Overview
What is The Ridge Housing Nonprofit Housing Corporation?
The Ridge Housing Nonprofit Housing Corporation, situated in Ravenna, Michigan, is a committed organization devoted to addressing housing affordability issues. With a focus on assisting families with low and very low incomes, it works diligently to preserve and expand the availability of affordable housing. The organization achieves this by acquiring and managing multi-family real estate properties, thereby providing a much-needed shelter for those in need. The corporation's primary mission is to alleviate poverty, offering relief to individuals and families struggling financially.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
The Ridge Housing Nonprofit Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its operations and transparency. While the organization scored well in areas such as having a fully independent board and a strong program expense ratio, it fell short in accountability and financial reporting, which affected its overall score.
Strengths of the organization include a commitment to maintaining a board comprised entirely of independent members and a high percentage of program expenses directed toward its mission. However, the lack of publicly available financial statements and essential policies, such as conflict of interest and whistleblower policies, raises concerns about transparency and governance practices.
Overall, while The Ridge Housing Nonprofit Housing Corporation demonstrates a strong focus on its programmatic mission, significant gaps in financial documentation and accountability measures are noted. Addressing these limitations could enhance the organization’s credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is The Ridge Housing Nonprofit Housing Corporation legitimate?
The Ridge Housing Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ridge Housing Nonprofit 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Ridge Housing Nonprofit Housing Corporation?
The Ridge Housing Nonprofit Housing Corporation is committed to alleviating poverty by preserving and expanding affordable housing options. They achieve this by acquiring and managing multi-family real estate properties, catering to tenants with low and very low incomes. The organization's mission is to provide a much-needed relief, ensuring these families have a decent place to call home. By preserving and extending affordable housing, they contribute significantly to improving the living conditions of those in need.
Who is the CEO of The Ridge Housing Nonprofit Housing Corporation?
Ronda Abbott is the President of The Ridge Housing Nonprofit Housing Corporation.
What is the revenue of The Ridge Housing Nonprofit Housing Corporation?
The Ridge Housing Nonprofit Housing Corporation's revenue in 2022 was $991,843.
Who are the executives of The Ridge Housing Nonprofit Housing Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Ridge Housing Nonprofit Housing Corporation?
The Ridge Housing Nonprofit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ridge Housing Nonprofit Housing Corporation
The Ridge Housing Nonprofit Housing Corporation is dedicated to alleviating poverty by preserving and expanding the availability of affordable housing. This mission is accomplished through the acquisition and operation of multi-family real estate, specifically catering to households with low and very low incomes. By providing such housing, The Ridge Housing Corporation plays a vital role in ensuring that these families are able to maintain a stable living environment, contributing to their overall well-being and quality of life. The organization's mission is a testament to its commitment to making a tangible difference in the lives of those most in need, thereby promoting a more equitable society.
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Impact
July, 2024
The Ridge Housing Corporation's impact is significant in providing affordable housing to families with low and very low incomes in Ravenna, MI. Through their mission to preserve and extend affordable housing options for those in need, they play a crucial role in addressing housing insecurity and helping vulnerable populations access safe and stable living conditions. Their work helps alleviate financial burdens and improves the quality of life for individuals and families struggling to afford housing in the community.
This information is meant to be a general summary of The Ridge Housing Nonprofit 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 2022.
- Investment Income: $626,902
- Program Service Revenue: $138,227
- Gross Receipts: $2,338,478
Assets and Liabilities:
- Total Assets: $726,425
- Total Liabilities: $0
- Net Assets: $726,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$138,227
Organization Details
Founding Year
2013
Phone
(877) 829-5500Principal Officer
Ronda Abbott
Main Address
13367 LAKETON AVENUE, RAVENNA, MI, 49451
NTEE Category
Code: L20 - Housing
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