Overview
What is Decatur Street Residences Inc?
Decatur Street Residences Inc, located in Edgewater, Colorado, is a nonprofit organization dedicated to providing affordable housing for senior citizens within the community. Their primary mission revolves around offering comfortable living spaces specifically designed for seniors, ensuring they can maintain a high quality of life.
Official website here: www.brothersredevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star Rating)
Decatur Street Residences Inc has received a score of 68%, indicating a Two-Star rating primarily based on its Accountability & Finance performance. The rating reflects the organization's commitment to maintaining an independent board and demonstrates transparency in certain areas, such as having a conflict of interest policy and properly documenting board meeting minutes.
Despite these strengths, the organization faces notable limitations highlighted in its rating. Specifically, it lacks essential policies such as a whistleblower policy and a document retention and destruction policy, which have resulted in a significant deduction of points. Additionally, the nonprofit's tax form is not posted on its website, contributing to a lower overall score in the accountability category.
The organization shows a solid program expense ratio of 77.20%, indicating that a substantial portion of its expenses is directed towards its programs. However, a concerning liabilities to assets ratio of 72.39% suggests potential financial risk, as this indicates that liabilities are high compared to assets. Overall, while Decatur Street Residences Inc displays some commendable practices, there are critical areas for improvement in governance and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Decatur Street Residences Inc legitimate?
Decatur Street Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Decatur Street Residences 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:
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Other Salaries and Wages: $13,102
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Official website here: www.brothersredevelopment.org
What is the mission statement of Decatur Street Residences Inc?
Decatur Street Residences Inc is dedicated to providing affordable senior housing options for the wider community. This mission is carried out through their activities and operations, aiming to make senior living more accessible for a diverse group of individuals. By offering affordable senior housing, the organization contributes to the well-being and independence of senior citizens, ensuring they can maintain a comfortable lifestyle within their means.
Official website here: www.brothersredevelopment.org
Who is the CEO of Decatur Street Residences Inc?
Jeff Martinez is the Chairman of Decatur Street Residences Inc.
Official website here: www.brothersredevelopment.org
What is the revenue of Decatur Street Residences Inc?
Decatur Street Residences Inc's revenue in 2022 was $157,872.
Official website here: www.brothersredevelopment.org
Who are the executives of Decatur Street Residences Inc and what are their salaries?
Here are 13 key members and their salaries:
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- Related: $172,000
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Official website here: www.brothersredevelopment.org
Where can I find the form 990 for Decatur Street Residences Inc?
Decatur Street Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brothersredevelopment.org
Learn more at the official website: www.brothersredevelopment.org
Mission Statement of Decatur Street Residences Inc
Decatur Street Residences Inc is dedicated to providing affordable senior housing for the community at large. This mission is at the heart of their operations, aiming to cater to the needs of the elderly population in a manner that is economically accessible. By offering affordable senior housing, Decatur Street Residences Inc seeks to ensure that seniors can maintain their independence and quality of life, without being burdened by exorbitant housing costs. This mission is a testament to their commitment to supporting the elderly and contributing to a diverse and inclusive community.
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Impact
October, 2024
Decatur Street Residences Inc significantly impacts the community by providing affordable senior housing that meets the needs of older adults. By focusing on this demographic, the organization enhances the quality of life for seniors in Edgewater, CO, ensuring they have access to safe and suitable living arrangements. This commitment not only supports individual well-being but also fosters a sense of community among residents, contributing to social cohesion. The availability of affordable housing helps alleviate financial pressures on seniors, allowing them to maintain their independence while being part of a supportive environment. Overall, Decatur Street Residences Inc plays a crucial role in addressing housing challenges faced by seniors in the area, promoting dignity and respect in their later years.
This information is meant to be a general summary of Decatur Street Residences 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: $1
- Program Service Revenue: $49,834
- Gross Receipts: $157,872
Assets and Liabilities:
- Total Assets: $828,899
- Total Liabilities: $571,030
- Net Assets: $257,869
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$49,834
Organization Details
Founding Year
2003
Phone
(303) 202-6340Principal Officer
Jeff Martinez
Main Address
2250 EATON ST GARDEN LEVEL, EDGEWATER, CO, 80214
NTEE Category
Code: L990 - Housing
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