Overview
What is St Monica Gardens Inc?
St Monica Gardens Inc is a dedicated nonprofit organization, situated within its operations, that focuses on providing affordable housing solutions for the elderly and individuals with disabilities. They execute this mission through a HUD-funded project, which includes the provision of rental units specifically designed for this demographic. The organization's primary purpose is to ensure that elderly and handicapped individuals have access to suitable living arrangements, thereby contributing to their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
St Monica Gardens Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a perfect score in several critical areas, such as independent board composition and financial oversight, indicating a commitment to maintaining transparency and responsible management of resources.
Strengths of St Monica Gardens Inc include a fully independent board and a high program expense ratio of 90.30%, which shows that a significant portion of its funds is directed towards its mission rather than administrative costs. The organization also has robust policies in place, including conflict of interest and whistleblower policies, further enhancing its credibility and accountability.
While the financial metrics are impressive, it is important for potential donors to remain engaged and informed about the organization's programs and impact. Overall, St Monica Gardens Inc stands out for its financial integrity and governance practices, making it a trustworthy choice for donors looking to support effective nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is St Monica Gardens Inc legitimate?
St Monica Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Monica 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $189,396
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What is the mission statement of St Monica Gardens Inc?
St. Monica Gardens Inc. is committed to providing low-income housing for the elderly and handicapped. They achieve this through a HUD-funded project, offering rental units as a solution. The organization's primary goal is to cater to the housing needs of this specific demographic, ensuring they have a suitable living environment. The project provides a vital service, offering a place of residence for individuals who may otherwise face housing challenges due to their age or disability.
Who is the CEO of St Monica Gardens Inc?
Rev Marcos Somarriba is the President of St Monica Gardens Inc.
What is the revenue of St Monica Gardens Inc?
St Monica Gardens Inc's revenue in 2023 was $890,608.
Who are the executives of St Monica Gardens Inc and what are their salaries?
The average compensation at St Monica Gardens Inc during 2023 was $31,566. There are 6 employees and 6 volunteers at St Monica Gardens Inc.
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Where can I find the form 990 for St Monica Gardens Inc?
St Monica Gardens Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Monica Gardens Inc
St. Monica Gardens Inc. is dedicated to providing low-income housing for the elderly and handicapped community. Operating under a HUD project, this nonprofit organization offers rental units that cater specifically to this demographic. By offering these housing solutions, St. Monica Gardens Inc. plays a significant role in ensuring that elderly and handicapped individuals have access to safe and affordable living spaces. This mission is pivotal in fostering an inclusive and supportive community for these vulnerable populations.
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Impact
October, 2024
St Monica Gardens Inc plays a vital role in enhancing the quality of life for low-income elderly and handicapped individuals in Lauderdale Lakes, FL. By offering affordable rental units through a HUD project, it ensures that vulnerable populations have access to safe and stable housing. This initiative not only alleviates housing insecurity but also fosters a sense of community among residents, enabling them to maintain their independence while receiving the support they need. The impact of St Monica Gardens extends beyond just providing shelter; it contributes to the overall well-being of elderly residents, helping to address social isolation and improve their quality of life.
This information is meant to be a general summary of St Monica 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 2023.
- Investment Income: $11,867
- Program Service Revenue: $878,741
- Gross Receipts: $890,608
Assets and Liabilities:
- Total Assets: $8,139,012
- Total Liabilities: $70,956
- Net Assets: $8,068,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$630,599
RENTAL INCOME, NET
Revenue
$242,293
COIN LAUNDRY AND VENDI
Revenue
$5,501
TENANT CHARGES
Revenue
$348
Organization Details
Founding Year
2006
Phone
(954) 484-1515Principal Officer
Rev Marcos Somarriba
Main Address
4790 N STATE ROAD 7, LAUDERDALE LAKES, FL, 33319
NTEE Category
Code: L22 - Housing
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