Overview
What is Summit Terrace Development Corporation?
Summit Terrace Development Corporation is a nonprofit organization based in Akron, Ohio, with the primary mission to offer safe, decent, and affordable housing specifically for single men and women struggling with chronic disabilities. The organization focuses on providing housing that caters to this unique population within the Akron community. While details regarding other programs or initiatives are not explicitly mentioned, it is clear that their core mission lies in housing support for individuals facing long-term health challenges.
Official website here: www.chcaddiction.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Summit Terrace Development Corporation has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is based entirely on the accountability and finance metrics, where the organization scored 83%, demonstrating a commitment to maintaining transparency and responsible financial practices.
The organization excels in several key areas, including having a fully independent board and no material diversion of assets, which are crucial indicators of good governance. They have also demonstrated a high program expense ratio, indicating that a significant portion of their funds is directed towards their programs, which enhances their impact.
However, it is noted that the organization is missing certain policies, such as a whistleblower policy and document retention and destruction policy. While these limitations do not significantly detract from their overall score, they indicate areas where the organization could improve its governance practices to further enhance accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Summit Terrace Development Corporation legitimate?
Summit Terrace Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit Terrace Development 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
Official website here: www.chcaddiction.org
What is the mission statement of Summit Terrace Development Corporation?
The Summit Terrace Development Corporation is dedicated to providing safe, decent, and affordable housing for single men and women living with a chronic disability. Their mission is to ensure that these individuals have a suitable living environment, fostering an atmosphere of dignity and affordability. By offering housing solutions, they aim to empower those with a disability to live independently with dignity and comfort.
Official website here: www.chcaddiction.org
Who is the CEO of Summit Terrace Development Corporation?
Michelle Marshall is the President of Summit Terrace Development Corporation.
Official website here: www.chcaddiction.org
What is the revenue of Summit Terrace Development Corporation?
Summit Terrace Development Corporation's revenue in 2022 was $143,058.
Official website here: www.chcaddiction.org
Who are the executives of Summit Terrace Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $176,183
- Other: $14,014
- Compensation: $0
- Related: $122,844
- Other: $15,529
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chcaddiction.org
Where can I find the form 990 for Summit Terrace Development Corporation?
Summit Terrace Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chcaddiction.org
Learn more at the official website: www.chcaddiction.org
Mission Statement of Summit Terrace Development Corporation
Summit Terrace Development Corporation, a non-profit organization, is committed to providing safe, decent, and affordable housing for single men and women with chronic disabilities. Established with a clear mission, the corporation aims to offer a living environment that caters specifically to this vulnerable group, ensuring they have a suitable place to call home. By providing housing, Summit Terrace Development Corporation seeks to make a significant difference in the lives of those affected by chronic disabilities, offering them a sense of security and stability that is essential for their well-being. The organization's efforts are focused on Akron, Ohio, where it strives to create a supportive community for its residents, enabling them to live with dignity and independence.
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Impact
June, 2024
Summit Terrace Development Corporation's impact can be seen in its dedication to providing safe, decent, and affordable housing to single men and women with a chronic disability in Akron, Ohio. By focusing on this specific demographic, the organization is directly addressing the housing needs of individuals with chronic disabilities, ensuring they have a supportive and stable living environment.
Through their mission to offer safe and affordable housing, Summit Terrace Development Corporation helps improve the quality of life for their residents, promoting mental health and well-being. By fulfilling this vital need, the organization contributes to enhancing the overall quality of life and independence of individuals facing challenges due to chronic disabilities. Their work not only provides a physical space to live but also fosters a sense of community and support for those in need.
This information is meant to be a general summary of Summit Terrace Development 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: $11
- Program Service Revenue: $139,047
- Gross Receipts: $143,058
Assets and Liabilities:
- Total Assets: $765,859
- Total Liabilities: $19,145
- Net Assets: $746,714
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE
Revenue
$97,049
RENTAL INCOME
Revenue
$41,820
LAUNDRY & VENDING
Revenue
$163
TENANT CHARGES
Revenue
$15
Organization Details
Founding Year
1995
Phone
(330) 434-2400Principal Officer
Michelle Marshall
Main Address
725 EAST MARKET STREET, AKRON, OH, 44305
Website
www.chcaddiction.orgNTEE Category
Code: F32 - Mental health
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