Overview
What is Dechantal Apartments Inc?
DeChantal Apartments Inc is a nonprofit organization situated in Saranac Lake, New York. Its primary focus is providing affordable rental apartments for low-income senior citizens, catering to their unique needs as a senior citizens housing and retirement community. With a mission to prioritize the needs of its elderly residents, DeChantal Apartments offers a sense of community and security for its senior tenants.
Official website here: www.dechantalapartments.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Dechantal Apartments Inc has earned a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is solely based on the Accountability & Finance beacon, which indicates that the organization maintains a strong commitment to financial integrity and transparency in its operations. The charity excels in various metrics, showcasing an independent board and a commendable program expense ratio of 100%, which suggests that all funds are directed towards its mission.
The organization achieves full marks in several areas, including having an entirely independent board and a comprehensive conflict of interest policy. Additionally, there are no material diversions of assets, which further enhances its accountability. The existence of documented board meeting minutes and a whistleblower policy indicates a robust governance framework that prioritizes ethical practices.
While the overall rating highlights significant strengths, the reliance on a single beacon score may suggest a need to consider other aspects of effectiveness and impact in future assessments. Nonetheless, Dechantal Apartments Inc demonstrates a strong financial accountability model that appears to support its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Dechantal Apartments Inc legitimate?
Dechantal Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dechantal 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: $84,175
For more financial information, click here
Official website here: www.dechantalapartments.org
What is the mission statement of Dechantal Apartments Inc?
DeChantal Apartments Inc, as an organization, is dedicated to providing rental housing for low-income senior citizens. Their mission is centered around prioritizing the needs of this demographic, serving as a retirement community that offers a comfortable living space. The organization strives to support the senior population, offering them a secure and affordable place to reside. DeChantal Apartments Inc is committed to enhancing the lives of its residents, providing them with a sense of community and a comfortable living environment.
Official website here: www.dechantalapartments.org
What is the revenue of Dechantal Apartments Inc?
Dechantal Apartments Inc's revenue in 2024 was $658,479.
Official website here: www.dechantalapartments.org
Who are the executives of Dechantal Apartments Inc and what are their salaries?
The average compensation at Dechantal Apartments Inc during 2024 was $16,835. There are 5 employees at Dechantal Apartments Inc.
Here are 6 key members and their salaries:
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Official website here: www.dechantalapartments.org
Where can I find the form 990 for Dechantal Apartments Inc?
Dechantal Apartments Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.dechantalapartments.org
Learn more at the official website: www.dechantalapartments.org
Mission Statement of Dechantal Apartments Inc
DeChantal Apartments Inc, a nonprofit organization, is committed to providing rental apartments for low-income senior citizens. This mission extends beyond just offering housing; it prioritizes the needs of its elderly residents, turning DeChantal Apartments into a senior citizens' housing and retirement community. By offering affordable living spaces, DeChantal Apartments aims to support and cater to the specific needs of its senior citizen population, making it an essential resource for this demographic.
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Impact
July, 2024
Dechantal Apartments Inc provides essential housing services to low-income senior citizens in Saranac Lake, NY. By offering affordable rental apartments that prioritize the needs of this vulnerable population, Dechantal Apartments plays a crucial role in ensuring that seniors have access to safe and comfortable housing options. This contributes directly to improving the quality of life for these individuals, allowing them to live independently and with dignity in their later years. The organization's focus on senior citizens housing and retirement communities fills a vital gap in the community, providing a supportive environment for seniors to age in place with the resources they need. Overall, Dechantal Apartments Inc's impact is significant, as it addresses a pressing need for affordable and appropriate housing for low-income seniors, ultimately enhancing their well-being and overall quality of life.
This information is meant to be a general summary of Dechantal 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 2024.
- Program Service Revenue: $630,774
- Gross Receipts: $658,479
Assets and Liabilities:
- Total Assets: $1,958,480
- Total Liabilities: $133,034
- Net Assets: $1,825,446
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$630,774
Organization Details
Founding Year
1972
Principal Officer
Feinberg Wayne
Website
www.dechantalapartments.orgNTEE Category
Code: L210 - Housing
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