Overview
What is Cumberland Senior Housing Associate?
Cumberland Senior Housing Associate is a nonprofit organization committed to catering to the housing needs of senior citizens with limited income. By offering low-cost housing solutions, they aim to ensure that elderly individuals can maintain a secure living environment. Their mission is twofold: providing affordable housing and supporting the elderly community. This organization plays an essential role in ensuring that senior citizens can live with dignity and independence, even with financial constraints.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Cumberland Senior Housing Associate has received an 85% rating from Charity Navigator, indicating a solid level of accountability and financial health. The score is entirely based on their Accountability & Finance metrics, showcasing their commitment to transparency and effective management of resources. The organization scored particularly well in areas such as independent board composition, financial oversight, and the presence of key policies, all of which contribute to a trustworthy governance structure.
Strengths include having a fully independent board and a robust audit and oversight committee, scoring full points in these areas. Additionally, their program expense ratio is impressive at 79.31%, demonstrating that a significant portion of their expenditures is directed towards their programs rather than administrative costs. This level of financial prudence indicates a strong commitment to their mission and service delivery.
However, the organization faces some challenges, as reflected in its liabilities to assets ratio, which stands at 62.58%. This figure suggests that while they are managing their funds adequately, there may be some financial leverage that needs to be monitored closely. Overall, Cumberland Senior Housing Associate shows strong accountability but may benefit from focusing on improving their financial stability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland Senior Housing Associate legitimate?
Cumberland Senior Housing Associate is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland Senior Housing Associate 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: $20,274
For more financial information, click here
What is the mission statement of Cumberland Senior Housing Associate?
Cumberland Senior Housing Associate is committed to providing affordable housing solutions for low-income senior citizens. Their primary objective is to cater to the housing needs of the elderly population who may be financially constrained. The organization offers a range of affordable housing options, ensuring that elderly individuals have a comfortable living space within their means. By providing such housing, Cumberland Senior Housing Associate contributes to the overall well-being and dignity of senior citizens, enabling them to live their golden years with dignity and security.
Who is the CEO of Cumberland Senior Housing Associate?
Stephen G Landis is the President of Cumberland Senior Housing Associate.
What is the revenue of Cumberland Senior Housing Associate?
Cumberland Senior Housing Associate's revenue in 2022 was $583,494.
Who are the executives of Cumberland Senior Housing Associate and what are their salaries?
There 9 volunteers at Cumberland Senior Housing Associate.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Cumberland Senior Housing Associate?
Cumberland Senior Housing Associate's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cumberland Senior Housing Associate
Cumberland Senior Housing Associate is dedicated to providing a vital service in the community. Their mission is centered around offering affordable housing solutions to senior citizens who fall under the low-income bracket. This nonprofit organization aims to make housing more accessible and affordable for this particular demographic, ensuring that they can live with dignity and independence in their later years. By providing low-income housing, Cumberland Senior Housing Associate contributes to the well-being and stability of elderly individuals, enabling them to focus on other aspects of their lives without the burden of high housing costs.
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Impact
July, 2024
Cumberland Senior Housing Associate provides affordable housing for low-income senior citizens in Carlisle, PA. Their impact is significant as they offer housing options that otherwise may not be accessible to this vulnerable population. By ensuring that seniors have a safe and affordable place to live, Cumberland Senior Housing Associate contributes to improving the quality of life for elderly individuals in need. Additionally, their focus on affordable housing helps to address the pressing issue of housing insecurity among seniors, ultimately working towards creating a more inclusive and supportive community for older adults.
This information is meant to be a general summary of Cumberland Senior Housing Associate. 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: $9,707
- Program Service Revenue: $583,141
- Gross Receipts: $583,494
Assets and Liabilities:
- Total Assets: $1,891,891
- Total Liabilities: $1,184,010
- Net Assets: $707,881
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER'S FEE INCOME
Revenue
$460,826
LOW INCOME HOUSING RENTAL INC
Revenue
$121,603
OTHER INCOME
Revenue
$712
Organization Details
Founding Year
1998
Phone
(717) 249-0789Principal Officer
Stephen G Landis
Main Address
114 N HANOVER STREET, CARLISLE, PA, 17013
NTEE Category
Code: L22Z - Housing
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