Overview
What is Rowayton Senior Housing Corporation?
Rowayton Senior Housing Corporation is a nonprofit organization situated in Rowayton, Connecticut. Its primary mission is to offer affordable housing solutions for the elderly and eligible occupants. The corporation achieves this mission by managing and operating a 24-unit apartment complex named Hill Top Homes. This residential complex serves as a safe and comfortable living space for its residents, ensuring they have access to essential amenities within the community.
Official website here: www.hilltophomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (73%)
Rowayton Senior Housing Corporation has received a Two-Star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. With an overall score of 73%, the nonprofit demonstrates strong accountability and finance practices, particularly excelling in areas such as independent board member composition and financial auditing. However, the organization faces challenges regarding its policies on conflict of interest and whistleblower protections, which are currently missing.
The board is composed entirely of independent members, showcasing a commitment to unbiased governance. Additionally, the organization has achieved high marks for its program expense ratio, indicating that a significant portion of its budget is directed toward its programs. However, the liabilities to assets ratio is concerning at 87.11%, which may raise questions about the financial stability of the organization in the long term.
Overall, while Rowayton Senior Housing Corporation shows strengths in governance and financial accountability, it must address its policy gaps and financial liabilities to enhance its operational effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Rowayton Senior Housing Corporation legitimate?
Rowayton Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rowayton Senior Housing Corporation 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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For more financial information, click here
Official website here: www.hilltophomes.org
What is the mission statement of Rowayton Senior Housing Corporation?
The Rowayton Senior Housing Corporation's mission is centered around providing housing solutions. Specifically, they aim to cater to the elderly and eligible occupants by managing an apartment complex, referred to as Hill Top Homes, which comprises 24 units. The organization's primary objective is to ensure the availability of affordable housing for this demographic.
Official website here: www.hilltophomes.org
Who is the CEO of Rowayton Senior Housing Corporation?
James Frayer is the President of Rowayton Senior Housing Corporation.
Official website here: www.hilltophomes.org
What is the revenue of Rowayton Senior Housing Corporation?
Rowayton Senior Housing Corporation's revenue in 2022 was $569,621.
Official website here: www.hilltophomes.org
Who are the executives of Rowayton Senior Housing Corporation and what are their salaries?
There 8 volunteers at Rowayton Senior Housing Corporation.
Here are 8 key members and their salaries:
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Official website here: www.hilltophomes.org
Where can I find the form 990 for Rowayton Senior Housing Corporation?
Rowayton Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hilltophomes.org
Learn more at the official website: www.hilltophomes.org
Mission Statement of Rowayton Senior Housing Corporation
Rowayton Senior Housing Corporation is committed to providing housing for the elderly and other eligible occupants. This mission is carried out through the operation of an apartment complex, known as Hill Top Homes, which consists of 24 units. The corporation's primary goal is to offer suitable living spaces for this specific demographic, thereby contributing to their well-being and overall quality of life. The organization's focus on affordable housing ensures that elderly individuals are not burdened by exorbitant housing costs, allowing them to allocate their resources towards other essential needs.
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Impact
July, 2024
Rowayton Senior Housing Corporation directly addresses the critical need for affordable housing for the elderly in Rowayton, Connecticut. By owning and operating a 24-unit low-income elderly housing project known as Hill Top Homes, this organization provides a safe and affordable living space for elderly individuals in the community. Their impact can be seen in the improved quality of life for these residents who may otherwise struggle to find suitable housing options. Additionally, Rowayton Senior Housing Corporation contributes to the overall well-being and stability of the elderly population by ensuring they have access to a supportive living environment.
This information is meant to be a general summary of Rowayton Senior Housing Corporation. 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: $6,084
- Program Service Revenue: $560,634
- Gross Receipts: $569,621
Assets and Liabilities:
- Total Assets: $2,436,680
- Total Liabilities: $2,151,031
- Net Assets: $285,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$560,634
Organization Details
Founding Year
1975
Phone
(203) 866-8447Principal Officer
James Frayer
Main Address
212 ROWAYTON AVENUE, ROWAYTON, CT, 06853
Website
www.hilltophomes.orgNTEE Category
Code: L22 - Housing
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