Overview
What is Anchor Community Inc?
Anchor Community Inc, located at 1900 Grant Street, Denver, Colorado 80203, is a dedicated nonprofit organization. Its primary mission is to offer affordable housing opportunities for the low-income elderly or disabled population. The organization operates 16 such units under a subsidy program by the US Department of Housing and Urban Development. The aim is to provide a secure and affordable living space for those in need, contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star Rating)
Anchor Community Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 78%. This rating is primarily based on their Accountability & Finance performance, which is critical for assessing a charity's operational integrity. The organization demonstrates strong governance with a fully independent board and no reported diversion of assets, contributing positively to their accountability measures.
The nonprofit excels particularly well in its accountability practices, scoring full marks for board independence, conflict of interest policies, and the retention of documents. Additionally, the program expense ratio indicates that a substantial portion of their expenses are directed toward programmatic activities, showcasing a commitment to their mission.
However, there are some areas for improvement, as noted in their liabilities to assets ratio, where they scored lower at 6 out of 15 points. This suggests potential financial challenges that the organization may need to address moving forward. Overall, Anchor Community Inc appears to have a strong foundation in governance and financial accountability, but should focus on improving financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Anchor Community Inc legitimate?
Anchor Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Community 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: $36,247
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What is the mission statement of Anchor Community Inc?
Anchor Community Inc is dedicated to providing affordable housing for the low-income elderly or disabled individuals. Their mission is clearly stated as such, emphasizing the importance of making housing accessible for this specific demographic. The organization operates 16 affordable housing units, under a subsidy program of the US Department of Housing and Urban Development, furthering their commitment to this cause. By providing affordable housing, Anchor Community Inc aims to alleviate some of the housing-related challenges faced by these individuals, thereby improving their overall quality of life.
Who is the CEO of Anchor Community Inc?
David G Murphy is the President of Anchor Community Inc.
What is the revenue of Anchor Community Inc?
Anchor Community Inc's revenue in 2023 was $145,138.
Who are the executives of Anchor Community Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Anchor Community Inc?
Anchor Community Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Anchor Community Inc
Anchor Community Inc, a nonprofit organization, is dedicated to providing affordable housing for the elderly and disabled individuals who are financially disadvantaged. Their mission is centered around ensuring that this vulnerable group has a secure and comfortable living environment. To accomplish this, Anchor Community Inc operates 16 affordable housing units, which are subsidized by the Department of Housing and Urban Development’s subsidy program. This enables the organization to cater specifically to the needs of the chronically mentally ill, providing them with a suitable and supportive living space.
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Impact
October, 2024
Anchor Community Inc significantly enhances the quality of life for low-income elderly and disabled individuals by providing affordable housing options. Their operation of 16 housing units specifically caters to the chronically mentally ill, facilitating a stable living environment under the subsidy program of the U.S. Department of Housing and Urban Development. Located in Denver, Colorado, their mission addresses a critical need in the community, ensuring that vulnerable populations have access to safe and supportive housing. This initiative not only alleviates homelessness but also promotes social inclusion and improves overall well-being, helping residents maintain independence and dignity. The focus on education further amplifies their impact, empowering residents with the knowledge and resources necessary for navigating their circumstances.
This information is meant to be a general summary of Anchor Community 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 2023.
- Investment Income: $1
- Program Service Revenue: $49,607
- Gross Receipts: $145,138
Assets and Liabilities:
- Total Assets: $660,694
- Total Liabilities: $412,874
- Net Assets: $247,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE INCOME
Revenue
$49,607
Organization Details
Founding Year
2001
Phone
(303) 860-7885Principal Officer
David G Murphy
Main Address
1900 GRANT STREET 540, DENVER, CO, 80203
NTEE Category
Code: B99 - Education
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