Overview
What is Colony House Non-Profit Housing Corp?
Colony House Non-Profit Housing Corp is a dedicated organization situated in Washington, D.C., with an address at 930 Faragut Street NW. Their primary mission is to cater to the unique housing needs of the elderly and handicapped population by offering suitable facilities and services. Established with this purpose in mind, the organization strives to enhance the living conditions and quality of life for these individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, Colony House Non-Profit Housing Corp has received a Two-Star out of Four Star rating due to a score of 67%. This rating highlights that while the organization performs well in certain areas, there are significant deficiencies in accountability and transparency that need addressing.
The organization demonstrates strong financial management, evidenced by a high program expense ratio of 92.17%, indicating that a substantial portion of its budget is directed towards its programs. Additionally, it has a fully independent board, which is a positive indicator of governance practices. However, the nonprofit has several missing policies and documentation, including a conflict of interest policy, a whistleblower policy, and a documented retention policy.
The liabilities to assets ratio is concerning at 127.25%, which suggests potential financial health issues. Furthermore, the absence of essential documents on its website, such as tax forms and financial statements, raises questions about transparency. Addressing these limitations could enhance the organization's rating and overall public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Colony House Non-Profit Housing Corp legitimate?
Colony House Non-Profit Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colony House Non-Profit Housing Corp 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Colony House Non-Profit Housing Corp?
The mission of Colony House Non-Profit Housing Corp is focused on providing suitable housing facilities and essential services tailored to the needs of the elderly and handicapped individuals. The organization's primary objective is to ensure that these vulnerable groups have access to accommodations designed to cater to their specific requirements. By providing these facilities and services, Colony House Non-Profit Housing Corp aims to enhance the quality of life for elderly and handicapped individuals, offering them a supportive living environment.
Who is the CEO of Colony House Non-Profit Housing Corp?
Andree Gandy is the Board President of Colony House Non-Profit Housing Corp.
What is the revenue of Colony House Non-Profit Housing Corp?
Colony House Non-Profit Housing Corp's revenue in 2022 was $696,634.
Who are the executives of Colony House Non-Profit Housing Corp and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Colony House Non-Profit Housing Corp?
Colony House Non-Profit Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Colony House Non-Profit Housing Corp
Colony House Non-Profit Housing Corp is an organization dedicated to providing eligible elderly and handicapped individuals with tailored housing facilities and services. Its mission is centered around creating living spaces and support systems that cater specifically to the unique needs of these groups, aiming to enhance their quality of life. By offering specialized housing solutions, Colony House Non-Profit Housing Corp seeks to foster a sense of independence and comfort for its residents, ensuring they can live with dignity and security.
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Impact
July, 2024
Colony House Non-Profit Housing Corp provides housing facilities and services specifically designed to meet the needs of elderly and handicapped persons. Through their work, they have made a significant impact by ensuring that this vulnerable population has access to safe and suitable housing options. Their mission to cater to the unique requirements of the elderly and handicapped individuals contributes towards improving their quality of life and promoting their well-being. By prioritizing housing for this demographic, Colony House Non-Profit Housing Corp plays a crucial role in addressing housing inequalities and advancing the cause of social equity in Washington, DC.
This information is meant to be a general summary of Colony House Non-Profit Housing Corp. 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.
- Program Service Revenue: $626,624
- Gross Receipts: $696,634
Assets and Liabilities:
- Total Assets: $1,790,255
- Total Liabilities: $2,070,839
- Net Assets: -$280,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Housing for elderly and handicapped persons
Revenue
$626,624
Organization Details
Founding Year
1991
Phone
(703) 760-0081Principal Officer
Andree Gandy
Main Address
930 Faragut Street NW, Washington, DC, 20012
NTEE Category
Code: L22Z - Housing
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