Overview
What is Ross Creek Housing Inc?
Ross Creek Housing Inc is a nonprofit organization situated in Asheville, North Carolina. Their primary mission is to provide housing for individuals with low income and mental disabilities, offering eight suitable apartments for their residence. The project's goal is to improve the quality of life for these individuals by providing them with a secure and supportive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (73%)
Ross Creek Housing Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The overall score of 73% reflects strong performance in areas such as board independence and financial sustainability, with perfect scores for the majority of independent board members and a favorable liabilities to assets ratio.
However, the organization faces significant limitations regarding its accountability and transparency practices. Key policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, are currently missing, which affects its overall governance score. Additionally, the nonprofit has not made its tax form available on its website, further contributing to concerns about transparency.
Despite its solid program expense ratio, demonstrating that a high percentage of funds are directed toward its programs, the missing governance documents highlight areas that Ross Creek Housing Inc needs to address to improve its trustworthiness and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ross Creek Housing Inc legitimate?
Ross Creek Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ross Creek 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 Ross Creek Housing Inc?
Ross Creek Housing Inc's mission is centered around providing housing solutions for individuals with mental disabilities who fall under the category of very low income. Specifically, the organization has undertaken a project to construct an 8-unit apartment complex, which serves as a residential space for these individuals. This initiative is aimed at enhancing their living standards and offering them a supportive environment. The project's primary location is not specified in the provided information, but it is situated in Asheville, North Carolina.
Who is the CEO of Ross Creek Housing Inc?
Lawrence E Thompson Iii is the President of Ross Creek Housing Inc.
What is the revenue of Ross Creek Housing Inc?
Ross Creek Housing Inc's revenue in 2022 was $57,193.
Who are the executives of Ross Creek Housing Inc and what are their salaries?
There 6 volunteers at Ross Creek Housing Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ross Creek Housing Inc?
Ross Creek Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ross Creek Housing Inc
Ross Creek Housing Inc is committed to providing housing solutions for individuals with mental disabilities who fall into the category of very low income. Their mission is to spearhead a 8-unit apartment project, which serves as a sanctuary for these individuals, ensuring they have a place to call home in Asheville, NC. This project is a testament to their dedication towards improving the living conditions of mentally handicapped individuals, providing them with the necessary support and accommodation they require.
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Impact
August, 2024
Ross Creek Housing Inc's impact lies in providing essential housing support for very low-income, mentally handicapped individuals in Asheville, NC. Through the provision of eight apartments specially designed for disabled persons, this organization plays a crucial role in ensuring that some of the most vulnerable members of the community have a safe and stable place to call home. By offering this critical support, Ross Creek Housing Inc helps improve the quality of life and well-being of those in need, contributing to a more inclusive and supportive society.
This information is meant to be a general summary of Ross Creek 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.
- Program Service Revenue: $25,801
- Gross Receipts: $57,193
Assets and Liabilities:
- Total Assets: $618,545
- Total Liabilities: $99,208
- Net Assets: $519,337
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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
$25,224
LAUNDRY/VENDING INCOME
Revenue
$507
TENANT CHARGES
Revenue
$70
Organization Details
Founding Year
2002
Phone
(828) 651-9780Principal Officer
Lawrence E Thompson Iii
Main Address
PO BOX 547, ARDEN, NC, 28704
NTEE Category
Code: P82 - Human services
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