Overview
What is Sourlis Eleuterio Homes Inc?
Sourlis Eleuterio Homes Inc is a nonprofit organization located in Frederick, Maryland. Their primary mission is to offer affordable housing solutions for individuals struggling with chronic mental disabilities, in accordance with exempt purposes. Specifically, they operate under Section 811 of the National Affordable Housing Act, aiming to provide housing for this vulnerable population. The organization's activities are centered around ensuring accessible and comfortable living spaces for these individuals, thereby contributing positively to their well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (55%)
Sourlis Eleuterio Homes Inc has received a One-Star rating from Charity Navigator, reflecting its overall score of 55%. This rating primarily derives from its Accountability & Finance score, which suggests significant concerns in governance and transparency practices. The organization excels in certain areas, such as having an independent board and a strong program expense ratio, but these strengths are overshadowed by several critical shortcomings in accountability and policy implementation.
The charity scored zero points in several key areas, including conflict of interest policies, whistleblower policies, and documentation practices related to board meetings. Additionally, the absence of its website listed on the tax form and the lack of transparency regarding its financial documents further contribute to its low rating. This raises concerns about the effectiveness of its governance and adherence to best practices in nonprofit management.
While the organization successfully directs a significant portion of its expenses towards programs, the lack of sound governance practices may impact donor confidence and long-term sustainability. Potential donors should consider these factors when evaluating the charity's effectiveness and reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Sourlis Eleuterio Homes Inc legitimate?
Sourlis Eleuterio Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sourlis Eleuterio Homes 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: $0
For more financial information, click here
What is the mission statement of Sourlis Eleuterio Homes Inc?
Sourlis Eleuterio Homes Inc's mission is centered around providing affordable housing for individuals who are chronically mentally disabled. This aligns with Section 811 of the National Affordable Housing Act. Their primary goal is to ensure that these individuals have access to suitable housing, thereby contributing to their overall well-being. They operate under an exempt purpose, focusing on this specific population group. The organization's activities revolve around providing housing that is affordable and meets the unique needs of the chronically mentally disabled.
Who is the CEO of Sourlis Eleuterio Homes Inc?
Sarah Norman is the President of Sourlis Eleuterio Homes Inc.
What is the revenue of Sourlis Eleuterio Homes Inc?
Sourlis Eleuterio Homes Inc's revenue in 2022 was $66,801.
Who are the executives of Sourlis Eleuterio Homes Inc and what are their salaries?
There 5 volunteers at Sourlis Eleuterio Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $451,063
- Other: $25,617
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sourlis Eleuterio Homes Inc?
Sourlis Eleuterio Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sourlis Eleuterio Homes Inc
Sourlis Eleuterio Homes Inc, a nonprofit organization, is committed to providing affordable housing for individuals who are chronically mentally disabled. Aligning with Section 811 of the National Affordable Housing Act, this organization has made it their mission to offer a living space that caters specifically to this vulnerable population. Their primary objective is to ensure that these individuals can access housing that is both affordable and suitable for their needs, thereby enhancing their overall quality of life. The organization operates with an exempt purpose, providing a sanctuary where these individuals can reside with dignity and security.
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Impact
August, 2024
Sourlis Eleuterio Homes Inc's impact lies in its provision of affordable housing to the chronically mentally disabled in accordance with the National Affordable Housing Act. By offering these individuals a safe and stable living environment, the organization contributes significantly to improving their quality of life and fostering independence. Through its focused mission, Sourlis Eleuterio Homes Inc positively impacts the lives of those in need, helping them access the support and resources necessary for their well-being.
This information is meant to be a general summary of Sourlis Eleuterio Homes 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: $8
- Program Service Revenue: $66,793
- Gross Receipts: $66,801
Assets and Liabilities:
- Total Assets: $1,632,924
- Total Liabilities: $1,278,062
- Net Assets: $354,862
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$66,793
Organization Details
Founding Year
2011
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: L20 - Housing
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