Overview
What is United Church Residences Of Indianapolis Indiana?
United Church Residences of Indianapolis, Indiana, is a nonprofit organization, primarily known as Capitol Station, situated in Marion, Ohio. The organization's primary mission is to offer subsidized apartment rental housing to around 50 low-income elderly and/or handicapped individuals, funded by the U.S. Department of Housing and Urban Development's Section 202 program. Their main objective is to ensure the provision of safe and affordable housing for those in need. The nonprofit operates with a small team of one dedicated employee.
Official website here: www.unitedchurchhomes.org/housing_in_capitol.php
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Score: 72%, Two-Star out of Four Star rating. The United Church Residences of Indianapolis has received a two-star rating, indicating that there are areas in need of improvement, particularly in financial health as reflected by a liabilities to assets ratio of 213.92%, which is concerning. The overall score emphasizes accountability and finance, with a strong performance in governance aspects such as having a majority of independent board members.
The organization has demonstrated strengths in several governance practices, including a 100% score in auditing oversight, a well-documented conflict of interest policy, and a whistleblower policy. The presence of independent board members also reflects positively on its governance structure. However, the failure to post its tax form on the nonprofit's website detracts from its accountability score.
Despite the strong governance practices, the financial metrics raise red flags, particularly the high liabilities in relation to assets. Additionally, while the program expense ratio of 62.92% suggests a commitment to its mission, it still falls short of expectations. Overall, while there are commendable governance practices in place, the financial health of the organization requires attention to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is United Church Residences Of Indianapolis Indiana legitimate?
United Church Residences Of Indianapolis Indiana is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Church Residences Of Indianapolis Indiana 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: $50,250
For more financial information, click here
Official website here: www.unitedchurchhomes.org/housing_in_capitol.php
What is the mission statement of United Church Residences Of Indianapolis Indiana?
The United Church Residences, without specifying its exact location, is committed to a mission of providing safe and affordable housing for individuals who fall under the low-income category. This mission is carried out through the U.S. Department of Housing and Urban Development's Section 202 Program, which enables the organization to offer subsidized apartment rental units to around 50 elderly and/or handicapped individuals. The primary objective is to ensure that these individuals have access to suitable housing without straining their limited financial resources.
Official website here: www.unitedchurchhomes.org/housing_in_capitol.php
Who is the CEO of United Church Residences Of Indianapolis Indiana?
Mary Anna Speller is the President of United Church Residences Of Indianapolis Indiana.
Official website here: www.unitedchurchhomes.org/housing_in_capitol.php
What is the revenue of United Church Residences Of Indianapolis Indiana?
United Church Residences Of Indianapolis Indiana's revenue in 2022 was $578,738.
Official website here: www.unitedchurchhomes.org/housing_in_capitol.php
Who are the executives of United Church Residences Of Indianapolis Indiana and what are their salaries?
The average compensation at United Church Residences Of Indianapolis Indiana during 2022 was $50,250. There is 1 employee at United Church Residences Of Indianapolis Indiana.
Here are 10 key members and their salaries:
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- Related: $394,111
- Other: $23,013
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- Other: $22,822
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Official website here: www.unitedchurchhomes.org/housing_in_capitol.php
Where can I find the form 990 for United Church Residences Of Indianapolis Indiana?
United Church Residences Of Indianapolis Indiana's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitedchurchhomes.org/housing_in_capitol.php
Learn more at the official website: www.unitedchurchhomes.org/housing_in_capitol.php
Mission Statement of United Church Residences Of Indianapolis Indiana
United Church Residences of Indianapolis Indiana is dedicated to serving the community by providing safe and affordable housing for individuals who fall under the category of low-income elderly and handicapped persons. This nonprofit organization achieves its mission through the U.S. Department of Housing and Urban Development (HUD) Section 202 program, which allows it to rent subsidized apartments to approximately 50 eligible residents. By offering affordable housing, United Church Residences of Indianapolis Indiana contributes to the well-being of these vulnerable individuals, providing them with a secure living environment where they can focus on their daily lives and personal growth.
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Impact
July, 2024
United Church Residences of Indianapolis Indiana's impact is providing safe and affordable housing for low-income elderly and/or handicapped persons. Their sole purpose is to offer subsidized apartment rental housing to approximately 50 individuals in need through the U.S. Department of Housing and Urban Development Section 202 Program. By fulfilling their mission to provide housing for those facing financial challenges, they contribute to enhancing the quality of life for vulnerable individuals in Marion, Ohio.
This information is meant to be a general summary of United Church Residences Of Indianapolis Indiana. 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: $307
- Program Service Revenue: $205,392
- Gross Receipts: $578,738
Assets and Liabilities:
- Total Assets: $1,391,437
- Total Liabilities: $2,976,596
- Net Assets: -$1,585,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Tenant Revenue
Revenue
$205,392
Organization Details
Founding Year
1993
Phone
(740) 382-4885Principal Officer
Mary Anna Speller
Main Address
170 East Center Street PO Box 1806, Marion, OH, 433011806
NTEE Category
Code: L80Z - Housing
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