Overview
What is Independence House?
Independence House is a nonprofit organization situated in Richmond, Virginia. Its primary mission is to offer affordable housing options for individuals belonging to special populations who are financially disadvantaged. The organization runs a group home specifically designed for this purpose, providing a safe and supportive living environment for these individuals. By offering lower income housing, Independence House plays an essential role in fostering a sense of community and inclusivity for those who may face unique challenges.
Official website here: www.virginiasupportivehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Independence House has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The overall score is derived solely from a single beacon that assesses various parameters, with a perfect score in all categories related to accountability and finance. This indicates that the organization operates with a high level of transparency and responsible governance.
The nonprofit benefits from a fully independent board, ensuring that decision-making is free from conflicts of interest. It has also demonstrated strong financial management, evidenced by a low liabilities-to-assets ratio of 14.16% and an outstanding program expense ratio of 100%. These figures suggest that nearly all of the organization's expenses are directed towards its programs, maximizing the impact of donor contributions.
While the organization's strengths are notable, the rating does not highlight any specific limitations or areas for improvement. Overall, Independence House appears to be a well-managed nonprofit that prioritizes its mission effectively and demonstrates sound fiscal practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Independence House?
54% of the seven reviews on Facebook suggest a divide in sentiment regarding Independence House. Here’s a brief overview based on the available feedback:
The reviews reflect a sense of disappointment from some individuals who feel that the nonprofit did not meet their expectations or provide the promised assistance. One reviewer specifically described their experience as a "scam," stating that it led to negative consequences for them without any substantial help being offered.
Overall, while there may be some support for what the organization aims to do, the negative experiences shared by certain reviewers suggest that the nonprofit has work to do in terms of improving client interactions and delivering on its commitments.
This AI summary has been generated from reviews found on Facebook.
Is Independence House legitimate?
Independence House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence House 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
Official website here: www.virginiasupportivehousing.org
What is the mission statement of Independence House?
Independence House, as an organization, is committed to offering lower income housing for special populations. Their mission is to provide a conducive living environment for these individuals, ensuring they have access to a group home setting. The primary goal is to support these special populations, fostering a sense of community and promoting their overall well-being. The organization's activities revolve around providing housing solutions tailored to the unique needs of these populations.
Official website here: www.virginiasupportivehousing.org
What is the revenue of Independence House?
Independence House's revenue in 2023 was $63,378.
Official website here: www.virginiasupportivehousing.org
Who are the executives of Independence House and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $179,000
- Other: $13,537
- Compensation: $0
- Related: $63,622
- Other: $0
Official website here: www.virginiasupportivehousing.org
Where can I find the form 990 for Independence House?
Independence House's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.virginiasupportivehousing.org
Learn more at the official website: www.virginiasupportivehousing.org
Mission Statement of Independence House
Independence House is a nonprofit organization dedicated to providing lower income housing for special populations. Its mission is to offer a group home for individuals who fall under this category, providing them with a safe and supportive living environment. By offering this service, Independence House aims to contribute positively to the well-being of these special populations, enabling them to live with dignity and independence. The organization's programs are designed to cater to the unique needs of these individuals, ensuring they have access to a secure and stable living situation.
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Impact
August, 2024
Independence House's impact is evident in the provision of lower income housing for special populations in Richmond, VA. Through its programs, including a group home for special population, lower income individuals, Independence House plays a crucial role in addressing the housing needs of vulnerable populations in the community. By offering affordable and supportive housing solutions, Independence House helps to improve the overall quality of life for those in need, contributing to a more inclusive and compassionate society.
This information is meant to be a general summary of Independence House. 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: $4
- Program Service Revenue: $63,378
- Gross Receipts: $63,378
Assets and Liabilities:
- Total Assets: $523,805
- Total Liabilities: $74,211
- Net Assets: $449,594
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent
Revenue
$63,378
Organization Details
Founding Year
2005
Principal Officer
Allison Bogdanovic
NTEE Category
Code: P73 - Human services
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