Overview
What is St Andrew Towers Inc?
St. Andrew Towers Inc. is a nonprofit organization that collaborates with Catholic Health Services to offer affordable housing for low-income elderly and disabled individuals. Located in Lauderdale Lakes, Florida, this project falls under the US Department of Housing and Urban Development's (HUD) mission, serving as a vital resource within the community. The project primarily consists of rental units, providing a safe and comfortable living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
St Andrew Towers Inc has received a One-Star rating from Charity Navigator, which indicates significant concerns regarding its financial accountability and transparency. The overall score of 54% highlights that while the organization has a strong governance structure with 100% independent board members, it struggles in key areas related to financial health, particularly with a liabilities to assets ratio of 557.64% and a low program expense ratio of 14.18%.
On the positive side, the charity demonstrates robust governance practices, including documented conflict of interest and whistleblower policies, as well as proper meeting minutes, all of which contribute positively to its accountability score. These practices suggest a commitment to ethical management and oversight of its operations.
However, the financial metrics raise red flags, particularly the low percentage of expenditures allocated directly to programs. This could imply that a significant portion of its resources may not be effectively directed towards its mission, which is a critical area of concern for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is St Andrew Towers Inc legitimate?
St Andrew Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Andrew Towers 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.
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What is the mission statement of St Andrew Towers Inc?
St. Andrew Towers Inc is dedicated to providing housing for low-income elderly and handicapped individuals. This mission aligns with the broader goal of the US Department of Housing and Urban Development (HUD), as St. Andrew Towers Inc is part of HUD's mission. Catholic Health Services oversees the operation of this project, offering rental units to those in need. The initiative aims to provide a dignified living situation for its residents, contributing to their well-being and overall quality of life. The project's focus on low-income and handicapped individuals underscores its commitment to social equity and inclusivity.
Who is the CEO of St Andrew Towers Inc?
Rev Marcos Somarriba is the President of St Andrew Towers Inc.
What is the revenue of St Andrew Towers Inc?
St Andrew Towers Inc's revenue in 2023 was $63,741.
Who are the executives of St Andrew Towers Inc and what are their salaries?
There 6 volunteers at St Andrew Towers Inc.
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Where can I find the form 990 for St Andrew Towers Inc?
St Andrew Towers Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Andrew Towers Inc
St. Andrew Towers Inc, as part of Catholic Health Services, dedicates its mission to providing affordable housing for low-income elderly and handicapped individuals. This mission is aligned with the objectives of the US Department of Housing and Urban Development (HUD). The organization operates a housing project in Lauderdale Lakes, FL, offering rental units that cater to this specific demographic. The project, run by Catholic Health Services, contributes to the overall HUD mission, aiming to provide a safe and comfortable living environment for those in need.
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Impact
August, 2024
St Andrew Towers Inc's impact is significant in providing affordable housing for low-income elderly and handicapped individuals in Lauderdale Lakes, Florida. By offering rental units as part of the US Department of Housing and Urban Development mission, St Andrew Towers Inc supports vulnerable populations in accessing safe and affordable living arrangements. Through their dedicated efforts, they contribute to improving the quality of life for those in need of housing assistance.
This information is meant to be a general summary of St Andrew Towers 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: $8,438
- Program Service Revenue: $55,303
- Gross Receipts: $63,741
Assets and Liabilities:
- Total Assets: $947,377
- Total Liabilities: $5,282,977
- Net Assets: -$4,335,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME, NET
Revenue
$55,303
Organization Details
Founding Year
1974
Phone
(954) 484-1515Principal Officer
Rev Marcos Somarriba
Main Address
4790 N STATE ROAD 7, LAUDERDALE LAKES, FL, 33319
NTEE Category
Code: L22 - Housing
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