Overview
What is Maurice I Schwartz Towers Inc?
Maurice I Schwartz Towers Inc is a nonprofit organization situated in Auburn, New York, with a specific focus on providing housing and auxiliary facilities for low-income elderly individuals. The organization operates a 140-unit apartment building that fulfills this purpose. With a dedicated workforce of four employees, Maurice I Schwartz Towers Inc is committed to enhancing the living conditions and supporting the needs of this vulnerable demographic.
Official website here: www.schwartztowers.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
Maurice I Schwartz Towers Inc demonstrates a strong commitment to accountability and financial transparency, reflected in its impressive 96% score. The organization boasts a fully independent board, which is crucial for unbiased governance and decision-making. Additionally, their financial management is robust, with a high program expense ratio of 90.44%, indicating that the majority of funds are directed towards their programs rather than administrative costs.
The charity adheres to several best practices, including having a well-defined conflict of interest policy, a whistleblower policy, and procedures for document retention. Their lack of material diversion of assets, as confirmed by their audit and oversight committee, positions them favorably in terms of organizational integrity.
Despite the positive aspects, the overview does not detail any specific limitations or challenges the organization may face. Overall, Maurice I Schwartz Towers Inc appears to be a well-managed nonprofit with a strong focus on fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Maurice I Schwartz Towers Inc legitimate?
Maurice I Schwartz Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maurice I Schwartz Towers 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,876
For more financial information, click here
Official website here: www.schwartztowers.com
What is the mission statement of Maurice I Schwartz Towers Inc?
Maurice I Schwartz Towers Inc is established with the primary objective of providing housing and auxiliary facilities for individuals who fall under the low-income elderly category. The organization's mission is centered around this purpose, aiming to make suitable living arrangements accessible to this specific demographic. As demonstrated through their operations, they operated a 140-unit apartment building specifically designed for low-income elderly individuals, reflecting their commitment to this mission.
Official website here: www.schwartztowers.com
Who is the CEO of Maurice I Schwartz Towers Inc?
Richard Knaul is the President of Maurice I Schwartz Towers Inc.
Official website here: www.schwartztowers.com
What is the revenue of Maurice I Schwartz Towers Inc?
Maurice I Schwartz Towers Inc's revenue in 2023 was $742,582.
Official website here: www.schwartztowers.com
Who are the executives of Maurice I Schwartz Towers Inc and what are their salaries?
The average compensation at Maurice I Schwartz Towers Inc during 2023 was $47,719. There are 4 employees and 6 volunteers at Maurice I Schwartz Towers Inc.
Here are 6 key members and their salaries:
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Official website here: www.schwartztowers.com
Where can I find the form 990 for Maurice I Schwartz Towers Inc?
Maurice I Schwartz Towers Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.schwartztowers.com
Learn more at the official website: www.schwartztowers.com
Mission Statement of Maurice I Schwartz Towers Inc
Maurice I Schwartz Towers Inc, as stated in its mission, is an organization dedicated to providing housing and auxiliary facilities for low-income elderly individuals. Its primary goal is to offer a welcoming environment that caters to the needs of this specific demographic, ensuring they have access to suitable living quarters. The organization operates a 140-unit apartment building, serving as a home for elderly individuals who are financially disadvantaged. This commitment to providing housing for the elderly demonstrates Maurice I Schwartz Towers Inc's dedication to supporting and uplifting this vulnerable group in the community.
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Impact
October, 2024
Maurice I Schwartz Towers Inc significantly enhances the quality of life for low-income elderly individuals in Auburn, NY, by providing affordable housing and essential facilities. Operating a 140-unit apartment building, the organization addresses critical housing needs for this vulnerable demographic, ensuring they have a safe and stable living environment. In addition to housing, the organization likely offers auxiliary facilities that can support the daily needs of its residents, fostering a sense of community and belonging among seniors. By focusing on this demographic, Maurice I Schwartz Towers Inc plays a crucial role in promoting social well-being and dignity for elderly individuals who may otherwise struggle to find suitable living arrangements.
This information is meant to be a general summary of Maurice I Schwartz Towers 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 2023.
- Investment Income: $14,972
- Program Service Revenue: $727,610
- Gross Receipts: $742,582
Assets and Liabilities:
- Total Assets: $4,432,771
- Total Liabilities: $56,050
- Net Assets: $4,376,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL INCOM
Revenue
$630,002
OTHER REVENUE
Revenue
$55,795
COMMERCIAL RENTAL INCO
Revenue
$41,813
Organization Details
Founding Year
1970
Phone
(315) 253-4947Principal Officer
Richard Knaul
Main Address
90 NORTH STREET, AUBURN, NY, 13021
Website
www.schwartztowers.comNTEE Category
Code: L22Z - Housing
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