Overview
What is Saint Cecilia's House Inc C/O Maloney Properties Inc?
Saint Cecilia's House Inc C/O Maloney Properties Inc is a nonprofit organization situated in Wellesley, Massachusetts. Their primary mission is to provide housing facilities and supportive services tailored to the physical, social, and psychological needs of elderly and handicapped individuals. This mission is accomplished through funding from the U.S. Department of Housing and Urban Development (HUD) under Section 202 program and rental assistance through a HUD Section 8 contract. The nonprofit's current program focuses on offering affordable housing to qualified low-income individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Saint Cecilia's House Inc, evaluated by Charity Navigator, holds an overall score of 86%, reflecting a strong commitment to accountability and financial management. The charity earned high marks for having a majority of independent board members, which indicates robust governance practices. Additionally, their financial oversight and lack of material asset diversion demonstrate responsible stewardship of funds.
The organization also scored perfectly in several key areas, including financial statements oversight and maintaining a low liabilities-to-assets ratio. With a program expense ratio of 100%, it shows that all funds are directed towards fulfilling its mission, suggesting a strong focus on program delivery rather than administrative expenses.
While the three-star rating indicates good performance, potential donors and stakeholders may want to consider the charity’s operational scale and impact further. Overall, Saint Cecilia's House Inc demonstrates effective financial practices but may need to showcase broader outcomes and community impact to enhance its reputation further.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Cecilia's House Inc C/O Maloney Properties Inc legitimate?
Saint Cecilia's House Inc C/O Maloney Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Cecilia's House Inc C/O Maloney Properties 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:
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Other Salaries and Wages: $288,468
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What is the mission statement of Saint Cecilia's House Inc C/O Maloney Properties Inc?
Saint Cecilia's House Inc, under the oversight of Maloney Properties Inc, is committed to providing affordable housing for qualified low-income individuals. Their primary activity is funded by the U.S. Department of Housing and Urban Development (HUD) under Section 202. The organization's mission extends beyond just providing housing; it aims to offer housing facilities and services specifically tailored to meet the physical, social, and psychological needs of elderly and handicapped individuals. This is achieved through funding from HUD's Section 202 program and rental assistance through a HUD Section 8 contract.
Who is the CEO of Saint Cecilia's House Inc C/O Maloney Properties Inc?
Edward Demers is the President of Saint Cecilia's House Inc C/O Maloney Properties Inc.
What is the revenue of Saint Cecilia's House Inc C/O Maloney Properties Inc?
Saint Cecilia's House Inc C/O Maloney Properties Inc's revenue in 2023 was $1,397,226.
Who are the executives of Saint Cecilia's House Inc C/O Maloney Properties Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Saint Cecilia's House Inc C/O Maloney Properties Inc?
Saint Cecilia's House Inc C/O Maloney Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Saint Cecilia's House Inc C/O Maloney Properties Inc
Saint Cecilia's House Inc, under the oversight of Maloney Properties Inc, is committed to providing housing solutions for qualified low-income individuals, with a special focus on the elderly and handicapped. The organization's mission is to create housing facilities that cater specifically to the unique needs of these individuals. This is achieved through funding from the U.S. Department of Housing and Urban Development (HUD) under the Section 202 program. The facilities are designed to meet the physical, social, and psychological needs of the residents, ensuring a living environment that promotes their well-being. In addition to the housing provision, Saint Cecilia's House Inc also offers rental assistance through a HUD Section 8 contract, further supporting the elderly and handicapped residents in maintaining their living standards.
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Impact
October, 2024
Saint Cecilia's House Inc C/O Maloney Properties Inc plays a vital role in addressing housing needs for low-income individuals, particularly the elderly and handicapped. By providing affordable housing options tailored to the unique requirements of these populations, it facilitates a living environment that promotes physical safety, social engagement, and psychological well-being.
The organization operates under the HUD Section 202 program, which supports the development of affordable housing for seniors. This initiative ensures that residents have access to housing facilities equipped with services designed to meet their specific needs. In conjunction with rental assistance provided through a HUD Section 8 contract, the organization helps alleviate financial burdens, allowing residents to maintain their independence while receiving essential support.
In the Wellesley, MA community, the impact extends beyond merely providing shelter; it fosters a sense of belonging and stability. By catering to the requirements of elderly and handicapped individuals, Saint Cecilia's House Inc enhances the quality of life for its residents, impacting their health and overall well-being. The program helps combat issues such as social isolation and housing insecurity, contributing positively to the community as a whole.
This information is meant to be a general summary of Saint Cecilia's House Inc C/O Maloney Properties 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: $2,829
- Program Service Revenue: $1,392,830
- Gross Receipts: $1,397,226
Assets and Liabilities:
- Total Assets: $4,732,190
- Total Liabilities: $140,770
- Net Assets: $4,591,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,392,830
Organization Details
Founding Year
1991
Phone
(781) 943-0200Principal Officer
Edward Demers
Main Address
27 MICA LANE, WELLESLEY, MA, 024811707
NTEE Category
Code: L22Z - Housing
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