Overview
What is Specialized Housing Inc?
Specialized Housing Inc, located in Beaverton, Oregon, is a nonprofit organization that plays a significant role in providing housing services. With a mission centered around supporting low-income individuals with disabilities, they manage various facilities across Oregon. Their workforce of three dedicated individuals is committed to this cause, ensuring that over 500 individuals in need have access to reliable housing. By owning and managing these facilities, Specialized Housing Inc contributes to enhancing the living conditions and overall well-being of these individuals, thereby making a positive impact on the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
Specialized Housing Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial practices and transparency. The overall score is primarily based on its Accountability & Finance metrics, where the charity achieved a score of 64%. While it has strong performance in areas like the percentage of program expenses, transparency issues such as the absence of financial statements and tax forms on its website have negatively impacted its rating.
The organization does have a majority of independent board members and has implemented a conflict of interest policy, which are strengths in terms of governance. However, the limited size of the independent board and missing policies related to whistleblower protections and document retention highlight areas for improvement. The charity's financial health appears stable, as evidenced by a low liabilities-to-assets ratio.
Overall, while Specialized Housing Inc demonstrates a commitment to its programs, it faces challenges in transparency and governance practices that could affect donor trust and engagement. Addressing these limitations may enhance its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Specialized Housing Inc legitimate?
Specialized Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Specialized Housing 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: $179,805
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,128
For more financial information, click here
What is the mission statement of Specialized Housing Inc?
Specialized Housing Inc, as an organization, is dedicated to providing housing solutions for individuals with disabilities who have low income. This mission is carried out by owning and managing facilities across various locations. These facilities offer housing services to over 500 individuals, ensuring they have a suitable living environment. The primary goal is to make housing accessible and affordable for this specific group of individuals, thereby enhancing their quality of life.
Who is the CEO of Specialized Housing Inc?
George Welsh is the President of Specialized Housing Inc.
What is the revenue of Specialized Housing Inc?
Specialized Housing Inc's revenue in 2022 was $4,816,452.
Who are the executives of Specialized Housing Inc and what are their salaries?
The average compensation at Specialized Housing Inc during 2022 was $148,644. There are 3 employees at Specialized Housing Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $171,787
- Related: $0
- Other: $8,018
Where can I find the form 990 for Specialized Housing Inc?
Specialized Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Specialized Housing Inc
Specialized Housing Inc, a nonprofit organization, is dedicated to providing housing solutions for individuals with disabilities who are of low income. Their primary mission is to manage and own facilities that offer housing services to over 500 such individuals across Oregon. By offering these housing services, Specialized Housing Inc aims to ensure that these individuals have access to a safe and secure living environment, thereby improving their overall quality of life.
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Impact
July, 2024
Specialized Housing Inc's impact can be seen in the lives of over 500 low-income individuals with disabilities in Oregon. By providing housing services to this vulnerable population, the organization plays a crucial role in ensuring that these individuals have access to safe and affordable housing. Specialized Housing Inc's efforts contribute to enhancing the quality of life and overall well-being of those they serve, offering them a stable foundation from which they can thrive and participate fully in their communities. The organization's commitment to its mission of providing housing to low-income individuals with disabilities makes a significant and tangible difference in the lives of those who benefit from its services.
This information is meant to be a general summary of Specialized Housing 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 2022.
- Investment Income: $3,053,648
- Program Service Revenue: $1,018,497
- Gross Receipts: $6,540,781
Assets and Liabilities:
- Total Assets: $15,613,279
- Total Liabilities: $1,356,218
- Net Assets: $14,257,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$949,575
SELLER NOTE- INTEREST
Revenue
$28,817
SELLER NOTE- FEES
Revenue
$26,294
PARTNERSHIP MANAGEMENT FEE
Revenue
$13,842
EQUITY INCOME OF LTD PTNSHP
Revenue
-$31
Organization Details
Founding Year
1981
Phone
(503) 469-9248Principal Officer
George Welsh
Main Address
4140 SW 109TH AVENUE, BEAVERTON, OR, 97005
NTEE Category
Code: L20Z - Housing
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