Overview
What is Sepp Rural Elderly Housing Inc C/O Sepp Inc?
Sepp Rural Elderly Housing Inc, functioning under its corporate umbrella Sepp Inc, is a nonprofit organization situated in Binghamton, New York. Their primary mission is to provide affordable and subsidized housing solutions for the elderly, operating under sections 8 and 236 of the National Housing Act. Their primary activity revolves around offering low-income housing options, ensuring that elderly individuals have access to suitable living accommodations. The information provided does not specify the exact number of employees or any additional services they offer beyond housing provisions.
Official website here: www.seppmanagement.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Stars
Sepp Rural Elderly Housing Inc. has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The score is solely based on the Accountability & Finance beacon, reflecting a strong focus on governance and transparency. The organization excels with a fully independent board and no material diversion of assets, showcasing a commitment to ethical operations.
However, it has notable limitations that impact its overall rating. Although the program expense ratio is quite high at 69.53%, the organization's liabilities to assets ratio stands at 141.76%, which raises concerns about its financial sustainability. Additionally, the absence of a whistleblower policy and document retention policy suggests areas for improvement in governance practices.
Overall, while Sepp Rural Elderly Housing Inc. demonstrates strengths in board independence and transparency, stakeholders may want to consider its financial ratios and policy gaps when evaluating its effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sepp Rural Elderly Housing Inc C/O Sepp Inc legitimate?
Sepp Rural Elderly Housing Inc C/O Sepp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sepp Rural Elderly Housing Inc C/O Sepp 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:
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Other Salaries and Wages: $32,161
For more financial information, click here
Official website here: www.seppmanagement.com
What is the mission statement of Sepp Rural Elderly Housing Inc C/O Sepp Inc?
Sepp Rural Elderly Housing Inc, under the umbrella of Sepp Inc, is dedicated to providing low-income housing. They accomplish this mission by offering subsidized housing options under Section 8 and 236 of the National Housing Act. This service aims to make housing more accessible for individuals with limited financial resources. By doing so, they contribute to enhancing the living conditions of these individuals, thereby promoting a more equitable society.
Official website here: www.seppmanagement.com
Who is the CEO of Sepp Rural Elderly Housing Inc C/O Sepp Inc?
John Bernardo is the Member of Sepp Rural Elderly Housing Inc C/O Sepp Inc.
Official website here: www.seppmanagement.com
What is the revenue of Sepp Rural Elderly Housing Inc C/O Sepp Inc?
Sepp Rural Elderly Housing Inc C/O Sepp Inc's revenue in 2023 was $195,431.
Official website here: www.seppmanagement.com
Who are the executives of Sepp Rural Elderly Housing Inc C/O Sepp Inc and what are their salaries?
Here are 21 key members and their salaries:
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- Related: $150,934
- Other: $20,672
Official website here: www.seppmanagement.com
Where can I find the form 990 for Sepp Rural Elderly Housing Inc C/O Sepp Inc?
Sepp Rural Elderly Housing Inc C/O Sepp Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.seppmanagement.com
Learn more at the official website: www.seppmanagement.com
Mission Statement of Sepp Rural Elderly Housing Inc C/O Sepp Inc
Sepp Rural Elderly Housing Inc C/O Sepp Inc is committed to providing low-income housing solutions. This nonprofit organization operates under the National Housing Act, specifically sections 8 and 236, to offer subsidized housing. Their mission is to make housing accessible for individuals with limited financial resources, ensuring they have a safe and habitable living space. By providing low-income and subsidized housing, Sepp Rural Elderly Housing Inc C/O Sepp Inc contributes to the well-being of its community members, ensuring they have a stable foundation for their lives.
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Impact
October, 2024
Sepp Rural Elderly Housing Inc C/O Sepp Inc significantly impacts the community by providing low-income and subsidized housing options for elderly residents in Binghamton, NY. Through programs like Section 8 and Section 236 of the National Housing Act, the organization addresses the pressing need for affordable housing, ensuring that vulnerable populations have access to safe and stable living conditions.
By focusing on the elderly demographic, Sepp Rural Elderly Housing creates an inclusive environment that allows older adults to maintain their independence while receiving the support they need. This initiative not only enhances the quality of life for its residents but also fosters community ties, reducing social isolation among seniors. The availability of affordable housing ultimately contributes to the overall wellbeing of the community, promoting economic stability and healthier lifestyles for its elderly members.
This information is meant to be a general summary of Sepp Rural Elderly Housing Inc C/O Sepp 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: $9
- Program Service Revenue: $194,438
- Gross Receipts: $195,431
Assets and Liabilities:
- Total Assets: $538,599
- Total Liabilities: $763,543
- Net Assets: -$224,944
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$194,438
Organization Details
Founding Year
1990
Phone
(607) 723-8989Principal Officer
John Bernardo
Main Address
53 FRONT STREET, BINGHAMTON, NY, 13905
Website
www.seppmanagement.comNTEE Category
Code: L22Z - Housing
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