Overview
What is St Theresa Village Inc?
St. Theresa Village Inc., established in 1994, is a nonprofit organization based in Ohio. Their primary mission is to construct, own, and operate a 50-unit apartment community in Cincinnati, Ohio, adhering to Section 202 of the National Housing Act. This project, known as St. Theresa Village, provides affordable housing solutions for low-income individuals, governed by the regulations set by the U.S. Department of Housing and Urban Development (HUD) in terms of rent charges and operational methods.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
St Theresa Village Inc has received a 77% rating, which translates to a Three-Star rating. This score is solely based on its accountability and finance measures, reflecting the organization’s commitment to responsible financial practices. The rating indicates that the organization is effectively managing its resources and maintaining transparency in its operations.
The organization demonstrates strong accountability, having scored full points in several categories, including conflict of interest and whistleblower policies, as well as maintaining a clear document retention policy. Additionally, St Theresa Village Inc has a very low liabilities to assets ratio of 10.80%, showcasing financial stability. The program expense ratio is notably high at 97.31%, indicating that a significant portion of its expenses directly supports its programs.
However, the overall score is derived from a single beacon score, which may limit the breadth of evaluation compared to other organizations with more varied performance metrics. While the financial scores are commendable, potential donors might consider looking for additional qualitative assessments or impact evaluations to gain a fuller understanding of the organization’s effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St Theresa Village Inc legitimate?
St Theresa Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Theresa Village 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: $151,693
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of St Theresa Village Inc?
St. Theresa Village Inc., a non-profit organization, was established with the mission to construct, own, and operate a 50-unit apartment community, adhering to Section 202 of the National Housing Act. The organization's primary objective is to provide affordable housing for individuals with low income. St. Theresa Village Inc. is regulated by the Department of Housing and Urban Development (HUD) in terms of rental charges and operating methods. Currently, the project, consisting of 50 units, is operational in Cincinnati, Ohio, and is known as St. Theresa Village.
Official website here: www.mercyhousing.org
Who is the CEO of St Theresa Village Inc?
James Alexander is the President/Director of St Theresa Village Inc.
Official website here: www.mercyhousing.org
What is the revenue of St Theresa Village Inc?
St Theresa Village Inc's revenue in 2022 was $489,511.
Official website here: www.mercyhousing.org
Who are the executives of St Theresa Village Inc and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $127,814
- Other: $21,025
- Compensation: $0
- Related: $104,597
- Other: $45,941
- Compensation: $0
- Related: $63,576
- Other: $14,262
- Compensation: $0
- Related: $233,119
- Other: $11,765
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $100,631
- Other: $27,789
- Compensation: $0
- Related: $62,977
- Other: $14,353
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
Official website here: www.mercyhousing.org
Where can I find the form 990 for St Theresa Village Inc?
St Theresa Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyhousing.org
Learn more at the official website: www.mercyhousing.org
Mission Statement of St Theresa Village Inc
St. Theresa Village Inc, established as a not-for-profit corporation, was founded with the mission to construct, own, and operate a 50-unit apartment community. This endeavor aligns with Section 202 of the National Housing Act, aimed at providing affordable housing options. The organization's objective is to create a community that caters to individuals with low income, adhering to the regulations set forth by the Department of Housing and Urban Development (HUD) with regards to rent charges and operating methods. The St. Theresa Village, as it is known, currently operates in Cincinnati, Ohio, offering a residential space for those in need of affordable housing.
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Impact
July, 2024
St. Theresa Village Inc's impact lies in providing affordable housing through its 50-unit apartment community in Cincinnati, Ohio. By offering low-income rental housing under Section 202 of the National Housing Act, this organization helps address the housing needs of individuals in need. Through its regulated rent charges and operating methods overseen by HUD, St. Theresa Village Inc contributes to creating a stable and supportive living environment for its residents.
This information is meant to be a general summary of St Theresa Village 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: $9
- Program Service Revenue: $210,910
- Gross Receipts: $489,511
Assets and Liabilities:
- Total Assets: $1,512,953
- Total Liabilities: $163,492
- Net Assets: $1,349,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$208,947
OTHER REVENUE
Revenue
$1,420
ANCILLARY SERVICES
Revenue
$543
Organization Details
Founding Year
1994
Phone
(303) 830-3300Principal Officer
James Alexander
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L22 - Housing
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