St Helena's House Inc C/O Maloney Properties Inc

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

EIN: 042760716 ✦ Wellesley, MA ✦ Designated as a 501(c)(3)

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Overview

What is St Helena's House Inc C/O Maloney Properties Inc?

St. Helena's House Inc., in partnership with Maloney Properties Inc., is a nonprofit organization situated in Wellesley, Massachusetts. Their primary mission is to offer affordable housing solutions for the elderly community, catering to those with limited financial resources. They provide a comfortable and supportive living environment for senior citizens, ensuring they can age with dignity and independence.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.

St Helena's House Inc has received a Two-Star rating from Charity Navigator, indicating some strengths in governance and financial management but significant weaknesses in transparency and accountability. The organization boasts a fully independent board and high program expense efficiency, allocating 99.17% of its expenditures directly to its programs. These factors reflect a commitment to its mission and proper oversight.

However, the organization struggles with several key accountability issues. It lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Additionally, its liabilities significantly exceed its assets, with a ratio of 142.43%, raising concerns about financial stability and sustainability.

Overall, while St Helena's House Inc demonstrates strong programmatic focus and governance through its independent board, the absence of critical operational policies and an alarming liabilities-to-assets ratio indicates areas needing improvement for enhanced accountability and long-term viability.


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

Is St Helena's House Inc C/O Maloney Properties Inc legitimate?

St Helena's House Inc C/O Maloney Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Helena's House Inc C/O Maloney Properties 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.

What is the mission statement of St Helena's House Inc C/O Maloney Properties Inc?

St. Helena's House, an organization dedicated to senior housing, aims to provide affordable living solutions for the elderly. Its mission is centered around offering low-income housing, ensuring that elderly individuals have a place to call home despite their financial circumstances. This commitment to elder care is a testament to their dedication to supporting the elderly population in their community. The organization's activities are focused on meeting the unique needs of this demographic, thereby enhancing their quality of life.

Who is the CEO of St Helena's House Inc C/O Maloney Properties Inc?

Kevin O'Leary is the Treasurer of St Helena's House Inc C/O Maloney Properties Inc.

What is the revenue of St Helena's House Inc C/O Maloney Properties Inc?

St Helena's House Inc C/O Maloney Properties Inc's revenue in 2022 was $2,278,421.

Who are the executives of St Helena's House Inc C/O Maloney Properties Inc and what are their salaries?



Where can I find the form 990 for St Helena's House Inc C/O Maloney Properties Inc?

St Helena's House Inc C/O Maloney Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of St Helena's House Inc C/O Maloney Properties Inc

St. Helena's House Inc, under the management of Maloney Properties Inc, is dedicated to serving the elderly community by providing low-income housing. This nonprofit organization's mission is to create a welcoming environment where elderly individuals can reside with dignity and affordability. By prioritizing this demographic, St. Helena's House aims to alleviate the housing burden faced by many senior citizens, ensuring they have a secure and comfortable living space. The organization's commitment to this cause plays a significant role in supporting the elderly community, providing them with the essential care and comfort they deserve.

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Impact




July, 2024

St Helena's House Inc C/O Maloney Properties Inc's impact is significant in providing low-income housing for the elderly in Wellesley, MA. Their mission to offer affordable housing options for seniors in need plays a crucial role in addressing the housing challenges faced by the elderly population. By offering a safe and supportive environment for older adults with limited financial resources, St Helena's House contributes to enhancing the quality of life and well-being of seniors in the community.




This information is meant to be a general summary of St Helena's House Inc C/O Maloney Properties 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
$2,278,421 (2022)
Expenses
$2,072,573 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $959
  • Program Service Revenue: $2,262,859
  • Gross Receipts: $2,278,421

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Programs

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

RENTAL INCOME

Revenue

$2,259,659

MISCELLANEOUS SERVICE

Revenue

$3,200

Organization Details

Founding Year

1981

Principal Officer

Kevin O'Leary

Main Address

27 MICA LANE, WELLESLEY, MA, 02481

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