Overview
What is Willsboro Senior Housing Corp?
Willsboro Senior Housing Corp is a nonprofit organization situated in Willsboro, New York. With a focus on affordability, they offer 12 units of senior citizen and handicap-accessible housing. Their mission is to provide economical housing for the senior population, contributing to the community by offering a vital service. With a modest workforce of six employees, they continue to uphold their mission, ensuring that senior citizens in their area have access to suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, earning a Two-Star out of Four Star rating.
Willsboro Senior Housing Corp has received a moderate rating, reflecting an average level of accountability and financial health. With a score of 65%, the organization demonstrates a strong governance structure, evidenced by a fully independent board and no material diversion of assets. However, it faces challenges in transparency, particularly due to missing policies related to whistleblower protections and document retention.
The organization performs well in terms of program expenses, with a program expense ratio of 75.65%, indicating that a large portion of its budget is allocated towards its mission-related activities. On the downside, its liabilities to assets ratio is concerning at 88.17%, suggesting potential financial instability. Additionally, the absence of key documentation such as the tax form on its website raises questions about its commitment to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Willsboro Senior Housing Corp legitimate?
Willsboro Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Willsboro Senior Housing Corp 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: $18,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,851
For more financial information, click here
What is the mission statement of Willsboro Senior Housing Corp?
Willsboro Senior Housing Corp's mission is centered around providing affordable housing solutions for senior citizens and individuals with disabilities. This organization strives to make a difference in the lives of its residents by offering 12 units of senior-friendly and handicap-accessible housing. By doing so, Willsboro Senior Housing Corp aims to contribute to the well-being and independence of its elderly community, ensuring they have a secure and comfortable living environment.
Who is the CEO of Willsboro Senior Housing Corp?
Charles Lustig is the President of Willsboro Senior Housing Corp.
What is the revenue of Willsboro Senior Housing Corp?
Willsboro Senior Housing Corp's revenue in 2022 was $113,923.
Who are the executives of Willsboro Senior Housing Corp and what are their salaries?
The average compensation at Willsboro Senior Housing Corp during 2022 was $6,547. There are 6 employees at Willsboro Senior Housing Corp.
Here are 12 key members and their salaries:
- Compensation: $20,929
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Where can I find the form 990 for Willsboro Senior Housing Corp?
Willsboro Senior Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Willsboro Senior Housing Corp
Willsboro Senior Housing Corp is committed to a mission of providing affordable housing for senior citizens and individuals with disabilities. This nonprofit organization aims to make housing accessible and economical for this particular demographic, thereby ensuring they can live comfortably and with dignity. The corporation's efforts are focused on providing 12 units of such housing, demonstrating its dedication to catering to the specific housing needs of senior citizens and individuals with disabilities. By offering affordable and accessible housing, Willsboro Senior Housing Corp contributes to the well-being and independence of its residents, enabling them to maintain their quality of life in a suitable living environment.
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Impact
October, 2024
Willsboro Senior Housing Corp plays a significant role in enhancing the quality of life for senior citizens in Willsboro, NY, by providing 12 units of affordable and handicap-accessible housing. This initiative addresses the pressing need for economical housing solutions for the elderly population, ensuring that seniors have safe and comfortable living arrangements. The presence of such dedicated housing allows seniors to maintain their independence while fostering a sense of community. By catering specifically to the needs of senior citizens, Willsboro Senior Housing Corp contributes to the overall well-being and stability of the local demographic, promoting a supportive environment that enhances the social fabric of the area.
This information is meant to be a general summary of Willsboro Senior Housing Corp. 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: $8
- Program Service Revenue: $108,915
- Gross Receipts: $113,923
Assets and Liabilities:
- Total Assets: $527,915
- Total Liabilities: $461,847
- Net Assets: $66,068
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$48,461
LAUNDRY INCOME
Revenue
$895
RENTAL INCOME
Revenue
$59,559
Organization Details
Founding Year
1991
Phone
(518) 963-4336Principal Officer
Charles Lustig
Main Address
15 SENIOR LANE, WILLSBORO, NY, 12996
NTEE Category
Code: L22 - Housing
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