Overview
What is Sheridan Voa Elderly Housing Inc Penrose Place?
Sheridan Voa Elderly Housing Inc Penrose Place is a nonprofit organization situated in Alexandria, Virginia. Its primary mission, as per the National Housing Act Section 202, is to offer housing solutions for elderly and disabled individuals and families. This commitment is upheld through an agreement with the Department of HUD, ensuring that suitable living arrangements are provided for those who require such assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Sheridan Voa Elderly Housing Inc Penrose Place has achieved a high score of 94%, reflecting its strong performance in Accountability and Finance. This rating is based entirely on a single beacon score, indicating that the organization excels in its financial management and transparency practices.
The organization benefits from a highly independent board, with 86% of its members being independent, which contributes to its robust governance structure. Notably, it has implemented essential policies on conflict of interest and whistleblower protections, ensuring accountability and ethical standards are upheld. Additionally, the charity demonstrates a commendable program expense ratio of 91.70%, signifying that a substantial portion of its funds is directed toward its core mission rather than administrative costs.
While the data does not highlight significant limitations, the absence of noted issues like material diversion of assets indicates that Sheridan Voa Elderly Housing Inc Penrose Place is effectively safeguarding its resources and maintaining a strong financial position. Overall, the organization presents itself as a well-managed nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sheridan Voa Elderly Housing Inc Penrose Place legitimate?
Sheridan Voa Elderly Housing Inc Penrose Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheridan Voa Elderly Housing Inc Penrose Place 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: $29,067
For more financial information, click here
What is the mission statement of Sheridan Voa Elderly Housing Inc Penrose Place?
Sheridan Voa Elderly Housing Inc. Penrose Place, as an organization, is committed to providing housing for elderly and disabled individuals and families, adhering to Section 202 of the National Housing Act. They operate under an agreement with the Department of HUD, ensuring that suitable accommodations are available for those in need. The primary objective of this housing facility is to offer a safe and supportive living environment, catering to the unique needs of its residents. Their mission is centered around promoting independence, dignity, and quality of life for these individuals, allowing them to age with grace and comfort.
Who is the CEO of Sheridan Voa Elderly Housing Inc Penrose Place?
Peter Desjardins is the President of Sheridan Voa Elderly Housing Inc Penrose Place.
What is the revenue of Sheridan Voa Elderly Housing Inc Penrose Place?
Sheridan Voa Elderly Housing Inc Penrose Place's revenue in 2023 was $164,533.
Who are the executives of Sheridan Voa Elderly Housing Inc Penrose Place and what are their salaries?
Here are 23 key members and their salaries:
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- Related: $596,644
- Other: $175,327
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- Other: $152,258
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- Related: $319,790
- Other: $98,843
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- Related: $314,949
- Other: $65,001
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- Related: $185,410
- Other: $94,730
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- Related: $240,852
- Other: $38,707
- Compensation: $0
- Related: $239,275
- Other: $38,298
- Compensation: $0
- Related: $161,240
- Other: $16,968
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- Related: $147,670
- Other: $20,890
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Where can I find the form 990 for Sheridan Voa Elderly Housing Inc Penrose Place?
Sheridan Voa Elderly Housing Inc Penrose Place's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sheridan Voa Elderly Housing Inc Penrose Place
Sheridan Voa Elderly Housing Inc. Penrose Place is committed to providing housing solutions for elderly and disabled individuals and families. Operating under Section 202 of the National Housing Act, this organization enters into an agreement with the Department of HUD to fulfill its mission. By doing so, Sheridan Voa Elderly Housing Inc. Penrose Place offers a safe and secure living environment, catering to the unique needs of its residents. The organization's primary objective is to ensure that elderly and disabled persons have access to suitable housing, thereby improving their overall quality of life.
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Impact
October, 2024
Sheridan Voa Elderly Housing Inc Penrose Place significantly impacts the community by providing safe, affordable housing to elderly and disabled individuals and families in Alexandria, VA. Operating under Section 202 of the National Housing Act, the organization addresses critical housing needs, ensuring that some of the most vulnerable members of society have access to stable living conditions. This initiative fosters independence while promoting a sense of community among residents. By collaborating with the Department of HUD, Penrose Place not only enhances the quality of life for its tenants but also contributes to the broader goal of community improvement and social support for those who may otherwise face housing insecurity.
This information is meant to be a general summary of Sheridan Voa Elderly Housing Inc Penrose Place. 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: $812
- Program Service Revenue: $163,721
- Gross Receipts: $164,533
Assets and Liabilities:
- Total Assets: $2,156,009
- Total Liabilities: $410,626
- Net Assets: $1,745,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF ELDERLY HOUSING
Revenue
$163,721
Organization Details
Founding Year
2012
Phone
(703) 341-5000Principal Officer
Peter Desjardins
Main Address
1660 DUKE STREET, ALEXANDRIA, VA, 22314
NTEE Category
Code: S80 - Community improvement
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