Overview
What is Transitional Housing Corporation?
Transitional Housing Corporation, operating as Housing Up, is a nonprofit organization based in Washington, D.C. Their primary mission is to foster thriving communities by developing affordable housing and offering comprehensive support services to homeless and low-income families. Housing Up provides various housing programs, including Resident Services, Permanent Supportive Housing (PSH), and transitional housing through the HUD Continuum of Care Program. Their programs aim to increase the independence, stability, and health of households, with heads of households paying 30% of their income towards rent while the remaining amount is subsidized. In 2022, Housing Up served a total of 897 households through these programs. The organization's reach extends to offering wraparound supportive services to families exiting chronic homelessness, as well as rapid re-housing options. With a workforce of 115 employees, Housing Up is dedicated to empowering individuals to transform their lives by providing them with safe and affordable housing opportunities.
Official website here: www.housingup.org
What are the reviews and ratings of this charity?
Transitional Housing Corporation has achieved a perfect score of 100% on Charity Navigator, earning it a prestigious Four-Star out of Four Star rating. This high rating indicates exceptional accountability and finance practices, essential for trust and transparency in nonprofit management. The organization excels particularly in its governance structures, with independent board members, comprehensive policies, and oversight committees.
The organization's financial practices are strong, as evidenced by zero material diversions of assets, a solid program expense ratio of 80.62%, and a liabilities to assets ratio of 32.58%. These metrics suggest that the organization responsibly manages its finances and allocates a significant portion of expenses to program services, which is crucial for donor confidence.
While the organization shines in accountability and finance, its impact, culture, community engagement, leadership, and adaptability are not currently evaluated by Charity Navigator. Despite this, the comprehensive governance and financial practices provide a strong foundation for its ongoing operations. No user reviews from GreatNonprofits are available to provide additional insights into the organization's community impact or stakeholder experiences.
This AI summary has been generated from information found on Charity Navigator.
Is Transitional Housing Corporation legitimate?
Transitional Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transitional 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:
Executive Compensation: $599,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,867,621
For more financial information, click here
Official website here: www.housingup.org
What is the mission statement of Transitional Housing Corporation?
Transitional Housing Corporation's mission is geared towards building thriving communities by developing affordable housing and offering comprehensive support services to homeless and low-income families. They believe that providing safe and affordable housing, coupled with genuine opportunities, empowers individuals to transform their lives. The organization's resident services program aims to enhance the independence, stability, and health of affordable housing residents, serving around 150 households annually. Housing Up also operates a Permanent Supportive Housing program, offering affordable housing with appropriate supportive services to families exiting chronic homelessness. In 2022, Housing Up served a total of 897 households through various programs like resident services, permanent supportive housing, transitional housing, and rapid re-housing.
Official website here: www.housingup.org
Who is the CEO of Transitional Housing Corporation?
Philip Hecht is the Chair of Transitional Housing Corporation. The CEO's salary of Transitional Housing Corporation is $210,933 and their total compensation is $224,499.
Official website here: www.housingup.org
What is the revenue of Transitional Housing Corporation?
Transitional Housing Corporation's revenue in 2022 was $11,681,180.
Official website here: www.housingup.org
Who are the executives of Transitional Housing Corporation and what are their salaries?
The average compensation at Transitional Housing Corporation during 2022 was $47,542. There are 115 employees and 76 volunteers at Transitional Housing Corporation.
Here are 16 key members and their salaries (Transitional Housing Corporation's CEO's salary is $210,933 and their total compensation is $224,499):
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- Compensation: $210,933
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- Other: $13,566
- Compensation: $185,740
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- Other: $10,027
- Compensation: $164,596
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- Other: $14,898
- Compensation: $145,549
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- Other: $8,016
- Compensation: $133,219
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- Other: $15,042
Official website here: www.housingup.org
Where can I find the form 990 for Transitional Housing Corporation?
Transitional Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingup.org
Learn more at the official website: www.housingup.org
Mission Statement of Transitional Housing Corporation
Transitional Housing Corporation, abbreviated as THC, is committed to building thriving communities in Washington, D.C., by developing affordable housing and offering comprehensive support services to homeless and low-income families. Their mission is deeply rooted in the belief that providing safe, affordable housing and genuine opportunities empowers individuals to transform their lives.
THC's approach extends beyond just providing housing. Their Resident Services program aims to enhance the independence, stability, and health of affordable housing residents. Approximately 150 households benefit from this program year-round, ensuring they have the necessary support to maintain their housing and improve their overall well-being. Furthermore, THC operates a Permanent Supportive Housing (PSH) program, which provides affordable housing along with appropriate wraparound supportive services to families transitioning out of chronic homelessness.
Heads of households contribute 30% of their total household income towards monthly rent, with the remaining rental amount subsidized through various sources, including the District of Columbia Housing Authority, DC Department of Human Services, and the HUD Continuum of Care Program. Additionally, THC provides housing and supportive services through the HUD Continuum of Care Program for families exiting homelessness, offering both permanent supportive housing and rapid re-housing solutions.
In 2022, THC served a total of 897 households through its various programs, including resident services, permanent supportive housing, transitional housing, and rapid re-housing, demonstrating their commitment to addressing homelessness and supporting low-income families in Washington, D.C.
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Impact
July, 2024
Transitional Housing Corporation, operating under the name Housing Up, has a significant impact on the community in Washington, DC. Through their provision of transitional and supportive housing services to homeless and low-income families, they have been instrumental in enhancing the lives of those in need.
Housing Up's resident services program plays a crucial role in increasing the independence, stability, and health of affordable housing residents. With a focus on improving the well-being of its beneficiaries, this program has positively influenced the lives of 150 households annually. Additionally, their Permanent Supportive Housing (PSH) program offers affordable housing paired with necessary supportive services to families transitioning from chronic homelessness. By ensuring that head of households pay a manageable portion of their income towards rent, Housing Up facilitates stability and security for these families.
In 2022 alone, Housing Up served a total of 897 households through various programs, including resident services, permanent supportive housing, transitional housing, and rapid re-housing. By addressing the critical need for housing and support services, Housing Up is actively building thriving communities and empowering individuals to transform their lives in Washington, DC.
This information is meant to be a general summary of Transitional 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 2022.
- Investment Income: $45,952
- Program Service Revenue: $671,739
- Gross Receipts: $12,421,644
Assets and Liabilities:
- Total Assets: $10,571,831
- Total Liabilities: $3,444,690
- Net Assets: $7,127,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$491,022
MANAGEMENT SERVICE FEES
Revenue
$126,792
RESIDENT SERVICE FEES
Revenue
$51,371
LAUNDRY INCOME
Revenue
$2,554
Organization Details
Founding Year
1990
Phone
(202) 291-5535Principal Officer
Philip Hecht
Main Address
1322 MAIN DRIVE NW, WASHINGTON, DC, 20012
Website
www.housingup.orgNTEE Category
Code: L20Z - Housing
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