Overview
What is Episcopal Management Corporation For St Marks Gardens Inc?
Episcopal Management Corporation for St Marks Gardens Inc is a nonprofit organization situated in Midvale, Utah. Their primary mission is to offer affordable housing solutions for elderly and disabled individuals, as per Section 202 of the Housing Act of 1959. This initiative benefits around 72 residents within the community, providing them with a safe and suitable living environment. The organization plays a significant role in addressing the housing needs of this vulnerable population, contributing positively to social welfare and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Episcopal Management Corporation For St Marks Gardens Inc has received a two-star rating from Charity Navigator, indicating it needs improvement. The overall score is 65%, reflecting strong accountability and financial oversight, with a perfect score in this area. The organization benefits from a fully independent board, which may enhance governance and decision-making processes.
Despite its strengths, there are notable weaknesses in transparency and policy adherence. The nonprofit lacks key policies and disclosures, such as a conflict of interest policy and a whistleblower policy, which are critical for fostering trust and accountability. Additionally, the absence of documented board meeting minutes raises concerns about operational transparency.
Financially, the organization faces challenges, as indicated by a high liabilities to assets ratio at 182.99%. While the program expense ratio is commendable at 70.53%, suggesting that a significant portion of expenditures goes directly to programs, the financial health of the organization may require attention to ensure sustainability and long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal Management Corporation For St Marks Gardens Inc legitimate?
Episcopal Management Corporation For St Marks Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Management Corporation For St Marks Gardens 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: $0
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What is the mission statement of Episcopal Management Corporation For St Marks Gardens Inc?
Episcopal Management Corporation for St Marks Gardens Inc is dedicated to providing low-income housing for elderly and disabled individuals. This mission is carried out under Section 202 of the Housing Act of 1959, benefiting around 72 residents in Midvale, UT. The organization's main objective is to offer a safe and supportive living environment for these individuals, contributing to their overall well-being and independence. The corporation's efforts aim to enhance the quality of life for these residents, ensuring they have access to suitable housing accommodations.
Who is the CEO of Episcopal Management Corporation For St Marks Gardens Inc?
Richard E Tanner is the President of Episcopal Management Corporation For St Marks Gardens Inc.
What is the revenue of Episcopal Management Corporation For St Marks Gardens Inc?
Episcopal Management Corporation For St Marks Gardens Inc's revenue in 2022 was $858,642.
Who are the executives of Episcopal Management Corporation For St Marks Gardens Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Episcopal Management Corporation For St Marks Gardens Inc?
Episcopal Management Corporation For St Marks Gardens Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Episcopal Management Corporation For St Marks Gardens Inc
Episcopal Management Corporation for St. Marks Gardens is a nonprofit organization committed to providing low-income housing for elderly and disabled individuals. Operating under Section 202 of the Housing Act of 1959, this organization serves approximately 72 residents in Midvale, Utah. The mission of Episcopal Management Corporation for St. Marks Gardens is to create an inclusive and supportive living environment where these individuals can thrive. By offering affordable housing solutions, the organization helps to bridge the gap for those who may otherwise struggle to secure suitable accommodations. The provision of such housing not only ensures that these individuals have a safe and secure place to live but also enables them to maintain their independence and dignity, enhancing their overall quality of life.
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Impact
October, 2024
Episcopal Management Corporation for St Marks Gardens Inc significantly impacts the community by providing essential low-income housing for elderly and disabled individuals in Midvale, UT. By operating under Section 202 of the Housing Act of 1959, the organization ensures that approximately 72 residents have access to safe, affordable housing options. This initiative not only addresses immediate housing needs but also promotes the overall well-being and stability of vulnerable populations, allowing them to maintain their independence and dignity in a supportive environment. The presence of such housing facilities helps to alleviate financial burdens, contributing to improved quality of life for residents and fostering a stronger, more inclusive community.
This information is meant to be a general summary of Episcopal Management Corporation For St Marks Gardens 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 2022.
- Investment Income: $297
- Program Service Revenue: $858,345
- Gross Receipts: $858,642
Assets and Liabilities:
- Total Assets: $7,138,097
- Total Liabilities: $7,131,883
- Net Assets: $6,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apartment Rents
Revenue
$301,131
Miscellaneous revenue
Rent Subsidies
Revenue
$556,127
Tenant Charges
Revenue
$1,087
Vacancy Claims
Organization Details
Founding Year
1981
Principal Officer
Richard E Tanner
Main Address
7351 SOUTH UNION PARK AVENUE 250, MIDVALE, UT, 84047
NTEE Category
Code: L21 - Housing
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