Overview
What is Welcome Housing Corp?
Welcome Housing Corp is a nonprofit organization situated in Convington, Kentucky, specifically at 205 Pike Street. Their primary mission is to guide individuals and families from housing instability to stability. They achieve this goal by offering a range of services, including housing, service coordination, and outreach and stability initiatives. The Gardens at Greenup, a supportive housing program, is one of their key offerings. This program provides 20 units of affordable housing alongside on-site supportive services for formerly homeless families working towards economic self-sufficiency. Residents are offered a structured environment to develop essential life and parenting skills while pursuing educational and employment opportunities. The organization's vision is to be a leader in this field, helping each person they serve to secure a stable home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Welcome Housing Corp has achieved a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization scored 79% overall, with a particularly strong showing in areas such as having a fully independent board and robust financial policies. Notably, their program expense ratio is impressive at 96.24%, indicating that a significant majority of their expenses are directed towards their programs rather than administrative costs.
The charity demonstrates commendable governance practices, featuring a conflict of interest policy and a whistleblower policy, both of which contribute to transparency and ethical management. Additionally, the board meeting minutes are documented, further enhancing accountability. The organization has received full marks in these areas, showcasing its commitment to responsible financial stewardship and governance.
However, there are notable weaknesses, particularly regarding the liabilities to assets ratio, which stands at 227.00%. This high ratio suggests potential financial risk, indicating that the liabilities may significantly outweigh the assets. While the organization exhibits many strengths, this limitation is crucial for potential donors and stakeholders to consider when evaluating its overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Welcome Housing Corp legitimate?
Welcome Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Welcome Housing Corp 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
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What is the mission statement of Welcome Housing Corp?
Welcome Housing Corp aims to lead in guiding clients from housing uncertainty to stability. They accomplish this through the services they offer, including housing, service coordination, and outreach & stability. The organization's mission is to provide a continuum of services that aims to end homelessness and promote stability for each individual they assist. The Gardens at Greenup is one of their programs, offering 20 units of affordable housing alongside on-site supportive services for formerly homeless families working towards economic self-sufficiency. This structured environment allows residents to build life and parenting skills, pursue educational and training opportunities, and enhance employment prospects.
Who is the CEO of Welcome Housing Corp?
Danielle Amrine is the Chair of Welcome Housing Corp.
What is the revenue of Welcome Housing Corp?
Welcome Housing Corp's revenue in 2022 was $19,575.
Who are the executives of Welcome Housing Corp and what are their salaries?
There 3 volunteers at Welcome Housing Corp.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Welcome Housing Corp?
Welcome Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Welcome Housing Corp
Welcome Housing Corp, a leading organization, aims to guide individuals from housing uncertainty to stability. They achieve this goal by offering a continuum of services, including housing, service coordination, and outreach and stability. Their mission is to provide these comprehensive services, ultimately ending homelessness and promoting stability for each person they assist.
The Gardens at Greenup is one of Welcome Housing Corp's initiatives that embodies this mission. This supportive housing program combines 20 units of affordable housing with on-site supportive services for formerly homeless families working towards economic self-sufficiency. By providing a structured environment, residents can develop essential life and parenting skills, while also pursuing educational and training opportunities to enhance their employment prospects. This holistic approach allows Welcome Housing Corp to make a significant impact in helping individuals overcome homelessness and build a stable future.
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Impact
August, 2024
Welcome Housing Corp's impact can be seen in the positive outcomes achieved by providing supportive housing and services to formerly homeless families in Covington, KY. Through programs like The Gardens at Greenup, Welcome Housing Corp is actively working towards ending homelessness and promoting stability for each person they serve. By offering affordable housing combined with on-site supportive services, they create a structured environment for residents to build important life skills, pursue education and training opportunities, and ultimately move towards economic self-sufficiency. This approach not only helps individuals and families secure stable housing but also empowers them to improve their overall well-being and quality of life.
This information is meant to be a general summary of Welcome Housing Corp. 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.
- Gross Receipts: $19,575
Assets and Liabilities:
- Total Assets: $630,151
- Total Liabilities: $1,430,495
- Net Assets: -$800,344
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Organization Details
Founding Year
1993
Phone
(589) 431-8717Principal Officer
Danielle Amrine
Main Address
205 PIKE STREET, CONVINGTON, KY, 41011
NTEE Category
Code: L99Z - Housing
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