Overview
What is Sts Cosma And Damian Corporation?
Sts Cosma And Damian Corporation is a nonprofit organization situated at 30 Malvern Ave, Richmond, VA 23221. Its primary mission is to operate a 35-unit apartment building, offering affordable housing to the elderly and individuals with mobility impairments. This initiative aims to provide a safe and supportive living environment for those in need, contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that while Sts Cosma And Damian Corporation has some strong governance practices, it has notable deficiencies in certain accountability measures. The organization's high program expense ratio of 99.29% suggests that a large portion of its funds is directed towards its charitable programs, which is a positive indicator of its mission-driven focus.
Strengths of the organization include a fully independent board and a solid record in terms of asset management, as reflected by the perfect scores in those areas. The absence of material diversion of assets is particularly commendable, demonstrating financial integrity. However, the organization misses key governance policies, such as a conflict of interest policy and whistleblower protections, which are critical for maintaining transparency and accountability.
Limitations include the lack of essential documentation, such as the tax form on the nonprofit's website and policies regarding document retention. These omissions can hinder stakeholders' ability to assess the organization fully, potentially impacting donor confidence. Overall, while the organization shows a commitment to its charitable mission, addressing these governance gaps could enhance its standing and trustworthiness among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Sts Cosma And Damian Corporation legitimate?
Sts Cosma And Damian Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sts Cosma And Damian Corporation 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.
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What is the mission statement of Sts Cosma And Damian Corporation?
The Sts Cosma And Damian Corporation operates a 35-unit apartment building, serving as a sanctuary for the elderly and mobility-impaired individuals who are in need of affordable housing. Their mission is centered around providing low-income housing, ensuring that these vulnerable individuals have a secure place to call home. The corporation is committed to making a difference in their residents' lives, offering them a sense of community and support during their golden years. The apartment building is equipped with necessary accommodations to cater to the unique needs of its elderly and mobility-impaired residents, aiming to improve their quality of life.
What is the revenue of Sts Cosma And Damian Corporation?
Sts Cosma And Damian Corporation's revenue in 2023 was $14.
Who are the executives of Sts Cosma And Damian Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Sts Cosma And Damian Corporation?
Sts Cosma And Damian Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sts Cosma And Damian Corporation
Sts Cosma And Damian Corporation is dedicated to providing low-income housing for the elderly and mobility-impaired individuals. This nonprofit organization operates a 35-unit apartment building, serving as a sanctuary for those in need. The mission of Sts Cosma And Damian Corporation is to offer a safe and supportive living environment, catering specifically to this vulnerable population. By providing affordable housing, the organization aims to improve the quality of life for its residents, ensuring they have access to a comfortable and secure home.
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Impact
July, 2024
Sts Cosma and Damian Corporation's impact lies in its operation of a 35-unit apartment building that provides low-income housing to the elderly and the mobility impaired in Richmond, VA. Through their mission to offer affordable housing options to these vulnerable populations, the organization plays a crucial role in addressing housing insecurity and improving the quality of life for those in need in the community. By providing a safe and supportive living environment, Sts Cosma and Damian Corporation contributes to enhancing the well-being and dignity of its residents.
This information is meant to be a general summary of Sts Cosma And Damian Corporation. 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 2023.
- Investment Income: $14
- Program Service Revenue: $233,725
- Gross Receipts: $14
Assets and Liabilities:
- Total Assets: $1,194,553
- Total Liabilities: $6,500
- Net Assets: $1,188,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$233,725
Organization Details
Founding Year
1985
Principal Officer
William Tsimpiris
NTEE Category
Code: L22 - Housing
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