Overview
What is Naomi And Sylvester Smith Senior Living Center?
Naomi And Sylvester Smith Senior Living Center is a nonprofit organization located at 8031 S Halsted St, Chicago, IL 60620. Its primary mission is to provide affordable housing for senior citizens, adhering to Section 202 of the Department of Housing and Urban Development (HUD) program for senior citizens. This center aims to support the elderly by offering low-income housing solutions, contributing to their well-being and living conditions. The organization employs a team of 23 individuals dedicated to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Naomi And Sylvester Smith Senior Living Center has received a solid three-star rating from Charity Navigator, indicating a generally positive performance in accountability and finance. The rating is derived solely from a single beacon score, with a strong emphasis on financial health. The organization showcases a commitment to transparency, as evidenced by its independent board structure and comprehensive conflict of interest policies.
Strengths of the organization include a fully independent board and robust oversight practices, contributing to high scores in accountability measures such as financial statement audits and proper governance policies. The program expense ratio is favorable at 81.06%, indicating a significant portion of funds is allocated towards programs that serve their mission.
However, the organization does have a concern reflecting in its liabilities to assets ratio at 118.75%, which suggests potential financial risk. While the organization performs well in many areas, this particular metric indicates that it may have more liabilities than assets, a point that potential donors and stakeholders may want to consider when evaluating its overall financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Naomi And Sylvester Smith Senior Living Center legitimate?
Naomi And Sylvester Smith Senior Living Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naomi And Sylvester Smith Senior Living Center 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: $334,071
For more financial information, click here
What is the mission statement of Naomi And Sylvester Smith Senior Living Center?
The Naomi And Sylvester Smith Senior Living Center's mission is centered around providing affordable housing for the elderly. This mission is carried out under the Department of Housing and Urban Development's Section 202 program, which is specifically designed for senior citizens. The center aims to offer low-income housing to this demographic, thereby ensuring that elderly individuals have access to affordable living spaces. The center's goal aligns with the broader objective of providing essential support to the elderly, enabling them to maintain their dignity and independence in their golden years.
Who is the CEO of Naomi And Sylvester Smith Senior Living Center?
Stanley Smith is the Chairman Board Of Director of Naomi And Sylvester Smith Senior Living Center.
What is the revenue of Naomi And Sylvester Smith Senior Living Center?
Naomi And Sylvester Smith Senior Living Center's revenue in 2022 was $945,273.
Who are the executives of Naomi And Sylvester Smith Senior Living Center and what are their salaries?
The average compensation at Naomi And Sylvester Smith Senior Living Center during 2022 was $14,525. There are 23 employees and 7 volunteers at Naomi And Sylvester Smith Senior Living Center.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Naomi And Sylvester Smith Senior Living Center?
Naomi And Sylvester Smith Senior Living Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Naomi And Sylvester Smith Senior Living Center
Naomi and Sylvester Smith Senior Living Center is committed to providing affordable housing for the elderly. Operating under the Department of Housing and Urban Development's Section 202 program, this nonprofit organization provides low-income housing for senior citizens. The mission of Naomi and Sylvester Smith Senior Living Center is to ensure that elderly individuals have access to comfortable and affordable living spaces, thereby improving their quality of life. The organization's housing solutions are designed to cater to the unique needs of senior citizens, providing them with a safe and supportive environment where they can age gracefully. By offering affordable housing, Naomi and Sylvester Smith Senior Living Center plays a significant role in promoting the well-being and independence of senior citizens, enabling them to maintain their dignity and self-sufficiency as they grow older.
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Impact
October, 2024
The Naomi And Sylvester Smith Senior Living Center significantly impacts the community by providing affordable housing to elderly residents in Chicago, IL. By focusing on low-income housing under the Department of Housing and Urban Development's Section 202 program, the center offers vital support to senior citizens, ensuring they have safe and comfortable living conditions. This initiative not only enhances the quality of life for its residents but also fosters a sense of community, helping to combat isolation and promote social engagement among seniors. The center's commitment to affordable housing addresses a critical need, making a meaningful difference in the lives of many individuals and families in the area.
This information is meant to be a general summary of Naomi And Sylvester Smith Senior Living Center. 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: $109
- Program Service Revenue: $945,164
- Gross Receipts: $945,273
Assets and Liabilities:
- Total Assets: $9,477,719
- Total Liabilities: $11,255,432
- Net Assets: -$1,777,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING
Revenue
$938,149
LAUNDRY/VENDING/OTHER
Revenue
$7,015
Organization Details
Founding Year
2009
Phone
(773) 224-8650Principal Officer
Stanley Smith
Main Address
8031 S HALSTED ST, CHICAGO, IL, 60620
NTEE Category
Code: L21 - Housing
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