Overview
What is Island Elderly Housing Inc?
Island Elderly Housing Inc. is a nonprofit organization dedicated to offering affordable housing solutions for the elderly and individuals with disabilities. Their primary mission involves providing a living space that is financially accessible for this specific population group, ensuring they have a stable and secure environment to reside in. The organization's activities and mission are centered around this core goal, aiming to bridge the housing affordability gap and promote a dignified living experience for the elderly and disabled community.
Official website here: www.iehmv.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating
Island Elderly Housing Inc has received an 81% score from Charity Navigator, indicating a solid level of accountability and financial health. The score is derived entirely from its Accountability & Finance metrics, showcasing the organization’s commitment to responsible governance and transparency.
A notable strength of this nonprofit is its fully independent board, with all members meeting the criteria for independence, which contributes to effective oversight. The organization also excels in its financial practices, reflected in a high program expense ratio of 75.42%, ensuring that a significant portion of its budget is directed towards its mission.
While the overall rating is solid, potential donors might consider that the score is primarily based on financial practices, with no additional beacons for other operational elements like impact or efficiency. Nonetheless, the strong governance policies and absence of material asset diversions underline the organization’s reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Island Elderly Housing Inc legitimate?
Island Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Island Elderly Housing 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: $340,245
For more financial information, click here
Official website here: www.iehmv.org
What is the mission statement of Island Elderly Housing Inc?
Island Elderly Housing Inc is committed to providing affordable housing solutions for elderly and disabled individuals. Their mission is centered around ensuring that these vulnerable groups have access to suitable living arrangements. Through their efforts, they strive to make housing more affordable for the elderly and disabled population, thereby improving their quality of life. The organization's activities are solely focused on this mission, aiming to provide affordable housing options for those in need.
Official website here: www.iehmv.org
Who is the CEO of Island Elderly Housing Inc?
Dorothy Young is the Principal Officer of Island Elderly Housing Inc.
Official website here: www.iehmv.org
What is the revenue of Island Elderly Housing Inc?
Island Elderly Housing Inc's revenue in 2023 was $1,196,618.
Official website here: www.iehmv.org
Who are the executives of Island Elderly Housing Inc and what are their salaries?
The average compensation at Island Elderly Housing Inc during 2023 was $18,902. There are 18 employees at Island Elderly Housing Inc.
Here are 6 key members and their salaries:
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Official website here: www.iehmv.org
Where can I find the form 990 for Island Elderly Housing Inc?
Island Elderly Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iehmv.org
Learn more at the official website: www.iehmv.org
Mission Statement of Island Elderly Housing Inc
Island Elderly Housing Inc, a dedicated nonprofit organization, is committed to providing affordable housing solutions for the elderly and disabled individuals. The primary mission of this organization is centered around ensuring that these vulnerable groups have access to suitable living spaces that cater to their specific needs. By offering affordable housing options, Island Elderly Housing Inc aims to provide a sense of security and independence to its residents, allowing them to live comfortably and with dignity. The organization's actions directly contribute to enhancing the quality of life for the elderly and disabled community, thereby fostering a sense of community and belonging.
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Impact
July, 2024
Island Elderly Housing Inc's impact is vital in providing affordable housing for the elderly and disabled in Vineyard Haven, MA. Through its mission to offer accessible and affordable housing options, this organization plays a significant role in supporting vulnerable populations in the community by ensuring they have a safe and comfortable place to call home. Island Elderly Housing Inc's efforts contribute to enhancing the quality of life for elderly and disabled individuals, fostering a sense of security and well-being as they age in place.
This information is meant to be a general summary of Island Elderly Housing 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 2023.
- Investment Income: $8,886
- Program Service Revenue: $778,360
- Gross Receipts: $1,199,111
Assets and Liabilities:
- Total Assets: $3,489,593
- Total Liabilities: $2,874,139
- Net Assets: $615,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$692,888
INTEREST SUBSIDY
Revenue
$85,472
Organization Details
Founding Year
1977
Phone
(508) 693-5880Principal Officer
Dorothy Young
Main Address
60B VILLAGE ROAD, VINEYARD HAVEN, MA, 02568
Website
www.iehmv.orgNTEE Category
Code: L22 - Housing
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