Overview
What is Ebc Housing Corporation?
Ebc Housing Corporation is a charitable organization located in Cleveland, Ohio, specifically at 7201 Wade Park Avenue. Their primary focus is on providing subsidized senior housing for individuals with limited income, through the HUD Section 202 Program. This housing is part of Eliza Bryant Village, a facility offering comprehensive geriatric services such as adult day care, transportation, wellness programs, and community services, including skilled nursing care. Ebc Housing Corporation's mission aligns with Eliza Bryant Village's goal of enhancing the health and well-being of low-income elderly residents, achieving this by offering high-quality senior housing and connecting tenants to a range of supportive outpatient programs and services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Ebc Housing Corporation received a low rating due to significant weaknesses in its accountability and financial practices. While the organization boasts a fully independent board, it has not provided financial statements and lacks several key policies, including a whistleblower policy and document retention guidelines. These deficiencies have led to a poor score in accountability and finance.
Despite these shortcomings, Ebc Housing Corporation demonstrates strengths in program efficiency, with a program expense ratio of 82.09%, indicating that a high percentage of its expenditures support its mission. However, the extremely high liabilities to assets ratio of 488.51% raises concerns about its financial health and sustainability. Overall, while the nonprofit shows a commitment to its programs, the significant accountability issues necessitate improvement for greater transparency and trust.
This AI summary has been generated from information found on Charity Navigator.
Is Ebc Housing Corporation legitimate?
Ebc Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ebc 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.
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 Ebc Housing Corporation?
Ebc Housing Corporation's mission is centered around improving the lives of low-income elderly individuals. They strive to provide a dignified and fulfilling quality of life for this community by offering subsidized senior housing and a range of outpatient programs and services designed to enhance their health and well-being. This is achieved through the operation of Eliza Bryant Village (EBC) and the HUD 202 Program, which ensure the provision of high-quality senior housing. The corporation's goal is to create an environment that supports the overall well-being of its elderly tenants.
Who is the CEO of Ebc Housing Corporation?
Marc Rubinstein is the Cfo of Ebc Housing Corporation. The CEO's salary of Ebc Housing Corporation is $0 and their total compensation is $254,849.
What is the revenue of Ebc Housing Corporation?
Ebc Housing Corporation's revenue in 2022 was $591,448.
Who are the executives of Ebc Housing Corporation and what are their salaries?
Here are 10 key members and their salaries (Ebc Housing Corporation's CEO's salary is $0 and their total compensation is $254,849):
- Compensation: $0
- Related: $129,844
- Other: $0
- Compensation: $0
- Related: $118,982
- Other: $0
- Compensation: $0
- Related: $254,849
- Other: $0
- Compensation: $0
- Related: $118,734
- 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 Ebc Housing Corporation?
Ebc Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ebc Housing Corporation
Ebc Housing Corporation, a nonprofit organization, is dedicated to enhancing the lives of low-income elderly individuals. Their mission, in essence, is to offer a dignified and fulfilling quality of life for these individuals in their community. They achieve this goal by providing subsidized senior housing, facilitated through the Eliza Bryant Village (EBV) and the HUD 202 Program. Ebc Housing Corporation's tenants have the opportunity to benefit from a comprehensive range of outpatient programs and services, which are readily available on their campus. These offerings are designed to improve the seniors' health and well-being, contributing significantly to their overall quality of life.
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Impact
July, 2024
EBC Housing Corporation's impact is significant in providing subsidized senior housing for low-income elderly individuals. This organization plays a crucial role in enhancing the quality of life for seniors in the community by offering high-quality housing through the HUD Section 202 Program. By providing access to affordable housing, EBC Housing Corporation contributes to the well-being and dignity of elderly individuals, ensuring they have a safe and comfortable place to call home. Through their commitment to serving the needs of the elderly, EBC Housing Corporation positively impacts the lives of many seniors in Cleveland, Ohio, and creates a supportive environment where they can thrive.
This information is meant to be a general summary of Ebc 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: $24
- Program Service Revenue: $585,293
- Gross Receipts: $591,448
Assets and Liabilities:
- Total Assets: $1,100,823
- Total Liabilities: $4,404,371
- Net Assets: -$3,303,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Revenue
Revenue
$565,765
Cable Revenue
Revenue
$19,528
Organization Details
Founding Year
1996
Phone
(216) 361-6141Principal Officer
Marc Rubinstein
Main Address
7201 Wade Park Avenue, Cleveland, OH, 44103
NTEE Category
Code: L21 - Housing
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