Overview
What is Old Saybrook Senior Housing Inc?
Old Saybrook Senior Housing Inc, located at 55 Sheffield Street, Old Saybrook, CT 06475, is a nonprofit organization that specializes in providing low-income housing for the elderly. With a mission to serve this specific demographic, the corporation owns and operates 36 units designed to accommodate their needs. This vital service not only provides a safe living space but also contributes to the overall well-being of the elderly community in the area. The organization operates under the name Saye Brooke Village East.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Old Saybrook Senior Housing Inc has received a 75% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score is derived entirely from a single beacon score, which emphasizes their financial practices and governance. The rating reflects a commendable commitment to maintaining independence and transparency, showcasing that all board members are independent.
The organization has excelled in various areas, achieving full points for having a majority of independent board members, an effective audit and oversight committee, and a robust conflict of interest policy. With a program expense ratio of 85.57%, the nonprofit demonstrates a strong focus on utilizing resources toward its mission, which is critical for stakeholder confidence.
However, while the score is respectable, it is important to note that the rating is solely based on financial metrics and accountability. There is no information provided on the effectiveness of their programs or their impact on the community, which could offer a more complete picture of their overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Old Saybrook Senior Housing Inc legitimate?
Old Saybrook Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Saybrook 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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Other Salaries and Wages: $114,140
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What is the mission statement of Old Saybrook Senior Housing Inc?
Old Saybrook Senior Housing Inc. is dedicated to providing and managing 36 units of affordable housing for the elderly with low incomes. Their primary mission is centered around this operation, aiming to offer a living space for this specific demographic. While the provided information does not elaborate on any additional goals or objectives, it is evident that the corporation prioritizes the well-being and housing needs of its elderly residents.
Who is the CEO of Old Saybrook Senior Housing Inc?
Lauren Blaha is the Director of Old Saybrook Senior Housing Inc.
What is the revenue of Old Saybrook Senior Housing Inc?
Old Saybrook Senior Housing Inc's revenue in 2023 was $642,713.
Who are the executives of Old Saybrook Senior Housing 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 Old Saybrook Senior Housing Inc?
Old Saybrook Senior Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Old Saybrook Senior Housing Inc
Old Saybrook Senior Housing Inc is a dedicated organization that plays a significant role in providing affordable housing for elderly individuals. Its mission is centered around owning and operating 36 units of low-income senior housing. This commitment to elderly care ensures that eligible seniors have access to suitable living accommodations, promoting their overall well-being and independence. By managing these units, Old Saybrook Senior Housing Inc contributes to the community by providing a safe and secure living environment for its residents, thereby enriching the lives of elderly individuals.
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Impact
July, 2024
Old Saybrook Senior Housing Inc provides essential housing for low-income elderly individuals in Old Saybrook, Connecticut. By owning and operating 36 units of affordable housing for seniors, the organization directly impacts the lives of elderly individuals who may struggle to find suitable and affordable housing options. This provision of housing helps to ensure that seniors in the community have a safe and comfortable place to call home, promoting their overall well-being and quality of life.
This information is meant to be a general summary of Old Saybrook 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 2023.
- Investment Income: $326
- Program Service Revenue: $642,387
- Gross Receipts: $642,713
Assets and Liabilities:
- Total Assets: $2,253,953
- Total Liabilities: $1,701,938
- Net Assets: $552,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$638,027
BOARD-INCOME
Revenue
$4,360
Organization Details
Founding Year
1979
Phone
(860) 355-5915Principal Officer
Lauren Blaha
Main Address
55 SHEFFEILD STREET, OLD SAYBROOK, CT, 06475
NTEE Category
Code: L22 - Housing
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