Overview
What is Ross Creek Housing Phase Ii Inc?
Ross Creek Housing Phase II Inc. is a nonprofit organization situated in Asheville, NC, dedicated to providing housing solutions for very low-income, disabled individuals. Their primary mission involves constructing and managing a six-unit apartment complex specifically tailored for disabled persons, offering them secure and accessible living spaces. The organization's goal is to contribute to the well-being of this specific community by offering a suitable living environment that caters to their unique needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Ross Creek Housing Phase II Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. The score reflects a strong emphasis on financial management and governance, as evidenced by a perfect accountability score and a program expense ratio of 91.14%, suggesting that the majority of funds are directed towards their mission-driven programs.
The organization showcases significant strengths in governance, with a fully independent board, demonstrating a commitment to transparency and effective oversight. Additionally, there is no indication of material diversion of assets, further reinforcing their financial integrity. The organization also maintains comprehensive documentation of board meeting minutes, reflecting a structured approach to decision-making.
One area to note is that the overall score is based solely on financial metrics, which may not fully capture the impact or effectiveness of the organization’s programs. While their financial health appears robust, potential donors and stakeholders may want to consider additional qualitative factors when assessing the overall effectiveness of Ross Creek Housing Phase II Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Ross Creek Housing Phase Ii Inc legitimate?
Ross Creek Housing Phase Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ross Creek Housing Phase Ii 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 Ross Creek Housing Phase Ii Inc?
Ross Creek Housing Phase II Inc's mission is centered around providing housing solutions for individuals with disabilities. Specifically, the organization undertakes a six-unit apartment project to accommodate very low-income disabled individuals. The project's objective is to offer a residential space that caters to the needs of these individuals, thereby enhancing their quality of life. The organization's efforts aim to contribute positively to the community, providing a supportive living environment for those in need.
Who is the CEO of Ross Creek Housing Phase Ii Inc?
Lawrence E Thompson Iii is the President of Ross Creek Housing Phase Ii Inc.
What is the revenue of Ross Creek Housing Phase Ii Inc?
Ross Creek Housing Phase Ii Inc's revenue in 2022 was $38,728.
Who are the executives of Ross Creek Housing Phase Ii Inc and what are their salaries?
There 6 volunteers at Ross Creek Housing Phase Ii Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ross Creek Housing Phase Ii Inc?
Ross Creek Housing Phase Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ross Creek Housing Phase Ii Inc
Ross Creek Housing Phase II Inc is a nonprofit organization with a mission to provide housing for disabled individuals who fall into the category of very low income. Specifically, they are undertaking a six-unit apartment project to meet this need. The project aims to offer a safe and suitable living space for these individuals, thereby contributing to their overall well-being and independence. By providing these apartments, Ross Creek Housing Phase II Inc is demonstrating its commitment to supporting individuals who may face unique challenges due to their disabilities. The organization's efforts are essential in ensuring that these individuals have access to adequate housing, which is a fundamental human right and a critical factor in their ability to lead fulfilling lives.
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Impact
August, 2024
Ross Creek Housing Phase II Inc provides a crucial service by offering six apartments specifically designed to accommodate disabled individuals with very low incomes in Asheville, NC. By doing so, this organization directly addresses the housing needs of a vulnerable population, ensuring they have a safe and accessible place to live. Through their mission-focused approach, Ross Creek Housing Phase II Inc contributes to enhancing the quality of life for individuals who may face significant challenges in finding suitable housing options elsewhere.
This information is meant to be a general summary of Ross Creek Housing Phase Ii 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: $3
- Program Service Revenue: $14,950
- Gross Receipts: $38,728
Assets and Liabilities:
- Total Assets: $717,878
- Total Liabilities: $340,816
- Net Assets: $377,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$14,950
Organization Details
Founding Year
2006
Phone
(828) 651-9780Principal Officer
Lawrence E Thompson Iii
Main Address
PO BOX 547, ARDEN, NC, 28704
NTEE Category
Code: L21 - Housing
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