Overview
What is Saint Mary's Roland View Towers Inc?
Saint Mary's Roland View Towers Inc is a nonprofit organization situated in Baltimore, Maryland, specifically at 3838 Roland Avenue. The primary purpose of this organization is to provide affordable housing for senior citizens in a well-maintained and secure environment. The Department of Housing and Urban Development (HUD) conducts annual reviews of the organization's budget, ensuring that rents paid by tenants are reasonable and expenses are properly managed, enabling the nonprofit to maintain clean and safe living conditions for its elderly residents. All income received by the organization is utilized to cover operating expenses. The nonprofit adheres to Section 202 of the Housing Act of 1959 as amended, demonstrating its commitment to providing housing solutions for the elderly.
What are the reviews and ratings of this charity?
Charity Navigator Rating 86% - Three-Star out of Four Star Rating
Saint Mary's Roland View Towers Inc has received an 86% score, resulting in a Three-Star rating from Charity Navigator. This rating reflects a strong commitment to accountability and finance, as the overall score is solely derived from this category. The organization demonstrates effective governance with a fully independent board and no material diversion of assets.
The nonprofit excels in several key performance indicators, achieving full marks for its audit and oversight measures, documentation practices, and a favorable liabilities to assets ratio. Additionally, an impressive program expense ratio of 98.04% indicates that a significant majority of its expenses are directed towards its charitable programs, which is a positive sign of operational efficiency.
While the organization shows strong accountability and financial health, the single beacon score means that additional factors such as impact and engagement are not evaluated here. Nonetheless, the existing metrics suggest that Saint Mary's Roland View Towers Inc operates with transparency and a strong focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Mary's Roland View Towers Inc legitimate?
Saint Mary's Roland View Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Mary's Roland View Towers 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: $916,083
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What is the mission statement of Saint Mary's Roland View Towers Inc?
Saint Mary's Roland View Towers Inc was established with the objective of managing a non-profit apartment complex for the elderly, in compliance with Section 202 of the Housing Act of 1959. The primary purpose is to utilize all income received from the apartment complex to cover its operational expenses. The corporation's financial aspects, including income and expenses, are subject to rigorous evaluation by the Department of Housing and Urban Development, which plays a role in regulating the rentals paid by the elderly residents. The organization's mission is centered around providing a suitable living environment for the elderly, ensuring that all financial transactions are transparent and in compliance with regulatory standards.
Who is the CEO of Saint Mary's Roland View Towers Inc?
E Kingdon Hurlock Jr is the Trustee of Saint Mary's Roland View Towers Inc.
What is the revenue of Saint Mary's Roland View Towers Inc?
Saint Mary's Roland View Towers Inc's revenue in 2022 was $3,110,401.
Who are the executives of Saint Mary's Roland View Towers Inc and what are their salaries?
The average compensation at Saint Mary's Roland View Towers Inc during 2022 was $25,447. There are 36 employees at Saint Mary's Roland View Towers Inc.
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Where can I find the form 990 for Saint Mary's Roland View Towers Inc?
Saint Mary's Roland View Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Saint Mary's Roland View Towers Inc
Saint Mary's Roland View Towers Inc, as a non-profit organization, was established with a mission to own and operate an apartment house specifically designed for the elderly. This mission aligns with Section 202 of the Housing Act of 1959, as amended. The corporation's primary objective is to utilize all the income it receives to cover the operational expenses of the apartment house. This meticulous management of funds ensures that the elderly tenants residing in the apartment house pay reasonable rentals. Furthermore, the income and expenses of Saint Mary's Roland View Towers Inc are subject to rigorous review by the Department of Housing and Urban Development (HUD). This regulatory oversight ensures that the organization operates efficiently and effectively, maintaining the well-being of its elderly residents.
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Impact
July, 2024
Saint Mary's Roland View Towers Inc's impact lies in its ability to provide affordable housing in a well-maintained environment for senior citizens in Baltimore, Maryland. By adhering to the regulations set forth by the Department of Housing and Urban Development, the organization ensures that all income is utilized to cover operating expenses while maintaining clean and safe housing for elderly residents. Through its dedicated mission, Saint Mary's Roland View Towers Inc contributes to the well-being and quality of life of senior citizens by offering them a comfortable and secure place to call home.
This information is meant to be a general summary of Saint Mary's Roland View Towers 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: $3,397
- Program Service Revenue: $3,107,004
- Gross Receipts: $3,110,401
Assets and Liabilities:
- Total Assets: $3,684,768
- Total Liabilities: $635,669
- Net Assets: $3,049,099
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent - Apartments
Revenue
$2,536,187
Rent - Commercial
Revenue
$44,369
Laundry Commissions
Revenue
$6,769
Late Fees Misc
Revenue
$150
HUD Section 8 Assistance Payments
Revenue
$519,529
Organization Details
Founding Year
1962
Phone
(410) 889-8255Principal Officer
E Kingdon Hurlock Jr
Main Address
3838 ROLAND AVENUE, BALTIMORE, MD, 212112028
NTEE Category
Code: L210 - Housing
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