Overview
What is Vashon Household?
Vashon Household is a nonprofit organization situated in Vashon, Washington. Their primary mission is to develop and provide affordable housing, improve housing conditions, and ensure permanently affordable access to land, homes, and workplaces for low and moderate-income families and individuals, particularly the disabled, the elderly, and the displaced or homeless. To achieve this, they operate various projects, such as a subsidized rental apartment for seniors and the disabled, a subsidized rental unit for low-income individuals with a homeless set-aside, and two home ownership projects, both Community Land Trusts (CLTs) with a commitment to permanent affordability for individuals earning up to 80% of the median income. They manage properties, including a 9-unit apartment for seniors and the disabled, a 20-unit apartment for low-income families, and 19 homes and 14 homes in two home ownership projects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Vashon Household has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's overall score is derived entirely from its Accountability & Finance metrics, highlighting its strong management of resources. The organization scored particularly well in areas such as having an entirely independent board and a high program expense ratio, demonstrating a commitment to transparency and effective use of funds.
Strengths of Vashon Household include its excellent governance practices, with a board composed entirely of independent members and robust oversight mechanisms in place. Their financial statements indicate responsible management, as evidenced by the absence of any material diversion of assets and the presence of a conflict of interest policy. These factors contribute to a strong impression of reliability and ethical operation.
However, the organization faces challenges reflected in its liabilities to assets ratio, which scored poorly at 0 out of 15 points. This may raise concerns about its financial stability relative to its obligations. Despite this limitation, the charity's high program expense ratio suggests that a significant portion of its funding is directed toward its mission-driven activities, which is a positive aspect for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Vashon Household legitimate?
Vashon Household is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vashon Household 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: $178,437
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What is the mission statement of Vashon Household?
Vashon Household, as an organization, aims to address housing affordability and accessibility issues. Specifically, their mission is to develop and improve affordable housing options, enhance housing conditions, and provide permanently affordable land, homes, and workplaces for low-income families and individuals, with a focus on those who are disabled, elderly, and displaced or homeless. This is done to ensure these groups have long-term, affordable housing solutions. The organization's activities include managing subsidized rental apartments for seniors and the disabled, as well as low-income individuals, and overseeing home ownership projects, which are both Community Land Trusts (CLTs), ensuring affordable housing for people earning 80% or less of the median income.
Who is the CEO of Vashon Household?
Jason Johnson is the President of Vashon Household.
What is the revenue of Vashon Household?
Vashon Household's revenue in 2022 was $1,002,799.
Who are the executives of Vashon Household and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Vashon Household?
Vashon Household's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vashon Household
Vashon Household, as a nonprofit organization, is dedicated to an important mission. It aims to create and maintain affordable housing options, enhance living conditions, and ensure permanent, affordable access to land, homes, and workplaces for low-income families and individuals, particularly the disabled, the elderly, and the displaced or homeless. The organization's primary objective is to contribute to the housing sector, ensuring that these vulnerable groups have access to suitable living spaces. By developing properties that cater to their needs, Vashon Household plays a crucial role in addressing housing disparities and promoting social equity.
The organization's mission is exemplified in its property portfolio, which includes subsidized rental apartments for seniors and the disabled, low-income housing units, and community land trust projects. The subsidized rental apartments offer a safe and affordable living environment for eligible individuals, while the community land trust projects ensure the long-term affordability of homes for those below 80% of the median income. By investing in and managing these properties, Vashon Household demonstrates its commitment to its mission, providing much-needed housing solutions for those who might otherwise struggle to secure affordable living arrangements.
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Impact
July, 2024
Vashon Household's impact can be seen in the development of affordable housing, improvement of housing conditions, and provision of permanently affordable access to land, homes, and workplaces on Vashon Island. The organization focuses on serving low and moderate-income families and individuals, with a special emphasis on the disabled, the elderly, and the displaced or homeless. Vashon Household's initiatives include renting and developing properties in alignment with their mission statement, such as a subsidized rental apartment for seniors and disabled individuals, a subsidized rental unit for low-income persons with a homeless set aside, and two homeownership projects. These projects, which utilize a Community Land Trust model, ensure "permanent affordability" for individuals at or below 80% of the median income, thereby creating stability and opportunity for those in need within the community.
This information is meant to be a general summary of Vashon Household. 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: $365
- Program Service Revenue: $584,524
- Gross Receipts: $1,002,799
Assets and Liabilities:
- Total Assets: $9,965,284
- Total Liabilities: $13,596,018
- Net Assets: -$3,630,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$507,653
MISCELLANEOUS
Revenue
$60,311
MANAGEMENT FEES
Revenue
$16,560
Organization Details
Founding Year
1990
Phone
(206) 463-6454Principal Officer
Jason Johnson
Main Address
PO BOX 413, VASHON, WA, 98070
NTEE Category
Code: L99Z - Housing
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