Overview
What is Sacred Heart Community Corp?
Sacred Heart Community Corp is a nonprofit organization situated in Lyndhurst, Ohio. Their primary mission is to offer affordable housing opportunities for elderly and handicapped individuals, housing a total of 50 units. With a modest workforce of just two employees, they are dedicated to improving the living situations of vulnerable populations in their community. This commitment extends to providing essential housing solutions, ensuring that these individuals can live with dignity and independence.
Official website here: www.retireehousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
Sacred Heart Community Corp has achieved an 84% rating, reflecting a strong performance in accountability and finance. The charity's score is primarily based on its commitment to maintaining an independent board and transparency in financial reporting, which are crucial factors for donor trust.
The organization received full points for its independent board members, ensuring that there is no conflict of interest. Additionally, it has a high program expense ratio of 97.59%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. These strengths highlight the charity's dedication to effectively serving its mission.
However, some areas have been identified for improvement. The absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy may raise concerns regarding governance practices. Addressing these gaps could enhance the organization's overall accountability and strengthen its reputation among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart Community Corp legitimate?
Sacred Heart Community Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Community Corp 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: $76,268
For more financial information, click here
Official website here: www.retireehousing.com
What is the mission statement of Sacred Heart Community Corp?
Sacred Heart Community Corp's mission is centered around providing housing opportunities. Specifically, the organization aims to cater to the needs of low-income elderly and handicapped individuals. They accomplish this by offering 50 housing units, ensuring that these vulnerable groups have a suitable place to reside. The corporation's primary objective is to enhance the living conditions and provide a sense of security for those who may face challenges in securing adequate housing due to their income or disability status.
Official website here: www.retireehousing.com
Who is the CEO of Sacred Heart Community Corp?
Rigoberto Reveron is the Trustee of Sacred Heart Community Corp.
Official website here: www.retireehousing.com
What is the revenue of Sacred Heart Community Corp?
Sacred Heart Community Corp's revenue in 2022 was $513,336.
Official website here: www.retireehousing.com
Who are the executives of Sacred Heart Community Corp and what are their salaries?
The average compensation at Sacred Heart Community Corp during 2022 was $38,134. There are 2 employees at Sacred Heart Community Corp.
Here are 6 key members and their salaries:
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Official website here: www.retireehousing.com
Where can I find the form 990 for Sacred Heart Community Corp?
Sacred Heart Community Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.retireehousing.com
Learn more at the official website: www.retireehousing.com
Mission Statement of Sacred Heart Community Corp
Sacred Heart Community Corp, as a nonprofit organization, is committed to providing housing solutions for low-income elderly and handicapped individuals. With a mission that extends beyond just offering housing, this organization seeks to make a significant impact on the lives of those who are often vulnerable and in need of support. By providing 50 low-income housing units, Sacred Heart Community Corp creates a safe and secure environment for its residents, allowing them to live with dignity and independence. The organization's mission is not just about providing a roof over their heads, but also about fostering a sense of community and ensuring that each resident feels valued and cared for. By doing so, Sacred Heart Community Corp is making a difference in the lives of those who need it the most, and contributing to a more inclusive and compassionate society.
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Impact
July, 2024
Sacred Heart Community Corp provides housing for low-income elderly and handicapped individuals in Lyndhurst, Ohio. By offering 50 low-income housing units specifically designed for this demographic, the organization directly impacts the lives of these residents by providing them with safe and affordable housing options. This not only addresses a critical need in the community but also contributes to the overall well-being and quality of life of these individuals.
This information is meant to be a general summary of Sacred Heart Community Corp. 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: $27
- Program Service Revenue: $152,278
- Gross Receipts: $513,336
Assets and Liabilities:
- Total Assets: $894,461
- Total Liabilities: $1,740,403
- Net Assets: -$845,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$148,781
LAUNDRY & VENDING
Revenue
$2,991
OTHER INCOME
Revenue
$506
Organization Details
Founding Year
1979
Phone
(216) 360-8333Principal Officer
Rigoberto Reveron
Main Address
5845 LANDERBROOK DRIVE, LYNDHURST, OH, 44124
Website
www.retireehousing.comNTEE Category
Code: L22 - Housing
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