Overview
What is September Place Retirement Village Inc?
September Place Retirement Village Inc, located at 89 C Beach Court, Beattyville, Kentucky 41311, is a nonprofit organization dedicated to providing affordable housing for the elderly and physically disabled. The organization, with a team of six employees, operates an apartment complex, housing 61 units, designed to cater to this specific demographic. The mission of September Place Retirement Village Inc is to offer a comfortable living space for individuals who may require additional support due to their age or physical limitations. This mission aligns with their activity and purpose, which is to provide low-income housing for this particular group.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
September Place Retirement Village Inc has received a Three-Star rating from Charity Navigator, reflecting a solid overall score based entirely on its Accountability & Finance metrics. With a score of 79%, the organization demonstrates a strong commitment to financial transparency and responsible governance, supported by an independent board consisting of all members.
The nonprofit excels in various areas, including having a majority of independent board members and a comprehensive set of policies including conflict of interest and whistleblower protections. Its program expense ratio is commendable at 75.13%, indicating a significant portion of its budget is directed towards its mission-related activities.
However, the organization faces challenges highlighted by its liabilities to assets ratio of 155.97%, which raises concerns about its financial stability. This aspect suggests that the nonprofit may have more obligations than assets, prompting a closer look at its long-term financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is September Place Retirement Village Inc legitimate?
September Place Retirement Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. September Place Retirement Village 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: $183,950
For more financial information, click here
What is the mission statement of September Place Retirement Village Inc?
September Place Retirement Village Inc is committed to providing affordable housing for the elderly and physically disabled. This non-profit organization operates an apartment complex consisting of 61 units, specifically designed to cater to this demographic. The mission of September Place Retirement Village Inc is to offer a living space that is accessible and affordable, thereby enabling these individuals to maintain their independence and dignity. The organization strives to create a supportive community where residents can age comfortably and receive necessary assistance when required.
Who is the CEO of September Place Retirement Village Inc?
Ramona Burch is the Co-Chairman of September Place Retirement Village Inc.
What is the revenue of September Place Retirement Village Inc?
September Place Retirement Village Inc's revenue in 2023 was $590,361.
Who are the executives of September Place Retirement Village Inc and what are their salaries?
The average compensation at September Place Retirement Village Inc during 2023 was $30,658. There are 6 employees and 5 volunteers at September Place Retirement Village Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for September Place Retirement Village Inc?
September Place Retirement Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of September Place Retirement Village Inc
September Place Retirement Village Inc, as a nonprofit organization, is committed to providing affordable housing solutions for the elderly and physically disabled individuals. The mission of this establishment is to operate an apartment complex consisting of 61 units, specifically designed to cater to the needs of this population segment. By offering low-income housing, September Place Retirement Village Inc aims to provide a secure and comfortable living environment for those who may face financial challenges due to their age or disability. This initiative not only ensures that elderly and disabled individuals have access to suitable housing but also helps them maintain their independence and dignity, fostering a sense of community and support among its residents.
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Impact
July, 2024
September Place Retirement Village Inc's impact lies in providing essential low-income housing for the elderly and physically disabled in Beattyville, KY. By offering 61 units specifically tailored for this demographic, the organization is addressing a critical need within the community. Through this housing initiative, September Place Retirement Village Inc is enabling vulnerable individuals to live with dignity and comfort, contributing to their overall well-being and quality of life.
This information is meant to be a general summary of September Place Retirement Village 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 2023.
- Investment Income: $56
- Program Service Revenue: $533,901
- Gross Receipts: $590,361
Assets and Liabilities:
- Total Assets: $759,197
- Total Liabilities: $1,264,456
- Net Assets: -$505,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$533,901
Organization Details
Founding Year
2003
Phone
(606) 464-2464Principal Officer
Ramona Burch
Main Address
89 C BEACH COURT, BEATTYVILLE, KY, 41311
NTEE Category
Code: L22 - Housing
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