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Senior Citizens Housing Dev Corporation Of Stonington

Stonington Arms

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061353568 ✦ Plantation, FL ✦ Designated as a 501(c)(3)

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Overview

What is Senior Citizens Housing Dev Corporation Of Stonington?

Senior Citizens Housing Development Corporation of Stonington is a nonprofit organization, operating under the name Stonington Arms, situated in Plantation, Florida. Their primary mission is to provide affordable housing for the elderly and individuals with disabilities, overseen and supported by the Department of Housing and Urban Development (HUD). They employ a team of four individuals in their operations. The corporation's main focus is on managing low-income housing, ensuring that elderly and handicapped individuals have access to safe and reliable housing options.


Official website here: www.ehdoc.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 76%, Three-Star out of Four Star rating.

Senior Citizens Housing Development Corporation of Stonington has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and financial practices. The organization's strengths include a high percentage of independent board members and a strong audit oversight committee, indicating effective governance. Additionally, the charity shows a favorable liabilities to assets ratio, highlighting financial stability.

However, there are notable limitations in the organization's policies, as it lacks a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These absences could raise concerns regarding governance transparency and risk management. Furthermore, the organization has not posted its tax form on its website, which is a missed opportunity for enhancing public accountability.

Overall, while Senior Citizens Housing Development Corporation of Stonington demonstrates a commitment to responsible financial practices, improvements in governance policies could enhance its overall effectiveness and transparency.


This AI summary has been generated from information found on Charity Navigator.

Is Senior Citizens Housing Dev Corporation Of Stonington legitimate?

Senior Citizens Housing Dev Corporation Of Stonington is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Citizens Housing Dev Corporation Of Stonington 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: $183,382

For more financial information, click here


Official website here: www.ehdoc.org

What is the mission statement of Senior Citizens Housing Dev Corporation Of Stonington?

The Senior Citizens Housing Dev Corporation of Stonington's primary mission is centered around the operation of affordable housing units for the elderly and individuals with disabilities. This mission is overseen and supported by the Department of Housing and Urban Development (HUD). The corporation's main objective is to provide a living space for these groups, ensuring they have access to suitable and regulated housing options. By doing so, they contribute to fostering a sense of community and security for these individuals, enabling them to live with dignity and independence.


Official website here: www.ehdoc.org

Who is the CEO of Senior Citizens Housing Dev Corporation Of Stonington?

Unavailable


Official website here: www.ehdoc.org

What is the revenue of Senior Citizens Housing Dev Corporation Of Stonington?

Senior Citizens Housing Dev Corporation Of Stonington's revenue in 2022 was $911,599.


Official website here: www.ehdoc.org

Who are the executives of Senior Citizens Housing Dev Corporation Of Stonington and what are their salaries?

The average compensation at Senior Citizens Housing Dev Corporation Of Stonington during 2022 was $45,846. There are 4 employees at Senior Citizens Housing Dev Corporation Of Stonington.


Here are 7 key members and their salaries:


Melanie Ribeiro (Director/Vp)
  • Compensation: $0
  • Related: $346,895
  • Other: $110,937
John Olsen (Vp/Director)
  • Compensation: $0
  • Related: $26,541
  • Other: $4,777
Christopher Shelton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erica Schmelzer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Cordone (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rj Connelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ehdoc.org

Where can I find the form 990 for Senior Citizens Housing Dev Corporation Of Stonington?

Senior Citizens Housing Dev Corporation Of Stonington's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ehdoc.org

Learn more at the official website: www.ehdoc.org

Mission Statement of Senior Citizens Housing Dev Corporation Of Stonington

Senior Citizens Housing Development Corporation of Stonington is dedicated to providing housing solutions for the elderly and handicapped individuals who fall under the low-income bracket. This nonprofit organization is closely regulated and assisted by the Department of Housing and Urban Development (HUD). Their mission is centered around operating and managing these housing facilities, ensuring that they can provide a safe and comfortable living environment for their residents. By doing so, they contribute significantly to supporting those who may be facing challenges due to their age or disability, enabling them to maintain their independence and quality of life.

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Impact




July, 2024

Senior Citizens Housing Dev Corporation Of Stonington plays a crucial role in providing affordable housing options for low-income elderly and handicapped individuals, ensuring they have a safe and comfortable place to call home. By operating under the regulations and assistance of the Department of Housing and Urban Development (HUD), the organization contributes directly to addressing the housing needs of vulnerable populations. Through its focused mission, Senior Citizens Housing Dev Corporation Of Stonington positively impacts the lives of those it serves by offering a supportive environment that promotes independence and dignity.




This information is meant to be a general summary of Senior Citizens Housing Dev Corporation Of Stonington. 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.

Revenue
$911,599 (2022)
Expenses
$1,098,206 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $868
  • Program Service Revenue: $910,440
  • Gross Receipts: $911,599

Assets and Liabilities:

  • Total Assets: $3,007,544
  • Total Liabilities: $159,955
  • Net Assets: $2,847,589

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT ASSISTANCE PAYMENTS

Revenue

$509,409

TENANT RENT

Revenue

$401,031

Organization Details

Founding Year

1993

Main Address

1200 S PINE ISLAND ROAD STE 725, PLANTATION, FL, 33324

NTEE Category

Code: L22 - Housing

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