Overview
What is La Casa Elderly Housing Inc C/O Fernando Betancourt?
La Casa Elderly Housing Inc C/O Fernando Betancourt is a nonprofit organization situated in Hartford, Connecticut, specifically at 1283A Main Street. The primary mission of this organization is to provide affordable housing for the elderly population who fall under Section 8 of the Housing and Urban Development Act. With a dedicated workforce of five individuals, La Casa Elderly Housing Inc strives to make housing accessible and affordable for low-income senior citizens in the community. Their activities are centered around this mission, ensuring that elderly individuals can live with dignity and security in their own homes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while La Casa Elderly Housing Inc demonstrates some strong practices in terms of governance and financial oversight, there are significant areas for improvement, particularly related to its financial health.
The organization boasts a fully independent board, which is a positive aspect reflecting its commitment to transparency and governance. It has a high program expense ratio of 90.47%, suggesting that a substantial portion of its expenditures directly supports its mission. Additionally, La Casa has received ideal scores for its audit and oversight committee, as well as for documenting board meeting minutes, indicating robust internal controls.
However, the organization has a concerning liabilities to assets ratio of 178.07%, which raises red flags about its financial stability. While it has a strong commitment to ethical governance, this financial strain may impact its long-term sustainability and ability to serve its community effectively. Overall, while La Casa Elderly Housing Inc exhibits commendable governance practices, addressing its financial challenges should be a priority for the organization moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is La Casa Elderly Housing Inc C/O Fernando Betancourt legitimate?
La Casa Elderly Housing Inc C/O Fernando Betancourt is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Casa Elderly Housing Inc C/O Fernando Betancourt 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: $121,783
For more financial information, click here
What is the mission statement of La Casa Elderly Housing Inc C/O Fernando Betancourt?
La Casa Elderly Housing Inc, as an organization, is dedicated to providing affordable housing solutions for the elderly population who fall under the low-income bracket. Their mission is clearly outlined in their activities and description, which emphasizes the provision of affordable housing. This is achieved through their compliance with Section 8 of the Housing and Urban Development Act. By offering affordable housing, they aim to contribute positively to the well-being and living conditions of this vulnerable group. Their efforts are aimed at ensuring that the elderly population has access to decent and affordable housing, thereby improving their overall quality of life.
Who is the CEO of La Casa Elderly Housing Inc C/O Fernando Betancourt?
Steven Alexandre is the Chairman of La Casa Elderly Housing Inc C/O Fernando Betancourt.
What is the revenue of La Casa Elderly Housing Inc C/O Fernando Betancourt?
La Casa Elderly Housing Inc C/O Fernando Betancourt's revenue in 2022 was $683,254.
Who are the executives of La Casa Elderly Housing Inc C/O Fernando Betancourt and what are their salaries?
The average compensation at La Casa Elderly Housing Inc C/O Fernando Betancourt during 2022 was $24,357. There are 5 employees at La Casa Elderly Housing Inc C/O Fernando Betancourt.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for La Casa Elderly Housing Inc C/O Fernando Betancourt?
La Casa Elderly Housing Inc C/O Fernando Betancourt's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of La Casa Elderly Housing Inc C/O Fernando Betancourt
La Casa Elderly Housing Inc C/O Fernando Betancourt is dedicated to providing affordable housing for the elderly population with low incomes. This nonprofit organization operates under Section 8 of the Housing and Urban Development Act, providing a vital service to those in need. Their mission is to ensure that the elderly have a secure and affordable living space, enabling them to maintain their independence and dignity. By providing affordable housing, La Casa Elderly Housing Inc C/O Fernando Betancourt contributes to the well-being of the elderly community, ensuring they have a stable home environment. The organization's provision of affordable housing is a crucial step in supporting the elderly population, enabling them to live with peace of mind and focus on their health and personal growth.
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Impact
July, 2024
La Casa Elderly Housing Inc, under the direction of Fernando Betancourt, has had a significant impact on providing affordable housing to low-income elderly individuals in Hartford, CT. Through their provision of affordable housing under Section 8 of the Housing and Urban Development Act, La Casa Elderly Housing Inc has positively impacted the lives of many elderly residents, ensuring they have a safe and comfortable place to call home. Their mission to provide affordable housing to this vulnerable population is critical in addressing housing needs and promoting the well-being of low-income elderly individuals in the community.
This information is meant to be a general summary of La Casa Elderly Housing Inc C/O Fernando Betancourt. 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: $215
- Program Service Revenue: $136,700
- Gross Receipts: $683,254
Assets and Liabilities:
- Total Assets: $1,175,251
- Total Liabilities: $2,092,784
- Net Assets: -$917,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTAL
Revenue
$116,045
PROGRAM RENTAL
Revenue
$18,000
PROGRAM INCOME
Revenue
$2,655
Organization Details
Founding Year
1986
Phone
(860) 522-2205Principal Officer
Steven Alexandre
Main Address
1283A MAIN STREET, HARTFORD, CT, 06103
NTEE Category
Code: L22 - Housing
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