Overview
What is Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments?
Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments is a nonprofit organization located at 100 Racquette Rd, Potsdam, NY 13676. Its primary mission is to provide subsidized housing for eligible senior citizens and disabled individuals aged 18 years and above. The organization aims to enhance the well-being of senior citizens in the local area by offering a community center where they can find companionship, recreation, and an opportunity to engage in lifelong interests and develop new ones. Additionally, this nonprofit operates a 65-unit housing project specifically designed for these eligible individuals.
Official website here: www.potsdamhousingauthority.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
The Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments has received an 84% rating, indicating a solid performance in terms of accountability and finances. The overall score is based entirely on these metrics, highlighting the organization’s commitment to financial responsibility. Notably, the organization boasts a fully independent board, which is comprised of ten members, ensuring diverse perspectives and governance.
The financial oversight of the organization is strong, as demonstrated by its favorable audit and oversight committee scores and a low liabilities to assets ratio of 24.04%. Additionally, a significant portion of its expenses, 71.56%, is directed towards programs, showcasing a focus on fulfilling its mission and serving its community.
However, the organization does have areas that require improvement. It lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy. Furthermore, the nonprofit has not posted its tax form on its website, which impacts transparency. Addressing these gaps could enhance its accountability and overall rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments legitimate?
Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments 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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For more financial information, click here
Official website here: www.potsdamhousingauthority.com
What is the mission statement of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments?
The mission of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments is centered around promoting the well-being of senior citizens and the disabled in their community. The organization aims to provide a social hub where elderly individuals can find companionship, recreation, and an opportunity to pursue lifelong interests and develop new ones. Additionally, the club seeks to initiate programs that will attract seniors in the area to actively participate and become members. The primary objective is to enhance the lives of senior citizens in their community.
Official website here: www.potsdamhousingauthority.com
Who is the CEO of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments?
Robert Santamoor is the President of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments.
Official website here: www.potsdamhousingauthority.com
What is the revenue of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments?
Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments's revenue in 2022 was $659,355.
Official website here: www.potsdamhousingauthority.com
Who are the executives of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.potsdamhousingauthority.com
Where can I find the form 990 for Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments?
Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.potsdamhousingauthority.com
Learn more at the official website: www.potsdamhousingauthority.com
Mission Statement of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments
Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments is an organization dedicated to enhancing the lives of senior citizens and disabled individuals aged 18 and above. Its primary mission is to promote their well-being and offer a congenial environment where they can find companionship, engagement, and the opportunity to pursue their interests. The club aims to foster programs that attract senior citizens in the area, encouraging them to engage actively in their community. The purpose of this organization extends beyond providing subsidized housing. It strives to create a center where senior citizens can connect, socialize, and engage in activities that cater to their lifelong interests, thereby enriching their lives.
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Impact
July, 2024
The impact of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments is substantial in providing subsidized housing for eligible senior citizens and disabled persons aged 18 and older in Potsdam, NY. By operating a 65-unit subsidized housing project, this organization offers a vital service that supports the well-being and quality of life for this vulnerable population. Furthermore, their mission to promote the good and welfare of senior citizens, provide a center for companionship and recreation, and develop programs to benefit and attract active members in the area signifies a commitment to enhancing the lives of seniors in the community. The organization's focus on human services demonstrates a dedication to meeting the needs of this demographic and fostering a supportive environment for aging individuals.
This information is meant to be a general summary of Potsdam Sandstone Senior Citizens Club Inc Midtown Apartments. 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: $575
- Program Service Revenue: $655,713
- Gross Receipts: $659,355
Assets and Liabilities:
- Total Assets: $3,546,979
- Total Liabilities: $852,960
- Net Assets: $2,694,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD RENT SUBSIDY
Revenue
$532,608
TENANT RENT INCOME
Revenue
$123,105
Organization Details
Founding Year
1989
Phone
(315) 265-3680Principal Officer
Robert Santamoor
Main Address
100 RACQUETTE RD, POTSDAM, NY, 13676
NTEE Category
Code: P81 - Human services
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