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Snhs Elderly Housing Iii Inc

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

EIN: 043342285 ✦ Manchester, NH ✦ Designated as a 501(c)(3)

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Overview

What is Snhs Elderly Housing Iii Inc?

Snhs Elderly Housing III Inc is a nonprofit organization committed to serving the housing needs of elderly individuals with limited income. Based on the provided information, their primary mission is to offer suitable living accommodations for this demographic. The organization operates with the goal of providing housing, ensuring that elderly people can maintain their independence and dignity within their community.


Official website here: www.snhs.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (66%)

Snhs Elderly Housing Iii Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in certain operational areas. With an overall score of 66%, the organization demonstrates strong financial management practices, particularly with a program expense ratio of 89.95%, suggesting a commitment to directing funds towards its mission rather than administrative costs. Additionally, the organization has robust policies in place regarding conflicts of interest, whistleblower protections, and document retention.

However, the organization faces significant challenges concerning governance. Notably, there are no independent board members, which raises concerns about oversight and accountability. This lack of independence may affect the board's ability to provide unbiased direction and oversight. Furthermore, the organization has not posted its tax form on its website, which is a transparency issue that could hinder public trust.

While Snhs Elderly Housing Iii Inc has strengths in its financial accountability and programmatic focus, the absence of independent oversight and transparency presents important areas that need to be addressed for overall improvement. Enhanced governance practices could significantly bolster the organization's credibility and effectiveness in serving the elderly population.


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

Is Snhs Elderly Housing Iii Inc legitimate?

Snhs Elderly Housing Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snhs Elderly Housing Iii 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: $92,839

For more financial information, click here


Official website here: www.snhs.org

What is the mission statement of Snhs Elderly Housing Iii Inc?

Snhs Elderly Housing III Inc's mission is centered around providing housing for elderly individuals who fall under the low-income category. The organization's primary objective is to offer suitable living accommodations for this demographic, thereby addressing their housing needs. The mission of Snhs Elderly Housing III Inc is to ensure that elderly people with financial constraints have access to decent housing. The organization carries out this mission through its housing program, dedicated to serving this specific group of individuals.


Official website here: www.snhs.org

Who is the CEO of Snhs Elderly Housing Iii Inc?

James Chaisson is the Chairman of Snhs Elderly Housing Iii Inc.


Official website here: www.snhs.org

What is the revenue of Snhs Elderly Housing Iii Inc?

Snhs Elderly Housing Iii Inc's revenue in 2023 was $491,089.


Official website here: www.snhs.org

Who are the executives of Snhs Elderly Housing Iii Inc and what are their salaries?

There 4 volunteers at Snhs Elderly Housing Iii Inc.


Here are 7 key members and their salaries:


Donnalee Lozeau (Chairman)
  • Compensation: $0
  • Related: $194,607
  • Other: $50,621
Ryan Clouthier (Vice Chairman)
  • Compensation: $0
  • Related: $138,549
  • Other: $37,952
James Chaisson (Treasurer)
  • Compensation: $0
  • Related: $165,830
  • Other: $45,914
Gregory Schneider (Secretary)
  • Compensation: $0
  • Related: $10,503
  • Other: $1,721
Regina Buteau (Trustee)
  • Compensation: $0
  • Related: $61,639
  • Other: $28,812
Cara Aliberti (Trustee)
  • Compensation: $0
  • Related: $84,809
  • Other: $25,558
Thomas Nelson (Trustee)
  • Compensation: $0
  • Related: $84,826
  • Other: $25,770


Official website here: www.snhs.org

Where can I find the form 990 for Snhs Elderly Housing Iii Inc?

Snhs Elderly Housing Iii Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.snhs.org

Learn more at the official website: www.snhs.org

Mission Statement of Snhs Elderly Housing Iii Inc

Snhs Elderly Housing III Inc, a nonprofit organization, is committed to providing housing for elderly individuals with low income. Its mission is centered around offering a living space for this specific demographic, aiming to alleviate housing-related challenges they may face. By offering housing through its program, Snhs Elderly Housing III Inc plays a significant role in ensuring the elderly have a secure and comfortable living environment.

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Impact




July, 2024

Snhs Elderly Housing Iii Inc provides essential housing for low-income elderly individuals, offering them a safe and affordable place to live. By fulfilling this critical need, the organization contributes to enhancing the quality of life for this demographic, ensuring they have a stable and secure living environment. This impact extends beyond just providing shelter, as it also helps to foster a sense of community and support among the elderly residents. Through its mission-driven work, Snhs Elderly Housing Iii Inc plays a vital role in addressing housing insecurity among the elderly population, ultimately promoting a better quality of life for those in need.




This information is meant to be a general summary of Snhs Elderly Housing Iii 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
$491,089 (2023)
Expenses
$538,265 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $25
  • Program Service Revenue: $289,560
  • Gross Receipts: $491,089

Assets and Liabilities:

  • Total Assets: $2,023,593
  • Total Liabilities: $3,610,798
  • Net Assets: -$1,587,205

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Programs

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

TENANT RENT

Revenue

$279,975

LAUNDRY & A/C

Revenue

$9,585

Organization Details

Founding Year

1996

Principal Officer

James Chaisson

Main Address

PO BOX 5040, MANCHESTER, NH, 03108

NTEE Category

Code: L220 - Housing

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