Overview
What is Synagogue Corporation?
Synagogue Corporation is a nonprofit organization situated in Burlington, Vermont, specifically at 214 North Prospect Street. Their primary mission is to provide housing for low-income elderly, handicapped, or disabled individuals. This mission is carried out through a federally subsidized project, identified as Project #024EH032. The organization's focus is to offer a secure living environment for those in need, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Synagogue Corporation has achieved a Three-Star rating from Charity Navigator, indicating a solid level of transparency and accountability within its operations. The organization has demonstrated strong governance practices, with 100% of its board members being independent, and it has received full points for its financial statements audit and conflict of interest policy.
Despite these strengths, the organization faces challenges in its financial health, as evidenced by a relatively high liabilities to assets ratio of 68.45%, which only earned 1 out of 15 points in that category. However, it maintains an impressive program expense ratio of 100%, highlighting its commitment to utilizing resources effectively for its mission. Overall, the nonprofit showcases strong governance and accountability, but its financial stability may warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Synagogue Corporation legitimate?
Synagogue Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Synagogue 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.
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What is the mission statement of Synagogue Corporation?
The Synagogue Corporation's mission is centered around providing housing solutions. Specifically, it focuses on serving low-income elderly, handicapped, or disabled individuals. This is accomplished through federally subsidized housing projects, such as Project #024EH032. The organization's primary goal is to offer a secure living environment and essential amenities to these vulnerable populations, thereby enhancing their quality of life. Additionally, the Synagogue Corporation may also provide support services to ensure the well-being of its residents.
Who is the CEO of Synagogue Corporation?
Deborah Kutzko is the Director of Synagogue Corporation.
What is the revenue of Synagogue Corporation?
Synagogue Corporation's revenue in 2022 was $999,190.
Who are the executives of Synagogue Corporation and what are their salaries?
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Where can I find the form 990 for Synagogue Corporation?
Synagogue Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Synagogue Corporation
Synagogue Corporation, as a nonprofit organization, is committed to providing housing solutions for low-income elderly, handicapped, or disabled individuals. Their mission is centered around creating a living environment that caters to the unique needs of this vulnerable population. The organization operates under a federally subsidized housing program, identified as Project #024EH032, to ensure affordable and accessible housing options for these individuals. By focusing on this specific demographic, Synagogue Corporation aims to contribute to their overall well-being and independence, making a significant difference in their lives.
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Impact
July, 2024
Synagogue Corporation's impact is significant in providing federally subsidized housing for low-income elderly, handicapped, and disabled individuals in Burlington, VT. By offering affordable housing options to a vulnerable population, the organization helps improve the quality of life and well-being of those who may struggle to find suitable accommodations. This contributes to creating a more inclusive and supportive community for individuals who most need assistance.
This information is meant to be a general summary of Synagogue 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: $423
- Program Service Revenue: $282,321
- Gross Receipts: $999,190
Assets and Liabilities:
- Total Assets: $3,567,230
- Total Liabilities: $2,470,253
- Net Assets: $1,096,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$279,126
LAUNDRY & UTILITY INCO
Revenue
$3,195
Organization Details
Founding Year
1978
Phone
(802) 658-6442Principal Officer
Deborah Kutzko
Main Address
214 NORTH PROSPECT STREET, BURLINGTON, VT, 05401
NTEE Category
Code: L22 - Housing
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