Overview
What is Spring City Elderly Housing Corporation?
The Spring City Elderly Housing Corporation, situated in Spring City, Pennsylvania, is a dedicated nonprofit organization. Its primary mission revolves around providing housing solutions for elderly individuals who fall under the low-income bracket. The corporation operates with the objective of ensuring that these elderly persons have access to safe and comfortable living spaces. The organization's activities are centered around this mission, making it an invaluable resource for the elderly community in the area.
Official website here: www.petrach.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Spring City Elderly Housing Corporation has achieved an impressive 96% rating from Charity Navigator, reflecting its strong commitment to accountability and finance. This high score indicates that the organization operates transparently and efficiently, with a solid overall financial health. The rating is based entirely on its performance in the Accountability & Finance category.
The organization boasts a fully independent board, which is a positive indicator of governance. With 100% independent board members and a strong oversight committee, Spring City Elderly Housing Corporation demonstrates a robust framework for ensuring that resources are utilized effectively and responsibly. They also have comprehensive policies in place regarding conflict of interest, whistleblowing, and document retention, contributing to their high accountability standards.
Additionally, the nonprofit's financial metrics are noteworthy, including a zero material diversion of assets and a program expense ratio of 100%. This suggests that all of its resources are directed towards its programs, maximizing its impact on the community it serves. Overall, while the organization shows exceptional strengths in financial practices and governance, there are no significant limitations reported in the available data.
This AI summary has been generated from information found on Charity Navigator.
Is Spring City Elderly Housing Corporation legitimate?
Spring City Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring City Elderly Housing Corporation 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: $153,388
For more financial information, click here
Official website here: www.petrach.org
What is the mission statement of Spring City Elderly Housing Corporation?
The Spring City Elderly Housing Corporation is dedicated to providing housing opportunities for elderly individuals who fall under the category of low income. This organization's primary mission is to ensure that elderly individuals have access to suitable housing, catering to their specific needs and financial circumstances. By offering housing solutions, the corporation aims to enhance the quality of life for elderly individuals, providing them with a secure and comfortable living environment.
Official website here: www.petrach.org
Who is the CEO of Spring City Elderly Housing Corporation?
Jonathan Capeci is the Executive Di of Spring City Elderly Housing Corporation.
Official website here: www.petrach.org
What is the revenue of Spring City Elderly Housing Corporation?
Spring City Elderly Housing Corporation's revenue in 2023 was $690,064.
Official website here: www.petrach.org
Who are the executives of Spring City Elderly Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $18,000
- Related: $72,500
- Other: $22,541
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.petrach.org
Where can I find the form 990 for Spring City Elderly Housing Corporation?
Spring City Elderly Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.petrach.org
Learn more at the official website: www.petrach.org
Mission Statement of Spring City Elderly Housing Corporation
Spring City Elderly Housing Corporation is dedicated to providing housing solutions for elderly individuals of limited income. Their mission is centered around ensuring that this vulnerable population has access to safe and affordable living arrangements. By focusing on elderly persons, this nonprofit organization aims to alleviate the challenges that come with aging and poverty, thereby enhancing their quality of life. The corporation's primary activity revolves around offering housing, which serves as a fundamental need for elderly individuals, enabling them to maintain their independence and dignity.
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Impact
July, 2024
Spring City Elderly Housing Corporation provides a vital service by offering housing to elderly individuals of low income in Spring City, PA. By ensuring that these individuals have a safe and affordable place to live, the organization directly improves the quality of life for elderly residents who may otherwise struggle to find suitable housing options. In doing so, Spring City Elderly Housing Corporation contributes to the well-being and dignity of the elderly population in the community, supporting their independence and comfort during their golden years.
This information is meant to be a general summary of Spring City Elderly Housing Corporation. 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: $610
- Program Service Revenue: $687,742
- Gross Receipts: $690,064
Assets and Liabilities:
- Total Assets: $3,384,590
- Total Liabilities: $108,454
- Net Assets: $3,276,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT-HUD TENANT ASSIST.
Revenue
$414,791
RENT, NET OF VACANCIES
Revenue
$260,435
LAUNDRY/VENDING REVENUE
Revenue
$8,982
TENANT CHARGES
Revenue
$3,400
OTHER REVENUE
Revenue
$134
Organization Details
Founding Year
1997
Phone
(610) 948-1797Principal Officer
Jonathan Capeci
Main Address
201 S MAIN STREET, SPRING CITY, PA, 19475
Website
www.petrach.orgNTEE Category
Code: L20 - Housing
If you are a representative of Spring City Elderly Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.