Overview
What is Simpson Fletcher Conestoga Community Corporation?
Simpson Fletcher Conestoga Community Corporation is a nonprofit organization located in Philadelphia, Pennsylvania. With a staff of seven dedicated individuals, their primary mission is to provide affordable housing for elderly or handicapped individuals or families. The corporation receives subsidies from the U.S. Department of Housing and Urban Development (HUD) to maintain and manage a low-income apartment building, housing 60 units. Their focus on accommodating vulnerable populations showcases their commitment to social justice and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
Simpson Fletcher Conestoga Community Corporation has received a two-star rating from Charity Navigator, indicating that there are several areas requiring enhancement. With an overall score of 67%, the organization demonstrates strengths in board independence and oversight, as evidenced by a fully independent board and a strong audit committee. Additionally, the program expense ratio is commendable at 100%, suggesting that all funds are directed toward the organization’s mission.
However, the nonprofit faces significant challenges, particularly concerning its financial management practices. The liabilities to assets ratio is notably high at 147.69%, which raises concerns about fiscal stability. Furthermore, the organization lacks several essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for maintaining transparency and accountability.
Overall, while Simpson Fletcher Conestoga Community Corporation shows promise in its governance structure, it must address its financial health and policy deficiencies to improve its rating and overall impact. Stakeholders should remain aware of these issues as they evaluate the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Simpson Fletcher Conestoga Community Corporation legitimate?
Simpson Fletcher Conestoga Community Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simpson Fletcher Conestoga Community Corporation 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: $151,504
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What is the mission statement of Simpson Fletcher Conestoga Community Corporation?
The Simpson Fletcher Conestoga Community Corporation's mission is centered around providing affordable housing for elderly or handicapped individuals and families. This is accomplished through a partnership with the U.S. Department of Housing and Urban Development (HUD), which subsidizes the rental of 60 units in a low-income apartment building. The corporation's purpose is to make housing accessible for these groups, thereby contributing to their overall well-being.
Who is the CEO of Simpson Fletcher Conestoga Community Corporation?
Simpson Fletcher Conestoga Communit is the Principal Officer of Simpson Fletcher Conestoga Community Corporation.
What is the revenue of Simpson Fletcher Conestoga Community Corporation?
Simpson Fletcher Conestoga Community Corporation's revenue in 2022 was $864,168.
Who are the executives of Simpson Fletcher Conestoga Community Corporation and what are their salaries?
The average compensation at Simpson Fletcher Conestoga Community Corporation during 2022 was $21,643. There are 7 employees at Simpson Fletcher Conestoga Community Corporation.
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Where can I find the form 990 for Simpson Fletcher Conestoga Community Corporation?
Simpson Fletcher Conestoga Community Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Simpson Fletcher Conestoga Community Corporation
Simpson Fletcher Conestoga Community Corporation is dedicated to providing affordable housing solutions for elderly or handicapped individuals and families. This nonprofit organization receives subsidies from the U.S. Department of Housing and Urban Development (HUD) to fulfill its mission. The corporation manages a low-income apartment building, housing 60 units, which are specifically designed for these individuals and families. By offering subsidized rentals, Simpson Fletcher Conestoga Community Corporation plays a significant role in ensuring that these vulnerable groups have access to safe and comfortable living spaces. The organization's work contributes to the overall well-being of its residents, providing them with a stable living environment that supports their needs.
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Impact
October, 2024
Simpson Fletcher Conestoga Community Corporation significantly enhances the quality of life for elderly and handicapped individuals and families in Philadelphia by providing low-income housing options. With a focus on accessibility and affordability, the organization operates a 60-unit apartment building that offers subsidized rental opportunities. This support helps to alleviate the financial burden on vulnerable populations, ensuring that they have a safe and stable living environment.
By partnering with the U.S. Department of Housing and Urban Development (HUD), the organization not only secures vital funding but also adheres to standards that promote community integration and accessibility. This impact extends beyond housing; it fosters a sense of community among residents, ensuring they have access to resources and support networks essential for their well-being. Overall, Simpson Fletcher Conestoga Community Corporation plays a crucial role in addressing the housing needs of some of the city's most vulnerable residents, contributing to their dignity and independence.
This information is meant to be a general summary of Simpson Fletcher Conestoga Community Corporation. 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: $328
- Program Service Revenue: $863,840
- Gross Receipts: $864,168
Assets and Liabilities:
- Total Assets: $1,454,585
- Total Liabilities: $2,020,765
- Net Assets: -$566,180
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$227,795
FEES AND CONTRACTS FROM GOVERNMENTAL AGENCIES
Revenue
$636,045
Organization Details
Founding Year
1994
Phone
(215) 477-9300Principal Officer
Simpson Fletcher Conestoga Communit
Main Address
5353 W MASTER STREET, PHILADELPHIA, PA, 19131
NTEE Category
Code: L21Z - Housing
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