Overview
What is Woodbourne Woods Inc?
Woodbourne Woods Inc is a nonprofit organization located in Baltimore, Maryland, specifically at 5601 Loch Raven Blvd. Established with the mission to serve senior citizens with low income, it offers secure and affordable housing through the development of a 71-unit apartment complex. The organization goes beyond just providing housing, offering additional support services such as housekeeping, social services, transportation, counseling, and social activities. These services aim to improve the quality of life for its residents, who must meet Department of Housing and Urban Development income limits, paying only a fraction of their adjusted gross income for rent.
Official website here: www.medstarhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star Rating
Woodbourne Woods Inc has received a score of 66% from Charity Navigator, reflecting a Two-Star rating. This indicates that while the organization meets some standards of accountability and financial health, there are significant areas needing improvement, particularly in governance practices. The absence of independent board members is a notable concern, which may affect decision-making and oversight.
Strengths include a strong performance in financial oversight and program expense efficiency, as evidenced by a full score in the program expense ratio and effective financial statements management. The organization has also established necessary policies such as conflict of interest and whistleblower protections, demonstrating a commitment to ethical practices.
However, critical limitations have been identified, particularly in governance and transparency. The lack of independent board members and a lower score on the liabilities to assets ratio suggest potential financial vulnerabilities. Additionally, the organization's failure to post its tax form on its website may hinder access to important financial information for stakeholders. Overall, while Woodbourne Woods Inc shows promise in certain areas, improving governance and transparency will be essential for enhancing its impact and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Woodbourne Woods Inc legitimate?
Woodbourne Woods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woodbourne Woods 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: $61,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,457
For more financial information, click here
Official website here: www.medstarhealth.org
What is the mission statement of Woodbourne Woods Inc?
Woodbourne Woods Inc is an organization committed to providing affordable housing for the elderly and individuals with disabilities or handicaps. Operating a 71-unit apartment facility, the organization ensures that its residents meet the income limits set by the Department of Housing and Urban Development. These residents pay a percentage of their adjusted gross income for rent, making housing more accessible for those who are financially challenged. The mission of Woodbourne Woods Inc is to provide a safe and affordable living environment, thus contributing to the well-being of its residents.
Official website here: www.medstarhealth.org
Who is the CEO of Woodbourne Woods Inc?
Pamela Oakey is the Principal Officer of Woodbourne Woods Inc.
Official website here: www.medstarhealth.org
What is the revenue of Woodbourne Woods Inc?
Woodbourne Woods Inc's revenue in 2022 was $1,122,698.
Official website here: www.medstarhealth.org
Who are the executives of Woodbourne Woods Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $1,449,807
- Other: $56,419
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $534,335
- Other: $50,923
- Compensation: $53,917
- Related: $53,917
- Other: $15,922
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.medstarhealth.org
Where can I find the form 990 for Woodbourne Woods Inc?
Woodbourne Woods Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medstarhealth.org
Learn more at the official website: www.medstarhealth.org
Mission Statement of Woodbourne Woods Inc
Woodbourne Woods Inc, as an organization, is dedicated to providing low-income housing for the elderly and individuals with disabilities or handicaps. Its mission is to operate a 71-unit apartment facility where eligible residents, who are at least 62 years old or meet certain disability criteria, can reside. These residents are required to meet Department of Housing and Urban Development income limits, and they pay only a portion of their adjusted gross income as rent. Woodbourne Woods Inc is committed to ensuring affordable housing for these vulnerable groups, thereby providing them with a living space that caters to their specific needs.
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Impact
July, 2024
Woodbourne Woods Inc's impact is significant in providing secure and affordable housing to low-income senior citizens in Baltimore, MD. Through its development of a 71-unit apartment complex, the organization ensures that individuals who are at least 62 years old, handicapped, or disabled have access to safe living spaces. Additionally, Woodbourne Woods offers crucial support services such as housekeeping, social services, transportation, counseling, and social activities to enhance the well-being and quality of life of its residents. This commitment to meeting the housing needs of the poor and elderly population reflects Woodbourne Woods Inc's dedication to enhancing human services and making a positive difference in the community.
This information is meant to be a general summary of Woodbourne Woods 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: $66
- Program Service Revenue: $294,710
- Gross Receipts: $1,122,698
Assets and Liabilities:
- Total Assets: $4,443,777
- Total Liabilities: $6,008,549
- Net Assets: -$1,564,772
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF LOW INCOME H
Revenue
$294,710
Organization Details
Founding Year
2000
Phone
(410) 772-6721Principal Officer
Pamela Oakey
Main Address
5601 LOCH RAVEN BLVD, BALTIMORE, MD, 21239
Website
www.medstarhealth.orgNTEE Category
Code: P75 - Human services
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