Overview
What is The Davidson Housing Coalition?
The Davidson Housing Coalition is a nonprofit organization situated in Davidson, North Carolina. Their primary focus is on addressing the issue of affordable housing within the community. They accomplish this by owning and managing properties designated as affordable, which are then made available for lease to individuals and families whose income does not exceed 80% of the area median income. Additionally, certain units are provided on a purchase or lease-to-purchase basis to the same demographic. Beyond housing, the coalition works towards fostering financial stability and home ownership by collaborating with the larger community. Their mission is to preserve and create affordable housing options, with a goal of empowering families and individuals on their journey towards financial stability. The organization boasts a workforce of 5 dedicated individuals.
Official website here: www.davidsonhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
The Davidson Housing Coalition has achieved an impressive 95% rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. With a remarkable score of 94 in Accountability & Finance and 97 in Culture & Community, the organization demonstrates a solid framework for transparency and community engagement. The board is fully independent, consisting of 14 members, which enhances the organization's governance and decision-making processes.
In terms of financial health, the Davidson Housing Coalition maintains a favorable liabilities to assets ratio of 49.75%, indicating a stable financial position. A program expense ratio of 67.59% suggests that a significant portion of its resources is allocated directly to programmatic activities. The organization also scores exceptionally well on constituent feedback, with 100% in feedback collection, usage, and practices, highlighting its responsiveness to community needs and satisfaction.
While the data showcases numerous strengths, such as no material diversion of assets and comprehensive internal policies, it is essential to remain aware of ongoing challenges that nonprofits may face. However, the Davidson Housing Coalition’s robust standing in various aspects indicates a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Davidson Housing Coalition legitimate?
The Davidson Housing Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Davidson Housing Coalition 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: $96,319
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,834
For more financial information, click here
Official website here: www.davidsonhousing.org
What is the mission statement of The Davidson Housing Coalition?
The Davidson Housing Coalition's mission is centered around collaborating with the broader community. Their primary objective is to preserve and develop affordable housing options, aiming to cater to families and individuals with income levels not exceeding 80% of the area median income. Furthermore, the organization is committed to helping these individuals and families achieve financial stability and eventual home ownership. The Coalition accomplishes this through its Affordable Rental Program, which offers properties for lease, and in some cases, for purchase or lease-to-purchase.
Official website here: www.davidsonhousing.org
Who is the CEO of The Davidson Housing Coalition?
Conniej Wessner is the Executive Dir. of The Davidson Housing Coalition.
Official website here: www.davidsonhousing.org
What is the revenue of The Davidson Housing Coalition?
The Davidson Housing Coalition's revenue in 2022 was $485,310.
Official website here: www.davidsonhousing.org
Who are the executives of The Davidson Housing Coalition and what are their salaries?
The average compensation at The Davidson Housing Coalition during 2022 was $40,431. There are 5 employees and 175 volunteers at The Davidson Housing Coalition.
Here are 13 key members and their salaries:
- Compensation: $96,319
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.davidsonhousing.org
Where can I find the form 990 for The Davidson Housing Coalition?
The Davidson Housing Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.davidsonhousing.org
Learn more at the official website: www.davidsonhousing.org
Mission Statement of The Davidson Housing Coalition
The Davidson Housing Coalition is dedicated to partnering with the wider community in an effort to safeguard and establish affordable housing options. Their mission extends beyond this, aiming to assist families and individuals in achieving financial stability and eventual home ownership. Through their Affordable Rental Program, they manage properties designated as affordable, providing lease options for individuals and families whose income does not exceed 80% of the area median income. Some of these properties are even available for purchase or lease-to-purchase, catering to the same demographic. By offering affordable housing options and financial preparation resources, The Davidson Housing Coalition plays a significant role in helping individuals and families secure a stable living environment.
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
July, 2024
The Davidson Housing Coalition's impact lies in its work to preserve and create affordable housing options in Davidson, NC. By owning and managing various real estate properties designated as affordable, the Coalition provides individuals and families earning up to 80% of the area median income with access to affordable housing. Additionally, the Coalition offers certain units for purchase or lease-to-purchase, enabling more people to achieve home ownership. Through these initiatives, the Davidson Housing Coalition plays a crucial role in promoting financial stability and housing security within the community.
This information is meant to be a general summary of The Davidson Housing Coalition. 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: $17,012
- Program Service Revenue: $220,406
- Gross Receipts: $485,310
Assets and Liabilities:
- Total Assets: $3,021,594
- Total Liabilities: $771,907
- Net Assets: $2,249,687
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.
Development & Other Fees
Revenue
$100
Homeless Service Income
Rent
Revenue
$220,306
Organization Details
Founding Year
1997
Phone
(704) 892-4486Principal Officer
Conniej Wessner
Main Address
PO Box 854, Davidson, NC, 28036
Website
www.davidsonhousing.orgNTEE Category
Code: L20 - Housing
If you are a representative of The Davidson Housing Coalition 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.