Overview
What is Woodland Park Apartments Of Hickory Inc?
Woodland Park Apartments of Hickory Inc is a nonprofit organization that focuses on providing affordable housing for low-income residents. Situated in Christiansburg, Virginia, they manage a 64-unit apartment complex. Their mission is to ensure that the housing they offer is not only sustainable but also healthy, catering to the needs of their residents effectively. This organization plays a significant role in the community by offering an essential service, contributing to the overall well-being of their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Woodland Park Apartments Of Hickory Inc has achieved a solid score of 79%, which indicates a satisfactory level of accountability and financial health. This rating is derived entirely from their Accountability & Finance metrics, reflecting the organization’s commitment to maintaining transparency and effective governance practices.
The nonprofit boasts a strong governance structure with a majority of independent board members, demonstrating its commitment to avoiding conflicts of interest. Additionally, there are no reported material diversions of assets, and the organization has implemented comprehensive policies such as a whistleblower policy and a conflict of interest policy, both of which enhance its operational integrity.
However, while the organization's financial practices seem robust, the compensation of key personnel raises some concerns among stakeholders. The high salaries for top executives, notably over $500,000 for the CEO, may warrant further scrutiny regarding the allocation of funds in light of the nonprofit’s mission. Overall, Woodland Park Apartments Of Hickory Inc demonstrates competence in governance but may benefit from increased focus on financial prudence and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Woodland Park Apartments Of Hickory Inc legitimate?
Woodland Park Apartments Of Hickory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woodland Park Apartments Of Hickory 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: $99,948
For more financial information, click here
What is the mission statement of Woodland Park Apartments Of Hickory Inc?
Woodland Park Apartments of Hickory Inc is committed to providing affordable housing for individuals with low income. Located in an unspecified location, the organization operates a 64-unit apartment complex with a mission to offer sustainable and healthy living spaces. Their primary goal is to make housing accessible and affordable for this demographic. The organization strives to maintain the property in a manner that ensures the well-being of its residents.
Who is the CEO of Woodland Park Apartments Of Hickory Inc?
Jeffrey Reed is the Chief Executive Officer of Woodland Park Apartments Of Hickory Inc. The CEO's salary of Woodland Park Apartments Of Hickory Inc is $0 and their total compensation is $616,715.
What is the revenue of Woodland Park Apartments Of Hickory Inc?
Woodland Park Apartments Of Hickory Inc's revenue in 2022 was $474,309.
Who are the executives of Woodland Park Apartments Of Hickory Inc and what are their salaries?
Here are 12 key members and their salaries (Woodland Park Apartments Of Hickory Inc's CEO's salary is $0 and their total compensation is $616,715):
- Compensation: $0
- Related: $555,107
- Other: $61,608
- Compensation: $0
- Related: $333,052
- Other: $35,717
- Compensation: $0
- Related: $405,876
- Other: $56,798
- Compensation: $0
- Related: $237,553
- Other: $54,080
- Compensation: $0
- 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
- 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 Woodland Park Apartments Of Hickory Inc?
Woodland Park Apartments Of Hickory Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Woodland Park Apartments Of Hickory Inc
Woodland Park Apartments of Hickory, a nonprofit organization, is dedicated to providing a mission of offering healthy, sustainable, and affordable housing options for low-income residents. Situated in Christiansburg, VA, this apartment complex comprises 64 units, with the primary goal of making a positive impact on the lives of those in need. By offering affordable housing, Woodland Park Apartments of Hickory contributes to the well-being of its residents, providing them with a secure and comfortable living environment. The organization's mission is to ensure that housing remains a fundamental human right, accessible to all, regardless of their financial circumstances.
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Impact
July, 2024
Woodland Park Apartments of Hickory Inc, operating a 64-unit apartment complex in Christiansburg, VA, has a significant impact on low-income residents in the area by providing them with healthy, sustainable, and affordable housing options. The organization's mission to offer housing to those in need directly addresses the pressing issue of affordable housing in the community. Through their efforts, Woodland Park Apartments of Hickory Inc positively impacts the lives of low-income residents by giving them a stable and secure place to call home.
This information is meant to be a general summary of Woodland Park Apartments Of Hickory 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: $278
- Program Service Revenue: $474,031
- Gross Receipts: $474,309
Assets and Liabilities:
- Total Assets: $2,299,848
- Total Liabilities: $2,006,735
- Net Assets: $293,113
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$474,031
Organization Details
Founding Year
2013
Phone
(540) 382-2002Principal Officer
Jeffrey Reed
Main Address
448 DEPOT STREET, CHRISTIANSBURG, VA, 24073
NTEE Category
Code: L20 - Housing
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