Overview
What is Allegria Court Inc?
Allegria Court Inc is a nonprofit organization located in Providence, Rhode Island, specifically at 861A Broad Street, 02907. Its primary mission is to provide affordable housing options for the elderly and disabled residents in the Johnston, RI area, adhering to Section 202 of the National Affordable Housing Act. They own and manage a 52-unit apartment complex to fulfill this purpose, contributing to the local community by providing essential housing solutions to those in need.
Official website here: www.wdchoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Allegria Court Inc has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board of directors, highlighting its commitment to governance best practices. With a strong program expense ratio of 85.19%, the charity demonstrates effective allocation of funds towards its mission.
The charity has excelled in various accountability measures, such as having no material diversion of assets and maintaining comprehensive financial statements audited by an independent party. Additionally, policies related to conflict of interest, whistleblower protections, and document retention are all in place, which underlines a high level of transparency and ethical management.
While the rating reflects a strong operational foundation, it is essential for potential donors to consider ongoing performance and impact reports to fully evaluate the effectiveness of the organization's programs. Overall, Allegria Court Inc appears to be responsibly managed and dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Allegria Court Inc legitimate?
Allegria Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allegria Court 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: $128,858
For more financial information, click here
Official website here: www.wdchoc.org
What is the mission statement of Allegria Court Inc?
Allegria Court Inc's mission is centered around providing affordable housing for senior citizens and individuals with disabilities. This is carried out in compliance with Section 202 of the National Affordable Housing Act. The organization's primary goal is to offer low-income housing solutions within their operations, aiming to serve the elderly and disabled community effectively. They own and manage a 52-unit apartment complex, providing a residential space that caters to their designated demographic.
Official website here: www.wdchoc.org
Who is the CEO of Allegria Court Inc?
Frank Shea is the Chair of Allegria Court Inc.
Official website here: www.wdchoc.org
What is the revenue of Allegria Court Inc?
Allegria Court Inc's revenue in 2021 was $465,609.
Official website here: www.wdchoc.org
Who are the executives of Allegria Court Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.wdchoc.org
Where can I find the form 990 for Allegria Court Inc?
Allegria Court Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.wdchoc.org
Learn more at the official website: www.wdchoc.org
Mission Statement of Allegria Court Inc
Allegria Court Inc, a nonprofit organization, is committed to providing affordable housing for senior citizens and individuals with disabilities. In line with Section 202 of the National Affordable Housing Act, this organization strives to make low-income housing accessible to this particular demographic. By owning and managing a 52-unit apartment complex, Allegria Court Inc works diligently to ensure that the elderly and disabled community in its area have a secure and comfortable living space. The mission of Allegria Court Inc is to create an inclusive and supportive living environment that caters to the unique needs of its residents.
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Impact
July, 2024
Allegria Court Inc's impact can be seen in the provision of affordable housing in Johnston, Rhode Island for senior citizens and the disabled under Section 202 of the National Affordable Housing Act. By owning and operating a 52-unit apartment complex, Allegria Court Inc helps fulfill the crucial need for low-income housing among the elderly and disabled population in the Johnston area. This organization plays a vital role in ensuring that this vulnerable demographic has access to safe and affordable housing options, thereby enhancing their quality of life and promoting community well-being.
This information is meant to be a general summary of Allegria Court 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 2021.
- Investment Income: $181
- Program Service Revenue: $192,259
- Gross Receipts: $465,609
Assets and Liabilities:
- Total Assets: $3,127,236
- Total Liabilities: $5,188,684
- Net Assets: -$2,061,448
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$188,302
LAUNDRY REVENUE
Revenue
$3,957
Organization Details
Founding Year
2000
Phone
(401) 941-2900Principal Officer
Frank Shea
Main Address
861A BROAD STREET, PROVIDENCE, RI, 02907
Website
www.wdchoc.orgNTEE Category
Code: L21 - Housing
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