Overview
What is Castleton Homes Inc?
Castleton Homes Inc, established in March 1999, is a nonprofit organization based in Lanham, Maryland. Its primary mission is to provide affordable housing solutions for individuals with chronic mental disabilities, in compliance with Section 811 of the National Affordable Housing Act. Financed by the United States Department of Housing and Urban Development (HUD), Castleton Homes Inc manages a project consisting of 9 units regulated by HUD to ensure reasonable rent charges and operating methods. The organization's goal is to improve the living conditions and provide a supportive environment for individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%, Zero-Star out of Four Star rating. This rating reflects significant concerns regarding the accountability and financial practices of Castleton Homes Inc. The charity's overall score is based solely on the Accountability & Finance beacon, indicating a lack of comprehensive evaluation across other important areas.
One noted strength is the presence of a majority of independent board members, which shows some commitment to governance. However, the organization faces serious limitations, including a complete absence of critical policies such as conflict of interest and whistleblower protections. Additionally, key documents are missing from their website, which contributes to transparency issues.
Financial analysis raises alarms as well, with a liabilities-to-assets ratio of 193.20%, suggesting potential financial instability. While the program expense ratio indicates that a significant portion of funds is directed towards programs (75.59%), the overall governance shortcomings and financial risks are substantial, warranting careful consideration by potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Castleton Homes Inc legitimate?
Castleton Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Castleton Homes 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 Castleton Homes Inc?
Castleton Homes Inc, established in 1999, is dedicated to providing affordable housing for individuals with chronic mental disabilities. This commitment is in alignment with Section 811 of the National Affordable Housing Act. The organization, financed by the U.S. Department of Housing and Urban Development, operates under HUD regulations, ensuring that rent charges and operating methods are in compliance. Castleton Homes Inc currently manages nine housing units, catering specifically to individuals with disabilities. The mission of this organization is to enhance their residents' quality of life by offering them affordable and accessible housing solutions.
Who is the CEO of Castleton Homes Inc?
Donna-Marie Coe is the President & Ceo of Castleton Homes Inc. The CEO's salary of Castleton Homes Inc is $0 and their total compensation is $220,794.
What is the revenue of Castleton Homes Inc?
Castleton Homes Inc's revenue in 2022 was $60,905.
Who are the executives of Castleton Homes Inc and what are their salaries?
There 3 volunteers at Castleton Homes Inc.
Here are 3 key members and their salaries (Castleton Homes Inc's CEO's salary is $0 and their total compensation is $220,794):
- Compensation: $0
- Related: $197,395
- Other: $23,399
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Castleton Homes Inc?
Castleton Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Castleton Homes Inc
Castleton Homes Inc, established in 1999, is a nonprofit organization with a mission to provide affordable housing to individuals who are chronically mentally disabled. This mission is in line with Section 811 of the National Affordable Housing Act. The entity, funded by the U.S. Department of Housing and Urban Development (HUD), consists of nine housing units, each regulated by HUD to ensure reasonable rent charges and operating methods. Castleton Homes Inc is committed to creating a living environment that caters to the unique needs of individuals with mental disabilities, aiming to enhance their quality of life and promote a sense of community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Castleton Homes Inc has a significant impact on the community by providing affordable housing to the chronically mentally disabled under Section 811 of the National Affordable Housing Act. The organization, based in Lanham, MD, was established in March 1999 with the mission to acquire, develop, and operate housing and related facilities for persons with disabilities. With the support of the U.S. Department of Housing and Urban Development (HUD), Castleton Homes Inc offers 9 units that are regulated by HUD in terms of rent charges and operating methods. Through their dedication to serving this vulnerable population, Castleton Homes Inc contributes to addressing the housing needs of individuals with disabilities, promoting inclusivity and accessibility within the community.
This information is meant to be a general summary of Castleton Homes 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: $2
- Program Service Revenue: $15,305
- Gross Receipts: $60,905
Assets and Liabilities:
- Total Assets: $562,620
- Total Liabilities: $1,035,668
- Net Assets: -$473,048
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,305
Organization Details
Founding Year
1999
Phone
(301) 794-9444Principal Officer
Donna-Marie Coe
Main Address
7375 EXECUTIVE PLACE 301, LANHAM, MD, 20706
NTEE Category
Code: L20 - Housing
If you are a representative of Castleton Homes Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.