Overview
What is Aquinas Housing Corporation?
Aquinas Housing Corporation is a nonprofit organization situated in the Bronx, New York, with a mission to serve and provide housing to low-income residents in the South Bronx area. Established in 1987, they offer a wide array of senior services to enhance the quality of life for senior citizens within their community. The organization sponsors two HUD senior citizen properties, but their programming is open to the entire community. The Aquinas Housing Senior Service Program aims to equip families and individual seniors with resources for an independent lifestyle, ensuring their physical, psychological, and social well-being. Social, cultural, and recreational activities, medical workshops, and seminars on various topics are held to cater to the needs of the senior citizenry in East Tremont and West Farms. The program is dedicated to improving the highest possible quality of life for seniors in both physical and mental aspects.
Official website here: www.aquinashousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Aquinas Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. With a 73% score, the organization shows strengths in areas such as board independence and oversight, with a majority of independent board members and a robust audit and oversight committee. Their program expense ratio is particularly strong at 90.68%, suggesting they allocate a significant portion of their expenses directly to their programs.
However, the organization has notable limitations that impact its overall rating. The absence of a whistleblower policy and documented retention and destruction practices reflects gaps in governance. Additionally, the high liabilities to assets ratio at 79.27% raises concerns about the financial stability of the organization, indicating potential risks in managing its assets against its obligations.
While Aquinas Housing Corporation demonstrates effective program spending and board oversight, the lack of certain policies and a concerning liabilities ratio suggest areas needing improvement to enhance its accountability and financial health further.
This AI summary has been generated from information found on Charity Navigator.
Is Aquinas Housing Corporation legitimate?
Aquinas Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aquinas 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: $304,147
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,769
For more financial information, click here
Official website here: www.aquinashousing.org
What is the mission statement of Aquinas Housing Corporation?
Aquinas Housing Corporation's mission is centered around providing quality housing and social services to low and moderate-income families in an unspecified location. Their primary goal is to help these families improve and sustain an independent lifestyle. They offer a wide range of services, including medical workshops, arts and crafts classes, game nights, and movie nights, to maintain the physical, psychological, and social well-being of their senior citizens. The organization also arranges workshops and seminars on topics such as bereavement and living wills to ensure the senior community receives the attention and benefits they deserve. The Aquinas Housing Senior Service Program is dedicated to improving the quality of life for senior citizens in the community, both physically and mentally.
Official website here: www.aquinashousing.org
Who is the CEO of Aquinas Housing Corporation?
Valerie Torres is the Chairperson of Aquinas Housing Corporation.
Official website here: www.aquinashousing.org
What is the revenue of Aquinas Housing Corporation?
Aquinas Housing Corporation's revenue in 2022 was $4,231,136.
Official website here: www.aquinashousing.org
Who are the executives of Aquinas Housing Corporation and what are their salaries?
The average compensation at Aquinas Housing Corporation during 2022 was $165,972. There are 3 employees at Aquinas Housing Corporation.
Here are 9 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $29,669
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $14,675
- Related: $0
- Other: $0
- Compensation: $82,154
- Related: $0
- Other: $0
- Compensation: $114,039
- Related: $0
- Other: $0
- Compensation: $107,954
- Related: $0
- Other: $0
Official website here: www.aquinashousing.org
Where can I find the form 990 for Aquinas Housing Corporation?
Aquinas Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aquinashousing.org
Learn more at the official website: www.aquinashousing.org
Mission Statement of Aquinas Housing Corporation
Aquinas Housing Corporation is committed to providing quality housing and social services to low and moderate-income families in the community. Their mission is centered around improving and sustaining an independent lifestyle for seniors living in the area. The organization offers a wide range of services, including social, cultural, and recreational activities, as well as medical workshops and seminars. These programs are designed to maintain the physical, psychological, and social well-being of seniors, ensuring they receive the attention and benefits they deserve. Aquinas Housing Corporation's Senior Service Program is dedicated to enhancing the quality of life for senior citizens in East Tremont and West Farms, both physically and mentally, through various group activities, arts and crafts classes, game nights, movie nights, and monthly medical workshops focusing on topics such as blood pressure awareness, stroke prevention, elder abuse, and Medicaid/Medicare navigation. The corporation also holds periodic workshops and seminars on topics like bereavement and living wills, demonstrating their comprehensive approach to supporting the senior community.
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Impact
August, 2024
Aquinas Housing Corporation's impact is significant in providing services and housing to low-income residents of the South Bronx. Through its senior services program initiated in 1987, Aquinas Housing Corporation offers a wide range of services to senior citizens in the community. The program aims to improve and sustain an independent lifestyle for families and individual seniors by focusing on their physical, psychological, and social well-being.
Aquinas Housing Corporation sponsors two HUD senior citizen properties and provides services beyond just the residents of those properties, extending its offerings to the entire community. The program includes social, cultural, and recreational activities such as arts and crafts classes, game nights, movie nights, and monthly medical workshops on various health topics. Additionally, it conducts workshops and seminars addressing important issues like bereavement and living wills.
Overall, Aquinas Housing Corporation's senior services program is dedicated to assisting the senior citizenry of East Tremont and West Farms in achieving the highest possible quality of life, both physically and mentally.
This information is meant to be a general summary of Aquinas 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: $1,938
- Program Service Revenue: $4,011,089
- Gross Receipts: $4,288,331
Assets and Liabilities:
- Total Assets: $21,351,354
- Total Liabilities: $16,926,610
- Net Assets: $4,424,744
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTAL INCOME
Revenue
$2,373,828
DEVELOPER'S FEE INCOME
Revenue
$1,492,363
ASSETS MANAGEMENT FEE
Revenue
$144,898
Organization Details
Founding Year
1981
Phone
(718) 842-6440Principal Officer
Valerie Torres
Main Address
1945 VYSE AVENUE, BRONX, NY, 10460
Website
www.aquinashousing.orgNTEE Category
Code: L20Z - Housing
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