Overview
What is The Washington Housing Conservancy Inc?
The Washington Housing Conservancy Inc, located at 1310 L Street NW No 325, Washington, DC 20005, is a nonprofit organization committed to preserving affordable workforce housing and ensuring long-term affordability in the Washington area. Their mission involves establishing programs and services to adhere to affordability covenants and building partnerships with service providers. By assessing community needs and creating inclusive and diverse mixed-income communities, The Washington Housing Conservancy aims to serve as stewards for affordable housing in the region.
Official website here: www.washingtonhousingconservancy.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Washington Housing Conservancy Inc has achieved a rating of 81%, demonstrating a solid level of accountability and financial health. The organization excels particularly in governance, with an independent board and various strong policies in place, reflecting a commitment to transparency and ethical management. Their high program expense ratio of 97% indicates that a significant portion of their funding is directed towards their mission, which is a positive sign for potential donors.
However, the organization faces a challenge with its liabilities to assets ratio, which stands at 101.48%. This suggests that the conservancy may have more liabilities than assets, a potential warning sign regarding its financial stability. While this may raise concerns, the rest of their financial practices, including strong oversight and audit processes, mitigate some worry.
Overall, The Washington Housing Conservancy Inc demonstrates commendable practices in governance and program allocation, but stakeholders should remain aware of the financial implications of their liabilities exceeding assets. Potential donors can feel assured of the organization's transparency, but should consider the financial health metrics as part of their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is The Washington Housing Conservancy Inc legitimate?
The Washington Housing Conservancy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Washington Housing Conservancy 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: $615,842
For more financial information, click here
Official website here: www.washingtonhousingconservancy.org/
What is the mission statement of The Washington Housing Conservancy Inc?
The Washington Housing Conservancy is dedicated to preserving affordable workforce housing and ensuring long-term affordability in the community. As stewards, they work tirelessly to maintain compliance with affordability covenants and keep homes within reach for residents. In addition, they evaluate community needs and establish partnerships with service providers. The Washington Housing Conservancy is currently building inclusive and diverse mixed-income communities, offering opportunities for individuals and families to call a stable home their own. Through their programs and services, they prioritize the well-being of their residents and contribute to the overall affordability and vitality of the community.
Official website here: www.washingtonhousingconservancy.org/
Who is the CEO of The Washington Housing Conservancy Inc?
Kimberly Driggins is the Chair of The Washington Housing Conservancy Inc.
Official website here: www.washingtonhousingconservancy.org/
What is the revenue of The Washington Housing Conservancy Inc?
The Washington Housing Conservancy Inc's revenue in 2022 was $23,718,775.
Official website here: www.washingtonhousingconservancy.org/
Who are the executives of The Washington Housing Conservancy Inc and what are their salaries?
There 13 volunteers at The Washington Housing Conservancy Inc.
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Official website here: www.washingtonhousingconservancy.org/
Where can I find the form 990 for The Washington Housing Conservancy Inc?
The Washington Housing Conservancy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.washingtonhousingconservancy.org/
Learn more at the official website: www.washingtonhousingconservancy.org/
Mission Statement of The Washington Housing Conservancy Inc
The Washington Housing Conservancy Inc, a dedicated nonprofit organization, is committed to preserving affordable workforce housing and serving as stewards for long-term affordability in the Washington area. In simple terms, they work tirelessly to ensure that homes remain within reach for residents, adhering to affordability covenants and addressing community needs.
Beyond just preservation, The Washington Housing Conservancy Inc builds partnerships with service providers and creates inclusive and diverse mixed-income communities for individuals and families. By investing in programs and services, they ensure that affordable housing remains a viable option for those in need. The organization's efforts extend beyond the physical structures, as they assess community needs and collaborate with various partners to enhance the overall living experience for residents.
In summary, The Washington Housing Conservancy Inc plays a pivotal role in ensuring the continued availability of affordable housing in the Washington area. Through their commitment to preservation, community engagement, and partnership building, they are not only safeguarding affordable homes but also contributing to the long-term well-being of the individuals and families who call these communities their own.
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Impact
October, 2024
The Washington Housing Conservancy Inc plays a crucial role in preserving affordable workforce housing in the Washington area, ensuring long-term affordability for residents. By establishing programs and services that adhere to affordability covenants, the organization actively works to maintain homes that remain accessible to individuals and families. Additionally, it assesses community needs and collaborates with service providers to address the broader challenges faced by the local population.
Through these efforts, the Conservancy is creating inclusive and diverse mixed-income communities, fostering an environment where people from various backgrounds can thrive. This not only strengthens neighborhoods but also contributes to the overall stability and diversity of the region, making it a more equitable place for all residents.
This information is meant to be a general summary of The Washington Housing Conservancy 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: $19,668
- Program Service Revenue: $22,811,468
- Gross Receipts: $23,718,775
Assets and Liabilities:
- Total Assets: $482,994,680
- Total Liabilities: $490,165,039
- Net Assets: -$7,170,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$22,811,468
Organization Details
Founding Year
2018
Phone
(202) 481-3258Principal Officer
Kimberly Driggins
Main Address
1310 L STREET NW NO 325, WASHINGTON, DC, 20005
NTEE Category
Code: L20 - Housing
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