Overview
What is Jefferson Street Senior Housing Corporation?
Jefferson Street Senior Housing Corporation is a dedicated nonprofit organization situated in Napa, California. Their primary focus is on offering affordable housing opportunities for senior citizens, adhering to the Supportive Housing for the Elderly program under section 202. Established in July, the corporation operates a 78-unit senior housing complex, providing a vital living space for this demographic. Through this initiative, Jefferson Street Senior Housing Corporation aims to support and uplift the elderly population in the community, ensuring they can maintain a comfortable and affordable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
Jefferson Street Senior Housing Corporation has received a 79% rating from Charity Navigator, indicating a solid performance in the category of Accountability & Finance. This score is reflective of the organization's strong governance practices, including a fully independent board and effective financial oversight, as evidenced by high scores in categories such as audit and conflict of interest policies.
The organization demonstrates a commendable program expense ratio of 93.44%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. However, it does face a notable concern with its liabilities to assets ratio, which stands at 184.39%. This indicates that the organization may have more liabilities than it has assets, potentially raising questions about its financial stability.
Overall, while Jefferson Street Senior Housing Corporation exhibits strong governance and a commitment to programmatic spending, the high liabilities in relation to its assets could be seen as a limitation. Continued attention to financial health will be essential for sustaining its operations and fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Jefferson Street Senior Housing Corporation legitimate?
Jefferson Street Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jefferson Street 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: $0
For more financial information, click here
What is the mission statement of Jefferson Street Senior Housing Corporation?
Jefferson Street Senior Housing Corporation is dedicated to providing affordable housing for senior citizens. Operating under Section 202, Supportive Housing for the Elderly, they have established a 78-unit senior housing complex. Their mission is centered around offering low-income rental housing, aiming to support the living needs of elderly individuals within their community. The corporation began providing these services in July.
Who is the CEO of Jefferson Street Senior Housing Corporation?
Anthony Torres is the President of Jefferson Street Senior Housing Corporation.
What is the revenue of Jefferson Street Senior Housing Corporation?
Jefferson Street Senior Housing Corporation's revenue in 2022 was $1,053,458.
Who are the executives of Jefferson Street Senior Housing Corporation and what are their salaries?
There 6 volunteers at Jefferson Street Senior Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Jefferson Street Senior Housing Corporation?
Jefferson Street Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jefferson Street Senior Housing Corporation
Jefferson Street Senior Housing Corporation is committed to providing affordable housing for senior citizens. Established under Section 202, Supportive Housing for the Elderly, this nonprofit organization operates a 78-unit senior housing complex. Their mission is to offer low-income rental housing to this community, ensuring that elderly individuals have a safe and affordable place to call home. This senior housing complex began operations in July. By providing affordable housing, Jefferson Street Senior Housing Corporation contributes to the well-being of senior citizens, enabling them to live independently with dignity and security.
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Impact
July, 2024
Jefferson Street Senior Housing Corporation's impact can be seen in the provision of affordable housing for senior citizens in Napa, California. By owning and operating a 78-unit senior housing complex under section 202, Supportive Housing for the Elderly, this organization offers low-income rental housing to the elderly population in the community. This initiative has helped address the pressing need for affordable housing options for seniors, ensuring that this vulnerable demographic has access to safe and stable living conditions. Through their efforts, Jefferson Street Senior Housing Corporation plays a crucial role in supporting the well-being and quality of life of elderly individuals in Napa, California.
This information is meant to be a general summary of Jefferson Street 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: $291
- Program Service Revenue: $1,053,167
- Gross Receipts: $1,053,458
Assets and Liabilities:
- Total Assets: $6,614,586
- Total Liabilities: $11,401,555
- Net Assets: -$4,786,969
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry & Vending
Revenue
$6,085
Loan Forgiveness
Revenue
$350,000
Miscellaneous
Revenue
$26,388
Tenant Assistance
Revenue
$327,425
Tenant Rent
Revenue
$343,269
Organization Details
Founding Year
2002
Phone
(510) 632-6712Principal Officer
Anthony Torres
Main Address
1855 Olympic Blvd 300, Walnut Creek, CA, 94596
NTEE Category
Code: L21 - Housing
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