Overview
What is Supreme Council Fitzwater Development Corporation?
The Supreme Council Fitzwater Development Corporation, often referred to as Scottish Rite House, is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission revolves around providing affordable housing for low to moderate income senior citizens and handicapped residents. They oversee a 126-unit apartment project, regulated by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. The organization operates with a team of 10 dedicated individuals, ensuring that the project meets the needs of its residents effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
The Supreme Council Fitzwater Development Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization excels in governance, with a fully independent board and strong oversight, reflecting a commitment to ethical management practices. Additionally, the high program expense ratio suggests that a significant portion of funds is allocated directly to its programs, which is a positive sign for donors concerned about impact.
However, there are notable limitations in the organization's transparency and compliance with best practices. The missing tax form website, conflict of interest policy, whistleblower policy, and document retention policy indicate gaps that may raise concerns about governance and accountability. Furthermore, the high liabilities to assets ratio suggests potential financial instability, which could be a critical area for improvement moving forward.
Overall, while the Supreme Council Fitzwater Development Corporation demonstrates strengths in governance and program spending, the shortcomings in policy transparency and financial ratios may warrant caution for potential donors. Addressing these issues could enhance the organization's overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Supreme Council Fitzwater Development Corporation legitimate?
Supreme Council Fitzwater Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Supreme Council Fitzwater Development 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: $525,569
For more financial information, click here
What is the mission statement of Supreme Council Fitzwater Development Corporation?
The Supreme Council Fitzwater Development Corporation is dedicated to providing affordable housing for low and moderate-income senior citizens and individuals with disabilities. They operate a 126-unit apartment project under Section 202 of the National Housing Act, which is overseen by the U.S. Department of Housing and Urban Development. The corporation's mission is to serve this specific demographic, ensuring they have access to safe and suitable living spaces. Their project is regulated by the mentioned department, ensuring compliance with the act's guidelines.
Who is the CEO of Supreme Council Fitzwater Development Corporation?
Roland K Lee Sr is the Senior Housi of Supreme Council Fitzwater Development Corporation.
What is the revenue of Supreme Council Fitzwater Development Corporation?
Supreme Council Fitzwater Development Corporation's revenue in 2023 was $1,990,270.
Who are the executives of Supreme Council Fitzwater Development Corporation and what are their salaries?
The average compensation at Supreme Council Fitzwater Development Corporation during 2023 was $52,557. There are 10 employees at Supreme Council Fitzwater Development Corporation.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Supreme Council Fitzwater Development Corporation?
Supreme Council Fitzwater Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Supreme Council Fitzwater Development Corporation
The Supreme Council Fitzwater Development Corporation is committed to providing affordable housing solutions for low and moderate-income senior citizens and individuals with disabilities. Operating under Section 202 of the National Housing Act, this organization oversees a 126-unit apartment project, regulated by the U.S. Department of Housing and Urban Development. The corporation's mission is to ensure that these vulnerable groups have access to a safe and secure living environment, catering to their specific needs.
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Impact
October, 2024
Supreme Council Fitzwater Development Corporation significantly impacts the community by providing affordable housing specifically designed for low and moderate-income senior citizens and handicapped individuals. Operating a 126-unit apartment complex in Philadelphia, it ensures that some of the most vulnerable residents have access to safe and comfortable living conditions. Regulated under Section 202 of the National Housing Act, the project offers essential support to its residents, enhancing their quality of life. By focusing on this demographic, the organization addresses critical housing needs, promoting stability and dignity for those who may face challenges in securing adequate housing on their own.
This information is meant to be a general summary of Supreme Council Fitzwater Development 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 2023.
- Investment Income: $163
- Program Service Revenue: $1,976,167
- Gross Receipts: $1,990,270
Assets and Liabilities:
- Total Assets: $4,482,370
- Total Liabilities: $8,510,997
- Net Assets: -$4,028,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT: HUD PAYMENTS
Revenue
$1,587,994
RENT: APARTMENTS
Revenue
$428,409
SPECIAL CLAIMS REVENUE
Revenue
$4,918
VACANCIES: APARTMENTS
Revenue
-$45,154
Organization Details
Founding Year
1985
Phone
(215) 732-8484Principal Officer
Roland K Lee Sr
Main Address
1525 FITZWATER STREET, PHILADELPHIA, PA, 191462150
NTEE Category
Code: L200 - Housing
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