Overview
What is Clare Of Assisi Homes-Westminster Inc?
Clare Of Assisi Homes-Westminster Inc is a nonprofit organization located in Denver, Colorado. The primary focus of this organization is to offer housing and related services to individuals who are elderly or disabled and have low incomes. To achieve this mission, they receive financial assistance and loans from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. Their efforts are dedicated to improving the living conditions of 59 such individuals through a community in Westminster, Colorado. The nonprofit's work contributes to addressing the housing needs of vulnerable populations in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Clare Of Assisi Homes-Westminster Inc has received a solid Three-Star rating, reflecting a respectable overall score of 79%. This score is derived entirely from its Accountability & Finance metrics, indicating a strong focus on maintaining financial health and transparency. The charity scored particularly well with a program expense ratio of 97.20%, denoting that the vast majority of its resources are directed towards its mission-related activities.
The organization also demonstrates robust governance practices, as evidenced by perfect scores in areas such as financial statements oversight, conflict of interest policy, and whistleblower policy. Additionally, Clare Of Assisi Homes exhibits effective management of liabilities, with a low ratio of 4.17%, which suggests a strong balance sheet and minimal financial risk.
While the overall ratings are favorable, the organization's scoring is solely based on financial accountability, which may not capture the full extent of its programmatic effectiveness. Prospective donors and stakeholders should consider this when evaluating the charity's overall impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Clare Of Assisi Homes-Westminster Inc legitimate?
Clare Of Assisi Homes-Westminster Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clare Of Assisi Homes-Westminster 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: $101,964
For more financial information, click here
What is the mission statement of Clare Of Assisi Homes-Westminster Inc?
Clare Of Assisi Homes-Westminster Inc was established with the primary objective of providing housing and related services for individuals who fall under the category of very low-income elderly or disabled persons. The organization receives assistance and loans from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act, to facilitate this mission. The corporation's purpose is to contribute to the well-being of these individuals by offering them a secure living environment and necessary support services.
Who is the CEO of Clare Of Assisi Homes-Westminster Inc?
Melissa Clayton is the President/Director of Clare Of Assisi Homes-Westminster Inc.
What is the revenue of Clare Of Assisi Homes-Westminster Inc?
Clare Of Assisi Homes-Westminster Inc's revenue in 2022 was $520,351.
Who are the executives of Clare Of Assisi Homes-Westminster Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
Where can I find the form 990 for Clare Of Assisi Homes-Westminster Inc?
Clare Of Assisi Homes-Westminster Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clare Of Assisi Homes-Westminster Inc
Clare Of Assisi Homes-Westminster Inc was established with a mission to serve the needs of elderly or disabled individuals with low income. The organization received support from the U.S. Department of Housing and Urban Development, securing housing assistance and loans under Section 202 of the National Housing Act. This nonprofit's purpose is to operate a 59-unit community, providing housing and related services to this specific demographic. By doing so, Clare Of Assisi Homes-Westminster Inc strives to make a meaningful impact in the lives of those in need, offering them a safe and supportive living environment.
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Impact
July, 2024
Clare Of Assisi Homes-Westminster Inc's impact is significant as it provides housing and related services for very low-income elderly or disabled persons in Westminster, Colorado. By operating a 59-unit community and receiving housing assistance and loans from the U.S. Department of Housing and Urban Development, the organization plays a crucial role in addressing the housing needs of vulnerable populations in the community. Clare Of Assisi Homes-Westminster Inc's dedication to serving those in need contributes to the overall well-being and quality of life of its residents, ensuring they have a safe and supportive environment to call home.
This information is meant to be a general summary of Clare Of Assisi Homes-Westminster 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: $106
- Program Service Revenue: $312,504
- Gross Receipts: $520,351
Assets and Liabilities:
- Total Assets: $2,282,707
- Total Liabilities: $95,329
- Net Assets: $2,187,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$293,522
OTHER REVENUE
Revenue
$15,420
ANCILLARY SERVICES
Revenue
$3,562
Organization Details
Founding Year
1995
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L22 - Housing
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