mission to provide housing and personal assistance to the elderly in need, they are making a significant difference in the lives of those who may not have access to such resources otherwise.
This information is meant to be a general summary of National Capital B'Nai B'Rith Assisted Housing 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 2024.
- Investment Income: $6,101
- Program Service Revenue: $1,478,434
- Gross Receipts: $1,553,015
Assets and Liabilities:
- Total Assets: $2,303,924
- Total Liabilities: $2,536,094
- Net Assets: -$232,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT SERVICE FEES
Revenue
$747,554
RENTAL INCOME
Revenue
$730,880
Organization Details
Founding Year
1990
Principal Officer
Carol Cohen Wolfe
Website
www.homecresthouse.orgNTEE Category
Code: L22 - Housing
If you are a representative of National Capital B'Nai B'Rith Assisted Housing Corporation 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.
