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Nu-Dimensions Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 813799018 ✦ Hickory, NC ✦ Designated as a 501(c)(3)

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Overview

What is Nu-Dimensions Inc?

Nu-Dimensions Inc is a nonprofit organization situated in Hickory, North Carolina. Their primary focus is providing affordable housing, operating 311 apartment units as a single entity under the Section 8, Project Based program. This program is managed by the U.S. Department of Housing and Urban Development's Multifamily division. The nonprofit's mission is to uphold this initiative through its nonprofit corporation, aiming to make housing more accessible for the community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 69% (Two-Star out of Four Star rating)

Nu-Dimensions Inc has received a Two-Star rating from Charity Navigator, reflecting a 69% score in overall accountability and finance. The organization demonstrates strong governance with an entirely independent board and effective audit oversight, which are positive indicators of its commitment to transparency and accountability.

Strengths include a high program expense ratio of 82.13%, suggesting that a significant portion of its expenses directly supports its programs. Additionally, it has scored well in areas such as material diversion of assets and board meeting documentation, which indicates prudent financial management and organizational integrity.

However, the organization has notable limitations, particularly in its lack of essential policies such as conflict of interest and whistleblower policies, along with missing tax form disclosures on its website. These gaps could potentially impact its overall accountability and may raise concerns among potential donors regarding governance practices.


This AI summary has been generated from information found on Charity Navigator.

Is Nu-Dimensions Inc legitimate?

Nu-Dimensions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nu-Dimensions 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: $452,403

For more financial information, click here

What is the mission statement of Nu-Dimensions Inc?

Nu-Dimensions Inc, as a non-profit corporation, is dedicated to providing affordable housing. Operating in various locations, one of which is Hickory, North Carolina, their apartment complexes consist of 311 units. These properties are managed under the Section 8, Project Based Rental Assistance (PBRA) program, supervised by HUD Multifamily. The organization's primary mission is to serve this purpose, providing affordable living spaces to its residents, guided by its non-profit status.

Who is the CEO of Nu-Dimensions Inc?

Alanda Richardson is the Member of Nu-Dimensions Inc. The CEO's salary of Nu-Dimensions Inc is $0 and their total compensation is $164,159.

What is the revenue of Nu-Dimensions Inc?

Nu-Dimensions Inc's revenue in 2022 was $3,558,355.

Who are the executives of Nu-Dimensions Inc and what are their salaries?


Here are 7 key members and their salaries (Nu-Dimensions Inc's CEO's salary is $0 and their total compensation is $164,159):


Al Henry (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Collinson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Forrest Toms (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Wimberly (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sidney Miles (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Nguyen (Cfo)
  • Compensation: $52,555
  • Related: $74,941
  • Other: $14,751
Alanda Richardson (Ceo)
  • Compensation: $0
  • Related: $147,135
  • Other: $17,024
Where can I find the form 990 for Nu-Dimensions Inc?

Nu-Dimensions Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Nu-Dimensions Inc

Nu-Dimensions, a non-profit corporation, is dedicated to providing affordable housing. Through its operations, the organization manages apartment complexes, with a total of 311 units. These complexes are operated under the Section 8, Project Based Rental Assistance (PBRA) program, overseen by HUD Multifamily. Nu-Dimensions' mission is to make a significant impact in the realm of housing, utilizing its non-profit status to promote affordability and accessibility to suitable living spaces. The organization's board of directors is responsible for managing the project's affairs, ensuring that Nu-Dimensions continues to serve its intended purpose of offering affordable housing solutions.

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Impact




July, 2024

Nu-Dimensions Inc's impact lies in providing affordable housing through its operation of apartment complexes in Hickory, North Carolina. With a total of 311 units, Nu-Dimensions serves as a vital resource for individuals and families in need of housing assistance. Their focus on affordability and accessibility contributes to the well-being and stability of the community they serve. By participating in the Section 8, Project Based Rental Assistance program, Nu-Dimensions plays a crucial role in addressing housing challenges and improving the quality of life for residents in the area.




This information is meant to be a general summary of Nu-Dimensions 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.

Revenue
$3,558,355 (2022)
Expenses
$3,571,521 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $40
  • Gross Receipts: $3,558,355

Assets and Liabilities:

  • Total Assets: $12,678,163
  • Total Liabilities: $8,142,438
  • Net Assets: $4,535,725

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Organization Details

Founding Year

2016

Principal Officer

Alanda Richardson

Main Address

841 S CENTER STREET, HICKORY, NC, 28602

NTEE Category

Code: L20 - Housing

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