Overview
What is Davenport Residence Inc C/O Elderly Housing Management Inc?
Davenport Residence Inc, under the umbrella of Elderly Housing Management Inc, is a nonprofit organization situated at 127 Washington Avenue, 5th FL East, North Haven, Connecticut 06473. Their primary mission is to provide elderly families and individuals with suitable housing and related facilities and services specifically tailored to cater to their physical, social, and psychological needs. The organization, with 343 units across two rental apartment buildings, aims to contribute to the health, security, happiness, and overall usefulness of the elderly population in their longer living. Specifically, they offer rental housing that is designed to meet the unique needs of the elderly, promoting their well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Davenport Residence Inc C/O Elderly Housing Management Inc has received a score of 75%, indicating a solid level of accountability and financial health. The organization boasts a fully independent board, with 100% of its members not affiliated with the organization, which is a significant strength in terms of governance and transparency.
The charity excels in financial oversight, having received full points in areas such as its Audit and Oversight Committee and a strong program expense ratio of 85.15%. This suggests that a substantial portion of its funds is directed toward its programs rather than administrative costs, reflecting a commitment to its mission.
However, while the overall rating is commendable, a score of 75% leaves room for improvement. Stakeholders may want to look for further enhancements in areas like fundraising efficiency or outreach effectiveness to strengthen the organization’s impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Davenport Residence Inc C/O Elderly Housing Management Inc legitimate?
Davenport Residence Inc C/O Elderly Housing Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davenport Residence Inc C/O Elderly Housing Management 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: $563,377
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What is the mission statement of Davenport Residence Inc C/O Elderly Housing Management Inc?
Davenport Residence Inc C/O Elderly Housing Management Inc is dedicated to providing for the needs of elderly families and individuals, offering rental housing and related facilities and services specifically designed to cater to their physical, social, and psychological needs. This organization aims to contribute to their health, security, happiness, and overall usefulness in longer living. Their mission is to offer a home that fosters their well-being, promoting a sense of security and happiness, thereby enhancing their quality of life in their later years.
Who is the CEO of Davenport Residence Inc C/O Elderly Housing Management Inc?
Michael Wolak is the President of Davenport Residence Inc C/O Elderly Housing Management Inc.
What is the revenue of Davenport Residence Inc C/O Elderly Housing Management Inc?
Davenport Residence Inc C/O Elderly Housing Management Inc's revenue in 2023 was $3,682,837.
Who are the executives of Davenport Residence Inc C/O Elderly Housing Management Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Davenport Residence Inc C/O Elderly Housing Management Inc?
Davenport Residence Inc C/O Elderly Housing Management Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Davenport Residence Inc C/O Elderly Housing Management Inc
Davenport Residence Inc C/O Elderly Housing Management Inc is committed to serving the needs of elderly families and individuals. Their mission is to provide rental housing and related facilities and services specifically designed to cater to the physical, social, and psychological needs of the elderly. This organization strives to contribute to the health, security, happiness, and usefulness of the elderly, allowing them to live in longer living conditions with dignity and comfort. By offering such accommodations, Davenport Residence Inc C/O Elderly Housing Management Inc plays a vital role in supporting and enhancing the quality of life for elderly individuals. With a focus on elderly and low-income housing, the organization provides housing to 343 units across two rental apartment buildings.
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Impact
July, 2024
Davenport Residence Inc, managed by Elderly Housing Management Inc, has a significant impact on the community by providing essential housing facilities and services tailored to the needs of elderly families and individuals. With a focus on promoting the health, security, happiness, and overall well-being of the aged population, this organization offers 343 units in two rental apartment buildings in North Haven, CT. Through their mission to support elderly families and individuals with low-income housing solutions, Davenport Residence Inc positively contributes to the quality of life and longevity of its residents.
This information is meant to be a general summary of Davenport Residence Inc C/O Elderly Housing Management 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: $16,546
- Program Service Revenue: $1,997,680
- Gross Receipts: $4,023,190
Assets and Liabilities:
- Total Assets: $15,488,745
- Total Liabilities: $13,476,163
- Net Assets: $2,012,582
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,997,680
Organization Details
Founding Year
1966
Phone
(203) 230-4809Principal Officer
Michael Wolak
Main Address
127 WASHINGTON AVENUE 5TH FL EAST, NORTH HAVEN, CT, 06473
NTEE Category
Code: L22 - Housing
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