Overview
What is St Thomas More Housing Inc?
St. Thomas More Housing Inc. is a nonprofit organization situated in Bethel Park, Pennsylvania, specifically at 1000 Oxford Drive. Their primary mission is to provide safe and affordable housing for low-income elderly individuals and those with physical challenges, with support from the U.S. Department of Housing and Urban Development (HUD). They operate under the assistance of HUD subsidies, ensuring that their residents can maintain a comfortable living situation within their means. The organization's activities are centered around providing HUD-assisted housing, contributing to the well-being of vulnerable communities in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%)
St Thomas More Housing Inc has achieved a strong score in accountability and finance, with a 100% rating in those areas, indicating a solid commitment to transparency and effective governance. The organization demonstrates strong compliance with best practices such as having a majority of independent board members and maintaining proper auditing and oversight of financial statements. Additionally, the program expense ratio is impressive at 93.83%, suggesting that most funds are directed towards its mission-related activities.
However, there are notable weaknesses that have impacted the organization’s overall rating. The liabilities to assets ratio is concerning at 166.38%, which raises questions about financial stability and long-term sustainability. Furthermore, the absence of a whistleblower policy and missing documentation related to retention and destruction policies indicate gaps in governance practices that could potentially expose the organization to risk.
Overall, while St Thomas More Housing Inc exhibits strong performance in several accountability measures, it faces challenges in financial health and governance framework that need addressing to improve its standing and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is St Thomas More Housing Inc legitimate?
St Thomas More Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Thomas More Housing 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:
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Other Salaries and Wages: $262,607
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What is the mission statement of St Thomas More Housing Inc?
St. Thomas More Housing Inc. is committed to providing safe and affordable housing options for low-income elderly individuals and those with physical challenges. Through the assistance of the U.S. Department of Housing and Urban Development (HUD), they operate various subsidized housing facilities that cater to this demographic. Their mission is centered around ensuring the elderly and physically challenged population has access to secure living spaces, thereby enhancing their quality of life.
Who is the CEO of St Thomas More Housing Inc?
Vita Fontana is the President of St Thomas More Housing Inc.
What is the revenue of St Thomas More Housing Inc?
St Thomas More Housing Inc's revenue in 2022 was $1,065,535.
Who are the executives of St Thomas More Housing Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for St Thomas More Housing Inc?
St Thomas More Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Thomas More Housing Inc
St. Thomas More Housing Inc is dedicated to providing safe and affordable housing for low-income elderly individuals and those with physical challenges. Their mission, as stated, is to ensure that these vulnerable populations have access to subsidized housing, thereby enhancing their living conditions. The organization operates under the auspices of the U.S. Department of Housing and Urban Development (HUD), providing a sanctuary where these individuals can reside securely. By offering HUD-assisted housing, St. Thomas More Housing Inc is making a significant contribution to the well-being of these individuals, enabling them to live with dignity and independence.
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Impact
October, 2024
St. Thomas More Housing Inc. plays a crucial role in providing safe and affordable living options for low-income elderly individuals and those with physical challenges in Bethel Park, PA. By operating HUD-subsidized housing specifically tailored for these vulnerable populations, the organization ensures that residents have access to stable housing, which is essential for their well-being and quality of life.
The impact of St. Thomas More Housing Inc. extends beyond just shelter; it contributes to the overall health and independence of its residents. By fostering a supportive environment, the organization helps to reduce social isolation, allowing elderly citizens to live with dignity and security. Furthermore, access to safe housing can lead to improved health outcomes, as residents can focus on their physical and emotional needs without the constant stress of financial insecurity.
In addition to meeting housing needs, St. Thomas More Housing Inc. enhances the community by creating a more inclusive environment where individuals of diverse backgrounds can thrive. This commitment to serving those in need contributes to the overall social fabric of Bethel Park, making it a more compassionate and caring community for all residents.
This information is meant to be a general summary of St Thomas More Housing 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: $1,742
- Program Service Revenue: $407,100
- Gross Receipts: $1,065,535
Assets and Liabilities:
- Total Assets: $2,399,474
- Total Liabilities: $4,061,962
- Net Assets: -$1,662,488
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$407,100
Organization Details
Founding Year
1981
Phone
(412) 856-4880Principal Officer
Vita Fontana
Main Address
1000 OXFORD DRIVE, BETHEL PARK, PA, 15102
NTEE Category
Code: L22 - Housing
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