Overview
What is Columbia Catholic Housing For The Elderly Ii Inc?
Columbia Catholic Housing for the Elderly II Inc, located at 400 Union Street, Columbia, Pennsylvania 17512, is a nonprofit organization dedicated to providing affordable housing solutions. Their primary focus is on serving low-income elderly and handicapped individuals. They manage Saint Peter Apartments, a 126-unit complex that is regulated by the U.S. Department of Housing and Urban Development. This organization's mission is to ensure that these vulnerable individuals have access to safe and affordable housing, thereby enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Columbia Catholic Housing for the Elderly II Inc has received a Three-Star rating, indicating a solid level of performance in terms of accountability and finance. The organization scored particularly well in areas such as board independence and financial oversight, achieving full points for having an independent board and a comprehensive audit and oversight committee. The program expense ratio is impressive at 92.60%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, the nonprofit faces some challenges, particularly reflected in its liabilities to assets ratio, which stands at 106.69%. This indicates that the organization's liabilities exceed its assets, which could raise concerns about financial sustainability. While other metrics showcase a strong governance framework, the financial health aspect requires attention to ensure long-term viability.
In summary, while Columbia Catholic Housing for the Elderly II Inc demonstrates strong governance practices and a commitment to its programmatic mission, it must address its financial liabilities to enhance its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Catholic Housing For The Elderly Ii Inc legitimate?
Columbia Catholic Housing For The Elderly Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Catholic Housing For The Elderly 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: $226,128
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What is the mission statement of Columbia Catholic Housing For The Elderly Ii Inc?
Columbia Catholic Housing For The Elderly II Inc is dedicated to providing affordable housing for low-income elderly and handicapped individuals. Their mission is evident in their Saint Peter Apartments, a 126-unit complex regulated by the U.S. Department of Housing and Urban Development. This organization aims to offer a living space that is within reach for those who may otherwise face housing challenges due to their age or disability. By doing so, they contribute significantly to the well-being and independence of this specific demographic.
Who is the CEO of Columbia Catholic Housing For The Elderly Ii Inc?
Michael Schober is the Member of Columbia Catholic Housing For The Elderly Ii Inc.
What is the revenue of Columbia Catholic Housing For The Elderly Ii Inc?
Columbia Catholic Housing For The Elderly Ii Inc's revenue in 2023 was $1,541,945.
Who are the executives of Columbia Catholic Housing For The Elderly Ii Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Columbia Catholic Housing For The Elderly Ii Inc?
Columbia Catholic Housing For The Elderly Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Columbia Catholic Housing For The Elderly Ii Inc
Columbia Catholic Housing for the Elderly II Inc is dedicated to providing affordable housing for low-income elderly and handicapped individuals. This nonprofit organization fulfills its mission through Saint Peter Apartments, a 126-unit complex that is regulated by the U.S. Department of Housing and Urban Development. By offering affordable housing, Columbia Catholic Housing for the Elderly II Inc aims to provide a living environment that caters to the needs of those who may have limited financial resources, ensuring they can maintain their independence and dignity in their later years. The apartment complex serves as a vital resource for this vulnerable population, providing them with a secure and supportive living situation.
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Impact
October, 2024
Columbia Catholic Housing For The Elderly II Inc plays a significant role in enhancing the quality of life for low-income elderly and handicapped individuals in Columbia, PA. By providing affordable housing through the Saint Peter Apartments, which features 126 units, the organization addresses a critical need for accessible living options in the community. This initiative not only offers safe and stable housing but also fosters a sense of community among residents.
The impact extends beyond mere housing availability; it promotes dignity, independence, and well-being for its residents. By creating a supportive environment, Columbia Catholic Housing helps alleviate the challenges often faced by elderly and disabled individuals, enabling them to maintain their quality of life. Furthermore, the regulation by the U.S. Department of Housing and Urban Development ensures that the apartments meet safety and quality standards, providing greater peace of mind for both residents and their families. Overall, Columbia Catholic Housing For The Elderly II Inc is a vital resource in the community, making a profound difference in the lives of those it serves.
This information is meant to be a general summary of Columbia Catholic Housing For The Elderly 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 2023.
- Investment Income: -$8,684
- Program Service Revenue: $719,364
- Gross Receipts: $1,551,901
Assets and Liabilities:
- Total Assets: $3,132,844
- Total Liabilities: $3,342,452
- Net Assets: -$209,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET TENANT RENTAL INCOME
Revenue
$613,594
MISC REVENUE
Revenue
$74,566
CABLE TV INCOME
Revenue
$17,555
SERVICE/LAUNDRY INCOME
Revenue
$13,649
Organization Details
Founding Year
2008
Phone
(717) 684-2604Principal Officer
Michael Schober
Main Address
400 UNION STREET, COLUMBIA, PA, 17512
NTEE Category
Code: L22 - Housing
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