Overview
What is St Mary's Manor For Senior Citizen Housing Development Fund Co Inc?
St. Mary's Manor for Senior Citizen Housing Development Fund Co Inc is a not-for-profit organization situated in Hicksville, New York. Their primary mission is to offer affordable housing solutions for individuals and families with limited means, particularly in Inwood, New York, where suitable housing options are scarce. The organization operates and manages a Section 202 HUD multifamily project specifically designed for the elderly, upholding their commitment to providing affordable living spaces. With a team of four dedicated employees, St. Mary's Manor aims to enhance the quality of life for eligible low-income seniors by offering them a secure and affordable housing environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
St Mary's Manor For Senior Citizen Housing Development Fund Co Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The score, based solely on the Accountability & Finance beacon, indicates that the organization excels in its governance practices and financial management.
The charity boasts an impressive independent board, with 100% of its members being independent, and demonstrates robust oversight through its audit and oversight committee. Additionally, it has established comprehensive policies related to conflicts of interest, whistleblower protection, and document retention, all of which contribute to its strong governance framework.
Financially, St Mary's Manor is in a solid position, evidenced by a low liabilities to assets ratio of 7.98% and a program expense ratio of 86.03%. This indicates that a significant portion of its funds is dedicated to programmatic activities, ensuring that resources are effectively utilized to support its mission. Overall, the organization exhibits strengths in both fiscal responsibility and governance, with no significant limitations reported.
This AI summary has been generated from information found on Charity Navigator.
Is St Mary's Manor For Senior Citizen Housing Development Fund Co Inc legitimate?
St Mary's Manor For Senior Citizen Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mary's Manor For Senior Citizen Housing Development Fund Co Inc 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: $316,980
For more financial information, click here
What is the mission statement of St Mary's Manor For Senior Citizen Housing Development Fund Co Inc?
St. Mary's Manor for Senior Citizen Housing Development Fund Co Inc is committed to providing affordable housing. Operating on a not-for-profit basis, this organization owns and manages a Section 202 HUD multifamily project specifically designed for the elderly. The mission of St. Mary's Manor is to offer housing solutions for eligible low-income families and individuals who might otherwise struggle to secure adequate housing. By providing 150 units of affordable rental housing, the organization aims to make a significant impact in improving living conditions for those in need.
Who is the CEO of St Mary's Manor For Senior Citizen Housing Development Fund Co Inc?
Richard Balcom is the President of St Mary's Manor For Senior Citizen Housing Development Fund Co Inc.
What is the revenue of St Mary's Manor For Senior Citizen Housing Development Fund Co Inc?
St Mary's Manor For Senior Citizen Housing Development Fund Co Inc's revenue in 2023 was $3,984,907.
Who are the executives of St Mary's Manor For Senior Citizen Housing Development Fund Co Inc and what are their salaries?
The average compensation at St Mary's Manor For Senior Citizen Housing Development Fund Co Inc during 2023 was $79,245. There are 4 employees at St Mary's Manor For Senior Citizen Housing Development Fund Co Inc.
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Where can I find the form 990 for St Mary's Manor For Senior Citizen Housing Development Fund Co Inc?
St Mary's Manor For Senior Citizen Housing Development Fund Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Mary's Manor For Senior Citizen Housing Development Fund Co Inc
St. Mary's Manor for Senior Citizen Housing Development Fund Co. Inc is a dedicated nonprofit organization with a mission to provide affordable housing for eligible low-income families and individuals. Operating on a not-for-profit basis, this organization offers 150 units of affordable rental housing in Inwood, New York, a place where such housing options are scarce for those of limited means. The organization's primary goal is to cater to the housing needs of this specific demographic, ensuring they have access to suitable living spaces. By doing so, St. Mary's Manor for Senior Citizen Housing Development Fund Co. Inc contributes significantly to the community by providing a vital service, enabling individuals to maintain a decent standard of living.
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Impact
July, 2024
St Mary's Manor For Senior Citizen Housing Development Fund Co Inc's impact is significant in providing 150 units of affordable rental housing for persons of limited means in Inwood, New York, where adequate housing may not otherwise be available. This organization plays a crucial role in meeting the housing needs of low-income families and individuals by offering a safe and affordable living option in the community. Through its operations, St Mary's Manor contributes to improving the quality of life for senior citizens and individuals in need of housing support.
This information is meant to be a general summary of St Mary's Manor For Senior Citizen Housing Development Fund Co Inc. 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: $309,179
- Program Service Revenue: $3,626,953
- Gross Receipts: $3,984,907
Assets and Liabilities:
- Total Assets: $11,728,761
- Total Liabilities: $936,580
- Net Assets: $10,792,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY REVENUE
Revenue
$2,953,154
PROGRAM SERVICE REVENU
Revenue
$398,091
Organization Details
Founding Year
1983
Phone
(516) 733-7032Principal Officer
Richard Balcom
Main Address
90 CHERRY LANE, HICKSVILLE, NY, 118016232
NTEE Category
Code: L22 - Housing
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