Overview
What is Upsala Elder Housing Corporation?
Upsala Elder Housing Corporation is a nonprofit organization that focuses on providing affordable housing solutions for the elderly. Specifically, they operate a 50-unit apartment building, catering to qualified low-income seniors. The primary mission of this organization is to ensure that elderly individuals have access to suitable housing, enhancing their quality of life. By offering low-income housing, Upsala Elder Housing Corporation strives to alleviate the housing burden faced by many elderly individuals, enabling them to live with dignity and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Upsala Elder Housing Corporation has received a Three-Star rating from Charity Navigator, signifying a solid performance primarily in the area of Accountability & Finance. The organization scored 83% overall, indicating good financial health and transparency, which are crucial for donor trust. This score is derived solely from the accountability and finance beacon, reflecting the nonprofit's commitment to responsible management of its resources.
Strengths of Upsala Elder Housing include an impressive record of 100% independent board members, ensuring impartial governance. The organization also scored full marks in areas such as financial oversight and the absence of material asset diversion, which highlights its dedication to ethical operations. Furthermore, their program expense ratio stands at 100%, demonstrating that all resources are allocated towards fulfilling their mission.
While the overall rating is positive, ongoing performance in maintaining these high standards will be essential for building even greater donor confidence and sustaining their operations. Continuous monitoring and improvement in organizational practices will ensure that they remain effective in serving their community.
This AI summary has been generated from information found on Charity Navigator.
Is Upsala Elder Housing Corporation legitimate?
Upsala Elder Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upsala Elder Housing 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $147,391
For more financial information, click here
What is the mission statement of Upsala Elder Housing Corporation?
The Upsala Elder Housing Corporation's mission is centered around providing affordable housing for elderly individuals with limited income. This mission is accomplished through the operation of a 50-unit apartment building, which is specifically designed to accommodate qualified elderly individuals who are financially disadvantaged. The organization's primary goal is to ensure that the elderly have access to appropriate housing, thereby enhancing their quality of life. The corporation's mission also includes the provision of housing for elderly persons, emphasizing the importance of addressing the housing needs of this specific demographic.
Who is the CEO of Upsala Elder Housing Corporation?
Elizabeth Sanning is the President/Secretary of Upsala Elder Housing Corporation.
What is the revenue of Upsala Elder Housing Corporation?
Upsala Elder Housing Corporation's revenue in 2023 was $574,637.
Who are the executives of Upsala Elder Housing Corporation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Upsala Elder Housing Corporation?
Upsala Elder Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Upsala Elder Housing Corporation
Upsala Elder Housing Corporation is dedicated to providing suitable living accommodations for elderly individuals who fall under the category of low-income earners. Their mission is twofold: firstly, to offer affordable housing to elderly individuals, and secondly, to cater specifically to this elderly demographic. The organization operates a 50-unit apartment building, serving as a home for qualified elderly individuals who meet the criteria for low income. This housing initiative aims to ensure that the elderly in need have a suitable living environment, enabling them to maintain their independence and dignity.
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Impact
July, 2024
Upsala Elder Housing Corporation provides a crucial service by offering low-income housing to elderly individuals in Worcester, Massachusetts. By operating a 50-unit apartment building specifically designed for qualified low-income seniors, this organization helps ensure that vulnerable members of the community have access to safe and affordable housing options. Through their focus on meeting the housing needs of the elderly, Upsala Elder Housing Corporation plays a significant role in supporting the well-being and security of seniors in the area.
This information is meant to be a general summary of Upsala Elder Housing 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 2023.
- Investment Income: $49
- Program Service Revenue: $229,243
- Gross Receipts: $574,637
Assets and Liabilities:
- Total Assets: $2,267,754
- Total Liabilities: $147,241
- Net Assets: $2,120,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANTS RENT PAYMENT
Revenue
$229,243
Organization Details
Founding Year
1993
Phone
(508) 792-1400Principal Officer
Elizabeth Sanning
Main Address
36 UPSALA STREET, WORCESTER, MA, 01601
NTEE Category
Code: L22Z - Housing
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