Overview
What is Niagara Apartments Inc?
Niagara Apartments Inc, located at 7 East 7th Street, Erie, Pennsylvania, is a nonprofit organization dedicated to providing affordable housing for individuals with chronic mental illnesses. The organization, through its management agent Housing and Neighborhood Development Service (HANDS), offers 12 attractive and budget-friendly rental units. The primary mission of Niagara Apartments Inc is to ensure the upkeep and maintenance of these affordable apartment homes, thereby serving as a residence for adults dealing with mental health challenges.
Official website here: www.hands-erie.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 68%)
Niagara Apartments Inc has received a rating of two stars from Charity Navigator, indicating a need for improvement. The overall score of 68% reflects some strengths in governance and accountability, including a fully independent board and robust policies concerning conflicts of interest. However, the organization has significant weaknesses, particularly related to its whistleblower and document retention policies, which could affect transparency and trust.
The organization excels in certain areas, such as having no material diversion of assets and a strong program expense ratio, suggesting that funds are being directed appropriately towards its mission. Nevertheless, critical gaps in its fiscal practices, including a concerning liabilities-to-assets ratio, have contributed to its low overall rating. The lack of required documentation on its website also raises questions about transparency.
While the nonprofit demonstrates a commitment to accountability in many respects, addressing its shortcomings in policy implementation and fiscal management will be essential for improving its rating and overall effectiveness. Overall, stakeholders may want to consider these factors when evaluating the organization's potential impact.
This AI summary has been generated from information found on Charity Navigator.
Is Niagara Apartments Inc legitimate?
Niagara Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Niagara 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:
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For more financial information, click here
Official website here: www.hands-erie.org
What is the mission statement of Niagara Apartments Inc?
Niagara Apartments Inc, through its managing agent Housing and Neighborhood Development Service (HANDS), is committed to providing and maintaining affordable apartment homes for adults dealing with chronic mental illness. Their mission is to offer a safe and affordable living space for individuals who fall under the categories of very-low and low income, ensuring they have access to suitable housing. By providing these residential units, Niagara Apartments Inc aims to contribute positively to the well-being and livelihood of individuals battling chronic mental illness.
Official website here: www.hands-erie.org
Who is the CEO of Niagara Apartments Inc?
Sharon Richardson is the Board Chair of Niagara Apartments Inc.
Official website here: www.hands-erie.org
What is the revenue of Niagara Apartments Inc?
Niagara Apartments Inc's revenue in 2022 was $109,761.
Official website here: www.hands-erie.org
Who are the executives of Niagara Apartments Inc and what are their salaries?
There 14 volunteers at Niagara Apartments Inc.
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Official website here: www.hands-erie.org
Where can I find the form 990 for Niagara Apartments Inc?
Niagara Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hands-erie.org
Learn more at the official website: www.hands-erie.org
Mission Statement of Niagara Apartments Inc
Niagara Apartments Inc, a nonprofit organization, is dedicated to providing and maintaining affordable apartment homes for adults who are struggling with chronic mental illness. Their mission is to offer attractive and reasonably priced rental units to individuals with very low and low income, ensuring that they have a stable living environment. By doing so, Niagara Apartments Inc aims to contribute positively to the well-being of these individuals, providing them with the necessary support to manage their mental health conditions. Their management agent, Housing and Neighborhood Development Service (HANDS), plays a crucial role in facilitating this mission, ensuring that the living spaces provided are safe, comfortable, and conducive to the health and well-being of the residents.
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Impact
October, 2024
Niagara Apartments Inc plays a critical role in the community by providing and maintaining affordable housing specifically designed for adults experiencing chronic mental illness. This initiative addresses a significant need for stable and supportive living environments among very low and low-income disabled individuals in Erie, PA.
By offering 12 attractive rental housing units, Niagara Apartments Inc not only ensures access to safe and decent living conditions but also fosters a sense of belonging and community among its residents. The supportive infrastructure put in place through their management agent, Housing and Neighborhood Development Service (HANDS), enhances the overall quality of life for these individuals, enabling them to thrive in a nurturing environment.
The impact of Niagara Apartments Inc extends beyond housing; it contributes to the mental and emotional well-being of residents by providing a stable foundation from which they can rebuild their lives. By prioritizing affordable housing solutions, Niagara Apartments Inc plays an essential role in combating homelessness and providing individuals the opportunity to live with dignity and independence.
This information is meant to be a general summary of Niagara 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 2022.
- Investment Income: $149
- Program Service Revenue: $31,200
- Gross Receipts: $109,761
Assets and Liabilities:
- Total Assets: $442,334
- Total Liabilities: $785,280
- Net Assets: -$342,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$31,200
Organization Details
Founding Year
1996
Phone
(814) 453-3333Principal Officer
Sharon Richardson
Main Address
7 EAST 7TH STREET, ERIE, PA, 165011105
Website
www.hands-erie.orgNTEE Category
Code: L99 - Housing
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