Overview
What is Senior Citizens Associates Inc?
Senior Citizens Associates Inc, situated in New Carlisle, Ohio, is a dedicated nonprofit organization. Their primary mission revolves around offering quality housing to low-income senior citizens, through a subsidized housing project funded by the Federal Housing and Mortgage Corporation (FHMAC). This housing complex provides a secure and supportive environment for elderly individuals in financial need, ensuring they maintain a decent living standard. The organization's activities and mission are both centered around this subsidized housing complex, ensuring the well-being and comfort of the senior community in New Carlisle.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating. This rating indicates a moderate level of performance in terms of accountability and finance for Senior Citizens Associates Inc. The score reflects a strong focus on financial transparency and effective management of resources, which is crucial for instilling donor confidence.
The organization boasts a perfect score for having 100% independent board members and no material diversion of assets, which signifies a strong governance structure. The Program Expense Ratio of 100% also suggests that all of the organization’s expenses are directed towards its programs, maximizing the impact of its funding. This level of accountability is a significant strength, indicating that donors can trust their contributions are being used effectively.
However, while the rating is positive, it is primarily based on the accountability and finance beacon. There may be other factors such as program effectiveness or community feedback that are not captured in this score, which could provide a more comprehensive understanding of the organization’s overall impact. Potential donors might want to consider these aspects alongside the financial data.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Citizens Associates Inc legitimate?
Senior Citizens Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Citizens Associates 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 Senior Citizens Associates Inc?
Senior Citizens Associates Inc is dedicated to providing quality subsidized housing for low-income senior citizens. Their mission is centered around creating a residential complex that caters specifically to this demographic, ensuring they have access to suitable living accommodations. This is achieved through the support of the Federal Housing and Mortgage Administration's subsidized housing project. The organization's primary goal is to enhance the living conditions of senior citizens with limited financial resources.
Who is the CEO of Senior Citizens Associates Inc?
Mike Wardley is the Secretary/Treasurer of Senior Citizens Associates Inc.
What is the revenue of Senior Citizens Associates Inc?
Senior Citizens Associates Inc's revenue in 2022 was $10,142.
Who are the executives of Senior Citizens Associates Inc and what are their salaries?
There 7 volunteers at Senior Citizens Associates Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Senior Citizens Associates Inc?
Senior Citizens Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Senior Citizens Associates Inc
Senior Citizens Associates Inc is dedicated to providing quality housing for low-income senior citizens. This nonprofit organization operates a subsidized housing complex, funded by the Federal Mortgage and Housing Authority (FMHA). By offering subsidized housing, Senior Citizens Associates Inc aims to ensure that elderly individuals with limited financial resources can maintain a comfortable living environment. This commitment to affordable housing not only enhances the living conditions of senior citizens but also contributes to their overall well-being.
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Impact
August, 2024
Senior Citizens Associates Inc provides vital subsidized housing for low-income senior citizens in New Carlisle, Ohio. Through their FMHA subsidized housing project, they offer quality housing to seniors in need. This organization's impact can be seen in the improved living conditions and security it provides for elderly individuals who may struggle to afford housing on their own. Their work helps ensure that low-income seniors have a safe and comfortable place to call home, promoting dignity and well-being in their later years.
This information is meant to be a general summary of Senior Citizens Associates 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.
- Program Service Revenue: $10,142
- Gross Receipts: $10,142
Assets and Liabilities:
- Total Assets: $512,594
- Total Liabilities: $0
- Net Assets: $512,594
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM-RELATED INVEST
Revenue
$10,142
Organization Details
Founding Year
1974
Phone
(937) 845-8062Principal Officer
Mike Wardley
Main Address
199 SUNRISE TERRACE, NEW CARLISLE, OH, 453441443
NTEE Category
Code: L20 - Housing
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