Overview
What is Middlebury Senior Housing Associates Inc - Woodside Heights?
Middlebury Senior Housing Associates Inc - Woodside Heights is a nonprofit organization situated in Middlebury, Connecticut, specifically at 500 Woodside Avenue. Their primary mission is to offer affordable housing for the elderly, operating a complex comprising 71 units. The organization adheres to Section 202 of the National Housing Act, catering to eligible individuals in need of low-income accommodations. The corporation's unwavering commitment is to provide a living space for the elderly, ensuring they can reside in a secure and supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Middlebury Senior Housing Associates Inc - Woodside Heights has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's score is primarily derived from its accountability and finance metrics, achieving a score of 75 in this area. This rating reflects positively on the organization’s governance and financial practices, including an independent board and robust oversight mechanisms.
One of the strengths highlighted in the evaluation is the presence of a majority independent board, which received full points for governance. The organization also demonstrated effective financial oversight, with a commendable program expense ratio of 85.41%, indicating a strong allocation of funds towards its mission-driven activities. Additionally, it has established policies for conflict of interest and document retention, further showcasing its commitment to transparency.
However, the rating is tempered by a significant concern regarding the liabilities to assets ratio, which stands at 515.64%. This suggests potential financial risks that could impact the organization’s sustainability in the long term. While the organization excels in accountability, addressing its financial liability issues may be essential for maintaining its operational health.
This AI summary has been generated from information found on Charity Navigator.
Is Middlebury Senior Housing Associates Inc - Woodside Heights legitimate?
Middlebury Senior Housing Associates Inc - Woodside Heights is a legitimate nonprofit organization registered as a 501(c)(3) entity. Middlebury Senior Housing Associates Inc - Woodside Heights 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: $208,210
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What is the mission statement of Middlebury Senior Housing Associates Inc - Woodside Heights?
Middlebury Senior Housing Associates Inc's subsidiary, Woodside Heights, is committed to providing low-income housing for the elderly. This mission is carried out through the operation of an apartment complex, which houses eligible individuals under Section 202 of the National Housing Act. The organization strives to offer a comfortable living environment for its residents, ensuring they maintain a dignified standard of living in their golden years. It is dedicated to making affordable housing an accessible option for the elderly, thereby contributing to their overall well-being and independence. The complex, consisting of 71 units, serves as a sanctuary where elderly individuals can reside with peace and security.
Who is the CEO of Middlebury Senior Housing Associates Inc - Woodside Heights?
Elaine M R Strobel is the President of Middlebury Senior Housing Associates Inc - Woodside Heights.
What is the revenue of Middlebury Senior Housing Associates Inc - Woodside Heights?
Middlebury Senior Housing Associates Inc - Woodside Heights's revenue in 2022 was $789,097.
Who are the executives of Middlebury Senior Housing Associates Inc - Woodside Heights and what are their salaries?
There 8 volunteers at Middlebury Senior Housing Associates Inc - Woodside Heights.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Middlebury Senior Housing Associates Inc - Woodside Heights?
Middlebury Senior Housing Associates Inc - Woodside Heights's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Middlebury Senior Housing Associates Inc - Woodside Heights
Middlebury Senior Housing Associates Inc, specifically its Woodside Heights division, is committed to providing low-income housing for the elderly. This mission is enacted through the operation of an apartment complex, housing a total of 71 units. This complex serves as a sanctuary for eligible individuals, offering them affordable housing under Section 202 of the National Housing Act. The corporation's primary goal is to ensure that the elderly, who often have limited financial resources, have access to safe and comfortable living spaces. By providing such housing, Middlebury Senior Housing Associates Inc - Woodside Heights contributes to the well-being of its elderly residents, enabling them to maintain their independence and dignity while living in a supportive community.
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Impact
October, 2024
Middlebury Senior Housing Associates Inc - Woodside Heights plays a crucial role in addressing the housing needs of elderly individuals in Middlebury, CT. By providing low-income housing through a 71-unit apartment complex, the organization ensures that eligible seniors have access to safe and affordable living conditions. This initiative not only alleviates housing insecurity but also fosters a sense of community among residents, allowing them to maintain their independence while having access to necessary support services. The impact is significant, as it contributes to the overall well-being of the aging population, enhancing their quality of life and promoting dignity in their later years.
This information is meant to be a general summary of Middlebury Senior Housing Associates Inc - Woodside Heights. 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: $744
- Program Service Revenue: $765,003
- Gross Receipts: $789,097
Assets and Liabilities:
- Total Assets: $1,357,151
- Total Liabilities: $6,135,733
- Net Assets: -$4,778,582
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$765,003
Organization Details
Founding Year
1994
Phone
(203) 230-4809Principal Officer
Elaine M R Strobel
Main Address
500 WOODSIDE AVENUE, MIDDLEBURY, CT, 06752
NTEE Category
Code: L22 - Housing
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