Overview
What is Assisi Homes - Jefferson Court Inc?
Assisi Homes - Jefferson Court Inc. is a nonprofit corporation established on June 1, 1993, in accordance with Wisconsin's not-for-profit laws. Located in Milwaukee, Wisconsin, the organization operates a 222-unit community that provides housing and related services for very low-income elderly or disabled individuals. The organization receives support in the form of housing assistance and capital advances from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. Assisi Homes-Jefferson Court Inc. aims to enhance the living conditions and overall well-being of its residents, offering them a supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Assisi Homes - Jefferson Court Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 64%. This indicates that while the organization is operational, there are significant areas that require improvement, particularly in governance and transparency. The lack of independent board members is a notable deficiency, which raises concerns about accountability and oversight.
The organization demonstrates strengths in its financial oversight, scoring full points for its audit and oversight committee, and has a solid program expense ratio at 97.09%. This suggests that a high percentage of its budget is directed towards programs rather than administrative costs, which is a positive indicator of its commitment to mission-driven work.
However, there are challenges that cannot be overlooked. The absence of independent board members, combined with a concerning liabilities to assets ratio of 132.22%, points to potential financial vulnerabilities. Additionally, critical documents such as the tax form and website information are missing, highlighting a lack of transparency that stakeholders may find troubling.
This AI summary has been generated from information found on Charity Navigator.
Is Assisi Homes - Jefferson Court Inc legitimate?
Assisi Homes - Jefferson Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assisi Homes - Jefferson Court 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: $445,062
For more financial information, click here
What is the mission statement of Assisi Homes - Jefferson Court Inc?
Assisi Homes - Jefferson Court Inc., established in 1993, is a non-profit organization dedicated to providing housing and related services for elderly or disabled individuals with very low income. The corporation receives funding and capital advances from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act. Its primary mission is to create a supportive living environment for this specific demographic, ensuring they can live with dignity and independence. The organization's purpose is to promote a sense of community and offer assistance to help improve their daily lives.
Who is the CEO of Assisi Homes - Jefferson Court Inc?
Melissa Clayton is the President/Director of Assisi Homes - Jefferson Court Inc.
What is the revenue of Assisi Homes - Jefferson Court Inc?
Assisi Homes - Jefferson Court Inc's revenue in 2022 was $2,798,721.
Who are the executives of Assisi Homes - Jefferson Court 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 - Jefferson Court Inc?
Assisi Homes - Jefferson Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assisi Homes - Jefferson Court Inc
Assisi Homes - Jefferson Court Inc is a non-profit organization established in accordance with the not-for-profit statutes of Wisconsin on June 1, 1993. Its primary mission is to operate a 222-unit community, providing housing and related services for individuals who fall under the category of very low-income elderly or disabled persons. This organization receives crucial support in the form of 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 primary purpose of Assisi Homes - Jefferson Court Inc is to create an inclusive living environment that caters to the unique needs of its residents, ensuring they lead comfortable and dignified lives.
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Impact
July, 2024
Assisi Homes - Jefferson Court Inc's impact can be seen in the provision of housing and related services for very low-income elderly or disabled persons in Milwaukee, Wisconsin. By operating a 222-unit community and receiving housing assistance and capital advances from the U.S. Department of Housing and Urban Development, the organization plays a crucial role in addressing the housing needs of vulnerable populations. This support contributes directly to improving the quality of life for those individuals who may otherwise struggle to find affordable and suitable housing options. Overall, Assisi Homes - Jefferson Court Inc makes a significant difference in the lives of those it serves by providing essential housing services and support.
This information is meant to be a general summary of Assisi Homes - Jefferson Court 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: $251
- Program Service Revenue: $966,286
- Gross Receipts: $2,798,721
Assets and Liabilities:
- Total Assets: $7,215,669
- Total Liabilities: $9,541,748
- Net Assets: -$2,326,079
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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
$929,568
ANCILLARY SERVICES
Revenue
$30,471
OTHER REVENUE
Revenue
$6,247
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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