Overview
What is Perry County Sr Citizens Housing Inc?
Perry County Sr Citizens Housing Inc is a nonprofit organization situated in New Lexington, Ohio. The organization specializes in providing affordable housing for the elderly, operating a 50-unit apartment complex under Section 202 of the National Housing Act. They receive rental subsidies from the U.S. Department of Housing and Urban Development (HUD). The land for this complex is leased from the local board of commissioners. With a small team of 2 dedicated individuals, this organization plays a significant role in ensuring elderly residents have access to comfortable and subsidized housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 71%)
Perry County Sr Citizens Housing Inc has received a Two-Star rating, indicating that it needs improvement in certain areas. While the organization scores well in aspects such as having a fully independent board and a strong financial oversight committee, it falls short in its accountability measures. The absence of a whistleblower policy, document retention protocols, and the lack of transparency regarding tax forms on its website are notable weaknesses.
Financially, the organization demonstrates a solid program expense ratio of 83.38%, suggesting that the majority of its expenses are directed towards its programs. However, it exhibits a concerning liabilities to assets ratio of 164.71%, which may raise questions about its financial sustainability. These financial concerns, coupled with the missing accountability policies, highlight areas requiring attention for Perry County Sr Citizens Housing Inc to enhance its operations and donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Perry County Sr Citizens Housing Inc legitimate?
Perry County Sr Citizens Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Perry County Sr Citizens Housing 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: $86,028
For more financial information, click here
What is the mission statement of Perry County Sr Citizens Housing Inc?
Perry County Sr Citizens Housing Inc, as a nonprofit organization, manages an apartment complex that provides subsidized housing for the elderly. The complex, consisting of 50 units, is funded under Section 202 of the National Housing Act. Rent supplements are received from HUD, and the land is leased from the local board of commissioners. The organization's mission, in essence, is to offer affordable housing solutions for elderly individuals, ensuring they can live comfortably with financial aid. The organization's activities are guided by the provisions of Section 202, which aims to support the housing needs of specific populations, including the elderly.
Who is the CEO of Perry County Sr Citizens Housing Inc?
William Moorhead is the President of Perry County Sr Citizens Housing Inc.
What is the revenue of Perry County Sr Citizens Housing Inc?
Perry County Sr Citizens Housing Inc's revenue in 2022 was $490,815.
Who are the executives of Perry County Sr Citizens Housing Inc and what are their salaries?
The average compensation at Perry County Sr Citizens Housing Inc during 2022 was $43,014. There are 2 employees at Perry County Sr Citizens Housing Inc.
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Where can I find the form 990 for Perry County Sr Citizens Housing Inc?
Perry County Sr Citizens Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Perry County Sr Citizens Housing Inc
Perry County Sr Citizens Housing Inc, a nonprofit organization, is dedicated to providing housing solutions for the elderly. It achieves this mission by owning an apartment complex, which comprises 50 subsidized units. This complex operates under Section 202 of the National Housing Act. The organization receives rental supplements from the Department of Housing and Urban Development (HUD). Furthermore, the land on which the apartment complex is built is leased from the local board of commissioners. In essence, Perry County Sr Citizens Housing Inc plays a crucial role in offering affordable housing options for the elderly, thereby contributing to their overall well-being and quality of life.
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Impact
July, 2024
Perry County Sr Citizens Housing Inc's impact is significant in providing affordable housing options for the elderly in New Lexington, Ohio. Through its ownership of a 50-unit apartment complex under Section 202 of the National Housing Act, the organization offers subsidized units to seniors in need. This enables older residents to access safe and affordable housing, contributing to their overall well-being and quality of life. Additionally, by receiving rent supplements from HUD and leasing land from the local board of commissioners, Perry County Sr Citizens Housing Inc plays a vital role in supporting the housing needs of the elderly population in the community.
This information is meant to be a general summary of Perry County Sr Citizens Housing 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: $406
- Program Service Revenue: $490,409
- Gross Receipts: $490,815
Assets and Liabilities:
- Total Assets: $890,536
- Total Liabilities: $1,578,852
- Net Assets: -$688,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent Subsidy-HUD
Revenue
$249,440
Tenant Rent
Revenue
$240,969
Organization Details
Founding Year
1983
Phone
(614) 818-4640Principal Officer
William Moorhead
Main Address
520 First St PO Box 605, New Lexington, OH, 43764
NTEE Category
Code: L22 - Housing
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