Overview
What is White River Senior Housing Inc?
White River Senior Housing Inc is a nonprofit organization, specifically based in Melbourne, Arkansas. Their primary mission is to offer affordable housing options to low-income families, with residences spread across several locations, including Ridgecrest Manor, Sycamore Terrace, Melbourne Meadows, Pleasant Valley, and Hackett Manor. This organization's mission is rooted in the provision of housing assistance backed by federal funding. By doing so, they contribute substantially to the well-being of the community, ensuring that a diverse group of families can reside in stable and secure living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while White River Senior Housing Inc has a strong program expense ratio, reflecting a significant commitment to its mission, there are notable concerns regarding its financial management policies. The organization demonstrated 97.35% of its expenses directed towards programs, which suggests effective use of resources in fulfilling its objectives.
Strengths of the organization include a completely independent board and a strong audit and oversight committee, which indicates good governance practices. The board’s commitment to transparency is further evidenced by the documentation of board meeting minutes. However, the organization has faced criticism for missing several key policies, including conflict of interest, whistleblower, and document retention policies, which may affect accountability.
The financial health of the organization raises some flags, particularly with a liabilities to assets ratio of 143.50%, indicating potential financial instability. This, coupled with the absence of required policies, may hinder its ability to attract further donations or support. Overall, while White River Senior Housing Inc shows strengths in its program expenditures and governance, it needs to address significant governance and financial management issues to improve its standing and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is White River Senior Housing Inc legitimate?
White River Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. White River Senior Housing 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: $0
For more financial information, click here
What is the mission statement of White River Senior Housing Inc?
White River Senior Housing Inc is dedicated to providing housing assistance to families with low income, utilizing federal funding. Their primary objective is to make affordable housing units available, as evidenced by their provision of residences such as Ridgecrest Manor, Sycamore Terrace, Melbourne Meadows, Pleasant Valley, and Hackett Manor. The organization's mission is centered around ensuring that low-income families have access to suitable housing, thereby promoting a stable living environment.
Who is the CEO of White River Senior Housing Inc?
Katy Blevins is the President of White River Senior Housing Inc.
What is the revenue of White River Senior Housing Inc?
White River Senior Housing Inc's revenue in 2022 was $745,076.
Who are the executives of White River Senior Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for White River Senior Housing Inc?
White River Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of White River Senior Housing Inc
White River Senior Housing Inc, as its mission statement suggests, is dedicated to providing affordable housing solutions for low-income families. This nonprofit organization goes beyond just offering housing units; it plays a significant role in making housing accessible for those who might not otherwise have the means. Through its initiatives, White River Senior Housing Inc has established units such as Ridgecrest Manor, Sycamore Terrace, Melbourne Meadows, Pleasant Valley, and Hackett Manor, all designed to cater to this demographic. By providing these housing units with federal assistance, White River Senior Housing Inc is contributing to the broader goal of ensuring that everyone, regardless of income level, has access to a place they can call home.
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Impact
July, 2024
White River Senior Housing Inc provides a vital service by offering affordable housing with federal assistance to low-income families in Melbourne, Arkansas. Through properties like Ridgecrest Manor, Sycamore Terrace, Melbourne Meadows, Pleasant Valley, and Hackett Manor, this organization helps ensure that individuals and families have a safe and stable place to call home. By fulfilling its mission to provide housing with federal assistance, White River Senior Housing Inc positively impacts the lives of those in need by offering them a supportive and secure living environment.
This information is meant to be a general summary of White River Senior Housing 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: $49
- Program Service Revenue: $305,693
- Gross Receipts: $745,076
Assets and Liabilities:
- Total Assets: $1,906,351
- Total Liabilities: $2,723,204
- Net Assets: -$816,853
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$308,839
LESS BAD DEBTS
Revenue
-$3,146
Organization Details
Founding Year
1990
Phone
(870) 368-5200Principal Officer
Katy Blevins
Main Address
PO BOX 650, MELBOURNE, AR, 72556
NTEE Category
Code: L99Z - Housing
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