Overview
What is Melrose Place Housing Group?
Melrose Place Housing Group is a nonprofit organization situated in Walla Walla, Washington. Their primary mission is to offer affordable housing options for individuals with low income and disabilities, ensuring their housing needs are met. The organization manages an eight-unit apartment complex, serving as their residence. This housing initiative aims to enhance the living standards of this specific demographic, contributing positively to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Melrose Place Housing Group has received an 80% rating, earning it a Three-Star designation on Charity Navigator. This score is based entirely on its Accountability & Finance metrics, reflecting a solid commitment to financial integrity and transparency in operations. The organization demonstrates strong governance practices with a fully independent board and adheres to strict policies regarding conflict of interest.
The group's financial management is commendable, showcasing a material diversion of assets score of zero and a low liabilities to assets ratio of 5.61%. They have effectively maximized program expenses, achieving a program expense ratio of 100%. This indicates that all funds are being directed towards their mission rather than administrative overhead or other costs.
However, while the organization performs well in the areas measured, it is important to consider that the rating reflects only one aspect of the charity's overall impact. There is no assessment of the effectiveness or outcomes of their programs, which could provide a more comprehensive view of their performance and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Melrose Place Housing Group legitimate?
Melrose Place Housing Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Melrose Place Housing Group 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: $9,402
For more financial information, click here
What is the mission statement of Melrose Place Housing Group?
The Melrose Place Housing Group is committed to providing affordable housing for individuals who fall under the category of very low income and are disabled. Their mission is to operate and manage housing facilities that cater specifically to this demographic, ensuring they have access to suitable living spaces. Currently, the organization manages an 8-unit apartment complex that serves as housing for these individuals. Their primary goal is to make housing more accessible and affordable for this vulnerable group, thereby improving their quality of life.
Who is the CEO of Melrose Place Housing Group?
Danielle Garbe Reser is the Board Chair of Melrose Place Housing Group.
What is the revenue of Melrose Place Housing Group?
Melrose Place Housing Group's revenue in 2023 was $65,354.
Who are the executives of Melrose Place Housing Group and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Melrose Place Housing Group?
Melrose Place Housing Group's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Melrose Place Housing Group
Melrose Place Housing Group is dedicated to providing affordable housing for individuals who fall into the category of very low income and are also disabled. This nonprofit organization takes pride in its mission to offer a comfortable living space for this specific group of people, ensuring they have a place to call home. The organization owns and manages an eight-unit apartment complex, which serves as a sanctuary for these individuals. By providing affordable housing, Melrose Place Housing Group aims to contribute positively to the lives of its residents, enabling them to focus on their well-being and personal growth.
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Impact
August, 2024
Melrose Place Housing Group's impact lies in its provision of affordable housing to low-income disabled persons in Walla Walla, Washington. This organization owns and operates an 8-unit apartment complex that offers very low-income housing for this specific demographic. By fulfilling its mission to provide affordable housing to those in need, Melrose Place Housing Group directly improves the quality of life for low-income disabled individuals in the community.
This information is meant to be a general summary of Melrose Place Housing Group. 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: $40
- Program Service Revenue: $17,900
- Gross Receipts: $65,354
Assets and Liabilities:
- Total Assets: $515,233
- Total Liabilities: $19,554
- Net Assets: $495,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$17,900
Organization Details
Founding Year
2004
Phone
(509) 529-4980Principal Officer
Danielle Garbe Reser
Main Address
8 E CHERRY, WALLA WALLA, WA, 99362
NTEE Category
Code: L21 - Housing
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