Overview
What is Assisi Homes-Batavia Apartments Inc?
Assisi Homes-Batavia Apartments Inc is a not-for-profit corporation established in Illinois on July 19, 1993. Its primary mission is to provide housing and related services for elderly or disabled individuals with low incomes. The organization operates a 290-unit community situated in Batavia, Illinois, which is funded through housing assistance and capital advances from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, as amended. The corporation's purpose is to enhance the living conditions and support system of the targeted population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Stars)
Assisi Homes-Batavia Apartments Inc has received a Two-Star rating from Charity Navigator, indicating it has some areas of concern, particularly in governance and financial management. The organization scored 64% overall, reflecting weaknesses in the independence of its board members, as there are no independent members currently serving. This lack of independent oversight may impact the effectiveness of organizational governance.
On a positive note, the organization demonstrates strong program expense management, with a high ratio of 97.60%, indicating that a significant portion of its resources is directed towards its programs. Additionally, Assisi Homes has robust policies in place, including conflict of interest and whistleblower policies, which are essential for maintaining transparency and accountability.
However, the organization has several areas needing improvement. Key issues include the absence of an independent board and missing financial documents on its website, which could affect donor trust and overall accountability. The ratio of liabilities to assets is concerning at 106.93%, suggesting potential financial instability. Efforts to enhance board independence and improve transparency will be crucial for the organization moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Assisi Homes-Batavia Apartments Inc legitimate?
Assisi Homes-Batavia Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assisi Homes-Batavia Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $480,008
For more financial information, click here
What is the mission statement of Assisi Homes-Batavia Apartments Inc?
Assisi Homes-Batavia Apartments Inc, established in 1993, is a not-for-profit corporation with a mission to provide housing and related services for low-income elderly or disabled individuals. The organization receives funding and support from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. The primary goal of Assisi Homes is to create a community that offers comfortable living spaces for this specific group, thus enhancing their quality of life. The corporation's operations are in accordance with Illinois' not-for-profit statutes, further emphasizing their commitment to social welfare.
Who is the CEO of Assisi Homes-Batavia Apartments Inc?
Melissa Clayton is the President/Director of Assisi Homes-Batavia Apartments Inc.
What is the revenue of Assisi Homes-Batavia Apartments Inc?
Assisi Homes-Batavia Apartments Inc's revenue in 2022 was $3,736,805.
Who are the executives of Assisi Homes-Batavia Apartments Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $162,243
- Other: $9,934
- Compensation: $0
- Related: $239,519
- Other: $10,391
Where can I find the form 990 for Assisi Homes-Batavia Apartments Inc?
Assisi Homes-Batavia Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assisi Homes-Batavia Apartments Inc
Assisi Homes-Batavia Apartments Inc is a not-for-profit corporation established in 1993, adhering to the not-for-profit statutes of Illinois. Its primary purpose is to operate a 290-unit community, providing housing and related services for elderly or disabled individuals with very low incomes. This organization receives housing assistance and capital advances from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which has been amended. The mission of Assisi Homes-Batavia Apartments Inc is to create an inclusive living environment where these individuals can thrive, offering them the essential support they need to maintain their independence and dignity. The organization's services extend beyond housing, aiming to enhance the quality of life for its residents, ensuring they can age comfortably and securely.
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Impact
October, 2024
Assisi Homes-Batavia Apartments Inc significantly impacts the lives of very low-income elderly and disabled individuals by providing affordable housing and essential services. Located in Batavia, Illinois, the 290-unit community offers a safe and stable living environment for those who may otherwise struggle to find suitable accommodations.
By receiving support from the U.S. Department of Housing and Urban Development, Assisi Homes ensures that its residents have access to critical resources and assistance. This support not only facilitates housing affordability but also contributes to the overall well-being of its residents, fostering a sense of community and belonging.
The organization plays a vital role in enhancing the quality of life for some of society's most vulnerable populations, helping them maintain their independence while offering the necessary support structures to address their unique needs. Through its commitment to serving those in need, Assisi Homes-Batavia Apartments Inc positively influences both individual lives and the broader community.
This information is meant to be a general summary of Assisi Homes-Batavia Apartments 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: $122
- Program Service Revenue: $1,445,704
- Gross Receipts: $3,736,805
Assets and Liabilities:
- Total Assets: $10,069,018
- Total Liabilities: $10,767,182
- Net Assets: -$698,164
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$1,376,942
ANCILLARY SERVICES
Revenue
$47,362
OTHER REVENUE
Revenue
$21,400
Organization Details
Founding Year
1993
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L210 - Housing
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