Overview
What is Redwood Housing Inc?
Redwood Housing Inc, situated in North Bethesda, Maryland, is a dedicated nonprofit organization. Its primary mission is to offer affordable housing solutions to low-income individuals and their families. Operating from 11810 Grand Park Avenue 600, the organization strives to provide a sense of home and stability for this population segment. Through its initiatives, Redwood Housing Inc seeks to make affordable housing a reality, contributing positively to the local community.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Two Stars (Needs Improvement)**
Redwood Housing Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization is facing some challenges in areas of accountability and finance. While the charity scored well in certain aspects, such as having a majority of independent board members and high program expense ratios, it showed significant weaknesses in others, particularly in transparency with missing key documents on its website. The absence of scores in categories like Leadership & Adaptability and Impact & Measurement suggests that the organization may not be fully maximizing its potential in demonstrating effectiveness and community engagement.
Supporters have pointed out the charity's strong program expense ratio, which reflects a high percentage of funding dedicated to its mission-related activities. This is a positive sign of the organization’s commitment to its cause. However, the liabilities to assets ratio raises concerns about financial stability, as it indicates potential vulnerabilities that could affect long-term operations. Overall, while there are some strengths, the organization has critical areas requiring attention.
Unfortunately, user reviews from GreatNonprofits could not be fetched; thus, community sentiment regarding Redwood Housing Inc remains unavailable. The organization appears to have laid a solid foundation for its mission but must address accountability and transparency to foster greater trust and reliability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Redwood Housing Inc legitimate?
Redwood Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redwood 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: $156,813
For more financial information, click here
What is the mission statement of Redwood Housing Inc?
Redwood Housing Inc is committed to providing affordable housing solutions for low-income individuals and their families. This organization's mission is primarily focused on operating an affordable housing community, ensuring that those in need have access to decent living spaces. By doing so, Redwood Housing Inc aims to contribute positively to the lives of these individuals, enhancing their living conditions and overall well-being. The organization's activities are centered around this mission, striving to make a difference in the lives of those who require affordable housing.
Who is the CEO of Redwood Housing Inc?
Todd Travis is the Director of Redwood Housing Inc.
What is the revenue of Redwood Housing Inc?
Redwood Housing Inc's revenue in 2021 was $9,748,902.
Who are the executives of Redwood Housing Inc and what are their salaries?
There 2 volunteers at Redwood 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 Redwood Housing Inc?
Redwood Housing Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Redwood Housing Inc
Redwood Housing Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for low-income individuals and their families. In pursuit of this mission, the organization operates an affordable housing community that caters to those in need. By doing so, Redwood Housing Inc contributes significantly to ensuring that individuals and families with limited financial resources have access to a secure place to call home. The organization's primary focus is on making housing affordable, thereby providing a fundamental necessity that can often be a significant challenge for low-income individuals and families.
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Impact
July, 2024
Redwood Housing Inc provides essential support by offering affordable housing to low-income individuals and their families in North Bethesda, MD. By operating an affordable housing community, they directly address the pressing need for accessible housing options for those in need. Their impact is significant in helping vulnerable individuals and families secure stable housing and work towards a more secure future.
This information is meant to be a general summary of Redwood 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: $1,183
- Program Service Revenue: $8,305,219
- Gross Receipts: $9,748,902
Assets and Liabilities:
- Total Assets: $20,814,666
- Total Liabilities: $25,736,509
- Net Assets: -$4,921,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FLOW-THROUGH INCOME
Revenue
$5,828,654
RENTAL INCOME
Revenue
$2,402,797
OTHER INCOME
Revenue
$73,768
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: L20 - Housing
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