Yarmouth Senior Housing Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010340560 ✦ Yarmouth, ME ✦ Designated as a 501(c)(3)

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Overview

What is Yarmouth Senior Housing Inc?

Yarmouth Senior Housing Inc, situated in Yarmouth, Maine, is a nonprofit organization dedicated to providing affordable living accommodations for the elderly. Their real estate portfolio includes 28 residential rental units, serving as a valuable resource for this demographic in the community. The organization's mission is to uphold human dignity in Yarmouth, Maine, by offering senior citizens safe, comfortable, and carefree homes that are within their financial reach. The primary activity of Yarmouth Senior Housing Inc focuses on making a positive impact on the elderly population's housing situation.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star Rating

Yarmouth Senior Housing Inc has received a rating of 73%, which translates to a Two-Star rating based on its accountability and finance metrics. This score reflects a strong emphasis on financial health, with a perfect score in several areas, including an entirely independent board and no material diversion of assets. The organization demonstrates effective governance by documenting board meeting minutes and maintaining a favorable liabilities to assets ratio.

One of the standout strengths of Yarmouth Senior Housing Inc is its high program expense ratio of 95.37%, indicating that a significant portion of its funds is directed towards its programs and services rather than administrative costs. The organization also boasts a fully independent board, which ensures unbiased oversight and decision-making.

Despite these strengths, the overall Two-Star rating suggests that there might be areas for improvement. While the organization scores well on accountability, the lack of additional data or metrics in other domains could limit the full understanding of its overall impact and performance. Continuous monitoring and possible enhancements in effectiveness could help elevate its standing in future evaluations.


This AI summary has been generated from information found on Charity Navigator.

Is Yarmouth Senior Housing Inc legitimate?

Yarmouth Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yarmouth Senior 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Yarmouth Senior Housing Inc?

Yarmouth Senior Housing Inc's mission is centered around enhancing human dignity. They strive to achieve this by providing elderly citizens with safe, comfortable, and affordable housing, free from concerns about maintenance and upkeep. Their goal is to offer a carefree living environment for these individuals, thereby improving their quality of life. The organization's primary activity involves owning and managing 28 residential rental units, specifically designed for affordable low-income housing for the elderly.

Who is the CEO of Yarmouth Senior Housing Inc?

Jean Libby is the Secretary of Yarmouth Senior Housing Inc.

What is the revenue of Yarmouth Senior Housing Inc?

Yarmouth Senior Housing Inc's revenue in 2022 was $198,075.

Who are the executives of Yarmouth Senior Housing Inc and what are their salaries?


Here are 10 key members and their salaries:


Helen Wardwell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Libby (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Soule (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noraine Dorr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Laflamme (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Forcier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Libby (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Morrill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Swan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra M Barron (Executive Director)
  • Compensation: $16,746
  • Related: $0
  • Other: $0
Where can I find the form 990 for Yarmouth Senior Housing Inc?

Yarmouth Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Yarmouth Senior Housing Inc

Yarmouth Senior Housing Inc, a nonprofit organization, is committed to enriching human dignity by offering a sanctuary for the elderly in Maine. Their mission is to provide elderly citizens with safe, comfortable, and carefree living spaces that are both affordable and of high quality. By doing so, this organization aims to contribute to their residents' overall well-being and ensure they can live in a stress-free environment. Yarmouth Senior Housing Inc manages 28 residential units, which are made available for affordable low-income housing for elderly individuals. This nonprofit's mission is centered around enhancing the quality of life for its senior residents, providing them with a place they can call home.

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Impact




October, 2024

Yarmouth Senior Housing Inc plays a crucial role in the community by providing 28 affordable rental units specifically designed for low-income elderly residents. This initiative enhances the quality of life for seniors by ensuring they have access to safe, comfortable, and affordable housing options. By focusing on the needs of this vulnerable population, Yarmouth Senior Housing Inc contributes to the overall well-being and human dignity of elder citizens in Yarmouth, Maine. The availability of these housing units allows seniors to live independently while enjoying a supportive environment, positively impacting their mental and physical health. Moreover, it fosters a sense of community among residents, enhancing social connections and reducing isolation.




This information is meant to be a general summary of Yarmouth Senior 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.

Revenue
$198,075 (2022)
Expenses
$202,453 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $149
  • Program Service Revenue: $197,451
  • Gross Receipts: $198,075

Assets and Liabilities:

  • Total Assets: $1,538,739
  • Total Liabilities: $313,901
  • Net Assets: $1,224,838

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental Income

Revenue

$195,586

Laundry Income

Revenue

$1,865

Organization Details

Founding Year

1975

Principal Officer

Jean Libby

Main Address

PO Box 163, Yarmouth, ME, 04096

NTEE Category

Code: L22 - Housing

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