Overview
What is Summerdale Court Inc?
Summerdale Court Inc is a nonprofit organization situated in Memphis, Tennessee, specifically at 795 Ridge Lake Blvd. Their primary mission is to provide affordable quality housing for vulnerable populations, including the elderly, individuals with disabilities, and those with very low incomes. They operate an eight-unit apartment complex in Clairton, Pennsylvania, under the supervision of the U.S. Department of Housing and Urban Development. With a small workforce of five employees, Summerdale Court Inc strives to ensure that these individuals have access to suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Summerdale Court Inc. has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, with an overall score of 79%. The organization boasts a fully independent board, scoring a perfect 10 out of 10 for the majority of independent members. Furthermore, it has no material diversion of assets, demonstrating a commitment to ethical governance.
The nonprofit has implemented key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which further enhance its accountability. Additionally, Summerdale Court Inc. has shown strong financial health with a program expense ratio of 90.17%, meaning that the vast majority of its expenses are directed towards its programs rather than administrative costs.
While the organization exhibits strong governance and financial practices, the rating suggests there may be areas for improvement to reach a higher star rating. However, the current score reflects a commendable performance that potential donors can consider when evaluating the charity's effectiveness and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Summerdale Court Inc legitimate?
Summerdale Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summerdale Court 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:
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For more financial information, click here
What is the mission statement of Summerdale Court Inc?
Summerdale Court Inc is committed to providing affordable, high-quality housing for elderly individuals, people with disabilities, and those with very low income. Their mission is to ensure that everyone has access to suitable living spaces, regardless of their financial situation or specific needs. The organization operates an 8-unit apartment complex, operating under the supervision of the U.S. Department of Housing and Urban Development. Their primary focus is on individuals with developmental disabilities, offering rental properties that cater to their unique requirements.
Who is the CEO of Summerdale Court Inc?
Matthew C Osborne is the President of Summerdale Court Inc.
What is the revenue of Summerdale Court Inc?
Summerdale Court Inc's revenue in 2022 was $114,308.
Who are the executives of Summerdale Court Inc and what are their salaries?
There are 5 employees and 10 volunteers at Summerdale Court Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Summerdale Court Inc?
Summerdale Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Summerdale Court Inc
Summerdale Court Inc, a nonprofit organization, is devoted to providing affordable quality housing for elderly individuals, people with disabilities, and those with very low income. The mission of Summerdale Court Inc is to ensure that these vulnerable groups have access to suitable living spaces, enabling them to maintain a dignified and independent lifestyle. Operating under the auspices of the U.S. Department of Housing and Urban Development, this organization manages an 8-unit apartment complex in Clairton, Pennsylvania. By providing affordable housing, Summerdale Court Inc plays a crucial role in supporting these communities and enhancing their overall well-being.
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Impact
October, 2024
Summerdale Court Inc plays a crucial role in enhancing the quality of life for vulnerable populations in Clairton, Pennsylvania, by offering affordable, quality housing solutions. The organization specifically focuses on individuals with developmental disabilities, the elderly, and those from very low-income backgrounds, ensuring that these groups have access to safe and comfortable living environments.
Operating an 8-unit apartment complex, Summerdale Court Inc addresses the pressing need for housing that is both accessible and supportive. This initiative not only provides shelter but also fosters a sense of community among residents, helping to combat social isolation often experienced by these demographics. Moreover, by working under the auspices of the U.S. Department of Housing and Urban Development, the organization adheres to standards that enhance the sustainability and livability of its housing options.
Through its commitment to serving those in need, Summerdale Court Inc significantly contributes to the overall well-being of the community by empowering individuals with disabilities and low-income seniors, allowing them to lead dignified and independent lives.
This information is meant to be a general summary of Summerdale Court 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: $75
- Program Service Revenue: $114,197
- Gross Receipts: $114,308
Assets and Liabilities:
- Total Assets: $596,157
- Total Liabilities: $573,296
- Net Assets: $22,861
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$71,579
RENTAL REVENUE, NET
Revenue
$42,618
Organization Details
Founding Year
1997
Phone
(678) 860-6833Principal Officer
Matthew C Osborne
Main Address
795 RIDGE LAKE BLVD, MEMPHIS, TN, 38120
NTEE Category
Code: P80 - Human services
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