Overview
What is Wnc Madison County Housing Corp Inc?
Wnc Madison County Housing Corp Inc is a nonprofit organization situated in Hot Springs, North Carolina. With a team of nine dedicated individuals, their primary mission is to support and empower six developmentally disabled adults. They achieve this by providing housing, facilitating job placement, and offering training in essential living skills. Furthermore, the organization enriches their lives by promoting social skills and engaging them in various activities of daily living, thereby contributing to their overall development and social adaptation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
WNC Madison County Housing Corp Inc has received a score of 67%, which indicates a moderate level of effectiveness in its operations and financial management. The organization has demonstrated strong governance with 100% of its board members being independent, and it maintains a healthy liabilities to assets ratio of 0.82%. Additionally, the nonprofit has a perfect program expense ratio of 100%, showing that all its expenditures are directed towards its mission-related activities.
The organization's strengths lie in its commitment to transparency and accountability, as evidenced by its documentation of board meeting minutes and the absence of any material diversion of assets. These factors reflect a well-managed organization that prioritizes its objectives and adheres to best practices in nonprofit governance.
However, the overall Two-Star rating suggests that there may be areas for improvement in efficiency or impact that could enhance its standing. Stakeholders may want to pay attention to how the organization addresses these potential weaknesses in the future to ensure continued growth and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Wnc Madison County Housing Corp Inc legitimate?
Wnc Madison County Housing Corp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wnc Madison County Housing Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,420
For more financial information, click here
What is the mission statement of Wnc Madison County Housing Corp Inc?
Wnc Madison County Housing Corp Inc's mission is centered around caring for adults with developmental disabilities. This involves providing training for essential living skills and facilitating social adaptation in various social and cultural affairs. The organization offers housing and supports these individuals in enhancing their lives through job placement and training, as well as assistance in developing social skills and engaging in daily activities.
Who is the CEO of Wnc Madison County Housing Corp Inc?
Barbara Moloney is the Secretary of Wnc Madison County Housing Corp Inc.
What is the revenue of Wnc Madison County Housing Corp Inc?
Wnc Madison County Housing Corp Inc's revenue in 2023 was $549,936.
Who are the executives of Wnc Madison County Housing Corp Inc and what are their salaries?
The average compensation at Wnc Madison County Housing Corp Inc during 2023 was $27,269. There are 9 employees at Wnc Madison County Housing Corp Inc.
Here are 5 key members and their salaries:
- Compensation: $52,951
- 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
Where can I find the form 990 for Wnc Madison County Housing Corp Inc?
Wnc Madison County Housing Corp Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wnc Madison County Housing Corp Inc
Wnc Madison County Housing Corp Inc is dedicated to providing care and support for adults with developmental disabilities. Their mission involves providing training for living skills and facilitating social adaptation in various social and cultural affairs. The organization achieves this by offering housing and a nurturing environment, empowering these individuals to lead fulfilling lives. They go beyond mere shelter, offering job placement assistance and training to help the adults gain independence and integrate into society. Furthermore, Wnc Madison County Housing Corp Inc provides assistance with social skills and other activities of daily living, enriching their lives and enabling them to participate more effectively in their communities.
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Impact
July, 2024
Wnc Madison County Housing Corp Inc positively impacts the lives of developmentally disabled adults by providing housing and essential living skills training. The organization offers job placement and training, as well as assistance with social skills and other aspects of daily living, enhancing the quality of life for these individuals. Through their group home in Hot Springs, NC, they create a supportive environment that fosters independence and social adaptation among the residents.
This information is meant to be a general summary of Wnc Madison County Housing Corp 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 2023.
- Investment Income: $1,112
- Program Service Revenue: $94,080
- Gross Receipts: $549,936
Assets and Liabilities:
- Total Assets: $584,793
- Total Liabilities: $4,851
- Net Assets: $579,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$94,080
Organization Details
Founding Year
1977
Principal Officer
Barbara Moloney
Main Address
PO BOX 97, HOT SPRINGS, NC, 28743
NTEE Category
Code: L50 - Housing
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