Overview
What is Elder Housing Corporation Inc?
Elder Housing Corporation Inc, based in Quincy, Massachusetts, is a nonprofit organization with a focus on providing housing and facilities for the elderly population within the city. With a modest workforce of 4 individuals, their mission is to enhance the living conditions and support systems for seniors in the area. This includes managing and maintaining housing facilities to cater to their unique needs, contributing to the well-being and comfort of the aging population in Quincy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Elder Housing Corporation Inc has received an 86% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. This score is derived solely from their accountability practices, indicating a well-managed organization. The charity demonstrates a commitment to transparency and financial integrity, with effective independent governance and no reported material diversion of assets.
Strengths highlighted in their evaluation include a fully independent board and exceptional financial oversight, underscored by a high program expense ratio of 90.14%. This suggests that a significant portion of their resources is directed toward fulfilling their mission, which is a positive indicator for potential donors and supporters.
While the organization has scored well in various financial metrics, continued monitoring of their performance and impact would be beneficial for stakeholders. Overall, Elder Housing Corporation Inc appears to be a reliable choice for donations with a strong commitment to ethical management and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Elder Housing Corporation Inc legitimate?
Elder Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elder Housing Corporation 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: $85,529
For more financial information, click here
What is the mission statement of Elder Housing Corporation Inc?
Elder Housing Corporation Inc's mission is centered around providing housing and facilities, specifically catering to the elderly and senior population. Their primary goal is to enhance the living conditions for this demographic, ensuring they have access to suitable accommodations. The corporation aims to contribute positively to the well-being and comfort of the senior population, providing them with a secure and suitable living environment. Their services may include assistance with daily needs, community engagement opportunities, and a supportive living environment, all tailored to the specific needs of the elderly population.
Who is the CEO of Elder Housing Corporation Inc?
Helen Murphy is the Clerk of Elder Housing Corporation Inc.
What is the revenue of Elder Housing Corporation Inc?
Elder Housing Corporation Inc's revenue in 2022 was $2,099,311.
Who are the executives of Elder Housing Corporation Inc and what are their salaries?
The average compensation at Elder Housing Corporation Inc during 2022 was $21,382. There are 4 employees at Elder Housing Corporation Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Elder Housing Corporation Inc?
Elder Housing Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elder Housing Corporation Inc
Elder Housing Corporation Inc, a nonprofit organization, is dedicated to providing housing and facilities for the elderly and senior population. Their mission is centered around ensuring the comfort and security of this demographic, offering them a suitable living environment in an unspecified location. By providing housing and facilities, Elder Housing Corporation Inc aims to enhance the quality of life for the aging population, offering them a place where they can reside with dignity and independence.
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Impact
July, 2024
Elder Housing Corporation Inc's impact is focused on providing housing and facilities for the aging and senior population in the city of Quincy, Massachusetts. By offering these essential services, the organization plays a crucial role in supporting the well-being and quality of life of elderly residents in the community. Through its mission-driven activities, Elder Housing Corporation Inc contributes to addressing the housing needs of seniors, enabling them to age with dignity and access the necessary support services.
This information is meant to be a general summary of Elder Housing Corporation 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 2022.
- Investment Income: $5,328
- Program Service Revenue: $2,093,983
- Gross Receipts: $2,099,311
Assets and Liabilities:
- Total Assets: $12,103,185
- Total Liabilities: $215,156
- Net Assets: $11,888,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EQUITY INVESTMENT IN S
Revenue
$1,444,958
ELDERLY HOUSING RENTAL
Revenue
$649,025
Organization Details
Founding Year
1998
Phone
(617) 328-8384Principal Officer
Helen Murphy
Main Address
83 SARATOGA STREET, QUINCY, MA, 02171
NTEE Category
Code: L22 - Housing
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