Se Hall - Whitney Young Housing Corporation

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

EIN: 411519780 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Se Hall - Whitney Young Housing Corporation?

Se Hall - Whitney Young Housing Corporation is a nonprofit organization committed to offering affordable living solutions for senior citizens. They accomplish this mission through the federal government's Section 202 Housing program. In addition to providing housing, they collaborate with various organizations and public agencies to meet their employment and transportation requirements, thereby enriching the living experience of their senior residents.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

The Whitney Young Housing Corporation has received a score of 79%, indicating a solid performance in its accountability and financial practices. This rating is derived entirely from their accountability and finance metrics, which reflect the organization's commitment to transparency and governance. A key strength noted is the entirety of its board being independent, alongside a well-structured financial oversight committee.

In terms of specific accountability measures, the organization has demonstrated strong practices, including well-documented conflict of interest and whistleblower policies. The program expense ratio is notably high at 100%, suggesting that all funds are directed towards programmatic efforts. However, a significant limitation is the high liabilities to assets ratio of 243.23%, which may indicate potential financial risk.

Overall, while the Whitney Young Housing Corporation showcases a commitment to sound governance and program effectiveness, the high level of liabilities could be a concern for potential donors. It is important for stakeholders to consider both the strengths in accountability and the financial challenges indicated by the liabilities ratio.


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

Is Se Hall - Whitney Young Housing Corporation legitimate?

Se Hall - Whitney Young Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Se Hall - Whitney Young 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: $0

For more financial information, click here

What is the mission statement of Se Hall - Whitney Young Housing Corporation?

Se Hall - Whitney Young Housing Corporation is dedicated to providing affordable housing options for senior citizens. They accomplish this mission through the federal government's Section 202 Housing program and collaborate with various organizations and public agencies to ensure their residents have access to employment and transportation necessities. The corporation's goal is to ensure that senior citizens can maintain a comfortable living standard within their means.

Who is the CEO of Se Hall - Whitney Young Housing Corporation?

Joseph Holmberg is the President of Se Hall - Whitney Young Housing Corporation.

What is the revenue of Se Hall - Whitney Young Housing Corporation?

Se Hall - Whitney Young Housing Corporation's revenue in 2022 was $491,434.

Who are the executives of Se Hall - Whitney Young Housing Corporation and what are their salaries?


Here are 5 key members and their salaries:


Joseph Holmberg (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Miller (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Lewis (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Wilson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Holmberg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Se Hall - Whitney Young Housing Corporation?

Se Hall - Whitney Young Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Se Hall - Whitney Young Housing Corporation

Se Hall - Whitney Young Housing Corporation, a non-profit organization, is dedicated to providing affordable housing solutions for senior citizens. They accomplish this mission through their participation in the federal government's Section 202 Housing program. This program enables them to offer residential spaces that are within the financial reach of elderly individuals. Furthermore, Se Hall - Whitney Young Housing Corporation collaborates with various organizations and public agencies to ensure that the senior residents have access to employment opportunities and transportation services, thereby enhancing their overall quality of life.

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Impact




July, 2024

SE Hall - Whitney Young Housing Corporation's impact can be seen in the provision of affordable housing to senior citizens in Minneapolis, MN through the federal government's Section 202 Housing program. By partnering with other organizations and public agencies, they not only meet the housing needs of seniors but also work towards fulfilling their employment and transportation requirements. This organization plays a crucial role in enhancing the quality of life for senior citizens by ensuring they have access to safe and affordable housing options.




This information is meant to be a general summary of Se Hall - Whitney Young 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.

Revenue
$491,434 (2022)
Expenses
$581,160 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $240
  • Program Service Revenue: $491,194
  • Gross Receipts: $491,434

Assets and Liabilities:

  • Total Assets: $801,952
  • Total Liabilities: $1,899,763
  • Net Assets: -$1,097,811

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Programs

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

HOUSING ASST PYMTS

Revenue

$353,023

TENANT RENTS

Revenue

$131,835

TENANT CHARGES

Revenue

$6,336

Organization Details

Founding Year

1984

Principal Officer

Joseph Holmberg

Main Address

2507 LAKE PLACE, MINNEAPOLIS, MN, 55405

NTEE Category

Code: L22 - Housing

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