Overview
What is Randolph Lane Housing Corporation?
Randolph Lane Housing Corporation is a community-based nonprofit organization situated in Mount Sterling, Illinois. Its primary mission is to provide housing for individuals with developmental disabilities, aiming to ensure they have a supportive living environment. The corporation serves as a homeowner or tenant association, dedicated to enhancing the living circumstances of this specific demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement (Overall Score: 65%)
Randolph Lane Housing Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and financial management. While the organization excels in areas such as maintaining a majority independent board and demonstrating accountability through conflict of interest policies, it has significant challenges, particularly reflected in its high liabilities to assets ratio, which is notably concerning at 138.58%.
The organization shows strength in its program expense ratio, with 83% of expenses dedicated to its programs, which is a positive indicator of its commitment to its mission. Additionally, it has successfully documented board meeting minutes and has a solid structure in place for governance, achieving full points in several key accountability metrics. However, the financial instability indicated by the liabilities to assets ratio raises questions about its overall sustainability.
While Randolph Lane Housing Corporation has made commendable efforts in governance and program spending, the concerning financial metrics suggest that stakeholders should remain vigilant regarding its long-term viability. Overall, potential donors and supporters may want to consider both the strengths and weaknesses outlined in this assessment before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Randolph Lane Housing Corporation legitimate?
Randolph Lane Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Randolph Lane 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Randolph Lane Housing Corporation?
Randolph Lane Housing Corporation is dedicated to providing housing for individuals with developmental disabilities. Their mission is centered around ensuring that these individuals have a suitable living environment. The organization strives to create an inclusive and supportive housing community, catering to the unique needs of its residents. By focusing on housing, Randolph Lane Housing Corporation aims to contribute positively to the lives of those with developmental disabilities, fostering independence and promoting a sense of belonging. The corporation operates as a homeowner or tenant association, providing a structured living environment for its residents.
Who is the CEO of Randolph Lane Housing Corporation?
Katie Wilson is the V. President of Randolph Lane Housing Corporation.
What is the revenue of Randolph Lane Housing Corporation?
Randolph Lane Housing Corporation's revenue in 2023 was $126,511.
Who are the executives of Randolph Lane Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Randolph Lane Housing Corporation?
Randolph Lane Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Randolph Lane Housing Corporation
Randolph Lane Housing Corporation is a committed organization with a mission to provide housing for individuals who are developmentally disabled. This nonprofit association, based on principles of inclusivity and compassion, strives to create a living environment that caters to the unique needs of its residents. The corporation's mission is centered around the belief that everyone, regardless of their abilities, deserves a safe and suitable home. By focusing on housing, Randolph Lane Housing Corporation aims to contribute positively to the lives of those it serves, providing them with a sense of independence, dignity, and security. The corporation's work is a testament to its commitment to ensuring that individuals with developmental disabilities have the opportunity to live with dignity and respect, just like anyone else.
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Impact
October, 2024
Randolph Lane Housing Corporation plays a vital role in the community by providing housing specifically designed for individuals with developmental disabilities. Located in Mount Sterling, IL, it addresses a crucial need for secure and supportive living environments for this vulnerable population. By facilitating access to appropriate housing, the organization not only enhances the quality of life for its residents but also fosters independence and integration within the community.
The corporation's commitment to creating safe and accommodating living spaces contributes to the broader efforts of promoting inclusivity and dignity for individuals with developmental disabilities. Its impact extends beyond housing, as it helps strengthen community ties and encourages social engagement, ultimately leading to a more accessible and compassionate society.
This information is meant to be a general summary of Randolph Lane 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 2023.
- Investment Income: $187
- Program Service Revenue: $30,598
- Gross Receipts: $126,511
Assets and Liabilities:
- Total Assets: $1,210,201
- Total Liabilities: $1,677,169
- Net Assets: -$466,968
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$30,598
Organization Details
Founding Year
2005
Phone
(217) 773-3325Principal Officer
Katie Wilson
Main Address
700 SE CROSS STREET, MT STERLING, IL, 62353
NTEE Category
Code: L21 - Housing
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