Overview
What is Ailbe Senior Housing Corporation?
Ailbe Senior Housing Corporation is a nonprofit organization situated in Chicago, Illinois, specifically at 721 N La Salle St, 60654. Its primary mission is to cater to the elderly population, ensuring their physical, social, and emotional well-being. The organization operates two housing facilities, St. Ailbe Faith and St. Ailbe Love Apartments, which collectively house approximately 150 residents. These residences aim to address the overall needs of the elderly, incorporating both their physical and psychological requirements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Ailbe Senior Housing Corporation has achieved a score of 79%, which reflects a solid overall performance in terms of accountability and finance. The organization has notably scored high in various critical areas, including a perfect score for its financial statements and oversight, as well as maintaining a strong liabilities to assets ratio of 11.46%. This indicates a responsible management of resources, which is beneficial for maintaining financial stability.
The nonprofit also demonstrates transparency and ethical governance through its established policies. With all required policies such as conflict of interest, whistleblower, and document retention listed and scoring full points, Ailbe Senior Housing Corporation shows a commitment to accountability and ethical practices. Additionally, the program expense ratio stands at 76.18%, suggesting that a significant portion of its budget is directed towards its mission-oriented programs.
Despite the strengths highlighted, a rating of 79% suggests there is room for improvement. While the organization has strong financial oversight and ethical policies in place, further enhancing its program effectiveness and transparency could elevate its standing and impact within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Ailbe Senior Housing Corporation legitimate?
Ailbe Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ailbe Senior 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: $348,672
For more financial information, click here
What is the mission statement of Ailbe Senior Housing Corporation?
Ailbe Senior Housing Corporation is committed to providing housing and essential services for the elderly, addressing their physical, social, and emotional needs. The organization's mission is centered around meeting the comprehensive needs of its senior residents, ensuring their well-being and quality of life. St. Ailbe Faith and St. Ailbe Love Apartments, under its management, offer housing to around 150 elderly individuals.
Who is the CEO of Ailbe Senior Housing Corporation?
Elida Hernandez is the Chairman of Ailbe Senior Housing Corporation.
What is the revenue of Ailbe Senior Housing Corporation?
Ailbe Senior Housing Corporation's revenue in 2023 was $1,601,895.
Who are the executives of Ailbe Senior Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $255,227
- Other: $40,428
- Compensation: $0
- Related: $227,328
- Other: $23,839
- Compensation: $0
- Related: $137,144
- Other: $49,028
- Compensation: $0
- Related: $146,128
- Other: $36,319
- Compensation: $0
- Related: $122,439
- Other: $9,518
- Compensation: $0
- Related: $104,894
- Other: $17,523
- Compensation: $0
- Related: $92,738
- Other: $20,249
- Compensation: $0
- Related: $69,813
- Other: $29,271
Where can I find the form 990 for Ailbe Senior Housing Corporation?
Ailbe Senior Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ailbe Senior Housing Corporation
Ailbe Senior Housing Corporation is committed to serving the elderly population, addressing their physical, social, and psychological needs. The organization provides housing and essential services, aiming to enhance the quality of life for its residents. With a focus on St. Ailbe Faith and St. Ailbe Love Apartments, Ailbe Senior Housing Corporation houses approximately 150 elderly individuals, offering them a secure and supportive living environment.
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Impact
October, 2024
Ailbe Senior Housing Corporation significantly impacts the elderly community in Chicago by providing essential housing and comprehensive services that address their physical, social, and psycho-social needs. With facilities like St. Ailbe Faith and St. Ailbe Love Apartments, the organization accommodates approximately 150 residents, fostering a supportive environment that promotes well-being and community engagement.
By focusing on the diverse needs of older adults, Ailbe Senior Housing Corporation enhances the quality of life for its residents, ensuring they have access to safe housing and vital support services. This approach not only addresses immediate housing needs but also contributes to the overall health and happiness of the elderly population, helping them maintain a sense of dignity and belonging within their community.
This information is meant to be a general summary of Ailbe Senior 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: $3,125
- Program Service Revenue: $1,570,246
- Gross Receipts: $1,601,895
Assets and Liabilities:
- Total Assets: $10,799,516
- Total Liabilities: $1,238,125
- Net Assets: $9,561,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$1,064,156
Resident Rental Fees
Revenue
$506,090
Organization Details
Founding Year
1994
Phone
(312) 655-7000Principal Officer
Elida Hernandez
Main Address
721 N La Salle St, Chicago, IL, 60654
NTEE Category
Code: L20 - Housing
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