Overview
What is Seton Village?
Seton Village is a nonprofit organization situated in Portland, Maine (specifically at 510 Ocean Avenue). Their primary focus is on offering affordable housing solutions for low-income elderly individuals. The organization manages a 140-unit apartment complex, providing a suitable living environment for this demographic. Their mission is deeply rooted in ensuring the well-being and comfort of elderly tenants, contributing to their community in a meaningful way.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
Seton Village demonstrates strong governance practices, with a fully independent board and excellent scores for financial statements and program expenses. The organization's commitment to documenting board meeting minutes indicates a level of transparency and accountability in its operations. However, while these aspects are commendable, there are several critical areas where the organization falls short.
Despite its strengths, Seton Village has significant weaknesses that impact its overall rating. The organization reports a high liabilities to assets ratio, indicating potential financial instability. Additionally, the absence of key policies, including a conflict of interest policy and a whistleblower policy, raises concerns about its governance framework and risk management practices.
Overall, while Seton Village has a solid program expense ratio and independent board structure, the financial liabilities and missing essential policies highlight areas needing improvement. Addressing these issues could enhance its accountability and financial health, ultimately impacting its effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Seton Village legitimate?
Seton Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seton Village 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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What is the mission statement of Seton Village?
Seton Village's mission is centered around managing a 140-unit apartment complex, specifically catering to low-income elderly tenants. The organization's primary goal is to provide affordable housing for this particular demographic. In essence, Seton Village strives to create an environment that accommodates the housing needs of elderly individuals with limited financial resources. The organization's daily operations are geared towards ensuring the comfort and well-being of its residents, providing them with a secure and affordable living space.
Who is the CEO of Seton Village?
Scott Graff is the Treasurer of Seton Village.
What is the revenue of Seton Village?
Seton Village's revenue in 2022 was $1,515,759.
Who are the executives of Seton Village and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Seton Village?
Seton Village's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seton Village
Seton Village is an organization dedicated to managing a 140-unit apartment complex specifically catering to low-income elderly tenants. Its primary mission is to provide affordable housing for this particular demographic, ensuring they have a safe and comfortable living space. By managing this complex, Seton Village plays a crucial role in addressing the housing needs of the elderly population who may be on limited income, helping to maintain their independence and dignity.
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Impact
July, 2024
Seton Village's impact is significant in providing affordable housing for low-income elderly tenants in Portland, ME. By managing a 140-unit apartment complex, Seton Village plays a crucial role in ensuring that this vulnerable population has access to safe and affordable housing. This not only addresses the immediate need for shelter but also contributes to the overall well-being and quality of life of the elderly residents. Seton Village's presence helps to promote community stability and support the dignity and independence of its tenants.
This information is meant to be a general summary of Seton Village. 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: $1,086
- Program Service Revenue: $645,337
- Gross Receipts: $1,515,759
Assets and Liabilities:
- Total Assets: $5,644,955
- Total Liabilities: $5,961,129
- Net Assets: -$316,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELDERLY RENTS
Revenue
$639,591
UTILITY CHARGES & LATE
Revenue
$5,746
Organization Details
Founding Year
1976
Phone
(207) 773-6471Principal Officer
Scott Graff
Main Address
510 OCEAN AVENUE, PORTLAND, ME, 04103
NTEE Category
Code: L22 - Housing
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