Overview
What is Sycamore Anderson Senior Housing Inc?
Sycamore Anderson Senior Housing Inc, based in Cincinnati, Ohio, is a nonprofit corporation with a mission to construct, own, and manage a 50-unit senior living community named Flora Gardens. This endeavor is in accordance with Section 202 of the National Housing Act, aiming to provide affordable housing options for seniors in Reading, Ohio. The organization's focus is on creating a welcoming and supportive living environment for its elderly residents, ensuring they have access to a comfortable and secure place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
Sycamore Anderson Senior Housing Inc has received a Two-Star rating, indicating some concerns regarding its accountability and financial practices. With an overall score of 64%, the organization demonstrates strong program expense management, allocating 84.78% of its expenses directly to programs. However, the rating reflects significant weaknesses in areas such as board independence and transparency, particularly the absence of independent board members and the missing disclosure of its tax form on its website.
While the nonprofit has established several important policies such as conflict of interest, whistleblower, and document retention, its governance structure lacks independent oversight, which is crucial for fostering trust and accountability. Additionally, the organization struggles with a high liabilities-to-assets ratio of 124.56%, raising potential concerns regarding financial stability. Addressing these weaknesses could enhance its rating and improve overall operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sycamore Anderson Senior Housing Inc legitimate?
Sycamore Anderson Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sycamore Anderson Senior 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: $0
For more financial information, click here
What is the mission statement of Sycamore Anderson Senior Housing Inc?
Sycamore Anderson Senior Housing Inc, as a not-for-profit corporation, was established with the purpose of constructing, owning, and operating a 50-unit apartment community, named Flora Gardens, in compliance with Section 202 of the National Housing Act. Their mission, in simpler terms, is dedicated to providing housing solutions for seniors, fulfilling the requirements set by the National Housing Act. This organization aims to contribute to the housing sector, specifically for elderly individuals, by constructing and managing affordable living spaces. Their focus is on the Flora Gardens community in Reading, Ohio, ensuring it serves as a suitable living environment for its senior residents.
Who is the CEO of Sycamore Anderson Senior Housing Inc?
John S Dattilo is the President of Sycamore Anderson Senior Housing Inc. The CEO's salary of Sycamore Anderson Senior Housing Inc is $0 and their total compensation is $694,773.
What is the revenue of Sycamore Anderson Senior Housing Inc?
Sycamore Anderson Senior Housing Inc's revenue in 2022 was $596,279.
Who are the executives of Sycamore Anderson Senior Housing Inc and what are their salaries?
There 5 volunteers at Sycamore Anderson Senior Housing Inc.
Here are 13 key members and their salaries (Sycamore Anderson Senior Housing Inc's CEO's salary is $0 and their total compensation is $694,773):
- Compensation: $0
- Related: $626,872
- Other: $67,901
- Compensation: $0
- Related: $363,620
- Other: $37,901
- Compensation: $0
- Related: $334,250
- Other: $35,922
- Compensation: $0
- Related: $244,945
- Other: $24,467
- Compensation: $0
- Related: $198,749
- Other: $35,172
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sycamore Anderson Senior Housing Inc?
Sycamore Anderson Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sycamore Anderson Senior Housing Inc
Sycamore Anderson Senior Housing Inc, a not-for-profit corporation, was established with a mission to construct, own, and operate a 50-unit apartment community, named Flora Gardens, in accordance with Section 202 of the National Housing Act. This organization's primary objective is to provide suitable housing for senior citizens, ensuring they live in a comfortable and secure environment. The construction and operation of Flora Gardens is a testament to Sycamore Anderson Senior Housing Inc's commitment to cater to the housing needs of the elderly, promoting their overall well-being and quality of life.
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Impact
July, 2024
Sycamore Anderson Senior Housing Inc's impact is providing affordable and safe housing for senior citizens in Reading, Ohio through the operation of Flora Gardens, a 50-unit apartment community. This initiative helps address the housing needs of seniors in the area, ensuring they have a comfortable living environment that supports their well-being and quality of life. By offering affordable housing options, Sycamore Anderson Senior Housing Inc plays a crucial role in enhancing the overall social welfare and stability of the community, particularly for its elderly residents.
This information is meant to be a general summary of Sycamore Anderson Senior 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: $570
- Program Service Revenue: $193,432
- Gross Receipts: $596,279
Assets and Liabilities:
- Total Assets: $1,515,253
- Total Liabilities: $1,887,450
- Net Assets: -$372,197
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$193,432
Organization Details
Founding Year
1994
Phone
(513) 782-2400Principal Officer
John S Dattilo
Main Address
11100 SPRINGFIELD PIKE, CINCINNATI, OH, 45246
NTEE Category
Code: L22Z - Housing
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