Overview
What is Echelon Housing Inc?
Echelon Housing Inc, located at 11810 Grand Park Avenue 600, North Bethesda, MD 20852, is a nonprofit organization dedicated to serving low-income individuals and families. Their primary mission is to provide affordable housing, ensuring that these individuals have a secure place to live. They operate under this mission, aiming to make a positive impact on their community by offering affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
Echelon Housing Inc has received a 74% rating from Charity Navigator, which translates to a Two-Star designation. This score is derived solely from the Accountability & Finance category, indicating that the organization has demonstrated a commitment to financial oversight and transparency. The high score in key governance areas, such as having a majority of independent board members and having established policies for conflict of interest and whistleblowing, highlights its dedication to ethical operations.
One of the strong points noted in the evaluation is the organization’s fiscal responsibility, particularly reflected in the program expense ratio of 94.84%, suggesting that a significant portion of its funds is directed toward its programs. Moreover, it has received full marks in areas such as the existence of an audit and oversight committee and document retention policies, which further demonstrate effective governance practices.
However, the charity's overall rating is held back by a low score in the liabilities to assets ratio at 67.91%, indicating potential financial vulnerabilities. Additionally, the independent board size has only two members, which could limit the diversity of perspectives in governance. While Echelon Housing Inc shows a strong commitment to accountability, addressing these limitations could enhance its overall effectiveness and rating.
This AI summary has been generated from information found on Charity Navigator.
Is Echelon Housing Inc legitimate?
Echelon Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Echelon 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: $356,305
For more financial information, click here
What is the mission statement of Echelon Housing Inc?
Echelon Housing Inc, as an organization, is committed to providing affordable housing solutions for individuals and families with limited income. Their mission is centered around operating a community that caters to this demographic, ensuring they have access to reasonably priced housing options. The primary goal of Echelon Housing Inc is to make a significant impact in the lives of these individuals, fostering a sense of stability and security within their living environment.
Who is the CEO of Echelon Housing Inc?
Todd Travis is the Director of Echelon Housing Inc.
What is the revenue of Echelon Housing Inc?
Echelon Housing Inc's revenue in 2021 was $4,416,757.
Who are the executives of Echelon Housing Inc and what are their salaries?
There 2 volunteers at Echelon 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 Echelon Housing Inc?
Echelon Housing Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Echelon Housing Inc
Echelon Housing Inc, as a nonprofit organization, is dedicated to providing an affordable housing community for low-income individuals and their families. Its mission is centered around the belief that everyone deserves a place to call home, regardless of their financial circumstances. By operating an affordable housing community, Echelon Housing Inc aims to make a significant difference in the lives of those who are financially disadvantaged, ensuring they have a stable living environment. This commitment to affordable housing is a crucial part of Echelon Housing Inc's mission, helping to bridge the gap between housing needs and financial abilities.
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Impact
July, 2024
Echelon Housing Inc's impact is profound in providing affordable housing to low-income individuals and their families in North Bethesda, Maryland. Through their operation of an affordable housing community, they are directly addressing the critical need for accessible housing for those who may struggle to find suitable accommodations due to financial constraints. By offering this essential service, Echelon Housing Inc is making a tangible difference in the lives of individuals and families by providing them with a stable and secure place to call home.
This information is meant to be a general summary of Echelon 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: $189
- Program Service Revenue: $904,825
- Gross Receipts: $4,416,757
Assets and Liabilities:
- Total Assets: $23,861,150
- Total Liabilities: $16,206,076
- Net Assets: $7,655,074
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$689,555
OTHER INCOME
Revenue
$215,270
Organization Details
Founding Year
1994
Phone
(301) 998-0400Principal Officer
Todd Travis
Main Address
11810 GRAND PARK AVENUE 600, NORTH BETHESDA, MD, 20852
NTEE Category
Code: L80 - Housing
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