Overview
What is Ardmore Housing For The Elderly Inc?
Ardmore Housing For The Elderly Inc is a nonprofit organization located at 75 Ardmore Avenue, Ardmore, Pennsylvania. Their primary mission is to offer housing facilities and services tailored to the unique needs of low-income elderly individuals. The organization strives to enhance the physical, social, and psychological well-being of the elderly population, ensuring their overall health, security, happiness, and continued productivity in later years. With a dedicated workforce of five employees, Ardmore Housing For The Elderly Inc provides a supportive environment that caters to the specific requirements of its elderly residents.
Official website here: www.ardmorehouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Ardmore Housing For The Elderly Inc has achieved an 82% rating from Charity Navigator, indicating a strong performance primarily in accountability and finance. This score reflects the organization's commitment to transparency and responsible financial management, as evidenced by its perfect scores in various governance areas, including having an entirely independent board and comprehensive conflict of interest policies.
The nonprofit demonstrates a solid program expense ratio of 76.42%, which shows that a significant portion of its funds is directed towards its programs rather than administrative costs. The absence of material diversion of assets further strengthens its financial integrity, as does its comprehensive financial documentation practices.
However, the organization does have a relatively high liabilities to assets ratio of 68.12%, which may raise some concerns about its financial stability. While the charity's overall governance and operational practices are commendable, stakeholders might want to consider this financial aspect when assessing its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Ardmore Housing For The Elderly Inc legitimate?
Ardmore Housing For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ardmore Housing For The Elderly Inc 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: $160,160
For more financial information, click here
Official website here: www.ardmorehouse.org
What is the mission statement of Ardmore Housing For The Elderly Inc?
Ardmore Housing For The Elderly Inc's mission is centered around providing elderly individuals with suitable rental housing and associated facilities and services. This is done in a manner that caters to their physical, social, and psychological needs, aiming to enhance their health, security, happiness, and productivity in their later years. The organization operates on a non-profit basis, offering housing facilities and services tailored to the specific requirements of low-income elderly individuals.
Official website here: www.ardmorehouse.org
Who is the CEO of Ardmore Housing For The Elderly Inc?
Maryam Phillips is the President of Ardmore Housing For The Elderly Inc.
Official website here: www.ardmorehouse.org
What is the revenue of Ardmore Housing For The Elderly Inc?
Ardmore Housing For The Elderly Inc's revenue in 2022 was $1,002,598.
Official website here: www.ardmorehouse.org
Who are the executives of Ardmore Housing For The Elderly Inc and what are their salaries?
The average compensation at Ardmore Housing For The Elderly Inc during 2022 was $32,032. There are 5 employees and 8 volunteers at Ardmore Housing For The Elderly Inc.
Here are 8 key members and their salaries:
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Official website here: www.ardmorehouse.org
Where can I find the form 990 for Ardmore Housing For The Elderly Inc?
Ardmore Housing For The Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ardmorehouse.org
Learn more at the official website: www.ardmorehouse.org
Mission Statement of Ardmore Housing For The Elderly Inc
Ardmore Housing for the Elderly Inc is dedicated to offering rental housing and related facilities and services specifically tailored to meet the physical, social, and psychological needs of the elderly population. The organization's mission is to contribute to the health, security, happiness, and usefulness of older adults in their pursuit of longer living. By providing qualified, low-income and elderly individuals with housing facilities and services designed to cater to their unique requirements, Ardmore Housing for the Elderly Inc operates on a non-profit basis. The ultimate goal is to enhance the overall well-being and improve the quality of life for the elderly population, enabling them to live with dignity and independence.
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Impact
October, 2024
Ardmore Housing For The Elderly Inc positively impacts the lives of elderly individuals by providing rental housing and related services specifically tailored to meet their unique physical, social, and psychological needs. By focusing on qualified low-income seniors, the organization ensures that these individuals have access to safe and affordable housing options that promote their health and security.
Additionally, the facilities and services offered contribute to the overall happiness and usefulness of the elderly residents, enabling them to maintain dignity and independence as they age. This support fosters a sense of community and belonging among residents, enhancing their quality of life and well-being. By creating an environment designed for their needs, Ardmore Housing helps seniors navigate their later years with greater comfort and ease, ultimately contributing to longer, healthier, and more fulfilling lives.
This information is meant to be a general summary of Ardmore Housing For The Elderly Inc. 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: $3,802
- Program Service Revenue: $233,360
- Gross Receipts: $1,002,598
Assets and Liabilities:
- Total Assets: $2,266,525
- Total Liabilities: $1,637,223
- Net Assets: $629,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$228,014
LAUNDRY AND OTHER TENA
Revenue
$5,346
Organization Details
Founding Year
1982
Phone
(215) 393-1182Principal Officer
Maryam Phillips
Main Address
75 ARDMORE AVENUE, ARDMORE, PA, 19003
Website
www.ardmorehouse.orgNTEE Category
Code: L22 - Housing
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