Overview
What is Redi Corporation?
Redi Corporation is a nonprofit organization situated in Denver, Colorado, specifically at 1900 Grant Street, with a postal code of 80203. Their primary mission is to offer affordable housing solutions to individuals who are low-income and chronically mentally ill. The organization is committed to this cause through its activities and mission, ensuring that those in need have access to suitable housing.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% - Three-Star out of Four Star rating.
Redi Corporation has earned a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance management. The organization scored exceptionally well in various aspects, including having a fully independent board, robust financial oversight, and no material diversion of assets. The financial health indicators, such as a low liabilities to assets ratio and a high program expense ratio, showcase its ability to effectively utilize resources for its intended programs.
The organization's strengths are highlighted by its comprehensive policies, including a conflict of interest policy and a whistleblower policy, both of which are in place to ensure transparency and ethical governance. Additionally, Redi Corporation actively documents board meeting minutes, demonstrating a commitment to accountability in its operations.
However, while the overall score is commendable, the rating is exclusively based on the Accountability & Finance beacon, indicating that there may be limited information available on other performance areas such as impact and effectiveness. This could be a consideration for donors looking for a more comprehensive evaluation of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Redi Corporation legitimate?
Redi Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redi Corporation 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: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,999
For more financial information, click here
What is the mission statement of Redi Corporation?
Redi Corporation's mission is centered around providing affordable housing for individuals who are chronically mentally ill and fall into the low-income category. This organization is committed to serving this specific community, ensuring they have access to decent living spaces without the burden of excessive cost. By providing such housing, Redi Corporation aims to contribute to their overall well-being and improve their quality of life. The organization's activities are primarily focused on this mission, ensuring that those in need have a safe and affordable place to call home.
Who is the CEO of Redi Corporation?
David Murphy is the President of Redi Corporation.
What is the revenue of Redi Corporation?
Redi Corporation's revenue in 2023 was $2,334,546.
Who are the executives of Redi Corporation and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $50,000
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Where can I find the form 990 for Redi Corporation?
Redi Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Redi Corporation
Redi Corporation, a notable organization, is dedicated to providing affordable housing for individuals who are chronically mentally ill and fall into the low-income bracket. Their mission is to create an environment that caters specifically to this population's unique needs, offering them a safe and affordable living space. By focusing on this demographic, Redi Corporation aims to make a significant impact in their lives, ensuring they have access to stable housing, which is a fundamental right and a crucial factor in overall well-being.
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Impact
July, 2024
Redi Corporation's impact lies in providing affordable housing for the low-income, chronically mentally ill individuals in Denver, Colorado. Through their mission of offering housing options for this vulnerable population, Redi Corporation plays a crucial role in addressing homelessness and improving the quality of life for those in need. Their efforts contribute to creating a more inclusive and supportive community for individuals facing mental health challenges and financial hardships.
This information is meant to be a general summary of Redi Corporation. 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 2023.
- Investment Income: $85,101
- Program Service Revenue: $47,806
- Gross Receipts: $2,334,546
Assets and Liabilities:
- Total Assets: $6,766,334
- Total Liabilities: $3,111,580
- Net Assets: $3,654,754
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$47,806
Organization Details
Founding Year
1974
Phone
(303) 860-7885Principal Officer
David Murphy
Main Address
1900 GRANT STREET 540, DENVER, CO, 80203
NTEE Category
Code: P70 - Human services
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