Overview
What is Carlisle Senior Housing Associates?
Carlisle Senior Housing Associates is a nonprofit organization dedicated to serving the elderly community. They manage a 131-unit apartment building, offering 130 subsidized rent units to low-income seniors. Their primary mission is to provide affordable housing options for the elderly, aligning with their commitment to low income housing for this demographic. By offering subsidized rent, they make housing more accessible to those in need, contributing positively to the elderly population in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Carlisle Senior Housing Associates has received a solid score of 79% from Charity Navigator, indicating good accountability and financial health. The organization is notable for its fully independent board, with 100% of its members meeting this criterion, which enhances its governance. The presence of robust financial oversight mechanisms, such as an Audit and Oversight Committee, further strengthens its credibility.
The program expense ratio of 79.42% shows that the majority of its expenditures are directed towards its mission-related activities, reflecting a commitment to effective service delivery. Additionally, it has established strong policies for conflict of interest, whistleblower protections, and document management, which are essential for transparency and operational integrity.
However, the organization faces a challenge with its liabilities to assets ratio at 81.59%, indicating a potential concern regarding financial sustainability. While Carlisle Senior Housing Associates demonstrates strong practices in many areas, addressing its financial liabilities will be crucial for its long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Carlisle Senior Housing Associates legitimate?
Carlisle Senior Housing Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carlisle Senior Housing Associates 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: $173,575
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What is the mission statement of Carlisle Senior Housing Associates?
Carlisle Senior Housing Associates is committed to providing low-income housing for the elderly. They accomplish this mission by operating a 131-unit apartment building, offering 130 subsidized rental units to elderly individuals with limited income. This organization is dedicated to enhancing the living conditions of the elderly population, ensuring they have access to affordable housing.
Who is the CEO of Carlisle Senior Housing Associates?
Paul Hoch is the President of Carlisle Senior Housing Associates.
What is the revenue of Carlisle Senior Housing Associates?
Carlisle Senior Housing Associates's revenue in 2022 was $1,526,224.
Who are the executives of Carlisle Senior Housing Associates and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Carlisle Senior Housing Associates?
Carlisle Senior Housing Associates's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carlisle Senior Housing Associates
Carlisle Senior Housing Associates is dedicated to serving the needs of the elderly population, specifically those who are financially disadvantaged. Their primary mission is to provide affordable housing, offering 130 subsidized units in a 131-unit apartment building. This nonprofit organization is committed to fulfilling this mission, ensuring that low-income elderly individuals have a place to call home. By doing so, Carlisle Senior Housing Associates plays a crucial role in supporting the elderly community, enabling them to maintain their independence and dignity in their later years.
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Impact
October, 2024
Carlisle Senior Housing Associates significantly impacts the community by providing affordable housing for low-income elderly individuals in Carlisle, PA. By operating a 131-unit apartment building with 130 rent-subsidized units, it ensures that vulnerable seniors have access to safe and secure living conditions. This initiative not only meets critical housing needs but also fosters a sense of community among residents, promoting social interaction and support among seniors. The organization's commitment to affordable living spaces plays a vital role in enhancing the quality of life for elderly individuals, allowing them to age in place with dignity and stability.
This information is meant to be a general summary of Carlisle Senior Housing Associates. 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: $1,112
- Program Service Revenue: $1,383,783
- Gross Receipts: $1,526,224
Assets and Liabilities:
- Total Assets: $1,932,841
- Total Liabilities: $1,577,019
- Net Assets: $355,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,383,783
Organization Details
Founding Year
1980
Phone
(717) 249-1315Principal Officer
Paul Hoch
Main Address
ONE WEST PENN STREET, CARLISLE, PA, 17013
NTEE Category
Code: L22 - Housing
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