Overview
What is District Elderly Housing Development Corporation?
District Elderly Housing Development Corporation is a compassionate nonprofit organization situated in West Columbia, South Carolina. Their primary mission is to offer affordable housing options and essential facilities to elderly or handicapped individuals and families who fall below the income threshold. The organization has a unique focus on catering to the specific physical, social, and psychological needs of this demographic, ensuring their well-being and quality of life. This is achieved through the provision of below-cost rental housing, tailored services, and facilities designed to address their unique requirements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating. The organization demonstrates strong accountability in certain areas, with 100% of its board members being independent and a robust program expense ratio of 88.85%. These strengths indicate a commitment to effective governance and a focus on delivering services directly related to its mission.
However, there are notable limitations reflected in the rating. The organization has a high liabilities to assets ratio of 92.93%, which raises concerns about its financial stability. Additionally, the absence of key policies such as a conflict of interest and whistleblower policy, along with the missing website information on its tax form, points to areas where governance practices could be improved.
Overall, while District Elderly Housing Development Corporation shows promise in its service delivery and independent oversight, it must address its financial risk and enhance transparency through necessary policies and documentation to improve its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is District Elderly Housing Development Corporation legitimate?
District Elderly Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. District Elderly Housing Development Corporation 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:
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What is the mission statement of District Elderly Housing Development Corporation?
The District Elderly Housing Development Corporation is dedicated to serving lower-income elderly or handicapped individuals by providing them with affordable housing and related facilities and services. The organization's primary goal is to cater to the unique physical, social, and psychological needs of the aged or handicapped population. By offering below-cost rental units, the corporation aims to enhance the quality of life for these individuals, addressing their specific requirements in a holistic manner.
Who is the CEO of District Elderly Housing Development Corporation?
Harold Murray Jr is the President of District Elderly Housing Development Corporation.
What is the revenue of District Elderly Housing Development Corporation?
District Elderly Housing Development Corporation's revenue in 2022 was $539,602.
Who are the executives of District Elderly Housing Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for District Elderly Housing Development Corporation?
District Elderly Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of District Elderly Housing Development Corporation
District Elderly Housing Development Corporation, a non-profit organization, is dedicated to assisting lower-income elderly or handicapped families and individuals. Their mission lies in providing affordable rental housing and related facilities and services specifically tailored to cater to the unique physical, social, and psychological needs of the elderly or handicapped. This organization strives to create an environment that supports and uplifts its residents, aiming to enhance their quality of life. While further details about their activities or schedule were not provided, it is clear that District Elderly Housing Development Corporation is committed to making a meaningful difference in the lives of those who need it most.
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Impact
July, 2024
District Elderly Housing Development Corporation provides vital support to lower-income elderly or handicapped individuals and families in West Columbia, SC by offering below-cost rental housing and related facilities and services tailored to their specific needs. This organization plays a crucial role in addressing the physical, social, and psychological requirements of its aging or disabled residents, ensuring they have access to safe and affordable housing options. Through its focused mission, District Elderly Housing Development Corporation positively impacts the lives of vulnerable individuals, enhancing their quality of life and fostering a sense of community and support.
This information is meant to be a general summary of District Elderly Housing Development Corporation. 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: $1,753
- Program Service Revenue: $187,640
- Gross Receipts: $539,602
Assets and Liabilities:
- Total Assets: $1,070,219
- Total Liabilities: $994,643
- Net Assets: $75,576
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$187,640
Organization Details
Founding Year
1981
Phone
(803) 808-3966Principal Officer
Harold Murray Jr
Main Address
1403 JARET COURT, WEST COLUMBIA, SC, 29169
NTEE Category
Code: L21Z - Housing
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