Overview
What is St Thomas Housing Corporation?
St. Thomas Housing Corporation, based in Terrace Park, Ohio, is a charitable nonprofit organization with a mission to support the tenants of a low-income housing apartment community. Specifically, they act as the Resident Service Coordinator for the residents of Thomaston Woods, a low-income housing apartment community in Amelia, Ohio. Their primary objective is to enhance the lives of these residents by providing necessary supportive services. The organization operates under Section 501(c)(3) of the Internal Revenue Code, allowing it to make distributions to other eligible exempt organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while St Thomas Housing Corporation demonstrates some strengths in its accountability and financial management, there are significant areas for improvement. The organization has a high program expense ratio of 95.63%, showcasing a strong commitment to its mission, but the overall rating reflects a lack of essential governance policies.
The nonprofit's governance structure appears solid, with all board members being independent and effective documentation of board meeting minutes. However, the absence of critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy has led to lower scores in these categories, which are vital for transparency and accountability.
Additionally, the organization has not provided its website on its tax form, which detracts from its overall accountability score. While financial management appears sound, with a liabilities to assets ratio of 0.00%, the missing policies and lack of a visible online presence may raise concerns among potential donors and stakeholders regarding governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is St Thomas Housing Corporation legitimate?
St Thomas Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Thomas Housing Corporation 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.
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What is the mission statement of St Thomas Housing Corporation?
The St. Thomas Housing Corporation is established with charitable, religious, educational, and scientific purposes in mind. It primarily focuses on distributing funds to organizations that fall under Section 501(C)(3) of the Internal Revenue Code or its corresponding section in any future federal tax code. The corporation's primary role is to provide supportive services as the Resident Service Coordinator for tenants living in a low-income housing apartment community named Thomas Woods. This service aims to enhance the living experiences of these residents.
Who is the CEO of St Thomas Housing Corporation?
Reverend Darren Elin is the President of St Thomas Housing Corporation.
What is the revenue of St Thomas Housing Corporation?
St Thomas Housing Corporation's revenue in 2022 was $48,479.
Who are the executives of St Thomas Housing Corporation and what are their salaries?
There 40 volunteers at St Thomas Housing Corporation.
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Where can I find the form 990 for St Thomas Housing Corporation?
St Thomas Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Thomas Housing Corporation
St. Thomas Housing Corporation, a charitable organization, is established with the primary mission of providing supportive services. In this role, the corporation serves as the Resident Service Coordinator for tenants residing in a low-income housing apartment community named Thomaston Woods. The organization's purpose is multifaceted, falling under the categories of charitable, religious, educational, and scientific pursuits. It is designed to make distributions to organizations that qualify as exempt under Section 501(c)(3) of the Internal Revenue Code of 1986, or any corresponding section of future federal tax codes. In simpler terms, St. Thomas Housing Corporation is dedicated to enhancing the lives of low-income housing community residents by offering essential services.
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Impact
August, 2024
St. Thomas Housing Corporation's impact lies in its provision of critical supportive services to tenants of a low-income housing apartment community in Amelia, Ohio, known as Thomaston Woods. By offering these services, the organization helps improve the quality of life for individuals and families facing financial challenges. Through its mission of providing supportive services, St. Thomas Housing Corporation plays a significant role in serving the community and addressing the housing needs of low-income individuals in Terrace Park, Ohio.
This information is meant to be a general summary of St Thomas Housing Corporation. 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: $9,924
- Gross Receipts: $48,479
Assets and Liabilities:
- Total Assets: $2,080,449
- Total Liabilities: $0
- Net Assets: $2,080,449
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Organization Details
Founding Year
1988
Phone
(513) 821-2052Principal Officer
Reverend Darren Elin
Main Address
100 MIAMI AVENUE, TERRACE PARK, OH, 45174
NTEE Category
Code: L20 - Housing
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