Overview
What is St George Senior Housing Corp?
St. George Senior Housing Corp is a nonprofit organization situated in Philadelphia, Pennsylvania. The primary mission of this organization is to provide housing for individuals who fall under the low-income category. More specifically, they cater to senior citizens aged 62 years and above, as well as disabled individuals and those with disabilities under 62 who receive Social Security income. Their activities encompass operating rental housing for these groups, thereby contributing to the well-being and comfort of the elderly and disabled population in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
St George Senior Housing Corp has received an 82% score, reflecting a strong emphasis on accountability and finance. The rating indicates that the organization demonstrates good financial health and governance practices, with a fully independent board and effective oversight on financial statements. Such transparency is crucial for building trust with donors and the community it serves.
The organization excels in various metrics, including maintaining a low ratio of liabilities to assets at 1.19% and a program expense ratio of 72.38%. This suggests that a significant portion of its resources is directed towards fulfilling its mission, rather than administrative costs. The commitment to documenting board meeting minutes further underscores the nonprofit's dedication to accountability.
While the score is commendable, it is important for potential supporters or beneficiaries to consider the overall context of the nonprofit's operations. Continued transparency and effective program execution will be vital for sustaining and potentially improving its reputation and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is St George Senior Housing Corp legitimate?
St George Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. St George Senior Housing Corp 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: $127,760
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What is the mission statement of St George Senior Housing Corp?
St. George Senior Housing Corp is dedicated to providing rental housing for individuals who fall under specific categories. This includes senior citizens aged 62 and above, individuals with disabilities under the age of 62, and low-income individuals who receive disability benefits. The corporation's primary mission is to operate rental housing that is affordable for these groups, ensuring they have a suitable living environment. Through the implementation of Section 8, they provide housing for individuals with low income.
Who is the CEO of St George Senior Housing Corp?
James D Apessos is the President of St George Senior Housing Corp.
What is the revenue of St George Senior Housing Corp?
St George Senior Housing Corp's revenue in 2022 was $1,573,465.
Who are the executives of St George Senior Housing Corp and what are their salaries?
There 13 volunteers at St George Senior Housing Corp.
Here are 13 key members and their salaries:
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Where can I find the form 990 for St George Senior Housing Corp?
St George Senior Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St George Senior Housing Corp
St. George Senior Housing Corp is dedicated to providing rental housing for individuals who fall into specific categories. Primarily, this nonprofit organization aims to house senior citizens who are 62 years old or above. However, it also extends its services to disabled individuals under 62 years old, provided they receive Social Security income. The mission of St. George Senior Housing Corp is to offer affordable housing solutions to this low-income demographic, ensuring that they have a secure and comfortable living space. The organization operates in compliance with Section 8, a program that provides housing assistance for eligible individuals and families. By providing rental housing, St. George Senior Housing Corp contributes to the well-being and stability of its residents, enabling them to live with dignity and independence.
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Impact
October, 2024
St. George Senior Housing Corp significantly impacts the community by providing affordable rental housing for low-income senior citizens aged 62 and older, as well as disabled individuals. Located in Philadelphia, it addresses a critical need for safe and supportive living environments for those often facing economic challenges, particularly seniors and individuals living with disabilities on fixed incomes.
By offering Section 8 housing, St. George enables residents to access quality accommodations without the burden of overwhelming rental costs, allowing them to allocate their limited resources toward essential needs such as healthcare, food, and transportation. The presence of this organization helps foster a supportive community where vulnerable populations can live with dignity and security.
Furthermore, St. George contributes to the well-being of its residents by creating an environment that promotes social engagement and reduces isolation, common among the elderly and disabled. This focus on community not only enhances the quality of life for residents but also strengthens the fabric of the community as a whole, making it a vital asset in the fight against homelessness and poverty among seniors and disabled individuals in the Philadelphia area.
This information is meant to be a general summary of St George Senior Housing Corp. 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.
- Program Service Revenue: $1,570,121
- Gross Receipts: $1,573,465
Assets and Liabilities:
- Total Assets: $2,395,353
- Total Liabilities: $140,015
- Net Assets: $2,255,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,570,121
Organization Details
Founding Year
1977
Phone
(215) 922-5177Principal Officer
James D Apessos
Main Address
850 LOCUST STREET, PHILADELPHIA, PA, 19107
NTEE Category
Code: L22 - Housing
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