Overview
What is Menorah Plaza Housing Corporation?
Menorah Plaza Housing Corporation is a nonprofit organization, specifically identified as a 155-unit facility, situated in St. Louis Park, Minnesota. This organization, operating under the name Menorah Plaza Apartments, primarily focuses on providing low-income housing and associated services to senior citizens. The organization, Sholom, which manages Menorah Plaza Housing Corporation, is a not-for-profit entity that offers a comprehensive range of residential, social, and healthcare services primarily for older adults, within a Jewish environment. With a workforce of 12 individuals, Menorah Plaza Housing Corporation aims to support this vulnerable demographic by providing them with a safe and affordable living space.
Official website here: www.sholom.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Menorah Plaza Housing Corporation has achieved an 81% rating from Charity Navigator, reflecting a solid commitment to accountability and financial transparency. This rating is primarily based on the organization's performance in the Accountability & Finance category, where it scored well in various metrics, indicating strong governance and responsible resource management.
The organization benefits from a fully independent board, which is composed of eight members, earning full points in both independent board member presence and size. It maintains a range of effective oversight practices, including a robust audit and oversight committee, and has clear policies for conflict of interest, whistleblowing, and document retention, contributing to its high score in accountability.
While the organization demonstrates a commendable program expense ratio of 79.51%, indicating that a significant portion of its expenses goes toward its mission-related activities, there are no noted limitations or concerns in the feedback provided. This positions Menorah Plaza Housing Corporation as a trustworthy nonprofit dedicated to its mission and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Menorah Plaza Housing Corporation legitimate?
Menorah Plaza Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Menorah Plaza Housing 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: $128,000
For more financial information, click here
Official website here: www.sholom.com
What is the mission statement of Menorah Plaza Housing Corporation?
Menorah Plaza Housing Corporation is a not-for-profit organization that primarily serves older adults, offering a comprehensive range of residential, social service, and healthcare services. Sholom, as part of Menorah Plaza, is dedicated to this mission within a Jewish environment. The corporation operates as a 155-unit HUD facility, providing low-income housing and related services to senior citizens. This includes necessary assistance beyond housing, ensuring a holistic approach to meeting the needs of its elderly residents.
Official website here: www.sholom.com
Who is the CEO of Menorah Plaza Housing Corporation?
Barb Klick is the CEO of Menorah Plaza Housing Corporation The CEO's salary of Menorah Plaza Housing Corporation is $0 and their total compensation is $347,152.
Official website here: www.sholom.com
What is the revenue of Menorah Plaza Housing Corporation?
Menorah Plaza Housing Corporation's revenue in 2023 was $12,409,891.
Official website here: www.sholom.com
Who are the executives of Menorah Plaza Housing Corporation and what are their salaries?
The average compensation at Menorah Plaza Housing Corporation during 2023 was $12,800. There are 10 employees and 7 volunteers at Menorah Plaza Housing Corporation.
Here are 10 key members and their salaries (Menorah Plaza Housing Corporation's CEO's salary is $0 and their total compensation is $347,152):
- 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
- Compensation: $0
- Related: $336,897
- Other: $10,255
- Compensation: $0
- Related: $214,723
- Other: $12,892
- Compensation: $0
- Related: $210,638
- Other: $3,574
Official website here: www.sholom.com
Where can I find the form 990 for Menorah Plaza Housing Corporation?
Menorah Plaza Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sholom.com
Learn more at the official website: www.sholom.com
Mission Statement of Menorah Plaza Housing Corporation
Menorah Plaza Housing Corporation, a not-for-profit organization, is dedicated to providing a comprehensive range of residential, social service, and healthcare services primarily for older adults, within a Jewish environment. Sholom, as it is known, serves as a vital resource for senior citizens by offering them low-income housing and related services at its 155-unit HUD facility. The corporation's mission is multifaceted, aiming to enhance the quality of life for its residents by addressing their physical, emotional, and social needs. By offering a broad continuum of services, Menorah Plaza Housing Corporation seeks to empower its senior citizens to lead fulfilling lives, maintaining their independence and dignity as much as possible.
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Impact
October, 2024
Menorah Plaza Housing Corporation addresses the critical need for affordable housing by providing 155 units of low-income housing specifically designed for senior citizens in St. Louis Park, MN. By creating a supportive living environment, it enables older adults to maintain dignity and independence while ensuring they have access to essential services.
The corporation's mission focuses on delivering a broad continuum of residential, social service, and health care options tailored to the unique needs of seniors. This fosters a strong sense of community and belonging, particularly within a Jewish environment, enriching the lives of residents through meaningful social connections and support networks. By fulfilling these needs, Menorah Plaza Housing Corporation significantly enhances the quality of life for vulnerable seniors, contributing positively to the local community as a whole.
This information is meant to be a general summary of Menorah Plaza Housing 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 2023.
- Investment Income: $830
- Program Service Revenue: $817,209
- Gross Receipts: $15,232,201
Assets and Liabilities:
- Total Assets: $4,723,708
- Total Liabilities: $4,879,787
- Net Assets: -$156,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$817,209
Organization Details
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