Overview
What is Hendersonville Senior Residence Board?
The Hendersonville Senior Residence Board is a nonprofit organization situated in Hendersonville, Tennessee, specifically at 100 Trident Place. Their primary mission is to provide affordable rental housing for the elderly and individuals with disabilities. They offer not only housing but also related facilities and services, ensuring they cater to the general public's needs. The organization, with a small team of five dedicated individuals, is committed to enhancing the living standards for this specific demographic, making a significant impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
The Hendersonville Senior Residence Board received a low accountability and finance score of 52%, indicating significant areas for improvement within its operational transparency and financial health. While the organization benefits from a fully independent board and has shown no material diversion of assets, it faces critical shortcomings in essential governance policies and financial disclosures.
Key strengths include a strong program expense ratio of 95.09%, suggesting that a high percentage of its budget is allocated directly to programs serving its mission. However, the lack of posted financial statements and missing governance policies, such as conflict of interest and whistleblower protections, raise concerns about the overall governance framework.
This combination of strengths and limitations presents a challenging picture for potential donors and stakeholders. The absence of critical financial information and policies may hinder trust and confidence in the organization’s overall management and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Hendersonville Senior Residence Board legitimate?
Hendersonville Senior Residence Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hendersonville Senior Residence Board 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: $146,703
For more financial information, click here
What is the mission statement of Hendersonville Senior Residence Board?
The Hendersonville Senior Residence Board's mission is centered around providing affordable rental housing for the elderly and individuals with disabilities. In essence, they strive to offer a non-profit housing solution for this specific demographic, ensuring they have access to suitable living spaces. The organization also extends its services to include related facilities and assistance, catering to the general public. Their core activity is deeply rooted in the provision of affordable housing, aiming to enhance the quality of life for these individuals.
Who is the CEO of Hendersonville Senior Residence Board?
Randy Williams is the President of Hendersonville Senior Residence Board.
What is the revenue of Hendersonville Senior Residence Board?
Hendersonville Senior Residence Board's revenue in 2023 was $791,632.
Who are the executives of Hendersonville Senior Residence Board and what are their salaries?
The average compensation at Hendersonville Senior Residence Board during 2023 was $29,341. There are 5 employees at Hendersonville Senior Residence Board.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hendersonville Senior Residence Board?
Hendersonville Senior Residence Board's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hendersonville Senior Residence Board
The Hendersonville Senior Residence Board is dedicated to providing affordable rental housing for the elderly and individuals with disabilities. Their mission is to offer non-profit housing solutions that cater to the needs of this specific demographic, ensuring they have access to safe and comfortable living arrangements. The organization's services extend beyond just housing, as they also provide related facilities and services to the general public. The Hendersonville Senior Residence Board aims to make a significant impact in the lives of its residents, enabling them to maintain their independence and quality of life despite their age or physical limitations.
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Impact
July, 2024
Hendersonville Senior Residence Board's impact can be seen in its dedication to providing affordable rental housing for the elderly and handicapped in Hendersonville, TN. By offering low-income elderly and handicapped individuals access to safe and comfortable housing, the organization plays a crucial role in addressing the housing needs of vulnerable populations in the community. Through its programs and services, Hendersonville Senior Residence Board contributes to enhancing the quality of life for seniors and individuals with disabilities, ultimately supporting their wellbeing and independence.
This information is meant to be a general summary of Hendersonville Senior Residence Board. 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: $124
- Program Service Revenue: $786,005
- Gross Receipts: $791,632
Assets and Liabilities:
- Total Assets: $773,197
- Total Liabilities: $828,463
- Net Assets: -$55,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$786,005
Organization Details
Founding Year
1984
Principal Officer
Randy Williams
Main Address
100 TRIDENT PLACE, HENDERSONVILLE, TN, 37075
NTEE Category
Code: L22 - Housing
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