Overview
What is St Pius X Housing Inc?
St. Pius X Housing Inc., established under North Carolina's nonprofit laws, is dedicated to constructing and managing two rental housing projects, Dolan Manor I and Dolan Manor II, which collectively consist of 54 units. These projects cater to very low-income households with at least one resident aged 62 years or older, as regulated by the U.S. Department of Housing and Urban Development (HUD). The housing organization receives a substantial portion of its rental income from HUD through assistance payment contracts. The financial backing for these projects comes from a HUD-insured loan and a Section 202 capital advance, ensuring that affordable housing solutions are available for eligible residents in Greensboro, North Carolina.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
St Pius X Housing Inc has received a low rating of 58%, resulting in a One-Star out of Four Stars designation primarily based on its Accountability & Finance performance. The organization has a strong governance structure, with a fully independent board comprising six members and no material diversion of assets, earning full points in these categories. However, the score reveals significant weaknesses in transparency and policy documentation.
The charity's lack of essential policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, resulted in low scores in those areas. Additionally, the organization's website, which should be accessible according to standard practices, is not listed on its tax form, further contributing to its accountability issues. The liabilities to assets ratio is notably high at 195.94%, indicating a potential financial risk.
While St Pius X Housing Inc demonstrates strengths in certain governance aspects, the absence of key policies and transparency measures highlights areas for improvement. As the organization strives to enhance its accountability practices, addressing these limitations could positively influence its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is St Pius X Housing Inc legitimate?
St Pius X Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Pius X Housing 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: $0
For more financial information, click here
What is the mission statement of St Pius X Housing Inc?
St. Pius X Housing Inc., a non-profit corporation, was established under North Carolina's laws with the primary objective of constructing and managing two rental housing projects, Dolan Manor I and Dolan Manor II. These projects, consisting of 30 and 24 units respectively, are regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rent charges and operating methods. The occupancy of these projects is restricted by HUD to cater to very low-income households, with at least one resident aged 62 years or older. A substantial portion of the rental income is received from HUD through Assistance Payments Contracts. Financing for these projects has been secured through a HUD-insured loan under Section 207, as per Section 223(F) of the National Housing Act, and a Section 202 Capital Advance. In essence, the organization's mission is to provide affordable housing for elderly, low-income individuals.
Who is the CEO of St Pius X Housing Inc?
Al Abram is the Chairman of St Pius X Housing Inc.
What is the revenue of St Pius X Housing Inc?
St Pius X Housing Inc's revenue in 2022 was $496,269.
Who are the executives of St Pius X Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for St Pius X Housing Inc?
St Pius X Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Pius X Housing Inc
St. Pius X Housing Inc was established as a non-profit corporation under the laws of North Carolina with a primary mission to construct and operate two rental housing projects - Dolan Manor I and Dolan Manor II. These projects consist of 30 and 24 units of apartment communities respectively, catering to very low-income households with at least one individual aged 62 years or older. The organization's projects fall under Section 202 of the National Housing Act and are regulated by HUD in terms of rent charges and operating methods. Occupancy is restricted by HUD to the specified target group. A significant portion of the project's rental income is derived from HUD through Assistance Payments Contracts. The financing for these projects was provided through a HUD insured loan under Section 207, pursuant to Section 223(F) of the National Housing Act, and a Section 202 Capital Advance. In essence, St. Pius X Housing Inc's mission involves providing affordable housing for senior citizens with low incomes, ensuring compliance with HUD regulations, and securing funding for the construction and operation of their projects.
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Impact
July, 2024
St Pius X Housing Inc provides essential housing support to very low-income households, specifically those with at least one person aged 62 years or older. Through the construction and operation of two rental housing projects, Dolan Manor I and Dolan Manor II, the organization ensures these vulnerable populations have access to safe and affordable housing options. By adhering to regulations set by HUD and receiving financial assistance through HUD programs, St Pius X Housing Inc plays a crucial role in addressing the housing needs of the elderly and low-income individuals in Greensboro, North Carolina.
This information is meant to be a general summary of St Pius X Housing 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: $147
- Program Service Revenue: $164,869
- Gross Receipts: $496,269
Assets and Liabilities:
- Total Assets: $1,418,290
- Total Liabilities: $2,779,065
- Net Assets: -$1,360,775
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT COMPLEX
Revenue
$164,869
Organization Details
Founding Year
1984
Phone
(336) 765-0424Principal Officer
Al Abram
Main Address
2211 GOLDEN GATE DRIVE, GREENSBORO, NC, 27405
NTEE Category
Code: L21 - Housing
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