Overview
What is St Matthew Housing Development Inc?
St Matthew Housing Development Inc, located in Philadelphia, Pennsylvania, is a nonprofit organization dedicated to providing affordable housing solutions. Specifically, they focus on senior citizens and individuals with disabilities, offering housing options under Section 8 of the National Housing Act. With a small team of three employees, they operate as St Matthew Manor, offering a safe and inclusive living environment for those in need. Their mission is to ensure that these vulnerable groups have access to suitable housing, enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator rating: 75%, Three-Star out of Four Star rating.
St Matthew Housing Development Inc has received a three-star rating due to its solid performance in accountability and finance, where it scores 75%. The rating reflects the organization’s commitment to maintaining a transparent and financially responsible operation, which is crucial for donor trust and support.
The nonprofit boasts an entirely independent board, which is a strong point in governance. Additionally, it has a high program expense ratio of 84.53%, indicating that a significant portion of its expenses goes directly towards its mission-related programs, rather than administrative costs. The organization also adheres to best practices with policies for whistleblower protection and document retention.
While the overall rating is positive, it is solely based on the accountability and finance beacon, suggesting that there is limited information on other aspects of its operations, such as program effectiveness or community impact. This focus may imply the need for a broader evaluation of the organization’s overall performance and contributions to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is St Matthew Housing Development Inc legitimate?
St Matthew Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Matthew Housing Development 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: $130,529
For more financial information, click here
What is the mission statement of St Matthew Housing Development Inc?
St. Matthew Housing Development Inc. is committed to providing affordable housing options for senior citizens and individuals with disabilities. This is achieved under Section 8 of the National Housing Act. The organization's mission is centered around ensuring that these vulnerable groups have access to suitable living accommodations. Their goal is to contribute positively to their well-being and improve their quality of life. The housing developed by St. Matthew Housing Development Inc. adheres to the guidelines set out by the National Housing Act, providing a safe and comfortable living environment for its residents.
Who is the CEO of St Matthew Housing Development Inc?
Reverend Vernon Byrd is the President of St Matthew Housing Development Inc.
What is the revenue of St Matthew Housing Development Inc?
St Matthew Housing Development Inc's revenue in 2022 was $892,131.
Who are the executives of St Matthew Housing Development Inc and what are their salaries?
The average compensation at St Matthew Housing Development Inc during 2022 was $43,510. There are 3 employees at St Matthew Housing Development Inc.
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Where can I find the form 990 for St Matthew Housing Development Inc?
St Matthew Housing Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Matthew Housing Development Inc
St. Matthew Housing Development Inc is dedicated to providing affordable housing solutions for senior citizens and individuals with disabilities. This mission is carried out under Section 8 of the National Housing Act, a government program that aims to make housing accessible to those with low income. The organization's primary focus is on creating a home for these vulnerable groups, ensuring they have a safe and comfortable living environment. By offering housing under this act, St. Matthew Housing Development Inc is contributing significantly to the well-being and independence of senior citizens and disabled individuals, allowing them to live with dignity and security.
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Impact
October, 2024
St. Matthew Housing Development Inc significantly enhances the quality of life for low-income senior citizens and handicapped individuals in Philadelphia by providing affordable housing solutions under Section 8 of the National Housing Act. By focusing on this vulnerable population, the organization helps to ensure that seniors and individuals with disabilities have access to safe and accessible housing, which is essential for promoting independence and well-being.
The impact of St. Matthew Housing Development Inc is multifaceted. It alleviates the financial burden on low-income residents, allowing them to allocate resources towards other essential needs like healthcare and personal care. Moreover, by fostering a supportive community environment, it enhances social connections and reduces isolation among seniors and people with disabilities.
This initiative also contributes to the overall stability of neighborhoods, as stable housing can lead to improved health outcomes and community engagement. Overall, St. Matthew Housing Development Inc plays a crucial role in addressing housing insecurity for some of the most vulnerable populations, making a lasting difference in their lives and the community at large.
This information is meant to be a general summary of St Matthew Housing Development 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: $155
- Program Service Revenue: $891,976
- Gross Receipts: $892,131
Assets and Liabilities:
- Total Assets: $2,578,789
- Total Liabilities: $4,150,084
- Net Assets: -$1,571,295
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & CONTRACTS FROM
Revenue
$707,272
APARTMENT RENTALS
Revenue
$171,853
SPECIAL CLAIMS REVENUE
Revenue
$6,446
LAUNDRY & VENDING INCO
Revenue
$5,910
TENANT CHARGES
Revenue
$495
Organization Details
Founding Year
1982
Phone
(215) 748-3310Principal Officer
Reverend Vernon Byrd
Main Address
230-242 North 57TH Street, Philadelphia, PA, 19139
NTEE Category
Code: L22 - Housing
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