Overview
What is Sem Laurels Inc?
Sem Laurels Inc is a nonprofit organization situated in Cincinnati, Ohio, with a primary focus on providing rental housing solutions. They are recognized as a housing owners and renters organization, offering numerous programs, including a 122-unit housing facility for the elderly. Their mission is centered around the rental housing sector, aiming to cater to the needs of the elderly community in their area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 3 stars (82%)
Sem Laurels Inc has received an overall rating of 82%, indicating a solid level of accountability and financial health. The score is derived entirely from its Accountability & Finance beacon, which reflects the organization’s strong commitment to transparency and effective financial management. This rating is based on the most recent fiscal year, FY2023.
The organization demonstrates several strengths, notably having a fully independent board with 100% of its members independent. Its financial statements are under the oversight of an audit and oversight committee, and there are no reported material diversions of assets. Additionally, Sem Laurels Inc has a high program expense ratio of 86.27%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the organization showcases commendable financial practices, the rating does not provide insights into the impact of its programs or services offered. Overall, Sem Laurels Inc appears to be a financially sound nonprofit with strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sem Laurels Inc legitimate?
Sem Laurels Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sem Laurels 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: $0
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What is the mission statement of Sem Laurels Inc?
Sem Laurels Inc serves a mission in the realm of rental housing. They provide various programs, including 122 units of elderly housing. Positioned within the sector of housing owners and renters organizations, their primary focus is on offering housing solutions. While the specific location is not provided in the information, it is known that Sem Laurels Inc operates in Cincinnati, Ohio. Their mission is centered around providing rental housing solutions, catering to the needs of the elderly population in particular.
Who is the CEO of Sem Laurels Inc?
R Rooney is the Principal Officer of Sem Laurels Inc.
What is the revenue of Sem Laurels Inc?
Sem Laurels Inc's revenue in 2023 was $998,509.
Who are the executives of Sem Laurels Inc and what are their salaries?
There are 7 employees and 10 volunteers at Sem Laurels Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Sem Laurels Inc?
Sem Laurels Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sem Laurels Inc
Sem Laurels Inc, a nonprofit organization, is dedicated to providing rental housing services. Their mission encompasses operating various programs, with a notable one being the provision of 122 units of elderly housing. This housing organization falls under the category of housing owners and renters organizations, emphasizing its commitment to the rental sector. While the specifics of their services and target demographics are not detailed, it can be inferred that Sem Laurels Inc is dedicated to offering comfortable and suitable living spaces for its renters, with a special focus on the elderly population.
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Impact
October, 2024
Sem Laurels Inc plays a significant role in addressing housing needs in Cincinnati, OH, by providing essential rental housing services. With a focus on elderly housing, the organization offers 122 rental units, helping to ensure that senior residents have access to safe and affordable living options. This initiative not only supports individual well-being but also contributes to the broader community by fostering a stable living environment for older adults.
By categorizing itself under housing owners and renters organizations, Sem Laurels Inc actively participates in the local housing landscape, facilitating programs that aim to alleviate housing insecurity among vulnerable populations. The organization's commitment to its mission promotes sustainability in the community, creating a positive impact on the lives of many and enhancing the overall quality of living in Cincinnati.
This information is meant to be a general summary of Sem Laurels 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: $3,200
- Program Service Revenue: $995,309
- Gross Receipts: $998,509
Assets and Liabilities:
- Total Assets: $1,806,840
- Total Liabilities: $512,565
- Net Assets: $1,294,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$995,309
Organization Details
Founding Year
1980
Phone
(513) 831-5700Principal Officer
R Rooney
Main Address
7444 JAGER CT, CINCINNATI, OH, 45230
NTEE Category
Code: L200 - Housing
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