Overview
What is Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc?
Seligman J Strauss Lodge of B'Nai B'Rith Housing Foundation Inc is a nonprofit organization situated in Wilkes-Barre, Pennsylvania. Established with the mission to provide affordable housing for the elderly and handicapped individuals, the foundation entered into a 29-year lease agreement with B'Nai B'Rith Apartments LP, a related entity, in 2019. The foundation serves as the sole member of the managing general partner, B'Nai B'Rith Housing of Wilkes-Barre Inc, and is the project owner, covering the land and improvements where the project is situated. The foundation's mission to provide low-income housing for the elderly and handicapped persons in Wilkes-Barre continues to be a vital resource within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%
Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc has received a low score of 34%, which results in a Zero-Star out of Four Star rating. This score indicates significant issues regarding accountability and financial management, particularly highlighted by a lack of independent board members, which scored 0 out of 10 points. Additionally, the organization shows a concerning liabilities to assets ratio of 380.03%, and a program expense ratio of 0.00%, suggesting minimal funds are being allocated towards its stated programs.
On the positive side, the nonprofit has established certain governance policies, such as a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which received full marks. The organization also provides minutes from board meetings, indicating some level of transparency in its operations. However, the absence of a website for posting essential documents, including the tax form, raises questions about its commitment to transparency and accountability.
Overall, while there are some strengths in governance policies, the critical financial issues and lack of independent oversight highlighted by the low score present serious concerns for potential donors and stakeholders. It is essential for the organization to address these weaknesses to improve its standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc legitimate?
Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation 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: $0
For more financial information, click here
What is the mission statement of Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc?
The Seligman J Strauss Lodge of B'Nai B'Rith Housing Foundation Inc is committed to providing low-income housing for elderly and handicapped individuals. This mission is carried out through various means, including entering into long-term leases for housing projects and serving as the sole member of the managing general partner. The foundation's primary goal is to offer affordable housing solutions to individuals who may face challenges due to age or disability. The organization's activities are centered around ensuring that these individuals have access to safe and secure living spaces.
Who is the CEO of Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc?
Michael Wieder is the President of Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc.
What is the revenue of Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc?
Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc's revenue in 2022 was $95,188.
Who are the executives of Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc?
Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc
Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc is committed to providing low-income housing for elderly and handicapped individuals. The organization's mission is centered around ensuring that these vulnerable groups have access to suitable living quarters. In 2019, the foundation entered into a 29-year ground lease with B'Nai B'Rith Apartments LP, a related entity. As a result, Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc became the sole member of the managing general partner, B'Nai B'Rith Housing of Wilkes Barre Inc. The foundation now owns the project, which encompasses the land and improvements upon which the project is situated. By providing low-income housing, Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc is making a significant difference in the lives of elderly and handicapped individuals, offering them a secure and comfortable living environment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc significantly impacts its community by providing essential low-income housing for elderly and handicapped individuals. By entering into a long-term ground lease with B'nai B'rith Apartments LP, the foundation ensures the sustainability and stability of housing options in Wilkes Barre, PA. This initiative not only addresses critical housing needs but also fosters a supportive environment for vulnerable populations, enhancing their quality of life. Additionally, as the sole member of the managing general partner, B'nai B'rith Housing of Wilkes Barre Inc., the foundation plays a vital role in managing and maintaining these housing developments, ensuring they meet the needs of residents and contribute to the overall welfare of the community.
This information is meant to be a general summary of Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation 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.
- Gross Receipts: $95,188
Assets and Liabilities:
- Total Assets: $639,753
- Total Liabilities: $2,431,261
- Net Assets: -$1,791,508
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1970
Phone
(570) 825-8594Principal Officer
Michael Wieder
Main Address
61 E NORTHAMPTON STREET, WILKES BARRE, PA, 18701
NTEE Category
Code: L22 - Housing
If you are a representative of Seligman J Strauss Lodge Of B'Nai B'Rith Housing Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.