Overview
What is Safe Housing And Economic Development Inc?
Safe Housing and Economic Development Inc is a nonprofit organization situated in Welch, West Virginia, with a focus on providing affordable housing solutions to low to moderate income individuals and their families. They achieve this objective by developing, financing, and managing rental properties, as well as engaging in the development, financing, and sale of residential properties in McDowell and other Southern West Virginia counties. This organization's mission extends beyond housing, as it also aims to contribute to the economic development of rural areas in Southern West Virginia, thereby improving the overall living conditions of its residents. With a dedicated workforce of eight individuals, Safe Housing and Economic Development Inc is committed to making a positive impact in its community.
Official website here: www.shedhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 61%, Two-Star out of Four Star Rating
Safe Housing and Economic Development Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas needing improvement. The organization has a strong accountability framework in terms of board independence, with all members being independent, and it has shown effective financial management with a high program expense ratio of 77.76%. This suggests that a substantial portion of its funding is directed toward its programs rather than administrative costs.
However, the organization faces several challenges that contributed to its lower score. Notably, it lacks key policies such as a conflict of interest policy, a whistleblower policy, and document retention protocols, all of which are crucial for maintaining transparency and accountability. Additionally, its liabilities to assets ratio is concerning at 70.58%, indicating potential financial vulnerabilities that could affect its sustainability.
Overall, while Safe Housing and Economic Development Inc is recognized for its programmatic focus and strong governance structure, the absence of essential policies and financial management concerns point to the need for improvement. Addressing these issues could enhance its rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Safe Housing And Economic Development Inc legitimate?
Safe Housing And Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Safe Housing And Economic Development 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: $34,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $169,224
For more financial information, click here
Official website here: www.shedhousing.org
What is the mission statement of Safe Housing And Economic Development Inc?
Safe Housing and Economic Development Inc's mission is centered around providing affordable housing to individuals and families who otherwise cannot afford it, and contributing to the economic development of rural areas. The organization accomplishes this by developing, financing, and managing rental properties, as well as by participating in the development, financing, and sale of residential properties in various southern West Virginia counties, specifically McDowell County.
Official website here: www.shedhousing.org
Who is the CEO of Safe Housing And Economic Development Inc?
Kathy Gentry is the Executive Director of Safe Housing And Economic Development Inc.
Official website here: www.shedhousing.org
What is the revenue of Safe Housing And Economic Development Inc?
Safe Housing And Economic Development Inc's revenue in 2022 was $524,018.
Official website here: www.shedhousing.org
Who are the executives of Safe Housing And Economic Development Inc and what are their salaries?
The average compensation at Safe Housing And Economic Development Inc during 2022 was $25,511. There are 8 employees at Safe Housing And Economic Development Inc.
Here are 7 key members and their salaries:
- Compensation: $34,865
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.shedhousing.org
Where can I find the form 990 for Safe Housing And Economic Development Inc?
Safe Housing And Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shedhousing.org
Learn more at the official website: www.shedhousing.org
Mission Statement of Safe Housing And Economic Development Inc
Safe Housing and Economic Development Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for individuals and families with moderate to low income, who would otherwise struggle to secure housing. Beyond this, the organization also aims to contribute to the economic development of rural areas in Southern West Virginia. To achieve these goals, Safe Housing and Economic Development Inc engages in the development, financing, and management of rental properties, as well as in the development and sale of residential properties in McDowell and other counties within the region. By providing affordable housing options, the organization aims to improve the living conditions of its community members and contribute to the overall well-being and economic growth of the rural areas it serves.
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Impact
July, 2024
Safe Housing And Economic Development Inc's impact can be seen in the transformation of rural areas in Southern West Virginia, particularly in providing affordable housing to low to moderate-income individuals and their families. By developing, financing, and managing rental properties, as well as developing and selling residential properties in McDowell and other counties in the region, the organization has directly addressed the pressing issue of housing affordability in these areas. Additionally, by focusing on economic development alongside housing initiatives, Safe Housing And Economic Development Inc is contributing to the overall improvement of the quality of life in these communities. Their dedication to addressing the housing needs of vulnerable populations and supporting local economic growth demonstrates their commitment to creating lasting positive changes in Southern West Virginia.
This information is meant to be a general summary of Safe Housing And Economic Development 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.
- Program Service Revenue: $524,018
- Gross Receipts: $524,018
Assets and Liabilities:
- Total Assets: $2,331,701
- Total Liabilities: $1,422,633
- Net Assets: $909,068
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Organization Details
Founding Year
1997
Phone
(304) 436-6367Principal Officer
Kathy Gentry
Main Address
69 Wyoming Street, Welch, WV, 24801
Website
www.shedhousing.orgNTEE Category
Code: L20 - Housing
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