Overview
What is Diocesan Real Estate Inc?
Diocesan Real Estate Inc, based in Wheeling, West Virginia, serves as a supportive entity for the Roman Catholic Diocese of Wheeling-Charleston and Wheeling Hospital. Their primary objective involves leasing, purchasing, and owning necessary real estate and properties to further the goals of these organizations. By doing so, they contribute to a wide array of services, including Catholic education, healthcare, religious education, and programs and services offered by the diocese, hospital, and their affiliated entities, such as Wheeling Jesuit University. Their mission is multifaceted, encompassing support and promotion of the interests and purposes of the diocese and hospital, ultimately aiming to enhance the Wheeling-Charleston community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Diocesan Real Estate Inc has received a low overall rating of 56% from Charity Navigator, indicating several areas of concern, particularly regarding accountability and finance. The organization has zero independent board members, which raises questions about governance and oversight. Furthermore, essential financial documentation is missing, including their financial statements and tax form on the website, contributing significantly to their low score.
Despite these shortcomings, Diocesan Real Estate Inc demonstrates a strong commitment to its mission with a program expense ratio of 99.97%, suggesting that nearly all of its expenses are directed towards programs rather than administrative costs. They also have a policy in place to address conflicts of interest, which is a positive aspect of their governance.
However, the absence of key policies, such as a whistleblower and document retention policy, coupled with incomplete transparency in financial reporting, limits the organization's credibility. This lack of accountability measures can potentially undermine donor confidence and the overall effectiveness of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Diocesan Real Estate Inc legitimate?
Diocesan Real Estate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Diocesan Real Estate 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: $0
For more financial information, click here
What is the mission statement of Diocesan Real Estate Inc?
Diocesan Real Estate Inc is committed to supporting and advancing the interests and purposes of the Roman Catholic Diocese of Wheeling-Charleston and Wheeling Hospital. Their mission encompasses providing a wide array of services, including Catholic education, healthcare, religious education, and various programs and services for these entities and their affiliated organizations, such as Wheeling Jesuit University. They also lease, purchase, and own necessary real estate and property to facilitate the objectives of Diocesan Real Estate Inc. The organization aims to contribute significantly to the accomplishments of these entities, ultimately benefiting their respective communities.
Who is the CEO of Diocesan Real Estate Inc?
Bishop Mark E Brennan is the Director/ Treasurer of Diocesan Real Estate Inc.
What is the revenue of Diocesan Real Estate Inc?
Diocesan Real Estate Inc's revenue in 2022 was $3,003,325.
Who are the executives of Diocesan Real Estate Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $121,148
- Other: $24,851
- Compensation: $0
- Related: $37,600
- Other: $16,740
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $133,300
- Other: $25,262
- Compensation: $0
- Related: $156,850
- Other: $26,721
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Diocesan Real Estate Inc?
Diocesan Real Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Diocesan Real Estate Inc
Diocesan Real Estate Inc, with a mission to support and contribute to the interests and purposes of the Roman Catholic Diocese of Wheeling-Charleston and Wheeling Hospital, aims to provide a broad range of services. These services encompass various sectors, including Catholic education, healthcare, religious education, and related programs and services. The organization's scope extends to the related and affiliated entities of the Diocese, Hospital, and Wheeling Jesuit University. In addition to these services, Diocesan Real Estate Inc also leases, purchases, and owns necessary real estate and other properties to accomplish its objectives. The organization's primary goal is to support and promote the interests and purposes of the Roman Catholic Diocese of Wheeling-Charleston and Wheeling Hospital through its diverse range of services.
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Impact
July, 2024
Diocesan Real Estate Inc's impact can be seen in its support and contribution to the interests and purposes of the Roman Catholic Diocese of Wheeling-Charleston, Wheeling Hospital, and other affiliated entities such as Wheeling Jesuit University. By leasing, purchasing, and owning real estate and other properties necessary for the accomplishment of its mission, Diocesan Real Estate Inc plays a crucial role in facilitating Catholic education, healthcare, religious education, and various programs and services offered by the Diocese and its affiliates. In doing so, the organization directly enables the fulfillment of its mission to serve and promote the interests of these institutions and the broader community they serve.
This information is meant to be a general summary of Diocesan Real Estate 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.
- Investment Income: $170
- Gross Receipts: $3,003,325
Assets and Liabilities:
- Total Assets: $157,323,357
- Total Liabilities: $101,106
- Net Assets: $157,222,251
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Organization Details
Founding Year
2017
Phone
(304) 233-0880Principal Officer
Bishop Mark E Brennan
Main Address
1311 BYRON ST, WHEELING, WV, 26003
NTEE Category
Code: X22 - Religion related
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