Overview
What is Del Rio Rotary Housing?
Del Rio Rotary Housing is a nonprofit organization situated in Del Rio, Texas. It operates 41 rental units, funded by the U.S. Department of Housing and Urban Development's Section 202 Program. This program is designed to offer housing and necessary services to the elderly community, ensuring they live with comfort and support. The organization's primary mission is to cater to the housing needs of the elderly, providing them with a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating
Del Rio Rotary Housing has achieved a 65% rating from Charity Navigator, indicating a need for improvement in accountability and finance practices. While the charity has demonstrated strong governance with 100% independent board members and a solid program expense ratio of 87.16%, it struggles with certain transparency issues and financial metrics that detract from its overall score.
The organization has effectively maintained a material diversion of assets at zero and has documented board meeting minutes, which reflects good governance practices. However, Del Rio Rotary Housing falls short in areas such as its liabilities to assets ratio, which stands at 140.57%, and the absence of critical policies like conflict of interest and whistleblower protections. These shortcomings highlight areas where the organization could bolster its operational transparency and financial stability.
While the charity's commitment to transparency in its financial documents is evident, the lack of a listed website on its tax form and missing policies raises concerns about its accountability to stakeholders. Improving these aspects could enhance Del Rio Rotary Housing's standing and trust with donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Del Rio Rotary Housing legitimate?
Del Rio Rotary Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Del Rio Rotary Housing 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: $34,798
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What is the mission statement of Del Rio Rotary Housing?
Del Rio Rotary Housing, as an organization, is committed to providing housing and essential services to the elderly. Operating under the U.S. Department of Housing and Urban Development's Section 202 Program, they manage 41 rental units to cater to this demographic. Their mission is centered around enhancing the living conditions and well-being of the elderly, offering more than just a place to reside. The organization strives to create an environment that supports the needs and promotes the independence of its elderly residents.
Who is the CEO of Del Rio Rotary Housing?
Isidro Valdez is the President of Del Rio Rotary Housing.
What is the revenue of Del Rio Rotary Housing?
Del Rio Rotary Housing's revenue in 2023 was $160,913.
Who are the executives of Del Rio Rotary Housing and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Del Rio Rotary Housing?
Del Rio Rotary Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Del Rio Rotary Housing
Del Rio Rotary Housing, a nonprofit organization, is dedicated to serving the elderly community. Operating under the U.S. Department of Housing and Urban Development's Section 202 Program, Del Rio Rotary Housing provides 41 rental units that offer both housing and essential services. The organization's mission is to cater to the needs of the elderly, providing them with a secure living environment and necessary assistance. This commitment to elderly care is evident in the operation of their rental units, which are designed to support and enhance the quality of life for their elderly residents.
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Impact
October, 2024
Del Rio Rotary Housing plays a crucial role in providing stable and supportive living environments for the elderly in Del Rio, Texas. By operating 41 rental units under the U.S. Department of Housing and Urban Development Section 202 Program, it addresses a significant need for affordable housing tailored specifically for seniors. This initiative not only offers a safe place to live but also ensures that residents have access to necessary services, promoting their overall well-being and quality of life.
The impact of Del Rio Rotary Housing extends beyond mere shelter; it fosters a sense of community, reduces isolation among the elderly, and enhances their social engagement. By focusing on this vulnerable population, the organization contributes to the social fabric of Del Rio, supporting the independence and dignity of its senior residents while alleviating the financial burden associated with housing costs. Overall, Del Rio Rotary Housing is integral to improving the lives of older adults in the area, offering both housing and the vital services that enhance their daily experiences.
This information is meant to be a general summary of Del Rio Rotary Housing. 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: $2,202
- Program Service Revenue: $95,710
- Gross Receipts: $160,913
Assets and Liabilities:
- Total Assets: $1,324,516
- Total Liabilities: $1,861,901
- Net Assets: -$537,385
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent Revenues
Revenue
$95,710
Organization Details
Founding Year
1994
Phone
(830) 768-2295Principal Officer
Isidro Valdez
Main Address
PO Box 4080 / 309 Bedell Avenue, Del Rio, TX, 788414080
NTEE Category
Code: L22 - Housing
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