Overview
What is Immanuel Church Housing Corporation?
Immanuel Church Housing Corporation is a dedicated nonprofit organization, situated in an unspecified location. Their primary mission is to provide affordable housing for the elderly community. They accomplish this by owning, operating, and managing a 190-unit apartment complex. This complex serves as a vital living space, catering to the elderly population in need. By self-managing their operations, they ensure a personalized and efficient service for their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% - Three-Star out of Four Star Rating
Immanuel Church Housing Corporation has received a commendable score of 86% from Charity Navigator, reflecting strong performance in accountability and finance. This score indicates that the organization is effectively managing its financial health, with an emphasis on independent governance and transparency, as evidenced by their 100% independent board members and the presence of a comprehensive conflict of interest policy.
The organization has demonstrated solid financial practices, including a low liabilities to assets ratio of 27.73%, which suggests good financial stability. Furthermore, Immanuel Church Housing Corporation allocates all of its expenses directly to programs, highlighting its commitment to its mission and effective use of funds for community benefit.
Despite these strengths, the score is derived solely from the accountability and finance beacon, meaning that other operational aspects may not be fully evaluated. Future assessments could benefit from a broader evaluation framework that includes effectiveness in program delivery and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Immanuel Church Housing Corporation legitimate?
Immanuel Church Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Immanuel Church 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: $175,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $857,090
For more financial information, click here
What is the mission statement of Immanuel Church Housing Corporation?
The Immanuel Church Housing Corporation is dedicated to providing low-income housing for the elderly. This non-profit organization manages a 190-unit apartment complex, overseeing its operation and maintenance to ensure it serves as a home for its elderly residents. The corporation's mission is centered around offering affordable housing solutions, contributing to the well-being and comfort of its elderly inhabitants.
Who is the CEO of Immanuel Church Housing Corporation?
Jeanne Murphy is the Executive Director of Immanuel Church Housing Corporation.
What is the revenue of Immanuel Church Housing Corporation?
Immanuel Church Housing Corporation's revenue in 2022 was $3,919,369.
Who are the executives of Immanuel Church Housing Corporation and what are their salaries?
The average compensation at Immanuel Church Housing Corporation during 2022 was $103,209. There are 10 employees at Immanuel Church Housing Corporation.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Immanuel Church Housing Corporation?
Immanuel Church Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Immanuel Church Housing Corporation
Immanuel Church Housing Corporation is dedicated to providing affordable housing solutions for the elderly community. This nonprofit organization owns, operates, and self-manages a 190-unit apartment complex that serves as a home for many elderly individuals. By offering this housing, Immanuel Church Housing Corporation plays a significant role in ensuring that the elderly population has access to safe and comfortable living spaces. The corporation's mission is centered around providing low-income housing for the elderly, offering them a place where they can live with dignity and independence.
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Impact
July, 2024
Immanuel Church Housing Corporation provides essential housing support for low-income elderly individuals in Hartford, CT. By owning, operating, and self-managing a 190-unit apartment complex, this organization plays a crucial role in addressing the housing needs of this vulnerable population. Their impact is seen in the tangible provision of safe and affordable housing options for elderly individuals who may otherwise struggle to secure suitable living arrangements. Through their dedicated mission, Immanuel Church Housing Corporation contributes to enhancing the quality of life and promoting the well-being of low-income seniors in the community.
This information is meant to be a general summary of Immanuel Church 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: $1,011
- Program Service Revenue: $1,367,046
- Gross Receipts: $3,919,369
Assets and Liabilities:
- Total Assets: $8,313,014
- Total Liabilities: $2,305,529
- Net Assets: $6,007,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$714,810
Assisted Living Income
Revenue
$454,108
Tenant Charges
Revenue
$198,128
Organization Details
Founding Year
1967
Principal Officer
Jeanne Murphy
Main Address
15 Woodland Street, Hartford, CT, 061052321
NTEE Category
Code: L21 - Housing
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