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St Francis Of Assisi Inc

Lakeland Shores Apartments

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411427983 ✦ Shoreview, MN ✦ Designated as a 501(c)(3)

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Overview

What is St Francis Of Assisi Inc?

St. Francis of Assisi Inc, based in Shoreview, Minnesota, is a nonprofit organization dedicated to providing affordable housing for the elderly. Specifically, they manage a 46-unit apartment complex in Duluth, Minnesota, funded by the HUD. This housing complex serves as a home for many elderly individuals, ensuring they have a secure living space. In 2022, the occupancy rate of Lakeland Shores Apartments, operated by St. Francis of Assisi Inc, reached an impressive 98.1%. The organization's mission continues to be centered around this goal, offering a vital service to the elderly community in Minnesota.


Official website here: www.ecumen.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating indicates that St Francis Of Assisi Inc demonstrates a satisfactory level of accountability and financial health. The organization scored 100% in accountability and finance, reflecting strong financial practices and transparency.

The charity has performed exceptionally well in several key areas, such as having no material diversion of assets and a solid conflict of interest policy in place. Its financial ratios show a program expense ratio of 71.70%, indicating that a significant portion of its funds are dedicated to its programs rather than administrative costs. Additionally, the organization exhibits effective oversight with its audit and financial statements.

However, while the charity has solid financial management, some users may note concerns regarding the high salaries of key personnel, which could raise questions about the allocation of resources. Overall, St Francis Of Assisi Inc presents a generally positive picture, with commendable accountability practices and operational transparency.


This AI summary has been generated from information found on Charity Navigator.

Is St Francis Of Assisi Inc legitimate?

St Francis Of Assisi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Francis Of Assisi 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: $59,545

For more financial information, click here


Official website here: www.ecumen.org

What is the mission statement of St Francis Of Assisi Inc?

St. Francis of Assisi Inc. is dedicated to providing low-income housing for the elderly. They accomplish this mission through a HUD-sponsored apartment complex, which currently houses 46 elderly residents in Duluth, Minnesota. In 2022, the occupancy rate of this complex reached an impressive 98.1%. The organization's primary goal is to ensure that the elderly have a safe and affordable place to call home.


Official website here: www.ecumen.org

Who is the CEO of St Francis Of Assisi Inc?

Shelly Kendrick is the Principal Officer of St Francis Of Assisi Inc. The CEO's salary of St Francis Of Assisi Inc is $0 and their total compensation is $441,022.


Official website here: www.ecumen.org

What is the revenue of St Francis Of Assisi Inc?

St Francis Of Assisi Inc's revenue in 2022 was $513,224.


Official website here: www.ecumen.org

Who are the executives of St Francis Of Assisi Inc and what are their salaries?


Here are 6 key members and their salaries (St Francis Of Assisi Inc's CEO's salary is $0 and their total compensation is $441,022):


Shelley Kendrick (President & Ceo)
  • Compensation: $0
  • Related: $404,808
  • Other: $36,214
Morshed Alam (Cfo, Secretary/Treasurer To 8/2022)
  • Compensation: $0
  • Related: $287,455
  • Other: $35,344
Bret Anderson (Vice President)
  • Compensation: $0
  • Related: $247,790
  • Other: $42,659
Scott Bjerketvedt (Svp, Chief Financial Officer)
  • Compensation: $0
  • Related: $214,919
  • Other: $45,266
Mellanie Sullivan (Sr Vp And Chief People Officer)
  • Compensation: $0
  • Related: $286,762
  • Other: $15,004
Emily Sommer (Assistant Secretary)
  • Compensation: $0
  • Related: $69,507
  • Other: $4,378


Official website here: www.ecumen.org

Where can I find the form 990 for St Francis Of Assisi Inc?

St Francis Of Assisi Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ecumen.org

Learn more at the official website: www.ecumen.org

Mission Statement of St Francis Of Assisi Inc

St. Francis of Assisi Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly. They achieve this mission through a HUD-sponsored apartment complex, specifically a 46-unit complex located in Duluth, Minnesota. This housing complex, known as Lakeland Shores Apartments, plays a significant role in the organization's mission, offering a secure and affordable living environment for elderly individuals. In 2022, Lakeland Shores Apartments maintained an impressive occupancy rate of 98.1%, demonstrating the high demand and effectiveness of St. Francis of Assisi Inc's services.

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Impact




July, 2024

St Francis Of Assisi Inc's impact lies in providing vital low-income housing for the elderly through its HUD-sponsored apartment complex, Lakeland Shores. This 46-unit complex, located in Duluth, Minnesota, plays a crucial role in addressing the housing needs of elderly individuals with limited resources. In 2022, Lakeland Shores Apartments recorded an impressive occupancy rate of 98.1%, indicating the high demand and essential nature of this service. By offering affordable and safe housing options to a vulnerable demographic, St Francis Of Assisi Inc directly contributes to enhancing the quality of life and wellbeing of elderly individuals in the community.




This information is meant to be a general summary of St Francis Of Assisi 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.

Revenue
$513,224 (2022)
Expenses
$508,427 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $426
  • Program Service Revenue: $508,289
  • Gross Receipts: $513,224

Assets and Liabilities:

  • Total Assets: $4,154,484
  • Total Liabilities: $1,624,444
  • Net Assets: $2,530,040

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT REVENUE

Revenue

$506,009

TENANT CHARGES

Revenue

$2,280

Organization Details

Founding Year

1982

Principal Officer

Shelly Kendrick

Main Address

3530 LEXINGTON AVENUE NORTH, SHOREVIEW, MN, 55126

NTEE Category

Code: L210 - Housing

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