Overview
What is St Sharbels Maronite Housing Corporation?
St. Sharbels Maronite Housing Corporation is a nonprofit organization situated in Peoria, Illinois. Its primary mission is to offer affordable housing options for the elderly and individuals with disabilities, adhering to the guidelines outlined by the U.S. Department of Housing and Urban Development (HUD). The corporation provides low-income rental units, ensuring compliance with HUD's rules and regulations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) with a score of 67%. This rating indicates that while St. Sharbels Maronite Housing Corporation has certain strengths, there are critical areas needing attention. The organization demonstrates a strong commitment to transparency with 100% independent board members and a solid program expense ratio of 81.14%, suggesting that a significant portion of its budget is directed towards its mission.
However, the nonprofit faces significant challenges in financial management, as evidenced by a liabilities to assets ratio of 190.20%, which could indicate potential financial instability. Additionally, several important policies, including a conflict of interest policy and a whistleblower policy, are missing, which raises concerns about governance and accountability practices.
Overall, while St. Sharbels Maronite Housing Corporation shows positive aspects in its operational oversight and program effectiveness, the lack of essential financial documentation and policies highlights areas for improvement to enhance trust and accountability among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is St Sharbels Maronite Housing Corporation legitimate?
St Sharbels Maronite Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Sharbels Maronite 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.
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What is the mission statement of St Sharbels Maronite Housing Corporation?
St. Sharbels Maronite Housing Corporation's primary mission is to offer affordable rental housing options for elderly and handicapped individuals. This organization adheres to the regulations set by the HUD (U.S. Department of Housing and Urban Development). The corporation's aim is to provide a safe and comfortable living environment for its residents, ensuring they can live with dignity and independence. The organization's housing provision is subject to specific guidelines and rules, which are essential to ensure the program's success. The corporation's mission reflects its commitment to serving the needs of vulnerable populations and promoting social inclusion and independence.
Who is the CEO of St Sharbels Maronite Housing Corporation?
Dr Christopher Couri is the President of St Sharbels Maronite Housing Corporation.
What is the revenue of St Sharbels Maronite Housing Corporation?
St Sharbels Maronite Housing Corporation's revenue in 2022 was $841,525.
Who are the executives of St Sharbels Maronite Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for St Sharbels Maronite Housing Corporation?
St Sharbels Maronite Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Sharbels Maronite Housing Corporation
St. Sharbels Maronite Housing Corporation is dedicated to providing affordable housing options for the elderly and individuals with disabilities. In line with the regulations set by the Department of Housing and Urban Development (HUD), this nonprofit organization offers rental housing to cater to this specific demographic. The corporation's mission is to ensure that those in need have access to secure and suitable living spaces, ultimately contributing to their overall well-being and quality of life.
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Impact
October, 2024
St. Sharbels Maronite Housing Corporation significantly impacts the community by offering low-income rental housing specifically designed for elderly and handicapped individuals. Located in Peoria, Illinois, the organization addresses critical housing needs, ensuring that vulnerable populations have access to safe and affordable living spaces. By adhering to the rules and regulations set forth by HUD, St. Sharbels not only provides essential housing options but also contributes to the stability and well-being of its residents, helping to foster a supportive environment for those who might otherwise face housing challenges. This commitment to serving the elderly and disabled enhances their quality of life, allowing them to maintain independence and dignity within a nurturing community.
This information is meant to be a general summary of St Sharbels Maronite 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 2022.
- Investment Income: $2,861
- Program Service Revenue: $226,905
- Gross Receipts: $841,525
Assets and Liabilities:
- Total Assets: $1,375,429
- Total Liabilities: $2,666,099
- Net Assets: -$1,290,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT-LOW INCOME
Revenue
$226,905
Organization Details
Founding Year
1983
Phone
(309) 673-2252Principal Officer
Dr Christopher Couri
Main Address
2914 W SCENIC DRIVE, PEORIA, IL, 61615
NTEE Category
Code: L220 - Housing
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