Overview
What is Miss Laura M Raymond Homes Inc?
Miss Laura M Raymond Homes Inc is a nonprofit organization that specializes in providing affordable housing for the elderly with low income. Located within their operations, they manage and maintain 50 units of elderly housing, ensuring these units remain accessible for those in need. The organization's primary mission is to own and operate these residential units, providing a vital service to this demographic in their community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77%, Three-Star out of Four Star rating.
Miss Laura M Raymond Homes Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance primarily in accountability and finance. The organization scored particularly well in its governance structure, with 100% of board members being independent and a strong commitment to oversight as evidenced by its audit and oversight committee. The charity has a good program expense ratio, which suggests that a significant portion of funds is directed towards its mission-related activities.
However, the organization does face some challenges, particularly reflected in its liabilities to assets ratio, which indicates a higher level of liabilities in relation to its assets. While this does not detract from its overall accountability, it is a point of consideration for potential donors who might be concerned about financial stability. Overall, the charity demonstrates a commitment to transparency and responsible financial management, making it a trustworthy option for supporting its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Miss Laura M Raymond Homes Inc legitimate?
Miss Laura M Raymond Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miss Laura M Raymond Homes 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.
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What is the mission statement of Miss Laura M Raymond Homes Inc?
Miss Laura M Raymond Homes Inc is committed to providing affordable housing for the elderly with limited income. The organization operates 50 units specifically designed for this demographic, ensuring they have a safe and comfortable living space. By owning and managing these properties, Miss Laura M Raymond Homes Inc contributes to the community by providing housing solutions for elderly individuals who may otherwise struggle to secure adequate housing. The organization's focus on low-income elderly housing is a testament to its dedication to supporting vulnerable populations and ensuring they have access to essential living needs.
Who is the CEO of Miss Laura M Raymond Homes Inc?
David Shockley is the President of Miss Laura M Raymond Homes Inc.
What is the revenue of Miss Laura M Raymond Homes Inc?
Miss Laura M Raymond Homes Inc's revenue in 2023 was $1,091,385.
Who are the executives of Miss Laura M Raymond Homes 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 Miss Laura M Raymond Homes Inc?
Miss Laura M Raymond Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Miss Laura M Raymond Homes Inc
Miss Laura M Raymond Homes Inc, as a nonprofit organization, is committed to providing affordable housing for the elderly with limited income. The organization's mission is evident in its operations, as it currently manages and maintains 50 units of senior living accommodations. This commitment to elderly housing not only ensures a roof over the heads of those in need but also contributes to their overall well-being and independence. By owning and operating this housing project, Miss Laura M Raymond Homes Inc plays a significant role in providing a stable living environment for its residents, enabling them to live with dignity and security. The organization's mission is a testament to its dedication to serving the elderly community and addressing the critical need for affordable housing.
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Impact
October, 2024
Miss Laura M Raymond Homes Inc plays a critical role in addressing the housing needs of low-income elderly individuals in Norwalk, CT. By providing 50 units of affordable housing, the organization creates a safe and stable living environment for seniors, ensuring they have access to essential resources and community support. This initiative not only improves the quality of life for residents but also fosters a sense of community among them, combating isolation and promoting social engagement. The organization’s commitment to low-income housing is vital in enhancing the well-being of one of the most vulnerable populations in society, allowing elderly residents to maintain their independence while living in a supportive environment.
This information is meant to be a general summary of Miss Laura M Raymond Homes 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: $336
- Program Service Revenue: $1,087,882
- Gross Receipts: $1,091,385
Assets and Liabilities:
- Total Assets: $2,934,363
- Total Liabilities: $1,981,751
- Net Assets: $952,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,087,882
Organization Details
Founding Year
1983
Phone
(203) 846-4500Principal Officer
David Shockley
Main Address
290 MAIN AVENUE, NORWALK, CT, 06851
NTEE Category
Code: L220 - Housing
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