Overview
What is Dhic Inc?
Dhic Inc, a nonprofit organization based in Raleigh, North Carolina, is committed to addressing housing needs for low- and moderate-income families. By engaging in various development projects, they aim to construct affordable homes for these families. Upon completion, these residences will be inhabited by families within this income bracket. Dhic Inc's primary mission is to foster and maintain affordable housing, demonstrating a dedication to improving living conditions for a significant portion of the population. With a workforce of 28 individuals, they strive to make a tangible impact on their community.
Official website here: www.dhic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
Dhic Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 96%, the organization demonstrates a commitment to transparency and effective financial management, which is crucial for building trust with donors and stakeholders.
The charity boasts a fully independent board of directors, highlighting its governance strength. It has successfully implemented robust policies, including conflict of interest and whistleblower protections, all of which contribute to its high accountability score. Furthermore, the organization maintains a strong program expense ratio of 71.89%, indicating that a significant portion of its funds is directed towards its mission-driven programs.
While the data indicates a well-managed organization, the score is based solely on accountability and financial metrics, which may not provide a complete picture of its overall impact or effectiveness in achieving its mission. Therefore, potential donors may want to consider additional factors beyond financial ratings when evaluating their support for Dhic Inc.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Dhic Inc?
100% of the five reviewers on Facebook recommend Dhic Inc. Here is a summary of their reviews:
The organization is highly praised for its focus on building relationships within the community. Reviewers highlight the special connections fostered through their work, emphasizing the importance of collaboration in achieving the vision of affordable housing. Many feel that being part of Dhic Inc. is rewarding and impactful.
Overall, the sentiment is overwhelmingly positive, with individuals expressing satisfaction and a strong endorsement of the nonprofit’s mission and efforts in making a difference in affordable housing.
This AI summary has been generated from reviews found on Facebook.
Is Dhic Inc legitimate?
Dhic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dhic 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: $910,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,632,673
For more financial information, click here
Official website here: www.dhic.org
What is the mission statement of Dhic Inc?
Dhic Inc is committed to constructing, promoting, and maintaining affordable housing options for individuals and families with moderate and low incomes. This organization strives to provide affordable living spaces for these groups, ensuring that completion of their housing projects results in occupancy by these families. Their efforts aim to alleviate the financial burden associated with housing for these income groups.
Official website here: www.dhic.org
Who is the CEO of Dhic Inc?
Yolanda C Winstead is the Director of Dhic Inc.
Official website here: www.dhic.org
What is the revenue of Dhic Inc?
Dhic Inc's revenue in 2022 was $6,432,706.
Official website here: www.dhic.org
Who are the executives of Dhic Inc and what are their salaries?
The average compensation at Dhic Inc during 2022 was $90,825. There are 28 employees at Dhic Inc.
Here are 24 key members and their salaries:
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- Compensation: $168,875
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- Compensation: $127,240
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- Other: $20,919
- Compensation: $112,698
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- Other: $19,787
Official website here: www.dhic.org
Where can I find the form 990 for Dhic Inc?
Dhic Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dhic.org
Learn more at the official website: www.dhic.org
Mission Statement of Dhic Inc
Dhic Inc, a nonprofit organization, is dedicated to building, promoting, and preserving affordable housing for individuals and families with low and moderate incomes. This mission involves the development of various low-income housing projects, which generate the necessary expenses. Upon completion, these projects will be inhabited by families who fall under the category of moderate and low income. Dhic Inc's mission is vital in providing affordable housing solutions, ensuring that these individuals and families have access to suitable living spaces.
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Impact
July, 2024
Dhic Inc's impact lies in its commitment to providing affordable housing for low and moderate-income individuals and families. By building, promoting, and preserving affordable housing projects, Dhic Inc is helping address the critical need for accessible housing options in the community. Through their efforts, they are creating opportunities for individuals and families to have safe and stable homes, ultimately contributing to the overall well-being and vitality of the community.
This information is meant to be a general summary of Dhic 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: $432,739
- Program Service Revenue: $3,532,453
- Gross Receipts: $6,432,706
Assets and Liabilities:
- Total Assets: $31,913,929
- Total Liabilities: $950,970
- Net Assets: $30,962,959
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT DEV FEE
Revenue
$2,683,865
PTNERSHIP MGT. FEE
Revenue
$826,541
HOMEOWNERSHIP COUNSELI
Revenue
$22,047
Organization Details
Founding Year
1973
Phone
(919) 832-4345Principal Officer
Yolanda C Winstead
Main Address
PO BOX 2185, RALEIGH, NC, 27602
Website
www.dhic.orgNTEE Category
Code: L25 - Housing
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