Overview
What is Housing Lopez?
Housing Lopez is a nonprofit organization based on Lopez Island, Washington, aiming to tackle the rental housing shortage on the island. They have successfully developed the FishBay Project, a self-sustaining community of six affordable rental cottages, providing housing options for both low and moderate-income residents. The project includes storage sheds and is planned for further landscaping and additional storage facilities. The organization's mission is deeply rooted in creating sustainable, dedicated, and affordable rental housing communities, contributing significantly to the local Lopez Island community.
Official website here: www.housinglopez.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while Housing Lopez has some strengths in governance, it does not fully meet the standards of financial transparency and accountability that are expected of top-rated nonprofits. The organization has a solid program expense ratio of 86.61%, suggesting a significant portion of its funds is directed towards its mission-driven activities.
Strengths include 100% independent board members and a lack of material diversion of assets, which reflect well on its governance. The organization has also implemented conflict of interest policies and maintains proper documentation of board meeting minutes. However, the absence of a whistleblower policy and missing financial statements raise concerns regarding transparency and accountability in its operations.
Despite the positive aspects, the lack of publicly available financial statements and the absence of a whistleblower and document retention policy are significant limitations. These factors contribute to the lower rating, as they suggest potential areas for improvement in organizational practices and overall transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Lopez legitimate?
Housing Lopez is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Lopez 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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For more financial information, click here
Official website here: www.housinglopez.org/
What is the mission statement of Housing Lopez?
Housing Lopez is a non-profit organization committed to addressing the rental housing crisis by creating dedicated, affordable, and sustainable communities. Their primary goal is to develop such housing communities, promoting affordability for different income groups. As part of their efforts, they completed the FishBay Project, which consists of six energy-efficient rental units, each with two bedrooms and a bathroom. Three of these units are designated for low-income families, while the remaining three cater to moderate-income families. The project is self-sustaining and permanently dedicated to providing affordable housing. Future plans include additional landscaping work and constructing an additional storage shed for the organization.
Official website here: www.housinglopez.org/
Who is the CEO of Housing Lopez?
Doug Bowen is the Treasurer of Housing Lopez.
Official website here: www.housinglopez.org/
What is the revenue of Housing Lopez?
Housing Lopez's revenue in 2022 was $1,541,677.
Official website here: www.housinglopez.org/
Who are the executives of Housing Lopez and what are their salaries?
There 8 volunteers at Housing Lopez.
Here are 9 key members and their salaries:
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Official website here: www.housinglopez.org/
Where can I find the form 990 for Housing Lopez?
Housing Lopez's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housinglopez.org/
Learn more at the official website: www.housinglopez.org/
Mission Statement of Housing Lopez
Housing Lopez is a dedicated non-profit organization, committed to addressing the rental housing crisis. Their mission is to develop sustainable, affordable rental housing communities, thereby alleviating the housing predicament on Lopez Island. Through endeavors such as the FishBay Project, they have constructed six modular rental units, each consisting of two bedrooms and a bathroom, spanning 843 square feet. Three of these units are designated for low-income households, while the remaining three cater to moderate-income residents, as defined by San Juan County. The FishBay Project is self-sustaining and permanently dedicated to providing affordable rental housing. In 2022, storage sheds for the units were completed, and further landscaping is planned for 2023, with an additional storage shed for the organization also on the agenda. In essence, Housing Lopez is a relentless force working to provide viable, affordable housing solutions for its community.
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Impact
July, 2024
Housing Lopez's impact is significant in addressing the rental housing crisis on Lopez Island by developing affordable and sustainable rental housing communities. The organization's FishBay Project, consisting of six modular rental units, provides much-needed housing options on the island. With a mix of low-income and moderate-income units, Housing Lopez is effectively catering to the diverse needs of the community. By creating self-sustaining and dedicated affordable housing, Housing Lopez is making a lasting impact on housing accessibility on Lopez Island.
This information is meant to be a general summary of Housing Lopez. 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: $9,400
- Gross Receipts: $1,541,677
Assets and Liabilities:
- Total Assets: $3,618,127
- Total Liabilities: $594,426
- Net Assets: $3,023,701
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Organization Details
Founding Year
2018
Principal Officer
Doug Bowen
Main Address
PO Box 493, Lopez Island, WA, 98261
Website
www.housinglopez.org/NTEE Category
Code: L21 - Housing
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