Overview
What is Sloan Street Housing Development Corporation Inc?
Sloan Street Housing Development Corporation Inc is a nonprofit organization situated in Anderson, South Carolina. Their primary mission is to provide suitable housing options for low-income elderly individuals. They achieve this by managing a HUD-assisted apartment complex regulated under Section 202 of the National Housing Act of 1959. This community-focused initiative aims to offer a secure living environment for senior citizens who may have limited financial resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Sloan Street Housing Development Corporation Inc has received a strong rating of 79%, reflecting a solid performance in accountability and finance. The organization boasts a fully independent board with 10 members, and it has scored full points for several governance practices, including the absence of material asset diversion and the establishment of comprehensive policies for conflict of interest, whistleblowing, and document retention.
The organization demonstrates a commendable program expense ratio of 81.55%, indicating that a significant portion of its funding is directed towards its programs and services rather than administrative costs. This efficiency promotes confidence in its operational effectiveness and commitment to its mission of housing development.
While the overall rating is positive, stakeholders may want to consider areas for improvement in the organization's transparency and operational practices, as specific details regarding its overall impact and long-term sustainability were not highlighted in the feedback. Nonetheless, the strong governance framework suggests a reliable and responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Sloan Street Housing Development Corporation Inc legitimate?
Sloan Street Housing Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sloan Street Housing Development Corporation 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: $44,421
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What is the mission statement of Sloan Street Housing Development Corporation Inc?
Sloan Street Housing Development Corporation Inc is committed to providing housing for low-income elderly individuals. They accomplish this by operating a HUD-assisted apartment community, regulated under Section 202 of the National Housing Act of 1959. The corporation's mission is to ensure that elderly individuals with limited financial resources have access to suitable housing, enhancing their quality of life. The apartment community, overseen by the HUD, offers a secure living environment for this specific demographic, promoting their independence and well-being.
Who is the CEO of Sloan Street Housing Development Corporation Inc?
Douglas Wright is the Executive Di of Sloan Street Housing Development Corporation Inc.
What is the revenue of Sloan Street Housing Development Corporation Inc?
Sloan Street Housing Development Corporation Inc's revenue in 2023 was $132,424.
Who are the executives of Sloan Street Housing Development Corporation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Sloan Street Housing Development Corporation Inc?
Sloan Street Housing Development Corporation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sloan Street Housing Development Corporation Inc
Sloan Street Housing Development Corporation Inc is dedicated to providing housing solutions for low-income elderly individuals. They achieve this mission by operating a HUD-assisted apartment community, regulated under Section 202 of the National Housing Act of 1959. This nonprofit organization's primary focus is on offering a secure living environment for the elderly, ensuring they have access to necessary amenities and resources. The corporation's housing community is designed to address the specific needs of this demographic, providing them with a place to call home despite their limited financial means. Sloan Street Housing Development Corporation Inc's mission is to promote the dignity and independence of the elderly population, enabling them to live comfortably and with a sense of security.
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Impact
October, 2024
Sloan Street Housing Development Corporation Inc significantly improves the lives of low-income elderly individuals by offering reliable and affordable housing options. By operating a HUD-assisted apartment community, the organization ensures that seniors have access to safe and supportive living environments. This initiative not only provides essential shelter but also fosters a sense of community among residents, enhancing their overall quality of life. Regulated under Section 202 of the National Housing Act of 1959, the program addresses the unique challenges faced by elderly individuals, allowing them to maintain their independence while receiving the support they may need. The impact is profound, as it helps mitigate housing insecurity, promotes mental and physical well-being, and contributes to the stability of the community in Anderson, SC.
This information is meant to be a general summary of Sloan Street Housing Development Corporation 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 2023.
- Investment Income: $135
- Program Service Revenue: $132,289
- Gross Receipts: $132,424
Assets and Liabilities:
- Total Assets: $682,999
- Total Liabilities: $928,225
- Net Assets: -$245,226
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$132,289
Organization Details
Founding Year
1998
Phone
(864) 225-3370Principal Officer
Douglas Wright
Main Address
3420 CLEMSON BOULEVARD, ANDERSON, SC, 29621
NTEE Category
Code: L22 - Housing
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