Overview
What is Elder Care One Inc?
Elder Care One Inc, located in Bristol, Rhode Island, is a nonprofit organization that primarily focuses on providing affordable housing for the elderly. Based on the data provided, they manage 49 units under Section 202 of the National Housing Act, catering to low-income elderly individuals. Their mission aligns with the U.S. Department of Housing and Urban Development (HUD) by offering housing solutions for those with limited income. The organization's primary activity is dedicated to ensuring the elderly have a suitable living environment.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
Elder Care One Inc has earned a respectable rating of 88%, reflecting strong performance in accountability and finance. The organization's score is derived entirely from its accountability metrics, where it excels particularly in having a fully independent board and a solid financial oversight framework. The absence of material asset diversion is a positive indicator of their financial stewardship.
However, there are notable areas for improvement. The organization lacks a whistleblower policy and has not provided a document retention and destruction policy, which detracts from its overall accountability. Furthermore, the nonprofit has not posted its tax form on its website, which limits transparency for potential donors and stakeholders.
Overall, while Elder Care One Inc demonstrates commendable financial practices and governance, addressing its policy gaps could further enhance its credibility and operational effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Elder Care One Inc legitimate?
Elder Care One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elder Care One 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.
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Official website here: www.none
What is the mission statement of Elder Care One Inc?
Elder Care One Inc's mission is centered around providing affordable housing solutions. Specifically, the organization focuses on offering housing options for low and moderate income elderly individuals, following the guidelines set by the HUD Section 202 of the National Housing Act. This results in the provision of 49 units of suitable housing for qualifying elderly persons, aiming to ensure they have a comfortable living space.
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Who is the CEO of Elder Care One Inc?
Diane Mederos is the Vice President of Elder Care One Inc.
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What is the revenue of Elder Care One Inc?
Elder Care One Inc's revenue in 2023 was $631,233.
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Who are the executives of Elder Care One Inc and what are their salaries?
There 10 volunteers at Elder Care One Inc.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Elder Care One Inc
Elder Care One Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for elderly individuals with low and moderate incomes. They operate under the HUD Section 202, a national act aimed at facilitating such housing opportunities. The mission of Elder Care One Inc is to house qualifying elderly persons, ensuring they have a secure living space that caters to their needs. With 49 units available, this nonprofit is committed to making a difference in the lives of the elderly population, providing them with a suitable living environment.
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Impact
July, 2024
Elder Care One Inc provides vital affordable housing for qualifying elderly persons in Bristol, Rhode Island. Their impact is evident in the provision of 49 units of low-income housing under Section 202 of the National Housing Act. This organization plays a crucial role in ensuring that low and moderate-income elderly individuals have access to safe and affordable housing, thereby contributing to their overall well-being and quality of life.
This information is meant to be a general summary of Elder Care One 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 2023.
- Investment Income: $11,495
- Program Service Revenue: $610,466
- Gross Receipts: $631,233
Assets and Liabilities:
- Total Assets: $1,699,800
- Total Liabilities: $88,526
- Net Assets: $1,611,274
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL SUBSIDIES
Revenue
$357,614
TENANT RENTS
Revenue
$252,852
Organization Details
Founding Year
1992
Phone
(401) 253-2080Principal Officer
Diane Mederos
Main Address
150 FRANKLIN STREET, BRISTOL, RI, 02809
Website
www.noneNTEE Category
Code: L22 - Housing
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