Snhs Elderly Housing Ii Inc

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

EIN: 020405349 ✦ Manchester, NH ✦ Designated as a 501(c)(3)

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Overview

What is Snhs Elderly Housing Ii Inc?

Snhs Elderly Housing II Inc is a dedicated nonprofit organization that focuses on providing housing solutions for low-income elderly individuals. This mission is carried out through a specialized program designed to meet the unique needs of this demographic. By offering housing, the organization aims to contribute to the well-being and independence of its beneficiaries, thereby enhancing their quality of life.


Official website here: www.snhs.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Snhs Elderly Housing Ii Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its operations and governance. The overall score of 66% reflects notable strengths in financial accountability, particularly its high program expense ratio of 90.10%, which suggests that a significant portion of its funds is directed towards its mission-related activities. Additionally, the organization has strong financial practices, including a clean audit and the absence of material diversions of assets.

However, the organization faces challenges in governance, particularly with the lack of independent board members, which raises concerns about oversight and accountability. The absence of independent members can potentially affect the transparency of decision-making processes. Furthermore, the nonprofit's tax form is not accessible on its website, which limits public scrutiny and transparency, impacting its overall rating.

While Snhs Elderly Housing Ii Inc demonstrates a commitment to managing its programs effectively, it must address its governance issues to enhance its credibility and effectiveness. Improving board independence and ensuring all necessary documents are available online could significantly contribute to building trust with stakeholders and the community it serves.


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

Is Snhs Elderly Housing Ii Inc legitimate?

Snhs Elderly Housing Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snhs Elderly Housing Ii 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: $143,623

For more financial information, click here


Official website here: www.snhs.org

What is the mission statement of Snhs Elderly Housing Ii Inc?

Snhs Elderly Housing II Inc's mission is centered around providing housing for individuals who are elderly and fall under the category of low income. Through their program, the organization aims to offer a living space that caters to this specific demographic, ensuring they have a suitable place to reside. The organization's activities are primarily focused on this housing provision, aiming to make a positive impact on the lives of elderly individuals with limited financial means.


Official website here: www.snhs.org

Who is the CEO of Snhs Elderly Housing Ii Inc?

James Chaisson is the Chairman of Snhs Elderly Housing Ii Inc.


Official website here: www.snhs.org

What is the revenue of Snhs Elderly Housing Ii Inc?

Snhs Elderly Housing Ii Inc's revenue in 2023 was $757,338.


Official website here: www.snhs.org

Who are the executives of Snhs Elderly Housing Ii Inc and what are their salaries?

There 20 volunteers at Snhs Elderly Housing Ii Inc.


Here are 7 key members and their salaries:


Donnalee Lozeau (Chairman)
  • Compensation: $0
  • Related: $194,607
  • Other: $50,621
Ryan Clouthier (Vice Chairman)
  • Compensation: $0
  • Related: $138,549
  • Other: $37,952
James Chaisson (Treasurer)
  • Compensation: $0
  • Related: $165,830
  • Other: $45,914
Gregory Schneider (Secretary)
  • Compensation: $0
  • Related: $10,503
  • Other: $1,721
Regina Buteau (Trustee)
  • Compensation: $0
  • Related: $61,639
  • Other: $28,812
Cara Aliberti (Trustee)
  • Compensation: $0
  • Related: $84,809
  • Other: $25,558
Thomas Nelson (Trustee)
  • Compensation: $0
  • Related: $84,826
  • Other: $25,770


Official website here: www.snhs.org

Where can I find the form 990 for Snhs Elderly Housing Ii Inc?

Snhs Elderly Housing Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.snhs.org

Learn more at the official website: www.snhs.org

Mission Statement of Snhs Elderly Housing Ii Inc

Snhs Elderly Housing II, a nonprofit organization, is dedicated to providing housing solutions for low-income elderly individuals. Its mission is centered around offering a residential program that caters specifically to this demographic, ensuring they have access to safe and comfortable living spaces. By providing housing, Snhs Elderly Housing II aims to alleviate some of the challenges faced by elderly individuals with limited financial resources, allowing them to focus on other aspects of their lives with peace of mind.

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Impact




July, 2024

SNHS Elderly Housing II Inc's impact can be seen through its dedicated effort to provide housing for low-income elderly individuals in Manchester, New Hampshire. By offering affordable housing options, this organization plays a crucial role in supporting the elderly population, ensuring they have a safe and comfortable place to live. Their mission of providing housing for low-income elderly people directly contributes to enhancing the quality of life for this vulnerable population. Through their program, SNHS Elderly Housing II Inc positively impacts the lives of elderly individuals by giving them a stable and secure living environment.




This information is meant to be a general summary of Snhs Elderly Housing Ii 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
$757,338 (2023)
Expenses
$833,301 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $98
  • Program Service Revenue: $436,907
  • Gross Receipts: $757,338

Assets and Liabilities:

  • Total Assets: $2,986,934
  • Total Liabilities: $5,601,569
  • Net Assets: -$2,614,635

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Programs

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

TENANT RENT

Revenue

$420,492

LAUNDRY & A/C

Revenue

$16,415

Organization Details

Founding Year

1988

Principal Officer

James Chaisson

Main Address

PO BOX 5040, MANCHESTER, NH, 03108

NTEE Category

Code: L22 - Housing

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