Overview
What is Snhs Elderly Housing Vii Inc?
Snhs Elderly Housing Vii Inc is a nonprofit organization dedicated to providing housing solutions for elderly individuals with limited income. Located within their program, they offer tailored living arrangements to cater specifically to the unique needs of elderly individuals who struggle financially. This essential service aims to ensure that these individuals can maintain their independence and quality of life in a supportive environment.
Official website here: www.snhs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 66%)
SNHS Elderly Housing VII Inc has received a Two-Star rating from Charity Navigator, indicating that there are areas for improvement, particularly in governance and transparency. The nonprofit scored well in financial audits and demonstrated good stewardship regarding asset management, but a significant concern arises from the lack of independent board members, which impacts its governance score.
The organization achieved a high program expense ratio of 91.57%, suggesting that a substantial portion of its resources is dedicated to its mission-related activities. However, the liabilities to assets ratio of 131.27% raises red flags about its financial stability. This financial imbalance may affect the nonprofit's ability to sustain its operations in the long run.
On the positive side, SNHS Elderly Housing VII Inc has established policies in place regarding conflicts of interest, whistleblower protections, and document retention, contributing to its accountability. However, the absence of its tax form on its website is a notable gap in transparency that could further hinder trust from the community and stakeholders. Overall, while the organization demonstrates a commitment to its programs, it must address its governance and financial stability issues to enhance its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Snhs Elderly Housing Vii Inc legitimate?
Snhs Elderly Housing Vii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snhs Elderly Housing Vii 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: $104,477
For more financial information, click here
Official website here: www.snhs.org
What is the mission statement of Snhs Elderly Housing Vii Inc?
Snhs Elderly Housing Vii Inc's mission is centered around providing housing for elderly individuals living on a limited income. Through their program, they aim to address the unique needs of this demographic, ensuring they have a suitable living space. This organization is committed to making a positive impact in the lives of the elderly, recognizing their specific housing requirements and striving to fulfill them.
Official website here: www.snhs.org
Who is the CEO of Snhs Elderly Housing Vii Inc?
James Chaisson is the Chariman of Snhs Elderly Housing Vii Inc.
Official website here: www.snhs.org
What is the revenue of Snhs Elderly Housing Vii Inc?
Snhs Elderly Housing Vii Inc's revenue in 2023 was $708,786.
Official website here: www.snhs.org
Who are the executives of Snhs Elderly Housing Vii Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $194,607
- Other: $50,621
- Compensation: $0
- Related: $165,830
- Other: $45,914
- Compensation: $0
- Related: $138,549
- Other: $37,952
- Compensation: $0
- Related: $84,826
- Other: $25,770
- Compensation: $0
- Related: $10,503
- Other: $1,721
- Compensation: $0
- Related: $84,809
- Other: $25,558
- Compensation: $0
- Related: $68,743
- Other: $7,545
Official website here: www.snhs.org
Where can I find the form 990 for Snhs Elderly Housing Vii Inc?
Snhs Elderly Housing Vii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.snhs.org
Learn more at the official website: www.snhs.org
Mission Statement of Snhs Elderly Housing Vii Inc
SNHS Elderly Housing Vii Inc is dedicated to providing housing solutions for elderly individuals living on a modest income. This nonprofit organization's mission is centered around catering to the unique needs of the elderly community, offering viable housing options that are financially accessible. By focusing on this demographic, SNHS Elderly Housing Vii Inc aims to ensure that elderly individuals can maintain a comfortable living standard, despite their limited financial resources.
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Impact
July, 2024
Snhs Elderly Housing Vii Inc, through its program OVIDE, positively impacts low-income elderly individuals in MANCHESTER, NH by providing them with affordable housing tailored to their specific needs. This organization plays a crucial role in ensuring that elderly individuals who are living on a low income have a safe and comfortable place to call home. By offering affordable housing options, Snhs Elderly Housing Vii Inc contributes to improving the quality of life for elderly residents in the community and helps address the challenges faced by this vulnerable population.
This information is meant to be a general summary of Snhs Elderly Housing Vii 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: $305
- Program Service Revenue: $352,472
- Gross Receipts: $708,786
Assets and Liabilities:
- Total Assets: $8,496,731
- Total Liabilities: $11,154,326
- Net Assets: -$2,657,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$335,020
LAUNDRY & A/C
Revenue
$17,452
Organization Details
Founding Year
2008
Phone
(603) 668-8010Principal Officer
James Chaisson
Main Address
PO BOX 5040, MANCHESTER, NH, 03108
Website
www.snhs.orgNTEE Category
Code: L22 - Housing
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