Overview
What is Hempfield Apartments Inc?
Hempfield Apartments Inc is a nonprofit organization committed to providing elderly individuals with suitable housing facilities and services. Located within their program, they offer affordable living options tailored to cater to the physical, social, and psychological needs of older adults. The organization operates a HUD Section 202 housing project, which is specifically designed to prioritize the well-being of the elderly population, ensuring they live in a supportive and inclusive environment.
Official website here: www.capmercer.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
Hempfield Apartments Inc received a score of 68%, which classifies it as a Two-Star organization. The rating reflects a mix of strengths and weaknesses, notably in the area of accountability and finance. The nonprofit boasts a fully independent board with no conflicts of interest, as well as strong documentation practices. However, it lacks a whistleblower policy and a document retention and destruction policy, which are important elements of governance.
Additionally, the program expense ratio is commendable at 80.73%, suggesting that a significant portion of its budget is dedicated to its programs. Despite this, the organization faces challenges with its liabilities to assets ratio, which stands at a concerning 135.50%. This indicates that the organization's liabilities exceed its assets, potentially posing financial stability concerns moving forward.
Overall, while Hempfield Apartments Inc demonstrates strong governance practices with independent oversight, their financial ratios suggest areas for improvement. Stakeholders may want to consider these factors when evaluating the organization's long-term sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hempfield Apartments Inc legitimate?
Hempfield Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hempfield 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,838
For more financial information, click here
Official website here: www.capmercer.org
What is the mission statement of Hempfield Apartments Inc?
Hempfield Apartments Inc's mission is centered around providing suitable housing facilities and services for the elderly, addressing their physical, social, and psychological needs. The organization operates under the HUD Section 202 housing project, which is specifically designed to cater to the elderly population. Their primary goal is to offer affordable housing solutions for older adults, ensuring they live in an environment that caters to their unique needs.
Official website here: www.capmercer.org
Who is the CEO of Hempfield Apartments Inc?
Patty Mccluskey-Shonka is the Vice President of Hempfield Apartments Inc. The CEO's salary of Hempfield Apartments Inc is $0 and their total compensation is $119,108.
Official website here: www.capmercer.org
What is the revenue of Hempfield Apartments Inc?
Hempfield Apartments Inc's revenue in 2023 was $148,439.
Official website here: www.capmercer.org
Who are the executives of Hempfield Apartments Inc and what are their salaries?
Here are 7 key members and their salaries (Hempfield Apartments Inc's CEO's salary is $0 and their total compensation is $119,108):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $102,515
- Other: $16,593
- Compensation: $0
- Related: $61,909
- Other: $9,272
Official website here: www.capmercer.org
Where can I find the form 990 for Hempfield Apartments Inc?
Hempfield Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.capmercer.org
Learn more at the official website: www.capmercer.org
Mission Statement of Hempfield Apartments Inc
Hempfield Apartments Inc, a nonprofit organization, is dedicated to serving the elderly community by operating a HUD Section 202 housing project. Their mission is to provide elderly individuals with housing facilities and services that cater to their unique physical, social, and psychological needs. The organization's primary goal is to offer affordable housing for older adults, ensuring they live in an environment that supports their overall well-being. By operating such a project, Hempfield Apartments Inc aims to contribute to the comfort and safety of the elderly population, fostering an environment that promotes their independence and quality of life.
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Impact
October, 2024
Hempfield Apartments Inc significantly impacts the community by providing tailored housing facilities and services for elderly individuals. Located in Sharon, Pennsylvania, the organization focuses on meeting the unique physical, social, and psychological needs of older adults. Through their operation of a HUD Section 202 housing project, Hempfield Apartments ensures that affordable housing options are available, enhancing the quality of life for seniors.
By fostering a supportive living environment, Hempfield Apartments not only addresses housing affordability but also promotes social engagement and mental well-being among residents. The programs offered are specifically designed to create a nurturing atmosphere where elderly individuals can thrive, leading to improved health outcomes and a greater sense of community. This commitment to the elderly population enriches the lives of residents and strengthens the fabric of the community as a whole.
This information is meant to be a general summary of Hempfield 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 2023.
- Investment Income: $115
- Program Service Revenue: $148,195
- Gross Receipts: $148,439
Assets and Liabilities:
- Total Assets: $2,342,939
- Total Liabilities: $3,174,870
- Net Assets: -$831,931
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENTS RENTAL
Revenue
$101,171
TENANT ASSISTANCE PAYM
Revenue
$53,067
LAUNDRY AND VENDING
Revenue
$3,285
VACANCIES - APARTMENTS
Revenue
-$9,328
Organization Details
Founding Year
2007
Phone
(724) 342-6222Principal Officer
Patty Mccluskey-Shonka
Main Address
75 SOUTH DOCK STREET, SHARON, PA, 161461860
Website
www.capmercer.orgNTEE Category
Code: L21 - Housing
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