Overview
What is Ecco Senior Housing Association?
Ecco Senior Housing Association is a nonprofit organization dedicated to serving the housing needs of low-income elderly individuals. Based on HUD guidelines, they offer homes that are within the financial reach of senior citizens who may not be able to afford market-rate housing. Their primary mission is to provide a living solution for this specific group, ensuring they have access to affordable housing. This organization plays a vital role in supporting the elderly community, contributing to their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating. This rating indicates a below-average performance in terms of accountability and finance, based solely on this aspect. The organization's score reflects both strengths and significant areas for improvement.
Ecco Senior Housing Association demonstrates strong governance features, with a fully independent board and no material diversion of assets. They also excel in transparency by maintaining board meeting minutes and having their tax form listed on their website. These factors contribute positively to their score, showcasing a commitment to responsible management practices.
However, the organization faces notable limitations that have impacted its overall rating. The absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy detracts significantly from their accountability score. Additionally, the liabilities to assets ratio is concerning at 138.50%, which raises questions about their financial health. Overall, while Ecco Senior Housing Association has some commendable practices, they need to address their policy gaps and financial ratios to improve their standing.
This AI summary has been generated from information found on Charity Navigator.
Is Ecco Senior Housing Association legitimate?
Ecco Senior Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ecco Senior Housing Association 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: $35,983
For more financial information, click here
What is the mission statement of Ecco Senior Housing Association?
The Ecco Senior Housing Association's mission is centered around providing affordable housing solutions for the elderly population. Adhering to HUD guidelines, the association offers homes to senior citizens who may not be able to afford market-rate housing. The organization's primary goal is to cater to the housing needs of this vulnerable group, ensuring they have a safe and suitable living environment.
Who is the CEO of Ecco Senior Housing Association?
Betsy Williams is the Director of Ecco Senior Housing Association.
What is the revenue of Ecco Senior Housing Association?
Ecco Senior Housing Association's revenue in 2023 was $197,004.
Who are the executives of Ecco Senior Housing Association and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ecco Senior Housing Association?
Ecco Senior Housing Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ecco Senior Housing Association
Ecco Senior Housing Association is dedicated to serving the needs of low-income elderly individuals by providing housing options that adhere to HUD guidelines. This nonprofit organization aims to cater to senior citizens who find it challenging to afford market-rate housing. By doing so, Ecco Senior Housing Association contributes to ensuring that elderly individuals have access to suitable and affordable housing, enhancing their quality of life.
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Impact
October, 2024
Ecco Senior Housing Association plays a crucial role in addressing the housing needs of low-income elderly individuals in Spokane, WA. By providing homes that comply with HUD guidelines, the organization ensures that senior citizens who may struggle with the high costs of market-rate housing have access to safe and affordable living options. This support not only enhances the quality of life for residents but also fosters a sense of community among seniors, promoting social engagement and well-being. Through its commitment to affordable housing, Ecco Senior Housing Association significantly alleviates housing insecurity among the elderly population, contributing to their dignity and independence.
This information is meant to be a general summary of Ecco Senior Housing Association. 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: $1,095
- Program Service Revenue: $59,693
- Gross Receipts: $197,004
Assets and Liabilities:
- Total Assets: $2,107,010
- Total Liabilities: $2,918,372
- Net Assets: -$811,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$58,988
LAUNDRY AND TENANTS CH
Revenue
$705
Organization Details
Founding Year
2006
Phone
(509) 838-6541Principal Officer
Betsy Williams
Main Address
422 W RIVERSIDE 1420, SPOKANE, WA, 99201
NTEE Category
Code: L21 - Housing
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