Overview
What is Presbyterian Apartments At 58th Street Inc?
Presbyterian Apartments At 58th Street Inc is a nonprofit organization located in Lafayette Hill, Pennsylvania. They specialize in operating and maintaining an affordable housing apartment building, specifically designed for the elderly and physically disabled, offering 74 units. In addition to providing a living space, they offer support services and recreational activities to facilitate socialization and enrichment for their residents in a positive and welcoming environment. Their mission, as stated by their parent organization Humangood, is to ensure everyone, regardless of physical, social, or economic circumstances, has the opportunity to live with enthusiasm, confidence, and security. The organization currently employs a team of four individuals.
Official website here: www.humangood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Presbyterian Apartments At 58th Street Inc has achieved a solid overall score of 81%, reflecting its strong commitment to accountability and finance. The rating is based entirely on a single beacon score, showcasing the nonprofit's financial integrity and good governance practices. The majority of its board members are independent, and it has received high marks across various categories, indicating effective oversight and transparency.
The organization boasts a 95.47% program expense ratio, signifying that a significant portion of its funds directly supports its programs. This demonstrates a strong focus on fulfilling its mission rather than allocating resources to administrative costs. Additionally, the presence of comprehensive policies, such as those addressing conflict of interest and whistleblower protections, further underscores its commitment to ethical governance.
While the ratings indicate robust financial practices and governance, potential donors and stakeholders may seek additional insights into the organization's programs and their impact. However, the strong performance in accountability metrics positions Presbyterian Apartments At 58th Street Inc as a trustworthy option for those looking to support a nonprofit committed to responsible resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Apartments At 58th Street Inc legitimate?
Presbyterian Apartments At 58th Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Apartments At 58th Street 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: $174,509
For more financial information, click here
Official website here: www.humangood.org
What is the mission statement of Presbyterian Apartments At 58th Street Inc?
The mission of Presbyterian Apartments At 58th Street Inc, as stated by HumanGood, is to provide opportunities for individuals, regardless of their physical, social, or economic circumstances, to live with enthusiasm, confidence, and security. This organization believes in inclusivity and extends this opportunity to everyone, including the residents of their 75-unit affordable housing project. At Presbyterian Apartments, they offer support services and recreational activities to foster increased socialization and enrichment for the elderly and physically disabled residents. Their aim is to create a positive and welcoming environment within the apartment building.
Official website here: www.humangood.org
Who is the CEO of Presbyterian Apartments At 58th Street Inc?
John H Cochrane Iii is the President/Chief Executive Officer of Presbyterian Apartments At 58th Street Inc. The CEO's salary of Presbyterian Apartments At 58th Street Inc is $0 and their total compensation is $459,828.
Official website here: www.humangood.org
What is the revenue of Presbyterian Apartments At 58th Street Inc?
Presbyterian Apartments At 58th Street Inc's revenue in 2022 was $1,204,511.
Official website here: www.humangood.org
Who are the executives of Presbyterian Apartments At 58th Street Inc and what are their salaries?
The average compensation at Presbyterian Apartments At 58th Street Inc during 2022 was $43,627. There are 4 employees and 5 volunteers at Presbyterian Apartments At 58th Street Inc.
Here are 19 key members and their salaries (Presbyterian Apartments At 58th Street Inc's CEO's salary is $0 and their total compensation is $459,828):
- Compensation: $0
- Related: $73,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,032,339
- Other: $39,055
- Compensation: $0
- Related: $786,516
- Other: $43,528
- Compensation: $0
- Related: $552,085
- Other: $38,623
- Compensation: $0
- Related: $472,179
- Other: $16,199
- Compensation: $0
- Related: $434,627
- Other: $38,817
- Compensation: $0
- Related: $416,003
- Other: $43,825
- Compensation: $0
- Related: $263,168
- Other: $13,804
- Compensation: $0
- Related: $206,162
- Other: $33,272
- Compensation: $0
- Related: $242,424
- Other: $0
Official website here: www.humangood.org
Where can I find the form 990 for Presbyterian Apartments At 58th Street Inc?
Presbyterian Apartments At 58th Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.humangood.org
Learn more at the official website: www.humangood.org
Mission Statement of Presbyterian Apartments At 58th Street Inc
Presbyterian Apartments At 58th Street Inc, an organization dedicated to providing affordable housing, is driven by a belief that everyone, regardless of their physical, social, or economic circumstances, deserves to live with enthusiasm, confidence, and security. The mission of this nonprofit is to create an environment where its residents, primarily the elderly and physically disabled, can thrive.
To achieve this, Presbyterian Apartments At 58th Street Inc operates and maintains a 75-unit housing project. The organization goes beyond simply providing a place to live, offering support services and recreational activities to foster increased socialization and enrichment for its residents. These activities are designed to create a positive and welcoming environment, enabling residents to lead fulfilling lives. Currently, 74 of the 75 units are available for occupation.
In essence, Presbyterian Apartments At 58th Street Inc is committed to improving the quality of life for its residents by offering more than just housing. The organization aims to provide a living space that encourages social interaction, personal growth, and overall well-being, enabling its residents to live with confidence and enthusiasm.
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Impact
October, 2024
Presbyterian Apartments At 58th Street Inc significantly impacts the community by providing affordable housing specifically designed for the elderly and physically disabled individuals. By operating a 75-unit apartment complex in Philadelphia, the organization not only addresses the pressing need for accessible housing but also fosters a supportive environment that encourages socialization and personal enrichment among residents.
The apartments are thoughtfully maintained and operated, ensuring a safe and welcoming atmosphere. The inclusion of support services and recreational activities enhances the quality of life for residents, helping to combat isolation and promoting a sense of community. With 74 of the 75 units available for residents, the organization plays a crucial role in affording individuals a dignified living space where they can thrive. This commitment to inclusivity and well-being exemplifies a broader vision that emphasizes the importance of security and confidence in one's living conditions, a core value that resonates throughout their mission.
This information is meant to be a general summary of Presbyterian Apartments At 58th Street 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: $393
- Program Service Revenue: $285,899
- Gross Receipts: $1,204,511
Assets and Liabilities:
- Total Assets: $7,384,723
- Total Liabilities: $7,843,214
- Net Assets: -$458,491
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$285,899
Organization Details
Founding Year
1990
Phone
(610) 834-1001Principal Officer
John H Cochrane Iii
Main Address
2000 JOSHUA ROAD, LAFAYETTE HILL, PA, 19444
Website
www.humangood.orgNTEE Category
Code: L52Z - Housing
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