Overview
What is Frankford Senior Housing Associates?
Frankford Senior Housing Associates is a nonprofit organization based in Philadelphia, Pennsylvania. Their primary focus is on providing affordable housing for senior citizens, operating a 50-unit apartment building. These apartments are subsidized under the HUD section 202 program. The organization's mission is to enhance the well-being of senior residents, offering assistance from a service coordinator. They operate under the name "Meadow House," and their tenants started moving in back in 1997.
Official website here: www.newcourtland.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
Frankford Senior Housing Associates has received an 84% rating, indicating a moderate level of accountability and finance practices. This score is derived solely from their Accountability & Finance metrics, showing strengths such as having a fully independent board and maintaining strong financial oversight practices. The organization demonstrates a responsible approach to its program expenses, with 100% of its costs directed towards its programs.
However, there are notable limitations in transparency and governance. The absence of a conflict of interest policy, whistleblower policy, and document retention policies detracts from the organization’s overall accountability. Additionally, the nonprofit has not posted its tax forms on its website, which could limit access to important financial information for stakeholders.
Despite these shortcomings, the organization's financial health appears solid, as indicated by a favorable liabilities-to-assets ratio. Overall, while Frankford Senior Housing Associates shows a commitment to its mission, enhancing its governance practices could further improve its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Frankford Senior Housing Associates legitimate?
Frankford Senior Housing Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frankford Senior Housing Associates 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $89,587
For more financial information, click here
Official website here: www.newcourtland.org
What is the mission statement of Frankford Senior Housing Associates?
Frankford Senior Housing Associates, as a non-profit entity, is committed to promoting the well-being of senior citizens. Their primary mission is to enhance the general health, welfare, and security of this demographic by providing them with affordable housing. Additionally, they offer service coordinator assistance to their residents, aiming to enhance their overall living experience. The organization operates a 50-unit apartment building, where all tenants benefit from a HUD subsidy under the Section 202 program. The housing complex, which began operations in 1997, continues to serve as a sanctuary for senior citizens, providing them with a secure and supportive environment.
Official website here: www.newcourtland.org
Who is the CEO of Frankford Senior Housing Associates?
Joseph Duffey is the Principal Officer of Frankford Senior Housing Associates.
Official website here: www.newcourtland.org
What is the revenue of Frankford Senior Housing Associates?
Frankford Senior Housing Associates's revenue in 2022 was $563,350.
Official website here: www.newcourtland.org
Who are the executives of Frankford Senior Housing Associates and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.newcourtland.org
Where can I find the form 990 for Frankford Senior Housing Associates?
Frankford Senior Housing Associates's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newcourtland.org
Learn more at the official website: www.newcourtland.org
Mission Statement of Frankford Senior Housing Associates
Frankford Senior Housing Associates, a non-profit organization, is dedicated to enhancing the well-being of senior citizens. Their mission is threefold: to promote the overall health, ensure the welfare, and secure the safety of these elderly individuals. They achieve this by offering affordable housing within their 50-unit apartment building, which is subsidized under the HUD section 202 program. Furthermore, Frankford Senior Housing Associates provides service coordinator assistance to their tenants, aiming to improve their living experience and quality of life. This organization's commitment to senior citizens reflects its dedication to ensuring that these individuals can age with dignity and security.
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Impact
July, 2024
Frankford Senior Housing Associates provides a vital service by offering affordable housing to senior citizens in Philadelphia. By owning and operating a 50-unit apartment building that rents HUD-subsidized apartments, they are able to support the general health, welfare, and security of seniors in the community. Through their mission, they are able to contribute to improving the quality of life for many seniors in need of affordable housing options.
This information is meant to be a general summary of Frankford Senior Housing Associates. 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: $255
- Program Service Revenue: $563,095
- Gross Receipts: $563,350
Assets and Liabilities:
- Total Assets: $4,233,756
- Total Liabilities: $989,156
- Net Assets: $3,244,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$149,918
Rent Subsidy (HUD)
Revenue
$413,177
Organization Details
Founding Year
1989
Phone
(215) 951-4427Principal Officer
Joseph Duffey
Main Address
6970 Germantown Avenue, Philadelphia, PA, 19119
Website
www.newcourtland.orgNTEE Category
Code: L22 - Housing
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