Overview
What is Old City Presbyterian Apartments Inc?
Old City Presbyterian Apartments Inc is a nonprofit organization situated in Lafayette Hill, Pennsylvania. Their primary focus is to manage and maintain an affordable housing project, specifically a 60-unit apartment building, catering primarily to the elderly and physically disabled individuals. The project, located in Philadelphia, provides essential support services and organizes recreational activities to promote socialization and personal growth for its residents. The organization's mission is to ensure that everyone, regardless of physical, social, or economic circumstances, can live with enthusiasm, confidence, and security. Under its management, 59 out of the 60 units are available for residents. The organization employs a team of 6 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 Stars)
Old City Presbyterian Apartments Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization has achieved an impressive score of 81%, which reflects its commitment to transparency and responsible financial management. The rating is based entirely on the Accountability & Finance beacon, showcasing the charity's focus on fulfilling its fiduciary responsibilities.
The nonprofit boasts a strong independent board, with 55% of its members being independent, which enhances its governance structure. Additionally, the organization has demonstrated effective oversight through its audit and financial statements practices. Noteworthy is the charity's high program expense ratio of 93.79%, suggesting that a significant portion of its resources is directed towards its mission rather than administrative costs.
While the rating is commendable, it is important to recognize that it is solely based on one category of assessment. Future evaluations may benefit from a broader range of metrics that include program impact and community feedback, which could provide a more comprehensive view of the organization's effectiveness in achieving its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Old City Presbyterian Apartments Inc legitimate?
Old City Presbyterian Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old City Presbyterian Apartments 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: $181,784
For more financial information, click here
Official website here: www.humangood.org
What is the mission statement of Old City Presbyterian Apartments Inc?
Old City Presbyterian Apartments Inc, as stated in their mission, believes in providing an opportunity for individuals, regardless of their physical, social, or economic circumstances, to live with enthusiasm, confidence, and security. Their mission extends to everyone, including those seeking affordable housing. At the heart of their operations, they manage and maintain an affordable housing apartment building, offering 59 units to residents, primarily the elderly and physically disabled. They provide supportive services and recreational activities to encourage socialization and enrichment among residents, creating a positive and welcoming environment for all.
Official website here: www.humangood.org
Who is the CEO of Old City Presbyterian Apartments Inc?
John H Cochrane Iii is the President/Chief Executive Officer of Old City Presbyterian Apartments Inc. The CEO's salary of Old City Presbyterian Apartments Inc is $0 and their total compensation is $459,828.
Official website here: www.humangood.org
What is the revenue of Old City Presbyterian Apartments Inc?
Old City Presbyterian Apartments Inc's revenue in 2022 was $964,443.
Official website here: www.humangood.org
Who are the executives of Old City Presbyterian Apartments Inc and what are their salaries?
The average compensation at Old City Presbyterian Apartments Inc during 2022 was $30,297. There are 6 employees and 5 volunteers at Old City Presbyterian Apartments Inc.
Here are 19 key members and their salaries (Old City Presbyterian Apartments 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 Old City Presbyterian Apartments Inc?
Old City Presbyterian Apartments 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 Old City Presbyterian Apartments Inc
Old City Presbyterian Apartments Inc, as an organization, is committed to the belief that everyone, regardless of physical, social, or economic circumstances, deserves to live with enthusiasm, confidence, and security. Their mission, in essence, is to create an environment where residents can thrive. They achieve this by managing and maintaining a 60-unit affordable housing project, specifically designed for the elderly and physically disabled.
The organization goes beyond providing shelter by offering support services and recreational activities. These additional amenities are intended to promote increased socialization and enrichment among the residents. By fostering a positive and welcoming environment, Old City Presbyterian Apartments Inc strives to enhance the quality of life for its residents. Out of the 60 units, 59 are available for occupation. The organization's efforts are geared towards ensuring that the elderly and physically disabled residents have access to a comfortable living space, along with the necessary support and opportunities for social interaction.
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Impact
October, 2024
Old City Presbyterian Apartments Inc significantly enhances the quality of life for elderly and physically disabled residents in Philadelphia through its 60-unit affordable housing project. By providing not only a safe and supportive living environment but also engaging support services and recreational activities, the organization fosters a strong sense of community among its residents. This commitment to socialization and enrichment enables individuals to live with enthusiasm, confidence, and security, effectively addressing the physical, social, and economic challenges they may face. The welcoming atmosphere encourages interaction, ensuring that residents have opportunities to connect with one another and participate in activities that promote well-being. Overall, the impact is a transformative living experience that empowers residents and contributes to a vibrant, inclusive community.
This information is meant to be a general summary of Old City Presbyterian Apartments 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: $56
- Program Service Revenue: $224,963
- Gross Receipts: $964,443
Assets and Liabilities:
- Total Assets: $2,448,769
- Total Liabilities: $5,762,321
- Net Assets: -$3,313,552
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$224,963
Organization Details
Founding Year
1994
Phone
(610) 834-1001Principal Officer
John H Cochrane Iii
Main Address
2000 JOSHUA ROAD, LAFAYETTE HILL, PA, 194442430
Website
www.humangood.orgNTEE Category
Code: P81 - Human services
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