Overview
What is Redi Vi?
Redi Vi is a nonprofit organization situated in Denver, Colorado, with an address at 1900 Grant Street 540. Their primary mission is to offer affordable housing for individuals with chronic mental illnesses who have low income. This is carried out through the operation of 19 residential units, under a subsidy program backed by the United States Department of Housing and Urban Development. The organization's primary goal is to provide a safe and supportive environment for these individuals, ensuring they have a place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating
Redi Vi holds a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strong governance practices, with 100% of its board members being independent, which enhances the integrity of its decision-making processes. It also has a solid program expense ratio of 72.28%, reflecting a significant portion of its resources directed towards its mission-driven activities.
Despite these strengths, Redi Vi faces challenges in its financial stability, as indicated by a liabilities to assets ratio of 183.56%. This suggests that the organization has more liabilities than assets, which could impact its long-term viability and ability to sustain its programs. The charity has implemented important policies related to conflict of interest and document retention, showcasing its commitment to transparency and good governance.
Overall, while Redi Vi exhibits positive traits in terms of board independence and program spending, potential donors and stakeholders should be mindful of its financial health when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Redi Vi legitimate?
Redi Vi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redi Vi 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: $35,307
For more financial information, click here
What is the mission statement of Redi Vi?
Redi Vi's mission is centered around providing affordable housing for individuals who are chronically mentally ill and fall into the low-income category. In pursuit of this goal, they operate 19 units of residential housing under a subsidy program sponsored by the US Department of Housing and Urban Development. The organization's primary aim is to ensure that these vulnerable individuals have access to secure and affordable housing, thereby improving their overall quality of life.
Who is the CEO of Redi Vi?
David G Murphy is the President of Redi Vi.
What is the revenue of Redi Vi?
Redi Vi's revenue in 2023 was $157,068.
Who are the executives of Redi Vi and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Redi Vi?
Redi Vi's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Redi Vi
Redi Vi, a nonprofit organization, is dedicated to providing affordable housing for individuals who are chronically mentally ill and fall into the low-income category. Their mission is centered around this specific population, aiming to ensure they have a reliable and supportive living environment. To accomplish this, Redi Vi operates 19 units of residential housing under a subsidy program from the U.S. Department of Housing and Urban Development. This commitment to affordable housing for the chronically mentally ill is a vital contribution to their overall well-being and rehabilitation.
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Impact
October, 2024
Redi Vi plays a pivotal role in addressing the critical need for affordable housing for low-income individuals who are chronically mentally ill. By operating 19 residential units specifically designed for this vulnerable population, Redi Vi ensures that these individuals have a safe and stable living environment. This stability is essential for fostering mental health recovery, providing residents with the support needed to regain their independence and quality of life.
Located in Denver, Colorado, Redi Vi functions under a subsidy program from the U.S. Department of Housing and Urban Development, which allows them to offer affordable housing solutions that might otherwise be inaccessible to those in need. The organization not only alleviates the housing crisis for this demographic but also promotes social inclusion and community integration, reducing stigma associated with mental health challenges.
Through its initiatives, Redi Vi significantly impacts the lives of its residents, contributing to improved mental health outcomes, better social connections, and overall community well-being. The combination of secure housing and targeted support services empowers individuals to thrive, making Redi Vi a vital asset in the fabric of human services in the region.
This information is meant to be a general summary of Redi Vi. 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 2023.
- Investment Income: $223
- Program Service Revenue: $37,107
- Gross Receipts: $157,068
Assets and Liabilities:
- Total Assets: $154,599
- Total Liabilities: $283,784
- Net Assets: -$129,185
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE INCOME
Revenue
$37,107
Organization Details
Founding Year
1988
Phone
(303) 860-7885Principal Officer
David G Murphy
Main Address
1900 GRANT STREET 540, DENVER, CO, 80203
NTEE Category
Code: P73Z - Human services
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