Overview
What is Senior Citizens Hsg Develop Corp Of Washington?
Senior Citizens Housing Development Corporation of Washington, with its doing business name as Morton & Florence Bahr Towers, is a nonprofit organization situated in Plantation, Florida. Their primary focus is on providing affordable housing for the elderly and individuals with disabilities. Regulated and supported by the Department of Housing and Urban Development (HUD), they offer a safe living environment for this specific demographic. With a small workforce of 4 employees, they continue to serve their community, ensuring the comfort and well-being of their residents.
Official website here: www.ehdoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating.
The Senior Citizens Housing Development Corporation of Washington has received a modest Two-Star rating, indicating room for improvement in its accountability and financial practices. The organization demonstrates a solid commitment to governance, with 83% of its board members being independent and strong scores in audit and oversight practices. However, the charity lacks several important policies, such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are essential for transparency and accountability.
Financially, the organization shows some positive aspects with a program expense ratio of 63.80%, indicating that a significant portion of its expenditures is directed towards its programs. However, it faces concerns regarding its liabilities, reporting a liabilities to assets ratio of 238.45%, which may pose a risk to its financial stability. Additionally, the absence of its tax form on its website, as required, further detracts from its accountability score.
Overall, while the Senior Citizens Housing Development Corporation of Washington shows strengths in board independence and audit oversight, the lack of essential policies and concerning financial ratios highlight significant areas needing attention to boost its operational integrity and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Citizens Hsg Develop Corp Of Washington legitimate?
Senior Citizens Hsg Develop Corp Of Washington is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Citizens Hsg Develop Corp Of Washington 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: $200,147
For more financial information, click here
Official website here: www.ehdoc.org
What is the mission statement of Senior Citizens Hsg Develop Corp Of Washington?
Senior Citizens Housing Development Corporation of Washington's mission is centered around providing low-income housing for the elderly and handicapped. This organization operates under the guidance and support of the Department of Housing and Urban Development (HUD). Their primary goal is to provide a suitable living environment for this vulnerable group, ensuring they have access to essential housing services. The corporation's activities are regulated and assisted by HUD, ensuring compliance with necessary standards and provisions for this specific population.
Official website here: www.ehdoc.org
Who is the CEO of Senior Citizens Hsg Develop Corp Of Washington?
Melanie Ribeiro is the President of Senior Citizens Hsg Develop Corp Of Washington.
Official website here: www.ehdoc.org
What is the revenue of Senior Citizens Hsg Develop Corp Of Washington?
Senior Citizens Hsg Develop Corp Of Washington's revenue in 2022 was $1,138,388.
Official website here: www.ehdoc.org
Who are the executives of Senior Citizens Hsg Develop Corp Of Washington and what are their salaries?
The average compensation at Senior Citizens Hsg Develop Corp Of Washington during 2022 was $50,037. There are 4 employees at Senior Citizens Hsg Develop Corp Of Washington.
Here are 7 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $346,895
- Other: $110,937
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- Other: $0
- Compensation: $0
- Related: $26,541
- Other: $4,777
Official website here: www.ehdoc.org
Where can I find the form 990 for Senior Citizens Hsg Develop Corp Of Washington?
Senior Citizens Hsg Develop Corp Of Washington'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 Senior Citizens Hsg Develop Corp Of Washington
Senior Citizens Housing Development Corporation of Washington is dedicated to providing housing for the elderly and individuals with disabilities. This mission is carried out in collaboration with the Department of Housing and Urban Development (HUD). The corporation operates housing facilities that cater to this specific demographic, ensuring they have access to safe and affordable living environments. The operation of these housing units is regulated and assisted by HUD, ensuring compliance with necessary standards and provisions. This nonprofit organization's mission is vital in providing a sense of security and stability for the elderly and handicapped individuals, enabling them to live comfortably and independently.
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Impact
July, 2024
Senior Citizens Housing Development Corporation of Washington provides vital housing solutions for low-income elderly and handicapped individuals. By operating low-income housing regulated and assisted by the Department of Housing and Urban Development (HUD), the organization significantly impacts the lives of vulnerable populations in Plantation, FL. Their mission to provide safe and affordable housing options for seniors and disabled individuals contributes to enhancing their quality of life and ensuring they have a secure and comfortable place to call home. The organization's focus on housing aligns with the essential need for accessible and supportive living spaces for those who may face additional challenges in finding suitable accommodation.
This information is meant to be a general summary of Senior Citizens Hsg Develop Corp Of Washington. 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: $91
- Program Service Revenue: $1,137,587
- Gross Receipts: $1,138,388
Assets and Liabilities:
- Total Assets: $1,571,887
- Total Liabilities: $3,748,250
- Net Assets: -$2,176,363
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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
$853,317
TENANT RENT
Revenue
$209,770
ELDERLY & CONGREGATE SERVICES
Revenue
$74,500
Organization Details
Founding Year
1986
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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