Overview
What is Bayamon Senior Citizens Housing Company Inc?
Bayamon Senior Citizens Housing Company Inc is a nonprofit organization located at 1200 South Pine Island Road STE 725, Plantation, Florida 33324. Their primary mission is to provide affordable housing for the elderly and individuals with disabilities. Regulated and assisted by the Department of Housing and Urban Development (HUD), the organization operates under the name Torre Jesús Sánchez Erazo Apts. With a team of five dedicated individuals, Bayamon Senior Citizens Housing Company Inc aims to ensure that these vulnerable populations have access to suitable living arrangements. Their efforts contribute to maintaining a supportive and inclusive community.
Official website here: www.ehdoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating
The Bayamon Senior Citizens Housing Company Inc has received a low score of 57%, indicating significant concerns regarding its accountability and financial management. While the organization boasts a fully independent board and maintains strong practices in areas such as financial statements and asset oversight, these strengths are overshadowed by notable deficiencies in their governance policies.
Key shortcomings include a lack of a conflict of interest policy, whistleblower policy, and document retention protocols, which raises questions about the organization's commitment to transparency and ethical management. Additionally, the organization scored poorly in its liabilities to assets ratio and program expense ratio, suggesting potential financial instability and inefficiencies in its program funding.
Overall, the low rating from Charity Navigator reflects the need for Bayamon Senior Citizens Housing Company Inc to enhance its governance practices and financial health to better serve its mission and stakeholders. Addressing these issues could help improve their standing and effectiveness in assisting senior citizens.
This AI summary has been generated from information found on Charity Navigator.
Is Bayamon Senior Citizens Housing Company Inc legitimate?
Bayamon Senior Citizens Housing Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayamon Senior Citizens Housing Company 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: $196,552
For more financial information, click here
Official website here: www.ehdoc.org
What is the mission statement of Bayamon Senior Citizens Housing Company Inc?
Bayamon Senior Citizens Housing Company Inc's mission is centered around providing low-income housing for the elderly and individuals with disabilities. This mission is carried out under the regulation and assistance of the Department of Housing and Urban Development (HUD). The company's primary objective is to offer a living space for these individuals, ensuring they have a secure and suitable environment to reside in. The company's operations are guided by the principles set by HUD, aiming to provide affordable and accessible housing solutions for this specific demographic.
Official website here: www.ehdoc.org
Who is the CEO of Bayamon Senior Citizens Housing Company Inc?
Melanie Ribeiro is the Director of Bayamon Senior Citizens Housing Company Inc.
Official website here: www.ehdoc.org
What is the revenue of Bayamon Senior Citizens Housing Company Inc?
Bayamon Senior Citizens Housing Company Inc's revenue in 2022 was $1,074,359.
Official website here: www.ehdoc.org
Who are the executives of Bayamon Senior Citizens Housing Company Inc and what are their salaries?
The average compensation at Bayamon Senior Citizens Housing Company Inc during 2022 was $39,310. There are 5 employees at Bayamon Senior Citizens Housing Company Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $296,416
- Other: $110,501
- Compensation: $0
- Related: $26,541
- Other: $4,777
- 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.ehdoc.org
Where can I find the form 990 for Bayamon Senior Citizens Housing Company Inc?
Bayamon Senior Citizens Housing Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ehdoc.org
Learn more at the official website: www.ehdoc.org
Mission Statement of Bayamon Senior Citizens Housing Company Inc
Bayamon Senior Citizens Housing Company Inc is dedicated to providing low-income housing for the elderly and individuals with disabilities. They operate under the guidance and support of the Department of Housing and Urban Development (HUD). The organization's primary mission is to offer a living space for this specific demographic, ensuring they have a secure and comfortable environment. By doing so, Bayamon Senior Citizens Housing Company Inc contributes to the well-being and independence of these vulnerable individuals, thereby enhancing their quality of life.
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Impact
July, 2024
Bayamon Senior Citizens Housing Company Inc provides essential low-income housing for the elderly and handicapped population, offering a safe and supportive living environment. By operating under the regulations and assistance of the Department of Housing and Urban Development (HUD), this organization plays a crucial role in ensuring that vulnerable individuals have access to affordable housing that meets their specific needs. The impact of Bayamon Senior Citizens Housing Company Inc extends beyond providing physical shelter; it also contributes to the overall well-being and quality of life of its residents, fostering a sense of community and support among its members.
This information is meant to be a general summary of Bayamon Senior Citizens Housing Company 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: $86
- Program Service Revenue: $1,045,729
- Gross Receipts: $1,074,359
Assets and Liabilities:
- Total Assets: $606,414
- Total Liabilities: $1,342,366
- Net Assets: -$735,952
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$926,159
TENANT RENT
Revenue
$119,570
Organization Details
Founding Year
1978
Phone
(954) 835-9200Principal Officer
Melanie Ribeiro
Main Address
1200 SOUTH PINE ISLAND ROAD STE 725, PLANTATION, FL, 33324
Website
www.ehdoc.orgNTEE Category
Code: L22 - Housing
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