Overview
What is Azalea Place Nonprofit Housing?
Azalea Place Nonprofit Housing is a charitable organization dedicated to providing affordable housing solutions for the elderly. Specifically, they manage a 12-unit apartment complex, overseen by the U.S. Department of Housing and Urban Development (HUD) under the National Housing Act's Section 811. This housing complex offers a secure and supportive living environment for its residents, ensuring they receive the care and accommodation they need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Azalea Place Nonprofit Housing has received an 80% score from Charity Navigator, indicating a solid level of accountability and financial stewardship. The rating is based entirely on a single beacon score, which reflects the organization’s commitment to responsible financial practices and governance. This level of transparency is significant for potential donors and stakeholders looking for reliable nonprofit organizations.
The organization excels in various areas, boasting 100% independent board members and full compliance with accountability measures, including a clear conflict of interest policy and regular documentation of board meeting minutes. Their low liabilities-to-assets ratio and a program expense ratio of 100% demonstrate effective financial management and a focus on direct service delivery, suggesting that most resources are utilized for programmatic purposes.
However, while the organization’s current ratings reflect strong accountability, the limited information available could suggest a lack of diverse performance indicators. Potential supporters may seek additional insights into the impact and effectiveness of the programs offered by Azalea Place to make a fully informed decision regarding their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Azalea Place Nonprofit Housing legitimate?
Azalea Place Nonprofit Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Azalea Place Nonprofit Housing 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: $0
For more financial information, click here
What is the mission statement of Azalea Place Nonprofit Housing?
Azalea Place Nonprofit Housing is dedicated to providing low-income housing, specifically for the elderly population. Their mission is carried out by managing a 12-unit apartment complex, which is regulated under Section 811 of the National Housing Act by the U.S. Department of Housing and Urban Development. This organization aims to offer a secure living environment for those who might otherwise struggle to afford housing, contributing to a more equitable society.
Who is the CEO of Azalea Place Nonprofit Housing?
Susan Derenzo is the Chair of Azalea Place Nonprofit Housing.
What is the revenue of Azalea Place Nonprofit Housing?
Azalea Place Nonprofit Housing's revenue in 2022 was $133,082.
Who are the executives of Azalea Place Nonprofit Housing and what are their salaries?
There 5 volunteers at Azalea Place Nonprofit Housing.
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Azalea Place Nonprofit Housing?
Azalea Place Nonprofit Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Azalea Place Nonprofit Housing
Azalea Place Nonprofit Housing is dedicated to providing low-income housing for the elderly. Specifically, they manage a 12-unit apartment complex under the regulations of the U.S. Department of Housing and Urban Development, in accordance with Section 811 of the National Housing Act. This nonprofit organization's mission is to offer a secure living environment for the elderly, ensuring they have access to affordable housing. By doing so, Azalea Place Nonprofit Housing contributes significantly to the well-being of the elderly community, providing them with a stable living situation and peace of mind.
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Impact
June, 2024
Azalea Place Nonprofit Housing's impact is significant in providing low-income housing for the elderly in Vancouver, WA. Their operation of a 12-unit apartment complex regulated by the U.S. Department of Housing and Urban Development under Section 811 of the National Housing Act directly addresses the critical need for affordable housing among this vulnerable demographic. By offering safe and affordable housing options, Azalea Place Nonprofit Housing contributes to improving the quality of life and well-being of elderly individuals in the community. Additionally, their focus on mental health, as indicated by the tag associated with their mission, suggests a holistic approach to supporting the residents' overall health and wellness.
This information is meant to be a general summary of Azalea Place Nonprofit Housing. 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: $18
- Program Service Revenue: $115,559
- Gross Receipts: $133,082
Assets and Liabilities:
- Total Assets: $871,367
- Total Liabilities: $113,627
- Net Assets: $757,740
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDIES
Revenue
$77,412
DWELLING RENT
Revenue
$38,147
Organization Details
Founding Year
2001
Phone
(360) 993-9560Principal Officer
Susan Derenzo
Main Address
2500 MAIN STREET SUITE 200, VANCOUVER, WA, 98660
NTEE Category
Code: F33 - Mental health
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