Overview
What is Wichita Place Senior Residences Inc?
Wichita Place Senior Residences Inc, situated in Wichita, Kansas, is a nonprofit organization devoted to serving low-income elderly individuals. Under a contract with the Department of Housing and Urban Development (HUD), they provide housing opportunities through Section 202 of the National Housing Act. This act aims to improve living conditions and promote self-sufficiency for seniors with limited financial resources. Their mission is entirely focused on this housing provision, ensuring that the elderly population in need has a secure and suitable place to reside.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Wichita Place Senior Residences Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating is based entirely on their Accountability & Finance metrics, which indicate a strong commitment to financial health and transparency. The organization has demonstrated notable strengths, such as a fully independent board and no instances of material diversion of assets.
The majority of board members are independent, contributing to strong governance practices. The organization has a high program expense ratio at 91.91%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This is a positive sign for donors seeking to support effective and impactful services.
However, while the financial metrics are strong, the overall rating is primarily derived from a single beacon score. Potential donors may want more information about the organization's program effectiveness and overall impact to complement its financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Wichita Place Senior Residences Inc legitimate?
Wichita Place Senior Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wichita Place Senior Residences 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: $44,713
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What is the mission statement of Wichita Place Senior Residences Inc?
Wichita Place Senior Residences Inc, as per its mission, is committed to providing housing for low-income elderly individuals. This commitment is in line with Section 202 of the National Housing Act, and it operates under an agreement with the Department of Housing and Urban Development (HUD). The organization's primary goal is to ensure that elderly individuals with limited income have access to suitable housing. It is essential to note that Wichita Place Senior Residences Inc plays a crucial role in providing a stable living environment for this vulnerable population. The organization's activities are guided by its agreement with the HUD, which helps it to fulfill its mission of providing affordable housing for elderly individuals.
Who is the CEO of Wichita Place Senior Residences Inc?
Mary Jones is the Treasurer of Wichita Place Senior Residences Inc.
What is the revenue of Wichita Place Senior Residences Inc?
Wichita Place Senior Residences Inc's revenue in 2022 was $145,869.
Who are the executives of Wichita Place Senior Residences Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Wichita Place Senior Residences Inc?
Wichita Place Senior Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wichita Place Senior Residences Inc
Wichita Place Senior Residences Inc, as stated in its mission, is dedicated to providing housing solutions for low-income elderly individuals. This commitment is rooted in Section 202 of the National Housing Act, under an agreement with the Department of Housing and Urban Development. The organization's primary goal is to ensure that senior citizens with limited financial means have a secure and comfortable place to call home. By adhering to this mission, Wichita Place Senior Residences Inc plays a significant role in enhancing the living conditions and well-being of the elderly population, thereby contributing to their overall quality of life.
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Impact
October, 2024
Wichita Place Senior Residences Inc significantly impacts the community by providing essential housing for low-income elderly individuals. Operating under the guidelines of Section 202 of the National Housing Act, it offers affordable living options that enhance the quality of life for seniors in Wichita, KS. By partnering with the Department of HUD, it ensures that vulnerable populations have access to safe and secure environments, addressing both their housing needs and promoting community well-being. This initiative not only supports the elderly in maintaining their independence but also fosters a sense of community among residents, enriching their lives through social interactions and support networks.
This information is meant to be a general summary of Wichita Place Senior Residences 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: $448
- Program Service Revenue: $145,421
- Gross Receipts: $145,869
Assets and Liabilities:
- Total Assets: $2,542,708
- Total Liabilities: $105,072
- Net Assets: $2,437,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HSG TO ELDERLY
Revenue
$145,421
Organization Details
Founding Year
2012
Phone
(316) 685-1821Principal Officer
Mary Jones
Main Address
555 N WOODLAWN STE 3105, WICHITA, KS, 67208
NTEE Category
Code: L22 - Housing
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