Overview
What is Northeast Denver Housing Center?
The Northeast Denver Housing Center is a nonprofit organization based at 2416 E Colfax Avenue, Denver, Colorado 80206. With a workforce of 20 employees, they are dedicated to promoting affordable housing and economic development projects. Their innovative approach includes designing and developing affordable rental and ownership units, as well as providing supportive services to enhance the life skills and economic opportunities of their clients. Northeast Denver Housing Center's mission goes beyond housing; they offer comprehensive counseling and home ownership incubation to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
The Northeast Denver Housing Center has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 90% for its Accountability & Finance, reflecting strong governance practices and operational transparency. The rating is based entirely on this beacon score, which suggests that the nonprofit is effectively managing its resources.
One of the organization's notable strengths is its independent board, which consists entirely of independent members, fulfilling the criteria for board independence with 111% of available points. This indicates a commitment to impartial governance, enhancing the nonprofit's credibility. Additionally, the Northeast Denver Housing Center has a strong program expense ratio of 98.91%, suggesting that nearly all its expenses are directed towards its mission-driven programs.
Overall, the Northeast Denver Housing Center appears to be a well-managed nonprofit with sound financial practices and strong oversight mechanisms in place. However, while the data indicates robust accountability, further insight into its programmatic impact and community outcomes would provide a more comprehensive view of its effectiveness in addressing housing needs in the region.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Denver Housing Center legitimate?
Northeast Denver Housing Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Denver Housing Center 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: $126,516
Professional Fundraising Fees: $0
Other Salaries and Wages: $919,853
For more financial information, click here
What is the mission statement of Northeast Denver Housing Center?
The Northeast Denver Housing Center is dedicated to promoting affordable housing and economic development initiatives, as well as providing comprehensive counseling and home ownership incubation. Through innovative programs, this organization utilizes housing as a platform to serve the needs of low to moderate income households. By designing and developing affordable rental and ownership units, the center aims to improve the life skills and economic opportunities of its clients. Supportive services are offered to enhance the living experience and foster self-sufficiency.
Who is the CEO of Northeast Denver Housing Center?
Dominique Acevedo is the Executive Director of Northeast Denver Housing Center.
What is the revenue of Northeast Denver Housing Center?
Northeast Denver Housing Center's revenue in 2022 was $26,283,688.
Who are the executives of Northeast Denver Housing Center and what are their salaries?
The average compensation at Northeast Denver Housing Center during 2022 was $52,318. There are 20 employees at Northeast Denver Housing Center.
Here are 10 key members and their salaries:
- Compensation: $126,516
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Where can I find the form 990 for Northeast Denver Housing Center?
Northeast Denver Housing Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Denver Housing Center
Northeast Denver Housing Center, Inc. is a mission-driven organization dedicated to promoting affordable housing and economic development projects. Through its innovative approach, the Center uses housing as a platform to serve the needs of low to moderate income households. By designing and developing affordable rental and ownership units, the organization goes beyond providing shelter, aiming to improve the life skills and economic opportunities of its clients. The Center's comprehensive counseling and home ownership incubation programs are integral to its efforts in empowering individuals and families to enhance their living situations.
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Impact
October, 2024
Northeast Denver Housing Center significantly impacts the community by promoting affordable housing and driving economic development initiatives. It addresses the needs of low to moderate-income households through innovative programs that create affordable rental and ownership units. By utilizing housing as a platform, the center provides comprehensive services that enhance life skills and expand economic opportunities for its clients.
Through its efforts, the organization not only increases access to housing but also fosters personal growth and stability, empowering individuals and families to improve their overall quality of life. By combining housing development with supportive services, Northeast Denver Housing Center plays a crucial role in transforming communities and enhancing the well-being of residents in Denver.
This information is meant to be a general summary of Northeast Denver Housing Center. 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: $492,440
- Program Service Revenue: $18,801,585
- Gross Receipts: $26,283,688
Assets and Liabilities:
- Total Assets: $48,949,156
- Total Liabilities: $23,555,776
- Net Assets: $25,393,380
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCEEDS ON SALE OF DEVEL
Revenue
$14,414,892
PROGRAM SERVICES
Revenue
$1,050,554
Rental Income
Revenue
$3,336,139
Organization Details
Phone
(303) 399-9337Principal Officer
Dominique Acevedo
Main Address
2416 E COLFAX AVENUE, Denver, CO, 80206
NTEE Category
Code: L200 - Housing
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