Overview
What is Spruce Manor Inc?
Spruce Manor Inc is a nonprofit organization situated in Huntington, West Virginia. The primary mission of this organization is to offer affordable housing to individuals who are mentally ill or disabled, falling under the category of low-income earners. The corporation runs a six-unit rental complex, specifically designed for this purpose. The expenses associated with the facility are covered by the organization itself. Spruce Manor Inc is dedicated to providing a supportive living environment for those in need, contributing positively to its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
Spruce Manor Inc has received a Two-Star rating, which indicates that while the organization has some strengths, there are important areas needing improvement. The rating reflects a score of 71% in Accountability & Finance, highlighting a solid performance in aspects such as having a fully independent board and no material diversion of assets. However, the lack of a website listed on the tax form and missing key policies, such as conflict of interest and whistleblower protections, are significant gaps.
The organization shows a commendable program expense ratio of 68.26%, which suggests that a substantial portion of its funds is directed towards its programs. Additionally, the liabilities to assets ratio is low at 1.60%, indicating a stable financial position. Nonetheless, the absence of critical governance policies and transparency measures can raise concerns regarding its overall accountability and operational integrity.
To enhance its rating and public perception, Spruce Manor Inc should prioritize the development and implementation of the missing policies and ensure that necessary documents are made available on its website. Addressing these limitations may significantly improve trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Spruce Manor Inc legitimate?
Spruce Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spruce Manor 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: $6,265
For more financial information, click here
What is the mission statement of Spruce Manor Inc?
Spruce Manor Inc, as an organization, is committed to providing low-income housing for individuals who are mentally ill or disabled. Their primary mission is to offer a living space that caters to this specific group of individuals, ensuring they have a place to call home. The corporation operates a six-unit rental complex, which is specifically designed for this purpose, with all expenses being allocated to the facility. The goal is to provide a safe and suitable living environment for these individuals, thereby contributing positively to their overall well-being.
Who is the CEO of Spruce Manor Inc?
William Mullett is the Chair of Spruce Manor Inc.
What is the revenue of Spruce Manor Inc?
Spruce Manor Inc's revenue in 2022 was $56,006.
Who are the executives of Spruce Manor Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Spruce Manor Inc?
Spruce Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spruce Manor Inc
Spruce Manor Inc, as a nonprofit organization, is dedicated to providing low-income housing for individuals who are mentally ill or disabled. Their mission is centered around offering a secure living space for these individuals, ensuring they have access to a suitable place to call home. The corporation manages a six-unit rental complex, specifically designed to cater to this group of individuals. The focus of Spruce Manor Inc's activities is on providing affordable housing, ensuring that all associated expenses are allocated towards maintaining the facility and meeting the needs of its residents.
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Impact
August, 2024
Spruce Manor Inc provides crucial low-income housing for mentally ill and/or disabled individuals in Huntington, West Virginia. Through its ownership and operation of a six-unit rental complex, this organization offers a much-needed resource for individuals who may struggle to find suitable housing due to their conditions. By dedicating all its resources to maintaining this facility, Spruce Manor Inc plays a vital role in supporting vulnerable populations in the community.
This information is meant to be a general summary of Spruce Manor 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 2022.
- Investment Income: $53
- Program Service Revenue: $15,266
- Gross Receipts: $56,006
Assets and Liabilities:
- Total Assets: $566,943
- Total Liabilities: $10,615
- Net Assets: $556,328
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME- TENANTS
Revenue
$15,199
TENANT CHARGES
Revenue
$67
Organization Details
Founding Year
2010
Phone
(304) 525-7851Principal Officer
William Mullett
Main Address
5600 RTE 60 EAST, HUNTINGTON, WV, 25705
NTEE Category
Code: P80 - Human services
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