Overview
What is Miramar Senior Housing Projectinc?
Miramar Senior Housing Projectinc is a nonprofit organization dedicated to serving elderly families and individuals with low to moderate income. Their primary mission is to operate a Senior Housing community, comprising 75 independent living apartments, 24 units for memory support, and 13 assisted living units, functioning as a continuing care retirement community. This facility aims to provide a secure and supportive living environment for senior citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Miramar Senior Housing Projectinc received a Two-Star out of Four Star rating with an overall score of 69%. This rating indicates that while the organization meets some key standards of accountability and finance, there are areas that require improvement, particularly in financial health metrics. The program expense ratio is strong at 98.93%, suggesting a significant commitment of resources to its mission.
The organization demonstrates a solid governance structure with 66% independent board members and has established important policies such as conflict of interest and whistleblower protections. Additionally, there are no reported issues of material diversion of assets, indicating a level of trustworthiness in its operations. However, the low independent board size and a concerning liabilities-to-assets ratio of 276.41% highlight significant financial challenges that could affect its stability.
Overall, while Miramar Senior Housing Projectinc shows strengths in program expenditures and governance policies, the financial health challenges identified call for attention. Continuous improvement in these areas is essential for the organization to enhance its effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Miramar Senior Housing Projectinc legitimate?
Miramar Senior Housing Projectinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miramar Senior Housing Projectinc 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: $0
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What is the mission statement of Miramar Senior Housing Projectinc?
The Miramar Senior Housing Projectinc is committed to serving elderly families and individuals with low or moderate income. Their mission is to operate a senior housing facility, providing 75 independent living apartments, 24 memory support units, and 13 assisted living units, functioning as a continuing care retirement community. This organization aims to offer a living environment that caters to the needs of elderly residents, promoting their well-being and independence.
Who is the CEO of Miramar Senior Housing Projectinc?
Aristides Pallin is the Secretary of Miramar Senior Housing Projectinc.
What is the revenue of Miramar Senior Housing Projectinc?
Miramar Senior Housing Projectinc's revenue in 2022 was $121,571.
Who are the executives of Miramar Senior Housing Projectinc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Miramar Senior Housing Projectinc?
Miramar Senior Housing Projectinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Miramar Senior Housing Projectinc
Miramar Senior Housing Projectinc is committed to serving elderly families and individuals of low to moderate income by operating a senior housing facility. This nonprofit organization provides a living community that includes 75 independent living apartments, 24 memory support units, and 13 assisted living units, functioning as a continuing care retirement community. The mission of Miramar Senior Housing Projectinc is to offer a safe and supportive living environment for the elderly, ensuring they maintain their independence while also receiving the necessary care and assistance when required.
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Impact
October, 2024
Miramar Senior Housing Project Inc. has a significant impact on the Lauderdale Lakes community by providing essential housing and support services to elderly families and individuals with low to moderate incomes. By operating a comprehensive senior housing facility that includes 75 independent living apartments, 24 memory support units, and 13 assisted living units, the project addresses the critical need for affordable and accessible living arrangements for seniors.
The facility not only helps alleviate housing insecurity among elderly residents but also fosters a sense of community and belonging. It offers a range of living options, allowing seniors to choose the level of care that best suits their needs while promoting independence and dignity in their golden years. Additionally, the memory support units provide specialized care for individuals facing cognitive challenges, ensuring that they receive the attention and support required for their well-being.
Overall, Miramar Senior Housing Project Inc. plays a crucial role in enhancing the quality of life for seniors in the region, creating a safe, supportive environment that empowers them to thrive, connect with others, and maintain their independence.
This information is meant to be a general summary of Miramar Senior Housing Projectinc. 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: $68,771
- Program Service Revenue: $52,800
- Gross Receipts: $121,571
Assets and Liabilities:
- Total Assets: $3,713,205
- Total Liabilities: $10,263,943
- Net Assets: -$6,550,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAND LEASE CASA SANT'ANGELO
Revenue
$52,800
Organization Details
Founding Year
2008
Phone
(954) 484-1515Principal Officer
Aristides Pallin
Main Address
4790 N STATE ROAD 7, LAUDERDALE LAKES, FL, 33319
NTEE Category
Code: P75 - Human services
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