Overview
What is Hrca Housing For Elderly Inc?
Hrca Housing for Elderly Inc, also known as Jack Satter House, is a nonprofit organization situated in Boston, Massachusetts. Their primary mission is to offer affordable, supportive residential housing for low-income seniors, fostering individuality, independence, and active lifestyles. The community, located near Revere Beach, features panoramic ocean views and provides 266 apartments, catering to seniors aged 62 or above, regardless of their background or identity. Residents have access to amenities such as a state-of-the-art fitness center, computer learning programs, and weekly meal programs. Jack Satter House values volunteerism and community involvement, emphasizing physical and emotional wellness. As a Hebrew SeniorLife community, residents receive comprehensive healthcare support, encouragement for an independent lifestyle, and prioritize their overall well-being. The organization's goal is to celebrate and honor its elderly residents, providing them with quality housing, healthcare, and opportunities for social interaction and education.
Official website here: www.hebrewseniorlife.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Hrca Housing For Elderly Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance with an overall score of 81%. This score reflects a strong emphasis on accountability and finance, showcasing the organization's commitment to transparent operations and effective management of resources.
The organization benefits from a majority independent board, with 75% of its members being independent. It has received full marks for its financial statements and oversight mechanisms, including comprehensive policies on conflict of interest and whistleblower protections. Additionally, a significant portion of its expenses, 85.38%, is allocated directly to programs, demonstrating its focus on serving its mission.
However, the charity does face a notable concern regarding its liabilities to assets ratio, which stands at 281.70%. This high ratio suggests potential financial vulnerability that could affect the organization's long-term sustainability. While its overall governance and financial practices are commendable, this aspect may warrant further attention from stakeholders and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Hrca Housing For Elderly Inc legitimate?
Hrca Housing For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hrca Housing For Elderly 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: $1,750,209
For more financial information, click here
Official website here: www.hebrewseniorlife.org
What is the mission statement of Hrca Housing For Elderly Inc?
The mission of Hrca Housing for Elderly Inc., also known as Jack Satter House, is centered around honoring and respecting the elderly. Their goal is to promote the independence, spiritual vigor, dignity, and choice of seniors, recognizing their value as a cherished resource. The organization accepts a special responsibility towards the frailest and neediest members of their community who require significant care. To fulfill this mission, Hrca Housing for Elderly Inc. focuses on managing high-quality senior housing through innovation and leadership, providing on-site healthcare services, facilitating positive social interactions to improve physical, mental, and social health, and creating opportunities for residents to connect with local educational and assistance programs.
Official website here: www.hebrewseniorlife.org
Who is the CEO of Hrca Housing For Elderly Inc?
Unavailable The CEO's salary of Hrca Housing For Elderly Inc is $0 and their total compensation is $1,341,362.
Official website here: www.hebrewseniorlife.org
What is the revenue of Hrca Housing For Elderly Inc?
Hrca Housing For Elderly Inc's revenue in 2022 was $8,543,049.
Official website here: www.hebrewseniorlife.org
Who are the executives of Hrca Housing For Elderly Inc and what are their salaries?
The average compensation at Hrca Housing For Elderly Inc during 2022 was $30,176. There are 58 employees at Hrca Housing For Elderly Inc.
Here are 16 key members and their salaries (Hrca Housing For Elderly Inc's CEO's salary is $0 and their total compensation is $1,341,362):
- Compensation: $0
- Related: $491,138
- Other: $67,006
- Compensation: $0
- Related: $1,235,441
- Other: $105,921
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $301,494
- Other: $69,279
- Compensation: $142,404
- Related: $0
- Other: $29,182
- Compensation: $0
- Related: $265,927
- Other: $65,210
- Compensation: $0
- Related: $417,284
- Other: $47,214
- Compensation: $0
- Related: $477,487
- Other: $72,832
- Compensation: $0
- Related: $429,739
- Other: $63,108
- Compensation: $0
- Related: $394,795
- Other: $97,648
- Compensation: $0
- Related: $522,494
- Other: $62,884
- Compensation: $0
- Related: $340,148
- Other: $60,767
- Compensation: $0
- Related: $305,525
- Other: $69,677
- Compensation: $0
- Related: $319,420
- Other: $115,600
- Compensation: $103,208
- Related: $0
- Other: $60,732
Official website here: www.hebrewseniorlife.org
Where can I find the form 990 for Hrca Housing For Elderly Inc?
Hrca Housing For Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hebrewseniorlife.org
Learn more at the official website: www.hebrewseniorlife.org
Mission Statement of Hrca Housing For Elderly Inc
Hrca Housing For Elderly Inc, also known as Jack Satter House, is devoted to honoring the elders in their community. Their mission is to respect and promote the independence, spiritual vigor, dignity, and choice of the elderly individuals they serve. Recognizing the elderly as a valuable resource, Hrca Housing For Elderly Inc assumes a special responsibility towards the frailest and neediest members of their community.
To fulfill this mission, Hrca Housing For Elderly Inc manages quality senior housing through innovation and leadership. They provide on-site health care services for their residents, ensuring 24/7 on-call assistance when needed. The organization also encourages positive social interaction among residents, aiming to improve their physical, mental, and social health. Additionally, Hrca Housing For Elderly Inc creates opportunities for residents to connect with local educational and assistance programs, offering them a variety of resources to support their overall well-being.
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Impact
July, 2024
Hrca Housing For Elderly Inc, operating as Jack Satter House in Revere, MA, has a significant impact on low-income seniors by providing affordable and supportive residential housing. Their community fosters independence, individuality, and respect while promoting active and energetic lifestyles. Residents have access to a full spectrum of services that ensure continuity of health care, encourage wellness, and support an independent lifestyle. With amenities like a state-of-the-art fitness center, computer learning programs, and weeknight meal programs, the organization prioritizes the well-being of its residents. Jack Satter House's mission to honor and cherish elders, while providing quality housing and health care services, positively contributes to the well-being of the senior community in Boston and beyond.
This information is meant to be a general summary of Hrca Housing For Elderly 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,703
- Program Service Revenue: $8,517,225
- Gross Receipts: $8,669,930
Assets and Liabilities:
- Total Assets: $19,634,982
- Total Liabilities: $55,313,787
- Net Assets: -$35,678,805
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$7,531,157
OTHER OPERATING REVENUE
Revenue
$986,068
Organization Details
Founding Year
1973
Phone
(617) 325-8000Main Address
1200 CENTRE STREET, BOSTON, MA, 02131
Website
www.hebrewseniorlife.orgNTEE Category
Code: L22 - Housing
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