Overview
What is St Simeon Second Mile Corporation?
St. Simeon Second Mile Corporation is a nonprofit organization situated in Poughkeepsie, New York, dedicated to offering affordable senior housing options for individuals with limited income. Their primary mission is to provide comfortable living spaces for the elderly, ensuring they maintain a dignified lifestyle during their retirement years. The organization's activities are focused on this mission, making it an essential resource for senior citizens in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
St Simeon Second Mile Corporation has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The charity’s overall score is based entirely on its financial practices, which have been evaluated with a high level of integrity. With an impressive accountability and finance score of 90%, it demonstrates effective management of resources and transparent operations.
The organization showcases several strengths, including a fully independent board comprised of 10 members, which enhances its governance and decision-making processes. Additionally, St Simeon Second Mile Corporation scores perfectly in key areas such as financial statements oversight and material diversion of assets, indicating robust financial health and compliance. Their program expense ratio of 90.78% illustrates a strong focus on programmatic spending, ensuring that funds are effectively directed towards their mission.
While the organization has shown exemplary performance in financial accountability, the summary does not highlight specific program outcomes or user feedback regarding its services. Nevertheless, the high rating serves as a strong indicator of its operational integrity and responsible stewardship of donations.
This AI summary has been generated from information found on Charity Navigator.
Is St Simeon Second Mile Corporation legitimate?
St Simeon Second Mile Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Simeon Second Mile 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,371
For more financial information, click here
What is the mission statement of St Simeon Second Mile Corporation?
The St. Simeon Second Mile Corporation is an organization dedicated to providing senior housing for individuals with limited income. Their mission is to offer suitable living accommodations for this demographic, ensuring they can reside in a comfortable and supportive environment. This mission is instrumental in addressing the housing needs of seniors who may be financially challenged, thereby contributing to their overall well-being. The organization's primary focus is on ensuring that low-income seniors have access to decent, affordable housing, promoting a sense of security and independence in their later years.
Who is the CEO of St Simeon Second Mile Corporation?
Mary Moore is the Director of St Simeon Second Mile Corporation.
What is the revenue of St Simeon Second Mile Corporation?
St Simeon Second Mile Corporation's revenue in 2023 was $712,040.
Who are the executives of St Simeon Second Mile Corporation and what are their salaries?
The average compensation at St Simeon Second Mile Corporation during 2023 was $54,593. There are 4 employees and 13 volunteers at St Simeon Second Mile Corporation.
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- Related: $138,560
- Other: $8,314
- Compensation: $103,075
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- Other: $6,185
Where can I find the form 990 for St Simeon Second Mile Corporation?
St Simeon Second Mile Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Simeon Second Mile Corporation
St. Simeon Second Mile Corporation is dedicated to fulfilling its mission of providing affordable senior housing for individuals in need. This nonprofit organization operates with the primary goal of offering housing solutions for low-income seniors, ensuring that they can maintain their independence and dignity in their golden years. By prioritizing this crucial need, St. Simeon Second Mile Corporation plays a significant role in supporting the well-being and security of the elderly community.
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Impact
October, 2024
St Simeon Second Mile Corporation significantly impacts the community by providing affordable housing options for low-income seniors in Poughkeepsie, NY. By focusing on this demographic, the organization addresses a critical need for accessible and supportive living arrangements, allowing seniors to maintain their independence while having access to necessary services. The availability of low-income senior housing helps improve the quality of life for residents, ensuring they have a safe, stable, and comfortable environment. Furthermore, this initiative contributes to the overall health and well-being of the community by fostering a sense of belonging and reducing social isolation among seniors.
This information is meant to be a general summary of St Simeon Second Mile 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 2023.
- Investment Income: $277
- Program Service Revenue: $650,821
- Gross Receipts: $712,040
Assets and Liabilities:
- Total Assets: $1,478,641
- Total Liabilities: $117,345
- Net Assets: $1,361,296
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$650,821
Organization Details
Founding Year
1968
Phone
(845) 471-5766Principal Officer
Mary Moore
Main Address
700 SECOND MILE DR, POUGHKEEPSIE, NY, 12601
NTEE Category
Code: L22 - Housing
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