Overview
What is Noble Senior Housing Inc?
Noble Senior Housing Inc, with the Doing Business As Name of Southwind Village, is a nonprofit organization situated in Grapevine, Texas. Their main focus is on providing affordable housing opportunities to individuals who are 62 years or older and have an income lower than the area median income set by the Department of Housing and Urban Development. This nonprofit is dedicated to making a significant impact on the community by offering housing solutions that cater to the needs of the elderly population, ensuring that they can maintain a dignified and comfortable living situation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Noble Senior Housing Inc has been rated at 79%, which translates to a Three-Star rating on Charity Navigator. This score reflects the organization’s commitment to accountability and finance, demonstrating a strong adherence to governance practices, with a perfect score for having an independent board and a robust conflict of interest policy. Notably, the charity has also established effective document retention and destruction policies.
The organization shows a commendable program expense ratio of 96.73%, indicating that a significant portion of its expenses is directed towards its programs rather than administrative costs. This aspect highlights Noble Senior Housing Inc's dedication to its mission of providing housing for seniors. However, it is important to note the concerning liabilities to assets ratio of 156.63%, which raises questions about the organization's financial stability.
Overall, while Noble Senior Housing Inc exhibits strong governance practices and a focus on program spending, the high liabilities to assets ratio could pose challenges for its financial health in the long term. Stakeholders should consider these factors when evaluating the organization's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Noble Senior Housing Inc legitimate?
Noble Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Noble Senior Housing 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $39,536
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What is the mission statement of Noble Senior Housing Inc?
Noble Senior Housing Inc's mission is centered around providing affordable housing opportunities. The organization specifically targets low-income individuals and those who are 62 years old or above. Their income should fall below the median income level as defined by the Department of Housing and Urban Development in their respective areas. In essence, Noble Senior Housing Inc aims to make housing accessible to a segment of the population who might otherwise struggle with affordability.
Who is the CEO of Noble Senior Housing Inc?
Micahel A Stevenson is the Director of Noble Senior Housing Inc.
What is the revenue of Noble Senior Housing Inc?
Noble Senior Housing Inc's revenue in 2022 was $193,055.
Who are the executives of Noble Senior Housing Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Noble Senior Housing Inc?
Noble Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Noble Senior Housing Inc
Noble Senior Housing Inc, as a mission-driven organization, is dedicated to providing affordable housing solutions for individuals who are 62 years old or older and fall below the area median income level, as set by the Department of Housing and Urban Development. This nonprofit organization's primary objective is to ensure that elderly individuals with limited financial resources can secure a decent living space, thereby promoting their overall well-being and independence. By offering affordable housing, Noble Senior Housing Inc plays a vital role in fostering a sense of community and security among its residents, enabling them to live with dignity and peace of mind.
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Impact
October, 2024
Noble Senior Housing Inc significantly impacts the community by providing affordable housing options to low-income individuals aged 62 and older. This initiative addresses a critical need for this demographic, who often face financial constraints that make it challenging to secure safe and stable living conditions. By catering to those earning less than the area median income established by the Department of Housing and Urban Development, Noble Senior Housing Inc helps to alleviate the housing burden on seniors in Grapevine, TX.
The organization's efforts contribute to improving the overall quality of life for its residents, fostering a sense of community, and ensuring that older adults have access to a dignified living environment. This not only supports the well-being of individual seniors but also enhances neighborhood stability and cohesion. By prioritizing affordable housing, Noble Senior Housing Inc plays a vital role in enabling seniors to age in place, promoting independence, and enriching the lives of vulnerable populations.
This information is meant to be a general summary of Noble Senior Housing 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: $696
- Program Service Revenue: $191,472
- Gross Receipts: $193,055
Assets and Liabilities:
- Total Assets: $1,172,000
- Total Liabilities: $1,775,518
- Net Assets: -$603,518
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rents
Revenue
$92,000
Section 8 Subsidies
Revenue
$99,472
Organization Details
Founding Year
2003
Phone
(817) 488-2077Principal Officer
Micahel A Stevenson
Main Address
920 S Main Street APT 200, Grapevine, TX, 76051
NTEE Category
Code: L22 - Housing
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