Overview
What is River Park Elderly Housing Inc?
River Park Elderly Housing Inc, a nonprofit organization situated in Milford, Connecticut, is dedicated to providing affordable housing options for the elderly community. Through its mission, it operates 39 units specifically designed for low-income elderly residents. The organization's primary focus is on offering subsidized housing, aiming to contribute positively to the lives of senior citizens in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
River Park Elderly Housing Inc has received a three-star rating from Charity Navigator, reflecting a score of 79% based entirely on its accountability and finance metrics. This rating indicates a solid level of organizational transparency and financial health, reassuring stakeholders of its reliability in managing resources.
The nonprofit demonstrates strong governance practices, with 100% of its board members being independent, and it has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention. Moreover, it excels in financial oversight, as evidenced by a well-managed program expense ratio of 85.75%, ensuring that the majority of its funding directly supports its mission.
However, while the organization scores well in accountability and financial management, details regarding its programmatic impact and effectiveness are not highlighted in the rating. Stakeholders may seek further information on the outcomes and services provided by River Park to fully assess its overall impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is River Park Elderly Housing Inc legitimate?
River Park Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River Park Elderly Housing 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: $120,327
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What is the mission statement of River Park Elderly Housing Inc?
River Park Elderly Housing Inc is committed to providing low-income, subsidized housing for the elderly. Located in an unspecified location, the organization's mission is to offer 39 units of housing for elderly individuals who fall under the low-income bracket. The primary goal of River Park Elderly Housing Inc is to ensure that elderly individuals have access to affordable housing, thereby enhancing their quality of life. The organization strives to provide a conducive living environment that caters to the unique needs of the elderly population, promoting their independence and well-being.
Who is the CEO of River Park Elderly Housing Inc?
Ronald Capozziello is the President of River Park Elderly Housing Inc.
What is the revenue of River Park Elderly Housing Inc?
River Park Elderly Housing Inc's revenue in 2022 was $764,593.
Who are the executives of River Park Elderly Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for River Park Elderly Housing Inc?
River Park Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of River Park Elderly Housing Inc
River Park Elderly Housing Inc, a nonprofit organization, is dedicated to providing low-income, subsidized elderly housing. Their mission is to offer a sanctuary for the elderly, ensuring they have access to affordable housing. Located in an unspecified location, River Park Apartments, a part of River Park Elderly Housing Inc, houses 39 units specifically designed for elderly individuals who fall under the low-income bracket. This organization plays a crucial role in providing a secure and comfortable environment for this vulnerable population, allowing them to live with dignity and independence.
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Impact
October, 2024
River Park Elderly Housing Inc significantly contributes to alleviating housing challenges for low-income elderly individuals in Milford, Connecticut. By providing 39 affordable, subsidized housing units, it plays a crucial role in enhancing the quality of life for seniors who may otherwise struggle to secure safe and stable living arrangements.
The organization's commitment to its mission fosters a supportive community, ensuring that elderly residents have access to essential resources and a comfortable living environment. This not only addresses immediate housing needs but also promotes overall well-being, independence, and a sense of belonging among residents.
Through this focused initiative, River Park Elderly Housing Inc positively impacts the local community by creating affordable housing opportunities, ultimately contributing to the economic stability and health of the elderly population in Milford.
This information is meant to be a general summary of River Park Elderly Housing 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: $315
- Program Service Revenue: $764,278
- Gross Receipts: $764,593
Assets and Liabilities:
- Total Assets: $2,501,474
- Total Liabilities: $2,372,636
- Net Assets: $128,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$764,278
Organization Details
Founding Year
1989
Phone
(203) 877-9518Principal Officer
Ronald Capozziello
Main Address
38 WEST RIVER STREET, MILFORD, CT, 06460
NTEE Category
Code: L22 - Housing
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