Overview
What is Salem Housing Development Corporation?
Salem Housing Development Corporation, established in Omaha, Nebraska, on May 15, 1981, is a not-for-profit organization committed to providing housing solutions. The primary focus of the corporation is operating J.C. Wade Senior Villa, a 50-unit community located in Omaha. This community serves as a shelter for low-income elderly individuals, offering them a secure living environment. The corporation, with a team of three dedicated employees, plays a crucial role in enhancing the quality of life for the elderly population in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Salem Housing Development Corporation has received a Three-Star rating from Charity Navigator, indicating a reliable level of performance focused on accountability and finance. The organization's overall score of 79% is derived from its strong accountability practices, showcasing a commitment to transparency and effective governance.
The organization earned full points for having a fully independent board, material diversion of assets, and various policies in place, such as conflict of interest and whistleblower policies, indicating a high degree of ethical management. Additionally, with a program expense ratio of over 94%, Salem Housing Development Corporation directs a significant portion of its resources towards its mission-related activities, reflecting its dedication to maximizing impact.
While the organization demonstrates commendable strengths, the rating does not highlight areas for improvement, suggesting a solid foundation is in place. As a result, stakeholders can feel confident in the integrity and financial health of the Salem Housing Development Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Housing Development Corporation legitimate?
Salem Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Housing Development 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: $99,348
For more financial information, click here
What is the mission statement of Salem Housing Development Corporation?
The Salem Housing Development Corporation is a not-for-profit organization established in 1981. Its primary purpose is to operate a 50-unit community known as J.C. Wade Senior Villa, which provides housing for low-income elderly individuals. The corporation's mission, in essence, is to contribute to the well-being of this vulnerable demographic by offering them a place to call home. The corporation's operations are guided by the not-for-profit statutes of Nebraska.
Who is the CEO of Salem Housing Development Corporation?
Mark Owsley is the Treasurer of Salem Housing Development Corporation.
What is the revenue of Salem Housing Development Corporation?
Salem Housing Development Corporation's revenue in 2022 was $495,493.
Who are the executives of Salem Housing Development Corporation and what are their salaries?
The average compensation at Salem Housing Development Corporation during 2022 was $33,116. There are 3 employees at Salem Housing Development Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Salem Housing Development Corporation?
Salem Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Salem Housing Development Corporation
Salem Housing Development Corporation, established in 1981 under Nebraska's not-for-profit statutes, was formed with a specific mission. This mission involves operating a 50-unit community named J.C. Wade Senior Villa, located in Omaha, Nebraska. This community serves as a housing solution for low-income elderly individuals, providing them with a safe and supportive environment. The corporation's purpose is to ensure that these elderly residents have access to affordable housing and a comfortable living situation, thereby enhancing their quality of life. Salem Housing Development Corporation's mission is therefore centered around providing housing solutions for the elderly, promoting their well-being and ensuring their needs are met within a low-income context.
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Impact
July, 2024
Salem Housing Development Corporation has made a significant impact by providing housing for low-income elderly persons through its operation of the J.C. Wade Senior Villa in Omaha, Nebraska. Since its establishment in 1981, this organization has been dedicated to addressing the housing needs of this vulnerable population. By offering affordable housing options, Salem Housing Development Corporation has enhanced the quality of life and provided a sense of security for many elderly individuals in the community. Their commitment to serving those in need is commendable and plays a crucial role in supporting the well-being of seniors in the Omaha area.
This information is meant to be a general summary of Salem Housing Development 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: $9
- Program Service Revenue: $102,843
- Gross Receipts: $495,493
Assets and Liabilities:
- Total Assets: $956,311
- Total Liabilities: $1,744,187
- Net Assets: -$787,876
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$102,843
Organization Details
Founding Year
1981
Phone
(402) 451-8456Principal Officer
Mark Owsley
Main Address
10730 PACIFIC ST, OMAHA, NE, 68114
NTEE Category
Code: L22 - Housing
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