Overview
What is Walter Riley Davis Senior Complex Corporation?
Walter Riley Davis Senior Complex Corporation is a nonprofit organization situated in Milwaukee, Wisconsin. Their primary mission is to offer safe and affordable housing opportunities for elderly individuals, as indicated by their construction and operation of an 8-unit rental housing project specifically designed for this demographic. This endeavor aligns with their commitment to ensuring the welfare and comfort of senior citizens in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Walter Riley Davis Senior Complex Corporation has received a one-star rating from Charity Navigator, indicating significant challenges in its accountability and finance practices. While the organization scores well in areas such as having an independent board and a high program expense ratio, it struggles notably with its liabilities to assets ratio, which stands at an extremely high 229.96%. This suggests potential financial instability.
The organization demonstrates strengths in governance, with all board members being independent and actively documenting meeting minutes. However, several key policies are missing, including a conflict of interest policy and a whistleblower policy, which are crucial for ensuring transparency and ethical management. The lack of these policies may raise concerns among potential donors regarding the organization's operational integrity.
Additionally, the absence of a website link on its tax form and the failure to post its tax form on the nonprofit's website points to deficiencies in communication and public accessibility. These shortcomings contribute to its overall low rating, suggesting that while the organization may be serving its intended population, significant improvements in financial management and transparency policies are needed.
This AI summary has been generated from information found on Charity Navigator.
Is Walter Riley Davis Senior Complex Corporation legitimate?
Walter Riley Davis Senior Complex Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walter Riley Davis Senior Complex 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Walter Riley Davis Senior Complex Corporation?
The Walter Riley Davis Senior Complex Corporation is committed to a mission that prioritizes providing safe and affordable housing options for elderly individuals. This mission is carried out through the construction and operation of rental housing projects, specifically catering to elderly tenants. The corporation's primary goal is to ensure that elderly individuals have access to secure and financially viable living arrangements.
Who is the CEO of Walter Riley Davis Senior Complex Corporation?
Rugenia Davis is the Director of Walter Riley Davis Senior Complex Corporation.
What is the revenue of Walter Riley Davis Senior Complex Corporation?
Walter Riley Davis Senior Complex Corporation's revenue in 2022 was $60,921.
Who are the executives of Walter Riley Davis Senior Complex Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Walter Riley Davis Senior Complex Corporation?
Walter Riley Davis Senior Complex Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walter Riley Davis Senior Complex Corporation
Walter Riley Davis Senior Complex Corporation is committed to providing safe and affordable housing for elderly individuals. This nonprofit organization constructs and manages an 8-unit rental housing project specifically designed for elderly tenants. By offering affordable living options, this corporation aims to provide a secure and comfortable environment for senior citizens, ensuring they can live with dignity and independence.
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Impact
October, 2024
Walter Riley Davis Senior Complex Corporation significantly enhances the quality of life for elderly individuals by providing safe and affordable housing in Milwaukee, Wisconsin. By constructing and operating an 8-unit rental housing project tailored for seniors, the organization addresses a critical need in the community.
This initiative not only helps to alleviate the challenges of securing affordable accommodation but also fosters a supportive environment where elderly tenants can thrive. The focus on safety and affordability makes a profound impact on the lives of residents, promoting independence and well-being among older adults in the area. Through its dedicated efforts, the corporation plays a vital role in creating a more inclusive and supportive community for seniors.
This information is meant to be a general summary of Walter Riley Davis Senior Complex 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 2022.
- Investment Income: $4
- Program Service Revenue: $60,060
- Gross Receipts: $60,921
Assets and Liabilities:
- Total Assets: $416,765
- Total Liabilities: $872,200
- Net Assets: -$455,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$37,036
RENT REVENUE
Revenue
$23,024
Organization Details
Founding Year
2003
Phone
(414) 362-7240Principal Officer
Rugenia Davis
Main Address
7400 WEST BROWN DEER ROAD, MILWAUKEE, WI, 53223
NTEE Category
Code: L21 - Housing
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