Overview
What is Dogwood Housing Inc?
Dogwood Housing Inc, based in North Bethesda, Maryland, is a dedicated nonprofit organization with a mission to provide affordable housing for qualified tenants. With a significant focus on low-income individuals and their families, they strive to make a difference in the community by offering affordable housing solutions. Their primary activity revolves around ensuring that those in need have access to suitable housing, contributing to the well-being and stability of families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (72%)
Dogwood Housing Inc has received a two-star rating from Charity Navigator, indicating areas for improvement despite some strong points in governance. The nonprofit boasts a fully independent board, which is a positive aspect, showing a commitment to accountability. Additionally, their financial oversight measures are sound, as evidenced by a high score in audit and conflict of interest policies.
However, the organization struggles with its financial health, reflected in a concerning liabilities to assets ratio of over 100%, which raises alarms about sustainability. Moreover, while the program expense ratio is commendable at nearly 93%, the absence of their tax form on the website is a notable transparency issue that could undermine trust among stakeholders. Overall, while Dogwood Housing Inc shows potential, addressing these financial challenges and enhancing transparency could lead to significant improvements.
This AI summary has been generated from information found on Charity Navigator.
Is Dogwood Housing Inc legitimate?
Dogwood Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dogwood Housing 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: $903,832
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What is the mission statement of Dogwood Housing Inc?
Dogwood Housing Inc is dedicated to making a difference in the lives of low-income individuals and their families. Their primary mission is to provide affordable housing solutions, ensuring that those in need have a secure place to call home. Through their affordable housing program, they offer residences to qualified tenants, prioritizing those most in need. The organization's goal is to contribute to stable, strong communities by providing a vital service that addresses one of the most essential needs: a safe and affordable place to live. Dogwood Housing Inc's commitment extends beyond just providing housing, as they strive to create an inclusive environment that fosters personal growth and economic opportunity for their tenants.
Who is the CEO of Dogwood Housing Inc?
Todd Travis is the Director of Dogwood Housing Inc.
What is the revenue of Dogwood Housing Inc?
Dogwood Housing Inc's revenue in 2021 was $22,202,788.
Who are the executives of Dogwood Housing Inc and what are their salaries?
There 2 volunteers at Dogwood Housing Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dogwood Housing Inc?
Dogwood Housing Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Dogwood Housing Inc
Dogwood Housing Inc, a dedicated nonprofit organization, strives to make a difference by providing affordable housing solutions for low-income individuals and their families. With a clear mission in mind, the organization works tirelessly to ensure that qualified tenants have access to housing that fits their budget.
The heart of Dogwood Housing Inc's mission lies in its commitment to making a positive impact on people's lives. By focusing on affordable housing, the organization helps to alleviate some of the financial burdens faced by low-income individuals. This, in turn, enables them to allocate more of their resources towards essential needs and improving their overall quality of life.
Through its unwavering dedication to its cause, Dogwood Housing Inc has established itself as a beacon of hope for those in need. Its mission to provide affordable housing is more than just a phrase; it's the driving force behind every decision the organization makes. From the initial application process to ongoing tenant support, each aspect of Dogwood Housing Inc's operations is designed with the goal of making housing accessible to those who might otherwise struggle.
In essence, Dogwood Housing Inc is more than just an organization; it's a community of people working together to create a world where everyone has a safe and affordable place to call home. By providing affordable housing, the organization not only improves the lives of its tenants but also contributes to the overall well-being of society as a whole.
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Impact
October, 2024
Dogwood Housing Inc significantly impacts the community by providing affordable housing to low-income individuals and families in North Bethesda, MD. By offering accessible housing options, the organization helps to alleviate the financial burden on families, ensuring that stable housing is within reach for those who qualify. This commitment to affordable living not only fosters community stability but also enhances the overall quality of life for its tenants, allowing them to focus on other essential aspects such as education, employment, and health without the stress of housing insecurity. Through its efforts, Dogwood Housing Inc plays a crucial role in addressing the housing challenges faced by vulnerable populations, contributing to a more equitable and inclusive community.
This information is meant to be a general summary of Dogwood Housing 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 2021.
- Investment Income: $3,834,062
- Program Service Revenue: $3,917,993
- Gross Receipts: $22,202,788
Assets and Liabilities:
- Total Assets: $86,669,090
- Total Liabilities: $87,222,475
- Net Assets: -$553,385
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,536,579
OTHER INCOME
Revenue
$381,414
Organization Details
Founding Year
1992
Phone
(301) 998-0400Principal Officer
Todd Travis
Main Address
11810 GRAND PARK AVENUE 600, NORTH BETHESDA, MD, 20852
NTEE Category
Code: L99 - Housing
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