Overview
What is St Simeon Foundation Inc?
St. Simeon Foundation Inc, located in Poughkeepsie, New York, is a nonprofit organization dedicated to providing low-income housing solutions for senior citizens. The foundation supports two related not-for-profit corporations that similarly focus on operating affordable housing facilities for elderly individuals. By carrying out this mission, St. Simeon Foundation aims to contribute to the well-being and security of senior citizens in need, ensuring they have access to suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star Rating)
The St Simeon Foundation Inc has received a 70% score from Charity Navigator, resulting in a Two-Star rating. This score highlights a solid performance in terms of accountability and finance. The organization is notable for having a fully independent board, which consists of 15 members, and has demonstrated no material diversion of assets. Additionally, the foundation maintains transparency by documenting board meeting minutes.
Strengths of the foundation include a high program expense ratio of 67.61%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. The organization also boasts a minimal liabilities to assets ratio of 0.03%, suggesting strong financial stability and responsible management of resources.
However, while the St Simeon Foundation has strengths in governance and financial management, the overall score reflects areas for improvement. Although the organization is performing adequately, there may be opportunities to enhance efficiency or effectiveness in program delivery, which could help to elevate its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is St Simeon Foundation Inc legitimate?
St Simeon Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Simeon Foundation 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.
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What is the mission statement of St Simeon Foundation Inc?
The St. Simeon Foundation's mission is centered around providing low-income housing opportunities for senior citizens. To accomplish this, the foundation supports two related not-for-profit corporations that also provide such housing services for this demographic. The organization is committed to making affordable housing a reality for elderly individuals, thereby contributing to their overall well-being.
Who is the CEO of St Simeon Foundation Inc?
Mary Moore is the Director of St Simeon Foundation Inc.
What is the revenue of St Simeon Foundation Inc?
St Simeon Foundation Inc's revenue in 2022 was $87,728.
Who are the executives of St Simeon Foundation Inc and what are their salaries?
There 11 volunteers at St Simeon Foundation Inc.
Here are 15 key members and their salaries:
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Where can I find the form 990 for St Simeon Foundation Inc?
St Simeon Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Simeon Foundation Inc
St. Simeon Foundation Inc is committed to providing affordable housing solutions for senior citizens. To accomplish this mission, the organization supports two related not-for-profit corporations that manage low-income housing facilities specifically designed for elderly individuals. By offering these housing options, St. Simeon Foundation Inc strives to ensure that senior citizens have access to safe and affordable living spaces, thereby improving their overall quality of life. The foundation's dedication to this cause reflects its commitment to supporting the needs of elderly individuals and promoting their well-being.
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Impact
October, 2024
St. Simeon Foundation Inc significantly improves the quality of life for low-income senior citizens by providing access to affordable housing in Poughkeepsie, NY. This organization operates through two related not-for-profit corporations specifically dedicated to creating and maintaining low-income housing options for seniors. By addressing housing insecurity, St. Simeon Foundation helps ensure that older adults can live with dignity and security, offering them a stable environment that fosters community and well-being. The foundation's commitment to this mission not only alleviates the stress associated with housing costs but also enhances the overall health and happiness of the elderly population it serves.
This information is meant to be a general summary of St Simeon Foundation 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 2022.
- Investment Income: $24,477
- Program Service Revenue: $70,320
- Gross Receipts: $143,176
Assets and Liabilities:
- Total Assets: $3,617,156
- Total Liabilities: $1,296
- Net Assets: $3,615,860
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$70,320
Organization Details
Founding Year
1968
Phone
(845) 471-9651Principal Officer
Mary Moore
Main Address
9 HILLTOP COURT 1, POUGHKEEPSIE, NY, 126017435
NTEE Category
Code: L220 - Housing
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