Overview
What is Episcopal Towers Shippensburg Pa?
Episcopal Towers Shippensburg Pa is a nonprofit organization that provides low-income housing for elderly or handicapped individuals. Situated in East Petersburg, Pennsylvania, it operates a 95-unit apartment complex under Section 202 of the National Housing Act. The mission of Episcopal Towers Shippensburg Pa is to offer a living space for those in need, ensuring they have a secure and comfortable environment. This community-focused organization is dedicated to supporting the elderly and handicapped population in the area, making housing more accessible and affordable for them.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 71%, Two-Star out of Four Star rating.
Episcopal Towers has demonstrated strong governance metrics, including a fully independent board and a solid score for its audit and oversight committee. The organization also shows robust program expenditure, with 90.66% of its expenses going directly to programs. However, it does have several areas needing improvement, such as the absence of a whistleblower policy and document retention policies, which are critical for transparency and accountability.
Financially, Episcopal Towers faces challenges with a liabilities to assets ratio of 162.69%, indicating a potential risk regarding its financial sustainability. This ratio has contributed to the lower overall rating. While the organization does well in certain areas, these financial and policy shortcomings raise concerns about long-term operational efficacy and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal Towers Shippensburg Pa legitimate?
Episcopal Towers Shippensburg Pa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Towers Shippensburg Pa 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: $127,068
For more financial information, click here
What is the mission statement of Episcopal Towers Shippensburg Pa?
The mission of Episcopal Towers, regardless of its specific location, is centered around operating a 95-unit elderly apartment complex. This operation falls under Section 202 of the National Housing Act, aiming to provide housing for low-income elderly or handicapped individuals. The objective is to provide a suitable living environment, ensuring that these individuals have access to affordable housing options. The complex serves as a vital resource, contributing to the well-being and independence of its inhabitants.
Who is the CEO of Episcopal Towers Shippensburg Pa?
William Graffius is the President of Episcopal Towers Shippensburg Pa.
What is the revenue of Episcopal Towers Shippensburg Pa?
Episcopal Towers Shippensburg Pa's revenue in 2022 was $907,716.
Who are the executives of Episcopal Towers Shippensburg Pa and what are their salaries?
There 8 volunteers at Episcopal Towers Shippensburg Pa.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Episcopal Towers Shippensburg Pa?
Episcopal Towers Shippensburg Pa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Episcopal Towers Shippensburg Pa
Episcopal Towers, a nonprofit organization, is dedicated to operating a 95-unit elderly apartment complex under Section 202 of the National Housing Act. This mission is geared towards providing affordable housing for low-income elderly or handicapped individuals. The complex offers 95 units, each designed to cater to the specific needs of its residents, ensuring a comfortable living environment. The organization's goal is to contribute to the well-being of its residents by offering them a secure and affordable place to call home.
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Impact
October, 2024
Episcopal Towers in Shippensburg, PA, plays a vital role in providing affordable housing for low-income elderly or handicapped individuals. By operating a 95-unit apartment complex under Section 202 of the National Housing Act, it addresses a critical need for accessible and affordable living options in the community. This facility not only offers a safe and supportive environment for its residents but also fosters a sense of community among individuals who may otherwise face challenges in securing adequate housing. The impact of Episcopal Towers extends beyond just providing shelter; it enhances the quality of life for its residents, allowing them to age in place with dignity and receive necessary support in a caring environment.
This information is meant to be a general summary of Episcopal Towers Shippensburg Pa. 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: $206
- Program Service Revenue: $898,433
- Gross Receipts: $907,716
Assets and Liabilities:
- Total Assets: $2,137,970
- Total Liabilities: $3,569,303
- Net Assets: -$1,431,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE SUBSIDIES
Revenue
$583,773
RENTAL REVENUE
Revenue
$314,660
Organization Details
Founding Year
1984
Phone
(717) 898-2292Principal Officer
William Graffius
Main Address
PO BOX 576, EAST PETERSBURG, PA, 175209998
NTEE Category
Code: L21Z - Housing
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