Overview
What is Farmington Ecumenical Elderly Housing Corporation?
Farmington Ecumenical Elderly Housing Corporation is a nonprofit organization situated in Unionville, Connecticut. Their primary mission is to offer affordable, low-income housing for the elderly community. With an address at 300 Plainville Avenue, the corporation operates a housing project called Westerleigh, which comprises 40 units specifically designed for elderly residents. The corporation's activities are centered around providing subsidized housing for this demographic, aiming to address the housing needs of the elderly population in the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Farmington Ecumenical Elderly Housing Corporation has achieved a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance. The overall score is derived entirely from its performance in the Accountability & Finance category, where it scored 80%. This indicates a strong foundation in financial transparency and governance practices, essential for building donor trust and ensuring effective use of resources.
A notable strength of this organization is its independent board structure, with 100% of board members being independent, which enhances objectivity in decision-making. Additionally, the charity has demonstrated robust fiscal oversight, evident in its high program expense ratio of 88.01%, indicating that a significant portion of its expenditures goes directly towards its mission. The absence of material diversion of assets and the presence of a clear conflict of interest policy are further indicators of responsible financial management.
However, there is room for improvement regarding its liabilities to assets ratio, which stands at 62.73%. This figure suggests potential financial vulnerability that could be a point of concern for stakeholders. Overall, the organization shows commendable financial practices but should address its liabilities to strengthen its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Farmington Ecumenical Elderly Housing Corporation legitimate?
Farmington Ecumenical Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmington Ecumenical Elderly 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,550
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What is the mission statement of Farmington Ecumenical Elderly Housing Corporation?
The Farmington Ecumenical Elderly Housing Corporation is committed to providing low-income elderly housing. Their mission is to offer subsidized housing units for the elderly, ensuring they have a place to live with financial assistance. This organization strives to make housing accessible and affordable for this specific demographic, contributing to their well-being and quality of life.
Who is the CEO of Farmington Ecumenical Elderly Housing Corporation?
Donna Rich is the President of Farmington Ecumenical Elderly Housing Corporation.
What is the revenue of Farmington Ecumenical Elderly Housing Corporation?
Farmington Ecumenical Elderly Housing Corporation's revenue in 2022 was $938,103.
Who are the executives of Farmington Ecumenical Elderly Housing Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Farmington Ecumenical Elderly Housing Corporation?
Farmington Ecumenical Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmington Ecumenical Elderly Housing Corporation
Farmington Ecumenical Elderly Housing Corporation is dedicated to providing affordable housing solutions for the elderly who are income-restricted. Their mission, in simpler terms, involves offering subsidized housing units specifically designed for this demographic. This nonprofit organization strives to create a living environment that caters to the needs of the elderly, ensuring they can live comfortably and with dignity. In doing so, Farmington Ecumenical Elderly Housing Corporation plays a crucial role in promoting the well-being and independence of the elderly population.
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Impact
July, 2024
Farmington Ecumenical Elderly Housing Corporation's impact is evident in the provision of low-income elderly housing in Unionville, CT. Through its Westerleigh 1 facility, which comprises 40 units of subsidized housing, the organization fulfills its mission of offering affordable housing options to elderly individuals in need. This impact directly contributes to addressing the housing challenges faced by low-income elderly residents in the community.
This information is meant to be a general summary of Farmington Ecumenical Elderly 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: $157
- Program Service Revenue: $937,946
- Gross Receipts: $938,103
Assets and Liabilities:
- Total Assets: $2,584,351
- Total Liabilities: $1,643,332
- Net Assets: $941,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$911,432
SERVICE COORDINATOR
Revenue
$26,514
Organization Details
Founding Year
1980
Phone
(860) 673-8616Principal Officer
Donna Rich
Main Address
300 PLAINVILLE AVENUE, UNIONVILLE, CT, 060851467
NTEE Category
Code: L22 - Housing
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