Overview
What is Amherst Ridge Senior Apartments Inc?
Amherst Ridge Senior Apartments Inc, a subsidiary of Menorah Campus Inc, is a nonprofit organization located in Western New York. Their primary mission is to provide housing for the elderly, specifically through HUD 202 subsidies. Amherst Ridge Senior Apartments offers 50 one-bedroom apartments equipped with essential amenities and additional features to cater to seniors' needs, such as wider doorways, walk-in showers, and rollunder sinks. The facility is conveniently located near shopping areas, restaurants, and entertainment, making daily life easier for its tenants, who must meet federally mandated income guidelines. Amherst Ridge Senior Apartments is one of several senior living options offered by Menorah Campus Inc, which strives to address the holistic needs of older adults, including medical, residential, emotional, financial, social, and spiritual needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Amherst Ridge Senior Apartments Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating is primarily derived from the organization’s Accountability & Finance beacon, indicating strong governance practices and financial management, but raises concerns regarding its liabilities. Notably, the charity has a perfect score for its independent board members and various policy measures, which showcase a commitment to transparency and ethical operation.
The organization has excelled in key areas such as having 100% independent board members and an effective audit and oversight committee, earning full points in those categories. Additionally, the program expense ratio is commendable at 89.33%, meaning a large majority of its funds are directed towards its mission rather than administrative costs. This suggests that the organization is well-managed and prioritizes its programmatic commitments.
However, there is significant concern regarding the liabilities to assets ratio, which stands at 110.14%. This indicates that the organization has more liabilities than assets, a potential red flag that could impact its financial sustainability. Overall, while Amherst Ridge Senior Apartments Inc demonstrates solid accountability and financial practices, stakeholders should be mindful of the financial leverage indicated by its liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Amherst Ridge Senior Apartments Inc legitimate?
Amherst Ridge Senior Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amherst Ridge Senior Apartments 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: $67,027
For more financial information, click here
What is the mission statement of Amherst Ridge Senior Apartments Inc?
Amherst Ridge Senior Apartments Inc, being a subsidiary of Menorah Campus Inc, is dedicated to addressing the comprehensive needs of older individuals. This encompasses their medical, residential, emotional, financial, social, and spiritual well-being. The organization provides HUD 202 housing for the elderly residing in Western New York, offering a supportive living environment. By offering housing solutions, Amherst Ridge Senior Apartments Inc contributes to the overall well-being and quality of life for the elderly population.
Who is the CEO of Amherst Ridge Senior Apartments Inc?
Eleanor White is the President of Amherst Ridge Senior Apartments Inc.
What is the revenue of Amherst Ridge Senior Apartments Inc?
Amherst Ridge Senior Apartments Inc's revenue in 2022 was $688,984.
Who are the executives of Amherst Ridge Senior Apartments Inc and what are their salaries?
The average compensation at Amherst Ridge Senior Apartments Inc during 2022 was $9,575. There are 7 employees and 6 volunteers at Amherst Ridge Senior Apartments Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Amherst Ridge Senior Apartments Inc?
Amherst Ridge Senior Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Amherst Ridge Senior Apartments Inc
Amherst Ridge Senior Apartments Inc, a subsidiary of Menorah Campus Inc, is dedicated to addressing the comprehensive needs of the elderly population in their region. These needs encompass various aspects such as medical care, residential accommodations, emotional support, financial assistance, social interaction, and spiritual well-being. Amherst Ridge Senior Apartments Inc provides HUD 202 housing as part of its mission, catering specifically to the elderly residents of Western New York. By offering secure and affordable housing, the organization strives to improve the overall quality of life for the elderly, ensuring they have the necessary resources to live with dignity and independence.
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
Amherst Ridge Senior Apartments Inc, as a subsidiary of Menorah Campus Inc, plays a vital role in providing HUD 202 housing for the elderly in Western New York. By offering affordable and comfortable living options with a range of supportive services, this organization helps seniors meet their medical, residential, emotional, social, and financial needs.
The unique design features of the apartments, such as wider doorways, walk-in showers, and emergency call buttons, cater specifically to the needs of seniors, promoting independence and safety. Additionally, the amenities like community rooms, library, heated sidewalks, and security guard services contribute to creating a homelike environment for the residents.
Through their proactive approach to aging and thoughtful programming, Amherst Ridge Senior Apartments Inc supports seniors in living according to their needs and values. By providing a range of living options and care programs, this organization has a positive impact on the quality of life for approximately 2,000 individuals annually in Western New York.
This information is meant to be a general summary of Amherst Ridge Senior Apartments 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: $193
- Program Service Revenue: $682,047
- Gross Receipts: $688,984
Assets and Liabilities:
- Total Assets: $6,195,397
- Total Liabilities: $6,823,904
- Net Assets: -$628,507
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.
TENANT ASSISTANCE PAYM
Revenue
$503,621
RESIDENT SERVICE REVEN
Revenue
$178,426
Organization Details
Founding Year
2012
Phone
(678) 860-6833Principal Officer
Eleanor White
Main Address
795 RIDGE LAKE BLVD, MEMPHIS, TN, 38120
NTEE Category
Code: L22 - Housing
If you are a representative of Amherst Ridge Senior Apartments 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.