Overview
What is Dima Vii Inc?
Dima Vii Inc is a nonprofit organization situated in Wilmington, Delaware, specifically at 2400 WEST 4TH STREET. Their primary mission is to provide safe and affordable housing for individuals in the community who are battling mental illness. They achieve this by soliciting, managing, and distributing funds with the stated purpose of housing those in need. The organization is dedicated to making a positive impact on the lives of these individuals, ensuring they have a stable living environment during their mental health journey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Stars
Dima Vii Inc has received a Two-Star rating from Charity Navigator, indicating a mixed assessment of its financial health and accountability practices. The overall score is based solely on its Accountability & Finance metrics, showcasing strengths in governance with a fully independent board and no material diversion of assets. The charity effectively retains and manages its documents, reflecting a commitment to transparency.
Despite these strengths, the organization has a significant liability to assets ratio of 204.62%, which raises concerns regarding its financial stability. This factor significantly impacted its overall rating, contributing to a lower score in the financial performance category. Furthermore, while the program expense ratio is relatively strong at 67.13%, there is room for improvement in addressing its financial liabilities.
In summary, while Dima Vii Inc demonstrates strong governance and accountability practices, its financial challenges highlight the need for improved asset management to enhance its sustainability and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Dima Vii Inc legitimate?
Dima Vii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dima Vii 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: $11,725
For more financial information, click here
What is the mission statement of Dima Vii Inc?
Dima Vii Inc, as an organization, is committed to providing a safe and affordable living environment for individuals within the community who are grappling with mental illness. Their primary mission is to offer a secure and cost-effective housing solution for this particular group of individuals. In addition to this, they also engage in soliciting, receiving, investing, administering, and distributing funds with the goal of fulfilling their stated purpose.
Who is the CEO of Dima Vii Inc?
Joshua Thomas Phd is the President of Dima Vii Inc.
What is the revenue of Dima Vii Inc?
Dima Vii Inc's revenue in 2023 was $81,306.
Who are the executives of Dima Vii Inc and what are their salaries?
There 8 volunteers at Dima Vii Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Dima Vii Inc?
Dima Vii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Dima Vii Inc
Dima Vii Inc, a nonprofit organization, is dedicated to providing a vital service within its community. Its mission is to offer safe and affordable housing options for individuals who are living with mental illness. By soliciting, receiving, investing, administering, and distributing funds for this purpose, Dima Vii Inc aims to make a significant impact in the lives of those who often face challenges in securing proper housing due to their mental health conditions. The organization's mission is not just about providing a roof over their heads, but also about creating an environment that fosters healing and recovery. By offering affordable housing, Dima Vii Inc seeks to contribute to the well-being and overall improvement of its community members living with mental illness.
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Impact
October, 2024
Dima Vii Inc significantly impacts the community by addressing the critical need for safe and affordable housing for individuals living with mental illness. By providing stable housing, the organization fosters a sense of security and belonging, which is essential for mental health recovery. Their efforts help reduce homelessness, improve quality of life, and promote dignity among those affected by mental health challenges. Additionally, Dima Vii Inc contributes to the overall well-being of the community by supporting vulnerable populations, ultimately encouraging a more inclusive and compassionate society. Their commitment to soliciting, receiving, and managing funds ensures that resources are effectively utilized to sustain and expand these vital housing services.
This information is meant to be a general summary of Dima Vii 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 2023.
- Investment Income: $69
- Program Service Revenue: $32,391
- Gross Receipts: $81,306
Assets and Liabilities:
- Total Assets: $510,062
- Total Liabilities: $1,043,722
- Net Assets: -$533,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE - TENANT PORTION
Revenue
$32,391
Organization Details
Founding Year
1996
Phone
(302) 427-0787Principal Officer
Joshua Thomas Phd
Main Address
2400 WEST 4TH STREET, WILMINGTON, DE, 19805
NTEE Category
Code: P70 - Human services
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