Overview
What is Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?
Saint Alban's Housing Corporation, operating under Quantum Real Estate Management LLC, is a nonprofit organization situated in Bethesda, Maryland. Their primary mission is to provide affordable housing facilities and services for low-income elderly and handicapped individuals. In 2022, they managed to accommodate 142 such individuals through the utilization of 100 rental housing units. This organization operates under Section 207/223(F) of the National Housing Act, aiming to make housing accessible for low-income individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (67%)
Saint Alban's Housing Corporation has been rated as "Needs Improvement" by Charity Navigator, with an overall score of 67%. The organization shows strong accountability and financial management practices, as evidenced by their perfect scores in board independence and financial oversight. They maintain a high program expense ratio of 93.90%, indicating that a significant portion of their funds is directed towards their programs rather than administrative costs.
However, the organization faces several substantial limitations. Their liabilities to assets ratio is alarmingly high at 98.81%, suggesting potential financial instability. Additionally, they have not provided crucial documents such as their tax form, conflict of interest policy, and whistleblower policy on their website, which may raise concerns regarding transparency and governance.
Overall, while Saint Alban's demonstrates some strengths in its financial oversight and board independence, the lack of essential policies and high liabilities could be red flags for potential donors and stakeholders. Improvement in these areas could enhance their standing and overall effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc legitimate?
Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc 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: $299,003
For more financial information, click here
What is the mission statement of Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?
Saint Alban's Housing Corporation, under the management of Quantum Real Estate Management LLC, is committed to providing affordable housing for low-income elderly and handicapped individuals. Their primary mission is to operate a rental property in accordance with Section 207/223(F) of the National Housing Act, serving as a home for those in need. In 2022, the corporation successfully provided housing facilities and services to 142 such individuals, utilizing 100 rental housing units.
Who is the CEO of Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?
Richard Juergens is the President of Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc.
What is the revenue of Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?
Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc's revenue in 2022 was $1,651,984.
Who are the executives of Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc and what are their salaries?
There 8 volunteers at Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc?
Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc
Saint Alban's Housing Corporation, in collaboration with Quantum Real Estate Management LLC, is dedicated to providing affordable housing for low-income elderly and handicapped individuals. Their mission is to manage a rental property under Section 207/223(F) of the National Housing Act, offering housing facilities and services to those in need. In the year 2022, this organization successfully provided housing to 142 such individuals, utilizing 100 rental housing units. By offering affordable housing, Saint Alban's Housing Corporation is contributing significantly to the well-being and living conditions of its residents, ensuring they have a safe and comfortable place to call home.
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Impact
July, 2024
Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc's impact can be seen in their provision of affordable housing facilities and services to 142 low-income elderly and handicapped individuals in 2022. This was made possible through the management of 100 rental housing units in Bethesda, MD. Their mission to provide rental property under Section 207/223(f) of the National Housing Act aligns with their commitment to supporting low-income individuals in accessing safe and affordable housing. Their focus on housing makes a tangible difference in the lives of those in need of such support.
This information is meant to be a general summary of Saint Alban's Housing Corporation C/O Quantum Real Estate Management Llc. 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: $664
- Program Service Revenue: $1,463,592
- Gross Receipts: $1,651,984
Assets and Liabilities:
- Total Assets: $4,652,940
- Total Liabilities: $4,597,943
- Net Assets: $54,997
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,458,714
LAUNDRY AND VENDING
Revenue
$4,800
OTHER REVENUE
Revenue
$78
Organization Details
Founding Year
1980
Phone
(301) 941-8040Principal Officer
Richard Juergens
Main Address
5101 RIVER ROAD 101, BETHESDA, MD, 20816
NTEE Category
Code: L20 - Housing
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