Overview
What is St Lawrence Housing Inc?
St. Lawrence Housing Inc., doing business as San Lorenzo Terrace, is a nonprofit organization situated in St. Petersburg, Florida. With a mission to provide affordable and high-quality housing, they specifically cater to the needs of elderly and handicapped individuals, offering 80 apartments under Section 202 of the National Housing Act, regulated by HUD. The organization is dedicated to ensuring that these vulnerable individuals have access to low-cost housing, contributing to their overall well-being. With a workforce of five dedicated employees, they strive to meet the housing needs of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
St Lawrence Housing Inc has achieved a high level of financial accountability and transparency, reflected in its Four-Star rating from Charity Navigator. With a score of 94%, the organization demonstrates effective management of its resources, indicating strong fiscal health and commitment to its mission. The charity has an impressive program expense ratio of 91.45%, meaning that a significant majority of its expenditures directly support its programs.
The governance of St Lawrence Housing Inc is robust, featuring a board comprised entirely of independent members, which enhances its decision-making processes. The organization has implemented comprehensive policies, including those for conflict of interest and whistleblower protection, ensuring ethical standards are upheld. Additionally, the charity's financial oversight mechanisms are well-structured, with an audit and oversight committee that consistently monitors its financial activities.
While the organization shows exceptional strengths in financial practices and governance, it is essential for potential donors and supporters to stay informed about its ongoing programs and community impact. Overall, St Lawrence Housing Inc stands out as a trustworthy nonprofit, dedicated to effectively addressing housing needs.
This AI summary has been generated from information found on Charity Navigator.
Is St Lawrence Housing Inc legitimate?
St Lawrence Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Lawrence Housing 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: $179,919
For more financial information, click here
What is the mission statement of St Lawrence Housing Inc?
St. Lawrence Housing Inc. is committed to providing low-cost and high-quality housing for elderly and handicapped individuals. Their mission is to alleviate housing issues for this demographic, ensuring they have a suitable living environment. The organization manages 80 apartments, specifically designed for very low-income elderly persons, under Section 202 of the National Housing Act, regulated by the HUD, with housing assistance provided.
Who is the CEO of St Lawrence Housing Inc?
James Wayne is the President of St Lawrence Housing Inc.
What is the revenue of St Lawrence Housing Inc?
St Lawrence Housing Inc's revenue in 2022 was $570,672.
Who are the executives of St Lawrence Housing Inc and what are their salaries?
The average compensation at St Lawrence Housing Inc during 2022 was $35,984. There are 5 employees at St Lawrence Housing Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $80,767
- Other: $13,009
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Lawrence Housing Inc?
St Lawrence Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Lawrence Housing Inc
St. Lawrence Housing Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for elderly and handicapped individuals. Their mission is to offer low-rent apartments that cater to the specific needs of this vulnerable population. This mission is carried out under Section 202 of the National Housing Act, with the assistance of the U.S. Department of Housing and Urban Development (HUD). The organization manages 80 such apartments, ensuring that very low-income elderly persons have access to safe and comfortable living spaces. HUD regulations govern these apartments, providing a level of assurance for the residents' housing needs.
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Impact
July, 2024
St Lawrence Housing Inc has a significant impact on the community by providing low-rent and quality affordable housing to elderly and handicapped individuals. With 80 apartments dedicated to very low-income elderly persons under Section 202 of the National Housing Act, this organization plays a crucial role in ensuring that vulnerable populations have a safe and stable place to live. By offering HUD-regulated housing assistance, St Lawrence Housing Inc addresses a pressing need for affordable housing in St. Petersburg, Florida. Their mission to provide housing for elderly and handicapped individuals contributes to a more inclusive and supportive community for those in need.
This information is meant to be a general summary of St Lawrence Housing 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: $2,625
- Program Service Revenue: $207,986
- Gross Receipts: $570,672
Assets and Liabilities:
- Total Assets: $4,326,116
- Total Liabilities: $66,106
- Net Assets: $4,260,010
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM TENANTS
Revenue
$207,986
Organization Details
Founding Year
2004
Phone
(941) 795-2524Principal Officer
James Wayne
Main Address
6363 NINTH AVENUE NORTH, ST PETERSBURG, FL, 33710
NTEE Category
Code: L22 - Housing
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