Overview
What is Residential Properties Inc?
Residential Properties Inc, located in Gaithersburg, Maryland, is a dedicated nonprofit organization committed to serving individuals with developmental disabilities. Their primary mission is to offer housing solutions, ensuring a comfortable living environment for those in need. Beyond housing, they also provide a range of community-based programs and services, promoting vocational, social, and residential growth. These programs aim to foster independence and integration into society, offering a non-segregated and non-sheltered environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Residential Properties Inc has achieved a commendable score of 84%, reflecting strong performance in accountability and finance. The rating is driven by a perfect score in program expense ratio, indicating that all reported expenses are directed towards fulfilling its mission. In addition, the organization boasts a fully independent board, ensuring oversight and governance align with best practices.
The nonprofit has implemented several key policies that foster transparency and ethical management, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These practices contribute positively to their accountability score. Furthermore, there were no reported material diversions of assets, which underscores the organization's financial integrity.
Despite the strong overall performance, the rating is solely based on financial accountability, with no scores provided for effectiveness in program outcomes or other operational metrics. Therefore, while the financial health of Residential Properties Inc is solid, potential donors and stakeholders may want to seek additional information regarding its programmatic impact to gain a complete understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Residential Properties Inc legitimate?
Residential Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residential Properties 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: $0
For more financial information, click here
What is the mission statement of Residential Properties Inc?
Residential Properties Inc, as a mission, is dedicated to providing housing for individuals with developmental disabilities. They operate various community-based programs, ensuring that the housing is non-segregated and non-sheltered. Beyond housing, their services encompass vocational, residential, and social programs aimed at empowering individuals with developmental disabilities. Their mission is to create an inclusive environment where these individuals can live, work, and socialize, fostering their overall development and well-being.
Who is the CEO of Residential Properties Inc?
Susan Ingram is the Treasurer of Residential Properties Inc.
What is the revenue of Residential Properties Inc?
Residential Properties Inc's revenue in 2022 was $114,319.
Who are the executives of Residential Properties Inc and what are their salaries?
There 2 volunteers at Residential Properties Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $184,998
- Other: $12,023
Where can I find the form 990 for Residential Properties Inc?
Residential Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Residential Properties Inc
Residential Properties Inc, a nonprofit organization, is dedicated to providing housing for individuals with developmental disabilities. The mission of this institution is multifaceted, encompassing various community-based programs and services. Beyond providing housing, Residential Properties Inc also offers vocational, residential, and social programs that are non-segregated and non-sheltered, ensuring a more integrated living experience for its residents. This approach allows individuals with developmental disabilities to lead fulfilling lives and contribute to their communities in a meaningful way. The organization's mission is to create a supportive environment where these individuals can grow, learn, and thrive, empowering them to reach their full potential.
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Impact
October, 2024
Residential Properties Inc plays a crucial role in enhancing the quality of life for individuals with developmental disabilities by providing equitable housing options. By operating community-based, non-segregated programs, they foster inclusive environments that allow these individuals to thrive both socially and vocationally. Their approach to residential and social programming emphasizes integration and support, enabling people with developmental disabilities to live more independently and participate fully in their communities.
Located in Gaithersburg, Maryland, Residential Properties Inc focuses on creating a nurturing and welcoming atmosphere. Their comprehensive housing solutions not only provide shelter but also contribute to the personal development of residents, helping them gain skills and build relationships. This commitment to inclusivity and empowerment positively impacts the individuals they serve, promoting dignity and self-sufficiency while also benefiting the wider community by fostering understanding and acceptance of diversity.
This information is meant to be a general summary of Residential Properties 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 2022.
- Investment Income: -$221,681
- Program Service Revenue: $336,000
- Gross Receipts: $336,000
Assets and Liabilities:
- Total Assets: $3,192,973
- Total Liabilities: $513,210
- Net Assets: $2,679,763
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FROM AFFILIATED EXE
Revenue
$336,000
Organization Details
Founding Year
1996
Phone
(301) 926-2300Principal Officer
Susan Ingram
Main Address
9075 COMPRINT COURT, GAITHERSBURG, MD, 20877
NTEE Category
Code: T30Z - Philanthropy
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