Overview
What is Sacred Heart Village I Inc?
Sacred Heart Village I Inc is a nonprofit organization situated in Wilmington, Delaware, specifically at 115 E 14th Street. Their primary mission is to provide affordable housing solutions for elderly individuals with very low income. This is achieved through the operation of a 77-unit housing facility. The organization is dedicated to ensuring seniors have access to decent, permanent housing, enhancing their quality of life. With a team of 16 employees, Sacred Heart Village I Inc plays a significant role in addressing the housing needs of the elderly community in the area.
Official website here: www.sacredheartvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Sacred Heart Village I Inc has garnered a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The organization has achieved an Accountability & Finance score of 81, demonstrating a commitment to transparency and responsible financial management. Notably, it has a fully independent board, with all 10 members being independent, which is a positive indicator of governance.
The nonprofit shows strong financial metrics, particularly with a program expense ratio of 89.02%, suggesting that a significant portion of its expenditures directly supports its programs and mission. Furthermore, the organization has established various policies, including conflict of interest and whistleblower policies, which bolster its operational integrity.
However, one area of concern is the liabilities to assets ratio, which stands at 72.14%, indicating that the organization may have a high level of debt relative to its assets. This could pose potential risks to financial stability moving forward. Overall, while Sacred Heart Village I Inc demonstrates many strengths, attention to its financial liabilities might be necessary for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart Village I Inc legitimate?
Sacred Heart Village I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Village I 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: $380,817
For more financial information, click here
Official website here: www.sacredheartvillage.org
What is the mission statement of Sacred Heart Village I Inc?
Sacred Heart Village I Inc, as an organization, is dedicated to providing a mission of offering permanent, affordable housing for seniors. Their primary objective is to ensure that elderly individuals with very low income have access to decent housing. To achieve this, they operate a 77-unit housing facility, providing a home for this specific population. By doing so, Sacred Heart Village I Inc contributes to enhancing the living conditions and security of the elderly, ensuring they can age with dignity and independence.
Official website here: www.sacredheartvillage.org
Who is the CEO of Sacred Heart Village I Inc?
Brother Ronald Giannone is the President of Sacred Heart Village I Inc.
Official website here: www.sacredheartvillage.org
What is the revenue of Sacred Heart Village I Inc?
Sacred Heart Village I Inc's revenue in 2022 was $1,106,924.
Official website here: www.sacredheartvillage.org
Who are the executives of Sacred Heart Village I Inc and what are their salaries?
The average compensation at Sacred Heart Village I Inc during 2022 was $23,801. There are 16 employees and 15 volunteers at Sacred Heart Village I Inc.
Here are 11 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: $105,000
- Other: $13,270
Official website here: www.sacredheartvillage.org
Where can I find the form 990 for Sacred Heart Village I Inc?
Sacred Heart Village I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sacredheartvillage.org
Learn more at the official website: www.sacredheartvillage.org
Mission Statement of Sacred Heart Village I Inc
Sacred Heart Village I Inc, a nonprofit organization, is dedicated to providing a mission of affordable housing for the elderly. Their primary objective is to offer permanent, reasonably priced living spaces for seniors who fall under the category of very low income. To fulfill this mission, the organization operates a 77-unit housing facility, ensuring that elderly individuals have access to decent and affordable housing. This initiative by Sacred Heart Village I Inc plays a significant role in providing a safe and secure living environment for the elderly, enabling them to maintain their independence and dignity while navigating their later years.
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
Sacred Heart Village I Inc provides crucial affordable housing for very low-income elderly individuals in Wilmington. With its 77-unit housing facility, the organization ensures that seniors have a stable and welcoming place to call home. By fulfilling its mission of providing permanent, affordable housing for seniors, Sacred Heart Village I Inc positively impacts the lives of the elderly population in the community, offering them security and dignity in their golden years.
This information is meant to be a general summary of Sacred Heart Village I 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: $113
- Program Service Revenue: $1,082,053
- Gross Receipts: $1,106,924
Assets and Liabilities:
- Total Assets: $6,619,083
- Total Liabilities: $4,775,659
- Net Assets: $1,843,424
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.
GOV'T SUBSIDIZED RENTS
Revenue
$746,145
LOW INCOME RENTS
Revenue
$332,087
PROGRAM PARKING FEES
Revenue
$3,821
Organization Details
Founding Year
1999
Phone
(302) 652-5523Principal Officer
Brother Ronald Giannone
Main Address
115 E 14TH STREET, WILMINGTON, DE, 19801
Website
www.sacredheartvillage.orgNTEE Category
Code: L22 - Housing
If you are a representative of Sacred Heart Village I Inc 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.