Overview
What is Suitland Housing Corporation?
Suitland Housing Corporation is a nonprofit organization situated in Arlington, Virginia, specifically at 1005 N Glebe Rd Ste 210. Their primary mission is to offer suitable housing accommodations to individuals with moderate and low income, residing within the Prince George's County area. To achieve this, they strive to provide affordable housing options for their targeted demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71%, Two-Star out of Four Star rating)
The Suitland Housing Corporation has received a Two-Star rating from Charity Navigator, indicating that while it has strong accountability and finance practices, there are significant areas needing improvement. The organization boasts a perfect score for its Accountability & Finance category, with all board members being independent and no material diversion of assets reported. However, the absence of financial statements and several critical policies, such as a conflict of interest and whistleblower policy, detracts from its overall rating.
The organization excels in maintaining a low liabilities to assets ratio of 8.11% and a high program expense ratio of 73.52%, which suggests effective allocation of resources towards its mission. However, the lack of transparency, highlighted by missing documents such as the tax form on its website, raises concerns about its operational practices. This could lead to a lack of trust from potential donors and supporters.
In summary, while Suitland Housing Corporation demonstrates strong financial management and independent governance, it must address the gaps in documentation and policy implementation to enhance its credibility and overall effectiveness. Improving these areas will be crucial for the organization to secure higher ratings and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Suitland Housing Corporation legitimate?
Suitland Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Suitland 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,662
For more financial information, click here
What is the mission statement of Suitland Housing Corporation?
The Suitland Housing Corporation's mission is centered around providing accessible housing options for individuals with modest to moderate income levels, residing within the Prince George's County area. This organization actively works towards fulfilling this mission, ensuring that suitable housing becomes readily available for this specific demographic.
Who is the CEO of Suitland Housing Corporation?
Janet Morgan is the Pres/Sec/Treas of Suitland Housing Corporation.
What is the revenue of Suitland Housing Corporation?
Suitland Housing Corporation's revenue in 2022 was $1,516,808.
Who are the executives of Suitland Housing Corporation and what are their salaries?
There 3 volunteers at Suitland Housing Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Suitland Housing Corporation?
Suitland Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Suitland Housing Corporation
Suitland Housing Corporation, as a nonprofit organization, is committed to providing housing opportunities for individuals and families with low and moderate incomes residing in the Prince George's County area. Its mission is to ensure that suitable housing is accessible to those who fall under this income bracket, thereby contributing to a more equitable living situation in the community. The organization's primary goal is to facilitate the provision of housing, thereby addressing the housing needs of this vulnerable population and contributing to overall community development.
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Impact
July, 2024
Suitland Housing Corporation's impact is significant in providing available housing to low and moderate-income tenants living in the Prince George's County area. Their mission to offer affordable housing options helps address the housing needs of individuals and families who may struggle to find suitable housing options due to financial constraints. By providing this essential service, Suitland Housing Corporation plays a crucial role in supporting the community and improving the overall quality of life for those in need.
This information is meant to be a general summary of Suitland 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: $4,095
- Program Service Revenue: $1,512,713
- Gross Receipts: $1,516,808
Assets and Liabilities:
- Total Assets: $2,854,568
- Total Liabilities: $231,529
- Net Assets: $2,623,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL RECEIPTS
Revenue
$1,353,387
TENANT SERVICES
Revenue
$159,326
Organization Details
Founding Year
1996
Phone
(703) 527-5200Principal Officer
Janet Morgan
Main Address
1005 N Glebe Rd Ste 210, Arlington, VA, 22201
NTEE Category
Code: L200 - Housing
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