Overview
What is The Salvation Army Ivy Residence Inc?
The Salvation Army Ivy Residence Inc., situated in Philadelphia, Pennsylvania, is a nonprofit organization dedicated to providing affordable housing for the elderly. Located at 4051 Ford Road, their mission is to offer quality living and support services to low-income elderly individuals, enabling them to maintain their independence for as long as possible. The organization houses 129 residents in total.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 64%)
The Salvation Army Ivy Residence Inc has received a Two-Star rating from Charity Navigator, indicating the organization needs improvement in various areas, particularly in governance and transparency. The overall score of 64% reflects significant strengths in program expenses, with an impressive 92.81% allocated to programs, indicating effective use of funds toward their mission.
However, the organization faces challenges in accountability, as there are no independent board members, which affects their governance score. Additionally, the absence of their website listed on tax forms and missing financial documents on their site raise concerns about transparency and public access to crucial information. While they have strong policies in place for conflict of interest and whistleblower protection, the low score in liabilities to assets ratio (150.90%) suggests potential financial instability.
Overall, while The Salvation Army Ivy Residence Inc demonstrates a strong commitment to program spending, addressing governance and transparency issues will be essential for improving their rating and gaining greater trust from donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Ivy Residence Inc legitimate?
The Salvation Army Ivy Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Ivy Residence 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: $248,303
For more financial information, click here
What is the mission statement of The Salvation Army Ivy Residence Inc?
The Salvation Army Ivy Residence Inc. is committed to providing high-quality housing and essential services for financially disadvantaged elderly individuals. Their objective is to support these residents in maintaining their independence for as long as possible. By offering this housing, they aim to enhance the living conditions of these elderly persons, allowing them to age with dignity and autonomy. The organization's services are designed to empower elderly residents and contribute to their overall well-being.
Who is the CEO of The Salvation Army Ivy Residence Inc?
William A Bamford Iii is the President of The Salvation Army Ivy Residence Inc.
What is the revenue of The Salvation Army Ivy Residence Inc?
The Salvation Army Ivy Residence Inc's revenue in 2023 was $1,118,112.
Who are the executives of The Salvation Army Ivy Residence Inc and what are their salaries?
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $41,690
- Other: $50,895
- Compensation: $0
- Related: $147,295
- Other: $31,031
- Compensation: $0
- Related: $212,399
- Other: $48,095
- Compensation: $0
- Related: $146,532
- Other: $60,870
- Compensation: $0
- Related: $40,486
- Other: $41,321
- Compensation: $0
- Related: $37,817
- Other: $46,301
- Compensation: $0
- Related: $191,238
- Other: $47,582
- Compensation: $0
- Related: $313,724
- Other: $41,016
- Compensation: $0
- Related: $102,297
- Other: $30,729
- Compensation: $0
- Related: $37,817
- Other: $46,301
- Compensation: $0
- Related: $41,341
- Other: $43,677
- Compensation: $0
- Related: $37,145
- Other: $54,475
- Compensation: $0
- Related: $37,301
- Other: $43,230
- Compensation: $0
- Related: $40,486
- Other: $41,321
Where can I find the form 990 for The Salvation Army Ivy Residence Inc?
The Salvation Army Ivy Residence Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Salvation Army Ivy Residence Inc
The Salvation Army Ivy Residence Inc is dedicated to providing high-quality housing and support services for low-income elderly individuals. Their mission is centered around helping these seniors maintain their independence for as long as possible. By offering a living environment, they aim to ensure that the elderly residents can continue to live with a sense of autonomy and dignity. This residential facility, located in an unspecified location, houses 129 elderly residents in Philadelphia, Pennsylvania. The primary objective of The Salvation Army Ivy Residence Inc is to offer a nurturing environment where elderly individuals can age gracefully and independently.
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Impact
October, 2024
The Salvation Army Ivy Residence Inc significantly enhances the quality of life for low-income elderly individuals in Philadelphia by providing 129 affordable housing units designed specifically for their needs. This initiative not only offers safe and comfortable living arrangements but also supports the independence of residents, enabling them to maintain their autonomy for as long as possible. Through a commitment to quality housing and dedicated services, Ivy Residence fosters a thriving community where seniors can access essential resources, connect with peers, and engage in activities that enrich their lives. Consequently, the residence plays a pivotal role in alleviating housing insecurity, promoting dignity, and improving the overall well-being of elderly residents in the area.
This information is meant to be a general summary of The Salvation Army Ivy Residence 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 2023.
- Investment Income: $1,659
- Program Service Revenue: $923,222
- Gross Receipts: $1,118,112
Assets and Liabilities:
- Total Assets: $11,153,453
- Total Liabilities: $16,831,603
- Net Assets: -$5,678,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$920,348
LAUNDRY & VENDING REVE
Revenue
$2,874
Organization Details
Founding Year
1996
Phone
(610) 834-1001Principal Officer
William A Bamford Iii
Main Address
4051 FORD ROAD, PHILADELPHIA, PA, 19131
NTEE Category
Code: P240 - Human services
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