Overview
What is St Monica's Elderly Housing Corporation?
St. Monica's Elderly Housing Corporation is a nonprofit organization situated in Hartford, Connecticut. Their primary mission is to cater to the housing needs of low-income elderly individuals, providing them with subsidized living facilities. Through their programs, they offer affordable housing options to the elderly population, ensuring they have a secure and comfortable living environment. The organization's activities are centered around this mission, making a significant impact on the elderly community in Hartford.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
St. Monica's Elderly Housing Corporation has received a commendable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization's overall score is derived entirely from its accountability metrics, highlighting a strong commitment to financial integrity and transparency.
One of the strengths of St. Monica's is its fully independent board, which consists of eight members, demonstrating a high level of governance. The organization also excels in financial oversight, as indicated by a perfect score in audit and oversight committee practices. Additionally, the program expense ratio is impressive at 92.76%, suggesting that the majority of its expenditures are directed towards its programs rather than administrative costs.
While the rating reflects strong financial health and governance practices, no specific limitations or areas for improvement were highlighted in the available data. Overall, St. Monica's Elderly Housing Corporation appears to be a well-managed entity focused on serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is St Monica's Elderly Housing Corporation legitimate?
St Monica's Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Monica's 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.
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What is the mission statement of St Monica's Elderly Housing Corporation?
St. Monica's Elderly Housing Corporation is committed to providing housing for low-income elderly individuals. They achieve this by offering subsidized housing facilities, ensuring affordable living options for the elderly population. The corporation's mission extends to supporting the elderly community, providing them with the necessary housing solutions in an effort to enhance their quality of life. Their programs are specifically designed to cater to the needs of the elderly population, offering them a secure and comfortable living environment.
Who is the CEO of St Monica's Elderly Housing Corporation?
Jeannette Walker is the President of St Monica's Elderly Housing Corporation.
What is the revenue of St Monica's Elderly Housing Corporation?
St Monica's Elderly Housing Corporation's revenue in 2023 was $526,570.
Who are the executives of St Monica's Elderly Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for St Monica's Elderly Housing Corporation?
St Monica's Elderly Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Monica's Elderly Housing Corporation
St. Monica's Elderly Housing Corporation is committed to providing housing solutions for low-income elderly individuals. This nonprofit organization offers subsidized housing as part of its mission, creating an environment tailored to the needs of the elderly population. By establishing affordable housing facilities, St. Monica's Elderly Housing Corporation seeks to make a significant impact on the lives of elderly persons, ensuring they have a secure and comfortable living space.
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Impact
July, 2024
St Monica's Elderly Housing Corporation provides essential housing opportunities for low-income elderly individuals in Hartford, CT. By offering subsidized housing and affordable facilities, this organization directly addresses the pressing need for suitable living accommodations among the elderly population. Their impact extends beyond simply providing shelter, as they contribute to the wellbeing and quality of life of elderly residents who may otherwise struggle to find suitable housing options. Through their focused mission and dedicated services, St Monica's Elderly Housing Corporation plays a crucial role in supporting and caring for elderly individuals in the community.
This information is meant to be a general summary of St Monica's 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 2023.
- Investment Income: $579
- Program Service Revenue: $525,991
- Gross Receipts: $526,570
Assets and Liabilities:
- Total Assets: $751,999
- Total Liabilities: $127,229
- Net Assets: $624,770
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$525,991
Organization Details
Founding Year
1993
Phone
(860) 251-6521Principal Officer
Jeannette Walker
Main Address
3545 MAIN STREET, HARTFORD, CT, 06120
NTEE Category
Code: L22 - Housing
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