Overview
What is St Mary's Court Housing Development Corp?
St. Mary's Court Housing Development Corp is a nonprofit organization, established in 1976 under the laws of Washington D.C., with a primary mission to provide affordable housing and related services to the elderly. Chartered to construct and manage an apartment complex of 140 units, known as St. Mary's Court, this project falls under Section 202 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development, the corporation ensures that rental charges and operating methods adhere to specific standards. By offering affordable housing, St. Mary's Court Housing Development Corp aims to support the elderly community in Washington D.C.
Official website here: www.stmaryscourt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, Two-Star out of Four Stars
St Mary's Court Housing Development Corp has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The rating primarily reflects the organization's Accountability & Finance score, which is 62%. This score is derived from various factors, emphasizing the importance of transparency and sound financial practices.
The organization shows strengths in areas such as having a majority of independent board members and maintaining a conflict of interest policy. Additionally, it has successfully implemented a whistleblower policy, which contributes positively to its governance framework. The board's ability to document meeting minutes and adhere to policies regarding document retention is also commendable.
However, the nonprofit has significant limitations in its financial reporting, evidenced by a lack of financial statements and a low liabilities to assets ratio, both of which received a score of zero. Furthermore, the absence of a publicly available tax form on its website raises concerns about transparency. These factors indicate that while the organization has some governance strengths, it needs to improve its financial reporting practices to enhance overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is St Mary's Court Housing Development Corp legitimate?
St Mary's Court Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mary's Court Housing Development Corp 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
Official website here: www.stmaryscourt.org
What is the mission statement of St Mary's Court Housing Development Corp?
St. Mary's Court Housing Development Corporation's mission is centered around providing affordable housing and essential services to the elderly. Operating under Section 202 of the National Housing Act, their primary goal is to ensure that low-income elderly individuals have access to suitable housing. The Corporation, established in 1976, constructs and manages a housing complex known as St. Mary's Court, which is regulated by the U.S. Department of Housing and Urban Development in terms of rental charges and operating methods.
Official website here: www.stmaryscourt.org
Who is the CEO of St Mary's Court Housing Development Corp?
Gerald A Perez is the Principal Officer of St Mary's Court Housing Development Corp.
Official website here: www.stmaryscourt.org
What is the revenue of St Mary's Court Housing Development Corp?
St Mary's Court Housing Development Corp's revenue in 2022 was $3,242,225.
Official website here: www.stmaryscourt.org
Who are the executives of St Mary's Court Housing Development Corp and what are their salaries?
There 17 volunteers at St Mary's Court Housing Development Corp.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.stmaryscourt.org
Where can I find the form 990 for St Mary's Court Housing Development Corp?
St Mary's Court Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stmaryscourt.org
Learn more at the official website: www.stmaryscourt.org
Mission Statement of St Mary's Court Housing Development Corp
St. Mary's Court Housing Development Corp, established in 1976, is a nonprofit organization with a mission to provide affordable housing and resident services to the elderly. Operating under Section 202 of the National Housing Act, this corporation constructs and manages St. Mary's Court, a 140-unit apartment complex designed specifically for low-income elderly individuals. Regulated by the U.S. Department of Housing and Urban Development, the rent charges and operating methods of this project are strictly monitored to ensure affordability and accessibility for its target demographic. The primary goal of St. Mary's Court Housing Development Corp is to provide a safe, comfortable, and affordable living environment for the elderly, enriching their quality of life and supporting their needs as they age.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
St. Mary's Court Housing Development Corp's impact is significant in providing affordable housing and related resident services to the elderly in Washington, DC. Established in 1976, this organization operates an apartment complex with 140 units under Section 202 of the National Housing Act known as St. Mary's Court. Through this initiative, low-income housing is made available to elderly residents in a regulated manner by the U.S. Department of Housing and Urban Development. The organization's commitment to ensuring elderly individuals have access to safe and affordable housing contributes positively to the community's well-being and quality of life.
This information is meant to be a general summary of St Mary's Court Housing Development Corp. 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: $200,556
- Program Service Revenue: $2,985,902
- Gross Receipts: $3,543,313
Assets and Liabilities:
- Total Assets: $12,714,863
- Total Liabilities: $13,906,930
- Net Assets: -$1,192,067
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,789,621
FOOD AND RESIDENT SVCS
Revenue
$196,281
Organization Details
Founding Year
1976
Phone
(202) 223-5684Principal Officer
Gerald A Perez
Main Address
725 24TH STREET NW, WASHINGTON, DC, 20037
Website
www.stmaryscourt.orgNTEE Category
Code: L21 - Housing
If you are a representative of St Mary's Court Housing Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.