Overview
What is Walmsley Housing Corporation?
Walmsley Housing Corporation is a nonprofit organization situated in New Orleans, Louisiana, dedicated to catering to the housing needs of individuals with limited income. By managing two complexes, Rock Creek Apartments with 160 units and Cascade Apartments with 120 units, the corporation offers a home for those in need. Their primary mission is to ensure affordable housing, aligning with their purpose of 'to provide low income housing.'
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Walmsley Housing Corporation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization scored 94% overall, reflecting its commitment to transparency and effective financial practices. The high score is derived entirely from its Accountability & Finance metrics, showcasing a robust governance structure and prudent fiscal management.
The organization stands out for having a fully independent board, with all eight members meeting the criteria for independence. This structure, combined with a comprehensive audit and oversight committee, reinforces the organization's dedication to ethical practices. Additionally, policies governing conflict of interest, whistleblowing, and document retention are in place, further indicating a strong governance framework.
One notable strength is the program expense ratio of 98.97%, which suggests that the vast majority of funds are directed towards fulfilling the nonprofit's mission. Furthermore, the low liabilities to assets ratio of 32.77% indicates sound financial health. Overall, Walmsley Housing Corporation demonstrates a commitment to accountability, although specific programmatic outcomes and impact metrics are not detailed in the available data.
This AI summary has been generated from information found on Charity Navigator.
Is Walmsley Housing Corporation legitimate?
Walmsley Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walmsley Housing Corporation 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.
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What is the mission statement of Walmsley Housing Corporation?
Walmsley Housing Corporation is committed to providing low-income housing. This is evident in their operation of two complexes, Rock Creek Apartments with 160 units and Cascade Apartments with 120 units, both located in New Orleans, Louisiana. The corporation's mission is centered around offering housing solutions for individuals with limited financial resources. By operating these complexes, Walmsley Housing Corporation contributes to housing accessibility and aims to make a difference in the lives of those in need.
Who is the CEO of Walmsley Housing Corporation?
Mr Ron Yager is the President of Walmsley Housing Corporation.
What is the revenue of Walmsley Housing Corporation?
Walmsley Housing Corporation's revenue in 2022 was $2,293,812.
Who are the executives of Walmsley Housing Corporation and what are their salaries?
Here are 21 key members and their salaries:
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Where can I find the form 990 for Walmsley Housing Corporation?
Walmsley Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walmsley Housing Corporation
Walmsley Housing Corporation, a nonprofit organization, is committed to providing low-income housing. They operationalize this mission through two complexes, Rock Creek Apartments and Cascade Apartments, both located in New Orleans, LA. These facilities offer housing to individuals with limited financial resources, aligning with the corporation's dedication to making housing accessible for those in need. The corporation's mission to provide low-income housing is a crucial contribution to the community, ensuring that everyone has a roof over their heads regardless of their financial situation.
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Impact
July, 2024
Walmsley Housing Corporation's impact is significant in providing low-income housing opportunities for individuals in New Orleans, LA. Through its operation of Rock Creek Apartments and Cascade Apartments, totaling 280 units, the corporation serves as a critical resource for those in need of affordable housing. By fulfilling its mission to provide housing for low-income individuals, Walmsley Housing Corporation plays a vital role in addressing housing insecurity and improving the quality of life for residents in the community.
This information is meant to be a general summary of Walmsley Housing Corporation. 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: -$22,547
- Program Service Revenue: $2,233,357
- Gross Receipts: $2,317,065
Assets and Liabilities:
- Total Assets: $14,090,196
- Total Liabilities: $4,908,823
- Net Assets: $9,181,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$2,186,493
LAUNDRY AND VENDING
Revenue
$8,321
MISCELLANEOUS
Revenue
$9,405
TENANT CHARGES
Revenue
$29,138
Organization Details
Founding Year
1988
Phone
(504) 830-3700Principal Officer
Mr Ron Yager
Main Address
3900 HOWARD AVE, NEW ORLEANS, LA, 70125
NTEE Category
Code: L20Z - Housing
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