Overview
What is Delmo Elder Cottage Housing Corporation?
Delmo Elder Cottage Housing Corporation is a nonprofit organization located in Lilbourn, Missouri. Their primary mission is to provide elderly individuals with housing facilities and services tailored to meet their unique physical, social, and psychological needs. By doing so, they aim to promote their health, security, happiness, and usefulness in longer living. Operating on a nonprofit basis, the organization ensures that the charges for these facilities and services are predicated upon their provision, maintenance, and operation. With a small team of one employee, Delmo Elder Cottage Housing Corporation offers a supportive environment for senior citizens, ensuring their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Delmo Elder Cottage Housing Corporation has received a 73% score from Charity Navigator, which translates to a Two-Star rating. This rating indicates that while the organization meets some standards of accountability and transparency, there is room for improvement in certain areas. The organization's Accountability & Finance score is also 73, reflecting a commitment to proper management and financial practices.
The nonprofit demonstrates several strengths, notably a fully independent board with 100% of its members being independent, and it has successfully documented board meeting minutes. Additionally, it has a strong program expense ratio of 95.91%, indicating that most of its funds are directed towards its programs rather than administrative costs. The organization's liabilities to assets ratio is a modest 21.99%, suggesting responsible financial health.
However, the overall Two-Star rating suggests that potential donors should approach with caution and consider the areas where the organization can enhance its performance. While the noted absence of material diversions of assets is a positive sign, it remains essential for the organization to address the factors contributing to its lower overall score in order to improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Delmo Elder Cottage Housing Corporation legitimate?
Delmo Elder Cottage Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delmo Elder Cottage 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: $22,620
For more financial information, click here
What is the mission statement of Delmo Elder Cottage Housing Corporation?
Delmo Elder Cottage Housing Corporation is dedicated to providing elderly individuals with housing facilities and services. The organization's mission is to offer housing specifically designed to address the physical, social, and psychological needs of the elderly, thereby promoting their health, security, happiness, and usefulness in extended living. The charges for these facilities and services are based on the provision, maintenance, and operation of the same on a non-profit basis, adhering to Section 202 of the National Housing Act of 1959, as amended.
Who is the CEO of Delmo Elder Cottage Housing Corporation?
John L Terry is the Secretary of Delmo Elder Cottage Housing Corporation.
What is the revenue of Delmo Elder Cottage Housing Corporation?
Delmo Elder Cottage Housing Corporation's revenue in 2022 was $203,915.
Who are the executives of Delmo Elder Cottage Housing Corporation and what are their salaries?
The average compensation at Delmo Elder Cottage Housing Corporation during 2022 was $22,620. There is 1 employee and 8 volunteers at Delmo Elder Cottage Housing Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Delmo Elder Cottage Housing Corporation?
Delmo Elder Cottage Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delmo Elder Cottage Housing Corporation
Delmo Elder Cottage Housing Corporation is dedicated to providing elderly individuals with housing facilities and services that cater to their physical, social, and psychological needs. The organization's mission is to promote the health, security, happiness, and usefulness of these seniors, enabling them to live longer, more fulfilling lives. Delmo Elder Cottage Housing Corporation operates on a nonprofit basis, as stipulated by Section 202 of the National Housing Act of 1959, ensuring that the costs of providing and maintaining these facilities and services are reasonable and affordable for the elderly residents.
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Impact
October, 2024
Delmo Elder Cottage Housing Corporation significantly enhances the quality of life for elderly individuals by providing specialized housing facilities and services tailored to meet their unique physical, social, and psychological needs. Located in Lilbourn, Missouri, the organization focuses on promoting health, security, happiness, and a sense of usefulness among its residents, fostering a more fulfilling lifestyle as they age.
By creating a supportive community environment, Delmo Elder Cottage Housing Corporation helps alleviate common challenges faced by the elderly, such as isolation and limited access to care. The tailored approach to housing ensures that residents not only have a safe place to live but also access essential services that enhance their daily lives. This commitment to comprehensive elder care plays a crucial role in encouraging longer, healthier living, ultimately benefiting both individuals and the wider community.
This information is meant to be a general summary of Delmo Elder Cottage 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3
- Program Service Revenue: $203,912
- Gross Receipts: $203,915
Assets and Liabilities:
- Total Assets: $135,603
- Total Liabilities: $29,829
- Net Assets: $105,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY INCOME
Revenue
$187,174
RENTAL INCOME
Revenue
$16,738
Organization Details
Founding Year
1994
Phone
(573) 521-0638Principal Officer
John L Terry
Main Address
PO BOX 354, LILBOURN, MO, 63862
NTEE Category
Code: P75 - Human services
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