Overview
What is Snhs Elderly Housing Viii Inc?
Snhs Elderly Housing Viii Inc is a nonprofit organization situated in Manchester, New Hampshire. Their primary mission is to offer housing solutions for economically challenged elderly individuals. This mission is achieved through a tailored program designed to cater specifically to this demographic, providing them with a secure and budget-friendly living environment. The organization is dedicated to ensuring that the elderly have a safe and comfortable place to reside.
Official website here: www.snhs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62% (Two-Star out of Four Stars)
SNHS Elderly Housing VIII Inc has received a Two-Star rating from Charity Navigator, indicating that it has some strengths but also significant areas for improvement. The charity has a high program expense ratio of 89.50%, suggesting that a substantial portion of its funding is directed toward its programs, which is a positive sign for its impact on the community it serves.
However, the organization faces challenges with governance and financial accountability. Notably, there are no independent members on its board of directors, which raises concerns about oversight and decision-making processes. Additionally, the charity has a concerning liabilities to assets ratio of 118.11%, indicating potential financial instability.
On the administrative side, while the charity does have several policies in place, such as a conflict of interest and whistleblower policy, it is lacking in transparency as it has not posted its tax form on its website. This lack of accessibility to financial documents may hinder public trust and accountability. Overall, while SNHS Elderly Housing VIII Inc demonstrates a commitment to its programming, it needs to address its governance issues and improve financial transparency to enhance its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Snhs Elderly Housing Viii Inc legitimate?
Snhs Elderly Housing Viii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snhs Elderly Housing Viii 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: $24,291
For more financial information, click here
Official website here: www.snhs.org
What is the mission statement of Snhs Elderly Housing Viii Inc?
Snhs Elderly Housing Viii Inc's mission is centered around providing housing solutions for elderly individuals with limited income. The organization aims to create a secure and budget-friendly living environment for this specific demographic. By offering housing options tailored to their needs, Snhs Elderly Housing Viii Inc aims to ensure that these elderly individuals have a suitable place to reside. While the location of the organization is in Manchester, NH, this detail is not essential to understanding its mission.
Official website here: www.snhs.org
Who is the CEO of Snhs Elderly Housing Viii Inc?
James Chaisson is the Chairman of Snhs Elderly Housing Viii Inc.
Official website here: www.snhs.org
What is the revenue of Snhs Elderly Housing Viii Inc?
Snhs Elderly Housing Viii Inc's revenue in 2023 was $181,712.
Official website here: www.snhs.org
Who are the executives of Snhs Elderly Housing Viii 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: $61,639
- Other: $28,812
Official website here: www.snhs.org
Where can I find the form 990 for Snhs Elderly Housing Viii Inc?
Snhs Elderly Housing Viii 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 Viii Inc
Snhs Elderly Housing Viii, as a nonprofit organization, is dedicated to providing housing solutions for low-income elderly individuals. Their mission is to create a safe and affordable living environment specifically catered to this demographic. By offering housing options, Snhs Elderly Housing Viii ensures that elderly people have a secure place to call home, easing their concerns about housing and allowing them to focus on other aspects of their lives. This mission is crucial in providing these individuals with the dignity and comfort they deserve.
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Impact
October, 2024
SNHS Elderly Housing VIII Inc plays a vital role in providing safe and affordable housing for low-income elderly individuals in Manchester, NH. By offering dedicated housing options, the organization ensures that this vulnerable population has access to a stable living environment, which significantly impacts their quality of life.
The housing program is tailored to meet the unique needs of elderly residents, promoting a sense of security and community. This support not only helps to alleviate financial burdens but also fosters social connections and well-being among residents. In essence, Snhs Elderly Housing VIII Inc serves as a critical resource in addressing the housing challenges faced by low-income elderly people, enabling them to live with dignity and comfort in their golden years.
This information is meant to be a general summary of Snhs Elderly Housing Viii 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: $61
- Program Service Revenue: $79,945
- Gross Receipts: $181,712
Assets and Liabilities:
- Total Assets: $2,026,322
- Total Liabilities: $2,393,310
- Net Assets: -$366,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$76,354
LAUNDRY & A/C
Revenue
$3,591
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: L21 - Housing
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