Overview
What is St Clair Villa Inc?
St. Clair Villa Inc. is a nonprofit organization situated in Memphis, Tennessee, with a specific address at 795 Ridge Lake Blvd, 38120. Their primary mission is to offer affordable and high-quality housing to the elderly, individuals with disabilities, and those with very low incomes. They operate a 48-unit apartment complex in Bridgeville, PA, under the guidance of the U.S. Department of Housing and Urban Development (HUD) regulations. This housing facility aims to provide a safe and comfortable living environment for its residents, ensuring they maintain a good quality of life. The organization employs a small team of 5 individuals to accomplish this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
St Clair Villa Inc has achieved a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The organization's impressive score is entirely derived from its accountability and finance metrics, underscoring a solid financial foundation and effective governance.
The charity boasts an independent board of directors, with all members being independent, which enhances its credibility and decision-making processes. It has also implemented robust policies, including conflict of interest, whistleblower, and document retention policies, contributing to a transparent operational framework. Additionally, St Clair Villa demonstrates a commendable program expense ratio of nearly 86%, indicating that a significant portion of its resources is allocated directly to its programs.
While the overall score is highly positive, it is important for potential donors to consider the organization's specific programs and impact metrics when evaluating its effectiveness. Nonetheless, the lack of material asset diversions and a low liabilities to assets ratio further bolster St Clair Villa's reputation as a reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is St Clair Villa Inc legitimate?
St Clair Villa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Clair Villa 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: $83,055
For more financial information, click here
What is the mission statement of St Clair Villa Inc?
St. Clair Villa Inc. is dedicated to providing affordable, quality housing for the elderly, individuals with disabilities, and those with very low income. Their mission is to cater to this specific demographic, ensuring they have access to suitable living conditions. The organization operates under HUD regulations and manages a 48-unit apartment complex in an unspecified location. Their primary goal is to offer housing that is both affordable and of high quality, thereby enhancing the living standards of the individuals they serve.
Who is the CEO of St Clair Villa Inc?
Matthew Osborne is the President of St Clair Villa Inc.
What is the revenue of St Clair Villa Inc?
St Clair Villa Inc's revenue in 2022 was $2,621,852.
Who are the executives of St Clair Villa Inc and what are their salaries?
The average compensation at St Clair Villa Inc during 2022 was $16,611. There are 5 employees and 10 volunteers at St Clair Villa Inc.
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Where can I find the form 990 for St Clair Villa Inc?
St Clair Villa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Clair Villa Inc
St. Clair Villa Inc, a nonprofit organization, is dedicated to providing affordable quality housing for three distinct groups: the elderly, individuals with disabilities, and those falling under the category of very low income people. The mission of this organization is to ensure that everyone within these categories has access to suitable housing, thereby enhancing their overall well-being and quality of life.
St. Clair Villa Inc's commitment to its mission is evident in its operations. The organization operates a forty-eight unit apartment complex, regulated under HUD guidelines, providing a living space for those in need. This residential complex serves as a testament to St. Clair Villa Inc's unwavering dedication to its mission, offering an affordable and quality living option for its residents.
In a nutshell, St. Clair Villa Inc is an organization that strives to bridge the gap in housing affordability for the elderly, people with disabilities, and those with very low incomes. Through its operations, it provides a safe and comfortable living environment, thereby contributing positively to the lives of its residents.
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Impact
October, 2024
St. Clair Villa Inc significantly impacts the community by providing affordable, high-quality housing tailored for the elderly, individuals with disabilities, and people with very low incomes. Operating a 48-unit apartment complex in Bridgeville, PA, the organization ensures that these vulnerable populations have access to safe and suitable living conditions. By adhering to HUD regulations, St. Clair Villa not only meets essential housing standards but also fosters a sense of security and stability among its residents. This initiative plays a crucial role in enhancing the quality of life for individuals who may otherwise struggle to find adequate housing in an increasingly challenging market. Through its focused mission, St. Clair Villa Inc contributes to a more inclusive community, offering residents the opportunity to age in place or live independently while accessing necessary support services.
This information is meant to be a general summary of St Clair Villa 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: -$876,337
- Program Service Revenue: $487,789
- Gross Receipts: $4,040,128
Assets and Liabilities:
- Total Assets: $589,543
- Total Liabilities: $51,909
- Net Assets: $537,634
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$316,477
RENTAL REVENUE, NET
Revenue
$171,312
Organization Details
Founding Year
1992
Phone
(678) 860-6833Principal Officer
Matthew Osborne
Main Address
795 RIDGE LAKE BLVD, MEMPHIS, TN, 38120
NTEE Category
Code: L20Z - Housing
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