Overview
What is St Lawrence Housing Ii Inc?
St. Lawrence Housing II Inc., also known as San Lorenzo Terrace II, is a nonprofit organization situated in St. Petersburg, Florida. With a focus on serving low-income elderly individuals and those with disabilities, the organization provides 68 affordable housing units through Section 202 of the National Housing Act, overseen by the Department of Housing and Urban Development (HUD). The organization's mission is to offer affordable housing and additional services under HUD regulation, ensuring a secure living environment for its residents. The team, comprising seven individuals, works diligently to fulfill this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
St Lawrence Housing II Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 94%, the organization demonstrates strong governance practices, including a fully independent board and comprehensive oversight measures. Notably, they have received perfect scores in several key areas such as their independent board members and conflict of interest policy.
The financial performance of St Lawrence Housing II Inc is robust, with a program expense ratio of nearly 89%. This indicates that a significant portion of their expenditures is directed towards their programs, highlighting their commitment to their mission. Additionally, their liabilities to assets ratio stands at a minimal 0.86%, reflecting sound financial management and stability.
While the organization excels in various metrics, it is essential for potential donors and stakeholders to continue monitoring their performance and impact. Overall, St Lawrence Housing II Inc presents itself as a trustworthy nonprofit with a commendable track record in accountability and financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is St Lawrence Housing Ii Inc legitimate?
St Lawrence Housing Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Lawrence Housing Ii 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: $123,053
For more financial information, click here
What is the mission statement of St Lawrence Housing Ii Inc?
St. Lawrence Housing II Inc. is a housing complex regulated by the HUD, providing an affordable living space for low-income elderly and handicapped individuals. Their mission, as stated under HUD regulations, is to offer essential housing services to this specific demographic. The organization aims to ensure that these individuals have a place to call home, providing them with the necessary support they need. The housing complex, consisting of 68 apartments, operates under Section 202 of the National Housing Act, with HUD providing housing assistance.
Who is the CEO of St Lawrence Housing Ii Inc?
James Wayne is the President of St Lawrence Housing Ii Inc.
What is the revenue of St Lawrence Housing Ii Inc?
St Lawrence Housing Ii Inc's revenue in 2022 was $538,277.
Who are the executives of St Lawrence Housing Ii Inc and what are their salaries?
The average compensation at St Lawrence Housing Ii Inc during 2022 was $17,579. There are 7 employees at St Lawrence Housing Ii Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $80,767
- Other: $13,009
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Lawrence Housing Ii Inc?
St Lawrence Housing Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Lawrence Housing Ii Inc
St. Lawrence Housing II Inc., as a HUD-subsidized and regulated apartment complex, is committed to providing affordable housing and essential services to low-income elderly and/or handicapped individuals. Operating under HUD regulations, the organization's mission is to create an environment that prioritizes the needs of this specific demographic. This commitment extends beyond just providing a place to live, with St. Lawrence Housing II Inc. also offering additional resources to enhance the quality of life for its residents.
The organization's residences consist of 68 apartments, which are specifically designated for low-income elderly persons under Section 202 of the National Housing Act. This HUD regulation ensures that the apartment complex adheres to strict standards of affordability and accessibility, ensuring that the elderly and handicapped residents can maintain their independence while living in a secure and comfortable environment. By catering to this specific demographic, St. Lawrence Housing II Inc. plays a crucial role in supporting the elderly and handicapped community, enabling them to live with dignity and independence.
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Impact
July, 2024
St Lawrence Housing II Inc's impact is significant in providing essential affordable housing and services to low-income elderly and/or handicapped individuals in St. Petersburg, FL. The organization offers 68 HUD-subsidized apartments under Section 202 of the National Housing Act, ensuring that those in need have access to safe and affordable housing. By adhering to HUD regulations and providing housing assistance, St Lawrence Housing II Inc plays a crucial role in supporting vulnerable populations and improving their quality of life.
This information is meant to be a general summary of St Lawrence Housing Ii 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: $5,487
- Program Service Revenue: $179,506
- Gross Receipts: $538,277
Assets and Liabilities:
- Total Assets: $7,013,321
- Total Liabilities: $50,710
- Net Assets: $6,962,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$179,506
Organization Details
Founding Year
2007
Phone
(727) 893-1314Principal Officer
James Wayne
Main Address
6363 NINTH AVENUE NORTH, ST PETERSBURG, FL, 33710
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