Overview
What is Richmond Urban Senior Housing?
Richmond Urban Senior Housing, specifically Monarch Woods Apartments, is a nonprofit organization situated in Richmond, Virginia. Their primary objective is to offer affordable housing solutions to low-income elderly individuals and families. By providing this crucial service, they aim to contribute positively to the community, ensuring that seniors have a secure and affordable living space. The organization is dedicated to this mission, making it an essential resource for those in need of such housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Richmond Urban Senior Housing has demonstrated strong accountability and financial health, achieving a perfect score in these areas. The organization benefits from a fully independent board, with 100% of members being independent, and a solid structure that ensures no material diversion of assets. Their policies regarding conflicts of interest, whistleblower protections, and document retention are well-established, indicating a commitment to transparency and ethical governance.
The organization has effectively utilized its resources, with an impressive program expense ratio of 87.07%, signifying that a substantial portion of funds is directed towards impactful programs rather than administrative costs. Additionally, their liabilities to assets ratio stands at a low 2.84%, reflecting a stable financial position. These metrics showcase the charity's operational efficiency and dedication to serving its mission.
While the financial health and governance practices are commendable, potential donors and stakeholders should consider any additional qualitative factors that might not be captured in the numeric scores. Overall, Richmond Urban Senior Housing appears to be a well-managed organization focused on delivering value to its community.
This AI summary has been generated from information found on Charity Navigator.
Is Richmond Urban Senior Housing legitimate?
Richmond Urban Senior Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Urban Senior Housing 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: $40,020
For more financial information, click here
What is the mission statement of Richmond Urban Senior Housing?
Richmond Urban Senior Housing, specifically Monarch Woods Apartments, is committed to providing affordable housing for low-income elderly individuals and families. Their mission revolves around making housing accessible for this demographic, ensuring they have a secure living environment. This organization strives to make a significant impact in the lives of its residents by offering affordable housing solutions.
Who is the CEO of Richmond Urban Senior Housing?
Michael J Schewel is the President of Richmond Urban Senior Housing. The CEO's salary of Richmond Urban Senior Housing is $0 and their total compensation is $355,049.
What is the revenue of Richmond Urban Senior Housing?
Richmond Urban Senior Housing's revenue in 2022 was $498,855.
Who are the executives of Richmond Urban Senior Housing and what are their salaries?
Here are 9 key members and their salaries (Richmond Urban Senior Housing's CEO's salary is $0 and their total compensation is $355,049):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $311,491
- Other: $43,558
- Compensation: $0
- Related: $187,481
- Other: $18,188
Where can I find the form 990 for Richmond Urban Senior Housing?
Richmond Urban Senior Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richmond Urban Senior Housing
Richmond Urban Senior Housing, often referred to as Monarch Woods Apartments, is dedicated to providing affordable housing solutions for low-income elderly individuals and families. Their mission is centered around making housing accessible, ensuring that this essential need is within reach for those who may otherwise struggle to secure it. By offering affordable housing, this non-profit organization plays a significant role in supporting the elderly community, enabling them to maintain a stable living environment and focus on other aspects of their well-being.
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Impact
July, 2024
Richmond Urban Senior Housing's impact is significant in providing affordable housing to low-income elderly individuals and families in Richmond, VA. Their mission to offer affordable housing helps address the critical need for accessible and safe housing options for seniors in the community. By creating a supportive environment for seniors to live independently, Richmond Urban Senior Housing contributes to enhancing the quality of life and well-being of its residents.
This information is meant to be a general summary of Richmond Urban Senior Housing. 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.
- Program Service Revenue: $498,855
- Gross Receipts: $498,855
Assets and Liabilities:
- Total Assets: $2,891,621
- Total Liabilities: $82,184
- Net Assets: $2,809,437
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$498,855
Organization Details
Founding Year
2000
Phone
(804) 644-0546Principal Officer
Michael J Schewel
Main Address
PO Box 12117, RICHMOND, VA, 23241
NTEE Category
Code: L22 - Housing
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