Overview
What is St Clement's Non-Profit Housing Development Corporation?
St. Clement's Non-Profit Housing Development Corporation, located in Inkster, Michigan, is a small nonprofit organization with a single employee. Their primary mission is to offer affordable housing solutions to individuals with disabilities and the elderly, contributing to their community by providing a much-needed service. Based at 4009 Northland, this organization focuses on making quality housing accessible for those in need, contributing to their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
St Clement's Non-Profit Housing Development Corporation has achieved a Three-Star rating from Charity Navigator, indicating a fair level of accountability and finance management. The rating reflects strong strengths in governance, with a fully independent board and excellent scores for policies related to conflict of interest, whistleblower protections, and document retention.
The organization demonstrates a high program expense ratio of 97.17%, which suggests a significant focus on its mission-driven activities. However, a concerning aspect of its financials is the liabilities to assets ratio, which is notably high at 432.88%, indicating potential financial risk that could impact its stability and operational capacity.
Overall, while St Clement's Non-Profit Housing Development Corporation shows commendable governance and a strong commitment to program expenses, stakeholders should be mindful of its financial liabilities. Continued attention to financial health will be essential for sustaining its operations and fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is St Clement's Non-Profit Housing Development Corporation legitimate?
St Clement's Non-Profit Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Clement's Non-Profit Housing Development 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: $34,880
For more financial information, click here
What is the mission statement of St Clement's Non-Profit Housing Development Corporation?
St. Clement's Non-Profit Housing Development Corporation is dedicated to serving a noble cause. Their mission is centered around providing affordable housing for individuals who are either disabled or elderly, falling under the category of low-income earners. The organization's primary objective is to ensure that these vulnerable groups have a roof over their heads, thereby enhancing their quality of life. Through its initiatives, St. Clement's Corporation offers rental housing solutions, providing a sense of security and stability to those in need. The corporation's role extends beyond just housing, as it aims to contribute positively to the well-being of these individuals, thereby empowering them to live with dignity and independence.
Who is the CEO of St Clement's Non-Profit Housing Development Corporation?
Cedric Flounory is the Vice President of St Clement's Non-Profit Housing Development Corporation.
What is the revenue of St Clement's Non-Profit Housing Development Corporation?
St Clement's Non-Profit Housing Development Corporation's revenue in 2022 was $488,559.
Who are the executives of St Clement's Non-Profit Housing Development Corporation and what are their salaries?
The average compensation at St Clement's Non-Profit Housing Development Corporation during 2022 was $34,880. There is 1 employee and 7 volunteers at St Clement's Non-Profit Housing Development Corporation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for St Clement's Non-Profit Housing Development Corporation?
St Clement's Non-Profit Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Clement's Non-Profit Housing Development Corporation
St. Clement's Non-Profit Housing Development Corporation is dedicated to providing low-income housing options for individuals with disabilities and the elderly. The organization's mission is crystal clear: it aims to create a living space that is accessible and affordable for those who may face challenges due to their disabilities or advanced age. By offering rental housing, St. Clement's Non-Profit Housing Development Corporation seeks to contribute to the well-being of these vulnerable groups, providing them with a secure and comfortable living environment.
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Impact
July, 2024
St. Clement's Housing Development Corporation has had a significant impact by providing affordable housing for low-income individuals with disabilities or the elderly in Inkster, Michigan. Through their efforts, they have helped improve the quality of life for marginalized populations by ensuring they have a safe and stable place to live. Their mission to provide housing for those in need reflects a commitment to social responsibility and community wellbeing.
This information is meant to be a general summary of St Clement's Non-Profit Housing Development 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: $8,688
- Program Service Revenue: $93,447
- Gross Receipts: $488,559
Assets and Liabilities:
- Total Assets: $325,009
- Total Liabilities: $1,406,922
- Net Assets: -$1,081,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$93,447
Organization Details
Founding Year
1988
Phone
(734) 595-4760Principal Officer
Cedric Flounory
Main Address
4009 NORTHLAND, INKSTER, MI, 48141
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