Overview
What is Second New St Paul Housing Inc?
Second New St Paul Housing Inc, located at 2412 Franklin Street NE, Washington, DC 20018, is a nonprofit organization dedicated to offering subsidized housing facilities for low-income, elderly, and handicapped individuals. Regulated by the Department of Housing and Urban Development under Section 202 of the Housing Act of 1959, their mission is to provide a living space that caters specifically to this demographic, ensuring their needs are met with care. The organization operates under the name "Green Valley Apartments," offering a supportive environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Second New St Paul Housing Inc has earned an 82% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. This rating is derived entirely from their Accountability & Finance score, which indicates a well-managed organization with transparent financial practices.
The nonprofit boasts an independent board of directors, with 100% of its members being independent, which enhances its governance quality. Additionally, the organization has demonstrated effective oversight through regular documentation of board meeting minutes and a solid audit and oversight committee. With a low liabilities to assets ratio of 11.17%, the organization appears to be in a stable position financially.
However, while the financial metrics are impressive, the lack of a more comprehensive evaluation of areas such as program impact or donor engagement means that potential supporters may want to seek additional information about the effectiveness of its programs. Despite this limitation, the high program expense ratio of 83.84% indicates that a significant portion of funds is directed towards program services rather than administrative costs.
This AI summary has been generated from information found on Charity Navigator.
Is Second New St Paul Housing Inc legitimate?
Second New St Paul Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Second New St Paul 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.
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What is the mission statement of Second New St Paul Housing Inc?
Second New St Paul Housing Inc's mission is centered around providing affordable housing solutions. Specifically, they aim to serve low-income individuals, the elderly, and those with disabilities. They accomplish this by offering subsidized housing facilities in the form of apartments, under Section 202 of the Housing Act of 1959. This regulatory body is the Department of Housing and Urban Development. The organization's primary goal is to ensure that these vulnerable populations have access to suitable housing, thereby enhancing their quality of life.
Who is the CEO of Second New St Paul Housing Inc?
Leroy Larkins is the President of Second New St Paul Housing Inc.
What is the revenue of Second New St Paul Housing Inc?
Second New St Paul Housing Inc's revenue in 2022 was $1,141,000.
Who are the executives of Second New St Paul Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Second New St Paul Housing Inc?
Second New St Paul Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Second New St Paul Housing Inc
Second New St. Paul Housing Inc. is dedicated to providing subsidized housing for individuals who fall into three categories: the low-income, the elderly, and those with disabilities. This mission is carried out through the operation of apartment complexes, which are regulated under Section 202 of the Housing Act of 1959, overseen by the Department of Housing and Urban Development. The organization's primary goal is to provide a safe and affordable living environment for those who may otherwise struggle to secure such accommodations. By doing so, Second New St. Paul Housing Inc. seeks to contribute positively to the lives of these individuals, allowing them to live with dignity and independence.
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Impact
July, 2024
Second New St Paul Housing Inc provides essential subsidized housing for low-income, elderly, and handicapped individuals in Washington, DC. Their impact lies in offering a crucial lifeline to those who may struggle to afford housing otherwise, ensuring that these vulnerable populations have a safe and stable place to call home. By operating under Section 202 of the Housing Act of 1959 and adhering to regulations set forth by the Department of Housing and Urban Development, Second New St Paul Housing Inc plays a vital role in addressing housing insecurity and improving the quality of life for those in need. Their mission to provide subsidized housing aligns with the broader social goal of creating more equitable and inclusive communities.
This information is meant to be a general summary of Second New St Paul 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: $168
- Program Service Revenue: $1,090,338
- Gross Receipts: $1,141,000
Assets and Liabilities:
- Total Assets: $1,291,615
- Total Liabilities: $228,569
- Net Assets: $1,063,046
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & CONTRACTS GOV A
Revenue
$672,329
RENTAL INCOME
Revenue
$410,005
LAUNDRY INCOME
Revenue
$8,004
Organization Details
Founding Year
1967
Phone
(202) 832-1111Principal Officer
Leroy Larkins
Main Address
2412 FRANKLIN STREET NE, WASHINGTON, DC, 20018
NTEE Category
Code: L21 - Housing
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