Overview
What is Shoals Senior Housing Inc?
Shoals Senior Housing Inc, located in Shoals, Indiana, is a dedicated nonprofit organization. Their primary mission is to provide subsidized housing for the elderly residents of the area. This service aims to ensure that senior citizens in Shoals have access to comfortable and affordable living arrangements. The organization's activities and vision are centered around this mission, contributing positively to the lives of the elderly community in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 73%)
Shoals Senior Housing Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization performs well in certain areas, there are significant aspects that need attention. The organization scored high marks for accountability and finance, particularly in areas such as the independence of board members and the program expense ratio, which indicates a strong focus on its mission-related activities.
However, several critical areas were noted as limitations. The nonprofit is missing essential governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which could raise concerns about transparency and accountability. Additionally, the organization's tax form is not available on its website, further impacting its accountability score.
Overall, while Shoals Senior Housing Inc demonstrates a commitment to effectively utilizing its resources for its programs, it must improve its governance practices and transparency to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Shoals Senior Housing Inc legitimate?
Shoals Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shoals Senior Housing 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:
Executive Compensation: $8,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Shoals Senior Housing Inc?
Shoals Senior Housing Inc is committed to providing subsidized housing for senior citizens within their service area. This organization's primary goal is to ensure that elderly individuals have access to affordable housing, without specifying the exact location. They strive to contribute to the well-being and comfort of senior citizens by offering subsidized housing options. By doing so, they aim to alleviate housing-related challenges that senior citizens may face, enhancing their quality of life. The organization's activities primarily revolve around offering housing assistance to senior citizens.
Who is the CEO of Shoals Senior Housing Inc?
Dick Cresgy is the Secretary of Shoals Senior Housing Inc.
What is the revenue of Shoals Senior Housing Inc?
Shoals Senior Housing Inc's revenue in 2022 was $138,322.
Who are the executives of Shoals Senior Housing Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $8,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Shoals Senior Housing Inc?
Shoals Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shoals Senior Housing Inc
Shoals Senior Housing Inc, a nonprofit organization, is dedicated to providing subsidized housing for senior citizens residing in the Shoals, Indiana area. Their mission is centered around ensuring that elderly individuals within this community have access to affordable housing options. By offering subsidized housing, Shoals Senior Housing Inc strives to alleviate the financial burden associated with housing, enabling senior citizens to focus on other aspects of their lives. The organization's primary goal is to provide a secure and comfortable living environment for senior citizens, enabling them to maintain their independence and dignity as they age. By doing so, Shoals Senior Housing Inc plays a crucial role in enhancing the quality of life for senior citizens in the community.
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Impact
October, 2024
Shoals Senior Housing Inc significantly enhances the quality of life for senior citizens in the Shoals, Indiana area by providing subsidized housing. This initiative ensures that older residents have access to safe, affordable housing options, which is crucial in maintaining their independence and well-being. By focusing on this critical need, Shoals Senior Housing Inc alleviates financial burdens, enabling seniors to allocate their limited resources toward other essential aspects of their lives, such as healthcare, nutrition, and social activities.
Moreover, the presence of affordable housing fosters a sense of community among residents, encouraging social interactions and support networks. This can lead to improved mental health outcomes and overall satisfaction with life. The organization's commitment to creating a nurturing environment directly contributes to the stability and happiness of senior residents, making a profound impact on their daily lives and the broader community.
This information is meant to be a general summary of Shoals Senior Housing 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: $29
- Program Service Revenue: $134,577
- Gross Receipts: $138,322
Assets and Liabilities:
- Total Assets: $600,770
- Total Liabilities: $217,765
- Net Assets: $383,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$134,577
Organization Details
Founding Year
1973
Phone
(812) 296-1563Principal Officer
Dick Cresgy
Main Address
PO Box 172, Shoals, IN, 47581
NTEE Category
Code: L220 - Housing
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