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Teresian House Housing Corporation

Avila Retirement

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141819599 ✦ Albany, NY ✦ Designated as a 501(c)(3)

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Overview

What is Teresian House Housing Corporation?

Teresian House Housing Corporation, also known as Avila Retirement Community, is a nonprofit organization located at 100 White Pine Drive, Albany, New York 12203. The primary mission of this organization is to provide independent living apartments and cottages for the elderly, mainly within the geographic area covered by the Roman Catholic Diocese of Albany. The community offers its residents central dining facilities and various opportunities for social and recreational activities. With around 46 employees, Teresian House Housing Corporation strives to enrich the lives of its elderly residents by providing them with a comfortable and engaging living environment.


Official website here: www.avilaretirement.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Stars)

Teresian House Housing Corporation has received an 81% rating from Charity Navigator, earning it a Three-Star designation. This rating is derived entirely from their accountability and finance metrics, which highlights their commitment to maintaining transparency and sound financial practices.

The organization demonstrates strong governance, with a fully independent board comprising ten members and a comprehensive set of policies in place, including conflict of interest and whistleblower policies. Their financial management is also commendable, as evidenced by a program expense ratio of 88.39%, indicating that a significant portion of their funds is allocated directly to their programs.

While the overall rating is positive, it is important to recognize that the score is based solely on accountability and finance, with no additional beacons considered. Potential donors may want to look further into the organization's program effectiveness and impact to gain a complete understanding of their operations and outcomes.


This AI summary has been generated from information found on Charity Navigator.

Is Teresian House Housing Corporation legitimate?

Teresian House Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teresian House 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: $116,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,174,047

For more financial information, click here


Official website here: www.avilaretirement.com

What is the mission statement of Teresian House Housing Corporation?

Teresian House Housing Corporation's primary mission is centered around operating housing facilities primarily for the elderly. This mission is carried out within a specific geographical area, typically within the Roman Catholic Diocese of Albany. The corporation operates independent living apartments and cottages for its residents, providing them with central dining facilities and spaces for various social and recreational activities. The organization's purpose is to enhance the quality of life for the elderly, offering them a supportive and engaging living environment.


Official website here: www.avilaretirement.com

Who is the CEO of Teresian House Housing Corporation?

Donna Smith is the Director of Teresian House Housing Corporation. The CEO's salary of Teresian House Housing Corporation is $66,321 and their total compensation is $72,106.


Official website here: www.avilaretirement.com

What is the revenue of Teresian House Housing Corporation?

Teresian House Housing Corporation's revenue in 2022 was $8,351,161.


Official website here: www.avilaretirement.com

Who are the executives of Teresian House Housing Corporation and what are their salaries?

The average compensation at Teresian House Housing Corporation during 2022 was $28,046. There are 46 employees and 9 volunteers at Teresian House Housing Corporation.


Here are 10 key members and their salaries (Teresian House Housing Corporation's CEO's salary is $66,321 and their total compensation is $72,106):


Michael Costello Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Colonno (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Raymond (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bishop Edward Scharfenberger (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Father David Lefort (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Calareso Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Fisk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Mcnamara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Cary (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Smith (Ceo)
  • Compensation: $66,321
  • Related: $0
  • Other: $5,785


Official website here: www.avilaretirement.com

Where can I find the form 990 for Teresian House Housing Corporation?

Teresian House Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.avilaretirement.com

Learn more at the official website: www.avilaretirement.com

Mission Statement of Teresian House Housing Corporation

Teresian House Housing Corporation is dedicated to operating housing facilities primarily for the elderly, focusing on the geographic area within the Roman Catholic Diocese of Albany. The organization's main objective is to provide independent living apartments and cottages for its residents, accompanied by central dining facilities and ample space for a variety of social and recreational activities. The mission of Teresian House Housing Corporation is to enhance the quality of life for its elderly residents, fostering a sense of community and promoting a fulfilling lifestyle through its services.

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Impact




October, 2024

Teresian House Housing Corporation significantly enhances the quality of life for elderly residents in Albany, NY, through its dedicated housing facilities. Known for operating the Avila Retirement Community, it offers independent living apartments and cottages that empower seniors to maintain their autonomy while providing supportive services.

The community fosters a vibrant atmosphere by providing central dining options and various spaces for social and recreational activities, encouraging meaningful interactions and engagement among residents. This not only combats isolation but also enriches the social fabric of the elderly community within the Roman Catholic Diocese of Albany.

Through its unwavering focus on senior living, Teresian House Housing Corporation plays a vital role in creating a supportive environment that promotes dignity, independence, and companionship for older adults.




This information is meant to be a general summary of Teresian House 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.

Revenue
$8,351,161 (2022)
Expenses
$7,807,183 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,184
  • Program Service Revenue: $8,329,886
  • Gross Receipts: $8,351,161

Assets and Liabilities:

  • Total Assets: $27,233,655
  • Total Liabilities: $48,040,049
  • Net Assets: -$20,806,394

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENT SERVICE FEES

Revenue

$6,959,648

ENTRANCE FEES

Revenue

$1,210,576

OTHER RESIDENTIAL REVE

Revenue

$159,662

Organization Details

Founding Year

1999

Principal Officer

Donna Smith

Main Address

100 WHITE PINE DRIVE, ALBANY, NY, 12203

NTEE Category

Code: L22 - Housing

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