Overview
What is South Norfolk Elderly Housing Services Inc?
South Norfolk Elderly Housing Services Inc is a nonprofit organization situated in Sharon, Massachusetts. Their primary mission is to provide affordable housing for low-income elderly and disabled individuals, with a total of 98 units available. They strive to ensure that senior citizens and individuals with disabilities have a safe and comfortable living space, contributing to their overall well-being. The organization's activities are dedicated to this purpose, providing essential housing solutions to the eligible population in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
South Norfolk Elderly Housing Services Inc has received an 82% rating from Charity Navigator, achieving a Three-Star rating based on its Accountability & Finance score. This rating indicates a good level of transparency and financial health, showcasing the organization’s commitment to responsible management of resources.
The nonprofit excels in several key areas, including having a completely independent board, which enhances its governance structure. It also demonstrates strong financial practices, with a high program expense ratio of 79.56%, meaning a significant portion of its expenditures directly support its mission. Additionally, the organization has no reported diversions of assets, which further strengthens its credibility.
However, while the organization performs well overall in accountability and finance, the single-beacon score does imply that there may be more aspects of performance to evaluate. Potential supporters might look for additional information regarding program effectiveness and impact to gain a fuller understanding of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is South Norfolk Elderly Housing Services Inc legitimate?
South Norfolk Elderly Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Norfolk Elderly Housing Services 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: $0
For more financial information, click here
What is the mission statement of South Norfolk Elderly Housing Services Inc?
South Norfolk Elderly Housing Services Inc is an organization dedicated to providing housing for low-income elderly and disabled individuals. Their mission is clearly stated as providing suitable living spaces for this specific population group. The organization manages 98 apartment units, which are rented out to individuals who fall under this category. The primary focus of South Norfolk Elderly Housing Services Inc is to ensure that these vulnerable individuals have access to secure and affordable housing, thereby improving their quality of life.
Who is the CEO of South Norfolk Elderly Housing Services Inc?
Velma Coffey is the President of South Norfolk Elderly Housing Services Inc.
What is the revenue of South Norfolk Elderly Housing Services Inc?
South Norfolk Elderly Housing Services Inc's revenue in 2021 was $2,213,936.
Who are the executives of South Norfolk Elderly Housing Services Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for South Norfolk Elderly Housing Services Inc?
South Norfolk Elderly Housing Services Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of South Norfolk Elderly Housing Services Inc
South Norfolk Elderly Housing Services Inc is committed to providing housing solutions for low-income elderly and disabled individuals. This nonprofit organization's mission is centered around renting out 98 apartment units specifically designed for this demographic. By offering these housing units, South Norfolk Elderly Housing Services Inc aims to make a significant impact on the lives of those who may be facing challenges related to age and disability, providing them with a safe and secure living environment.
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Impact
July, 2024
South Norfolk Elderly Housing Services Inc provides essential housing services to low-income elderly and disabled individuals in Sharon, MA. With 98 apartment units available for rent, this organization plays a crucial role in ensuring that vulnerable members of the community have a safe and affordable place to call home. By offering these housing options, South Norfolk Elderly Housing Services Inc positively impacts the lives of those in need by providing them with stability and support.
This information is meant to be a general summary of South Norfolk Elderly Housing Services 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 2021.
- Investment Income: $565
- Program Service Revenue: $308,951
- Gross Receipts: $2,213,936
Assets and Liabilities:
- Total Assets: $2,791,417
- Total Liabilities: $2,747,033
- Net Assets: $44,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$308,951
Organization Details
Founding Year
1980
Phone
(781) 784-4025Principal Officer
Velma Coffey
Main Address
51 HIXSON FARM ROAD, SHARON, MA, 02067
NTEE Category
Code: L220 - Housing
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