Overview
What is Nccneumann Senior Housing Corporation?
Nccneumann Senior Housing Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania. With a focus on low-income elderly individuals, the organization operates and maintains a 70-unit affordable housing apartment building, specifically designed to cater to their physical, social, and psychological needs. The corporation's mission is to provide comfortable and supportive living accommodations for senior citizens, ensuring they have access to a safe and nurturing environment. With a dedicated team of five employees, Nccneumann Senior Housing Corporation is committed to enhancing the lives of its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Nccneumann Senior Housing Corporation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 71%. The organization demonstrates strong accountability, highlighted by having a fully independent board and high scores in financial oversight and program expense ratio. These factors indicate a commitment to transparency and effective management of resources directed towards their mission.
However, there are notable limitations that impact their overall rating. The absence of a whistleblower policy and document retention and destruction policy raises concerns about governance practices. Additionally, the organization's liabilities to assets ratio is significantly high at 135.94%, which may suggest financial instability or potential risk in managing their debts relative to their assets.
Overall, while Nccneumann Senior Housing Corporation excels in certain governance areas, there are critical aspects that require attention to improve its operational effectiveness and financial health. Addressing these limitations could enhance their rating and instill greater confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Nccneumann Senior Housing Corporation legitimate?
Nccneumann Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nccneumann Senior Housing Corporation 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: $176,761
For more financial information, click here
What is the mission statement of Nccneumann Senior Housing Corporation?
The Nccneumann Senior Housing Corporation's mission is centered around providing housing for individuals who fall under the category of low-income senior citizens. Established with this specific purpose, the organization operates and maintains an affordable housing project, catering to the residential needs of elderly people. The corporation is dedicated to delivering facilities and services tailored to meet the physical, social, and psychological needs of its senior residents. It aims to create an environment that supports their overall well-being, ensuring they live comfortably and with dignity.
Who is the CEO of Nccneumann Senior Housing Corporation?
Theodore Robb is the Chairman of Nccneumann Senior Housing Corporation.
What is the revenue of Nccneumann Senior Housing Corporation?
Nccneumann Senior Housing Corporation's revenue in 2022 was $932,423.
Who are the executives of Nccneumann Senior Housing Corporation and what are their salaries?
The average compensation at Nccneumann Senior Housing Corporation during 2022 was $35,352. There are 5 employees and 6 volunteers at Nccneumann Senior Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Nccneumann Senior Housing Corporation?
Nccneumann Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nccneumann Senior Housing Corporation
Nccneumann Senior Housing Corporation is dedicated to fulfilling a mission that prioritizes the provision of housing for senior citizens with limited income. Established with this purpose, the organization operates a 70-unit affordable housing project, catering specifically to the needs of elderly individuals. Their objectives extend beyond just offering accommodation; they aim to provide facilities and services tailored to meet the physical, social, and psychological requirements of their senior residents. The corporation's mission is to ensure that these elderly people can live comfortably and securely, fostering an environment that promotes their well-being and overall quality of life.
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Impact
July, 2024
Nccneumann Senior Housing Corporation's impact is profound as it provides crucial affordable housing for low-income senior citizens in Philadelphia, PA. The organization owns and operates a 70-unit affordable housing project specially designed to meet the physical, social, and psychological needs of the elderly residents. By offering housing facilities and services tailored to this vulnerable demographic, Nccneumann Senior Housing Corporation plays a vital role in ensuring that senior citizens have a safe and supportive environment in which to live. With its mission to provide housing for low-income senior citizens, the organization contributes significantly to enhancing the quality of life for older adults in the community.
This information is meant to be a general summary of Nccneumann Senior Housing Corporation. 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: $78
- Program Service Revenue: $288,158
- Gross Receipts: $932,423
Assets and Liabilities:
- Total Assets: $8,787,780
- Total Liabilities: $11,946,715
- Net Assets: -$3,158,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$288,158
Organization Details
Founding Year
2001
Phone
(215) 925-1865Principal Officer
Theodore Robb
Main Address
236 SOUTH 7TH STREET, PHILADELPHIA, PA, 19106
NTEE Category
Code: L22 - Housing
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