Overview
What is Noahs Ark Affordable Housing Inc?
Noah's Ark Affordable Housing Inc, situated in Spring Lake Park, Minnesota, is a nonprofit organization dedicated to honoring God by enriching the lives and touching the hearts of older adults. Initially, it provided both independent senior living apartments and assisted living services, up until November 2018. Following this, it transformed into an independent living-only building since December 2018. The organization is located at 2845 N Hamline Ave, Roseville, MN 55113. With a focus on older adults, Noah's Ark Affordable Housing Inc provides a nurturing and supportive environment for its residents, aiming to make a positive impact in their lives.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Noah's Ark Affordable Housing Inc has received a 76% rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based entirely on a single beacon score focused on Accountability & Finance, reflecting the organization's commitment to transparency and responsible management of its resources.
The organization demonstrates strengths in various areas, including a high program expense ratio of 80.84%, which suggests that a significant portion of its funds is directed toward its mission-related activities. Additionally, it has been rated highly for its policies on material diversion of assets, financial oversight, and conflict of interest, with full points awarded in these areas.
However, there is room for improvement, particularly in the Liabilities to Assets Ratio, where it scored 10 out of 15 points with a ratio of 56.54%. This indicates that while the organization is managing its assets, it may face challenges in its financial obligations relative to its total assets. Overall, the organization showcases strong accountability practices, with some financial metrics that could be optimized for better performance.
This AI summary has been generated from information found on Charity Navigator.
Is Noahs Ark Affordable Housing Inc legitimate?
Noahs Ark Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Noahs Ark Affordable Housing 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: $203,844
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Noahs Ark Affordable Housing Inc?
Noah's Ark Affordable Housing Inc's mission is centered around honoring God by enriching the lives and touching the hearts of older adults. The organization strives to make a meaningful impact in the lives of its clients, demonstrating a strong commitment to this population group. While the specific activities and programs offered by Noah's Ark Affordable Housing Inc are not detailed in the provided information, the mission statement suggests a focus on providing support and care to older adults, fostering an environment that enriches their lives and touches their hearts.
Official website here: www.preshomes.org
Who is the CEO of Noahs Ark Affordable Housing Inc?
Mark Meyer is the Board Chair/Ceo of Noahs Ark Affordable Housing Inc. The CEO's salary of Noahs Ark Affordable Housing Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Noahs Ark Affordable Housing Inc?
Noahs Ark Affordable Housing Inc's revenue in 2022 was $1,633,810.
Official website here: www.preshomes.org
Who are the executives of Noahs Ark Affordable Housing Inc and what are their salaries?
There 30 volunteers at Noahs Ark Affordable Housing Inc.
Here are 5 key members and their salaries (Noahs Ark Affordable Housing Inc's CEO's salary is $0 and their total compensation is $943,678):
- Compensation: $0
- Related: $919,741
- Other: $23,937
- Compensation: $0
- Related: $445,702
- Other: $27,414
- Compensation: $0
- Related: $347,973
- Other: $20,328
- Compensation: $0
- Related: $323,989
- Other: $27,414
- Compensation: $0
- Related: $323,848
- Other: $19,541
Official website here: www.preshomes.org
Where can I find the form 990 for Noahs Ark Affordable Housing Inc?
Noahs Ark Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preshomes.org
Learn more at the official website: www.preshomes.org
Mission Statement of Noahs Ark Affordable Housing Inc
Noah's Ark Affordable Housing Inc, a nonprofit organization, is dedicated to honoring God by enriching the lives and touching the hearts of older adults. Through its mission, the organization aims to make a significant impact in the lives of its elderly residents, fostering a sense of community and care. By focusing on the well-being and happiness of older adults, Noah's Ark Affordable Housing Inc seeks to create an environment where these individuals can live with dignity and fulfilment. The organization's commitment to its mission is evident in its provision of senior living apartments and, at one time, assisted living services for those in need. Following November 2018, the organization transitioned to an independent living only building, continuing to offer a home and support for older adults in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Noah's Ark Affordable Housing Inc, located in Spring Lake Park, Minnesota, has a significant impact on enriching the lives of older adults in the community. With 110 independent senior living apartments, it provides a safe and affordable housing option for seniors. The organization's mission to honor God by touching the hearts of older adults is evident in the services and support it offers. By offering a supportive living environment, Noah's Ark Affordable Housing Inc helps seniors maintain their independence and quality of life.
This information is meant to be a general summary of Noahs Ark Affordable Housing 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: -$138,829
- Program Service Revenue: $1,723,691
- Gross Receipts: $1,648,015
Assets and Liabilities:
- Total Assets: $7,451,326
- Total Liabilities: $4,213,283
- Net Assets: $3,238,043
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$1,723,691
Organization Details
Founding Year
1994
Phone
(651) 631-6162Principal Officer
Mark Meyer
Main Address
2845 N HAMLINE AVE, ROSEVILLE, MN, 55113
Website
www.preshomes.orgNTEE Category
Code: L99 - Housing
If you are a representative of Noahs Ark Affordable Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.