Overview
What is St Matthews Elderly Housing Inc?
St. Matthews Elderly Housing Inc. is a 501(c)(3) nonprofit organization situated in Atlanta, Georgia. Its primary mission is to provide affordable rental housing for low-income elderly individuals and contribute to various charitable, religious, and educational activities aligned with its broader objectives. The organization acts as the sponsor for housing for the elderly and disabled, in addition to supporting other charitable endeavors. It aims to fulfill its purpose by offering housing and contributing to public benefit and charitable causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
St. Matthews Elderly Housing Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is derived entirely from its robust financial practices, indicating a high level of transparency and responsibility in managing funds. Such a rating is significant as it showcases the organization’s commitment to effective stewardship of donor contributions.
One of the key strengths of St. Matthews is its governance structure, with a fully independent board comprising six members, earning top marks in both board independence and size. Furthermore, the charity has established comprehensive policies, including conflict of interest and whistleblower protections, enhancing its accountability framework. The favorable liabilities to assets ratio of 0.00% reinforces its financial stability, indicating that the organization operates without debt.
Despite these strengths, it's important for potential donors and supporters to note that this rating is solely based on financial metrics. While a high program expense ratio of 97.12% suggests that the majority of funds are directed towards programs rather than administrative costs, stakeholders may wish to consider qualitative aspects such as program impact and community engagement for a more holistic view of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St Matthews Elderly Housing Inc legitimate?
St Matthews Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Matthews Elderly 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 Matthews Elderly Housing Inc?
St. Matthews Elderly Housing Inc's primary mission is to provide affordable rental housing for low-income elderly individuals and serve other charitable purposes. The organization operates under Section 501(c)(3) of the Internal Revenue Code, allowing it to support various charitable, educational, religious, and scientific endeavors. In addition to providing housing, St. Matthews Elderly Housing Inc also sponsors certain charitable, religious, and educational activities that align with its charitable purpose. Furthermore, it supports the charitable activities of another 501(c)(3) organization, expanding its reach and impact.
Who is the CEO of St Matthews Elderly Housing Inc?
Gerald Eickhoff is the President of St Matthews Elderly Housing Inc.
What is the revenue of St Matthews Elderly Housing Inc?
St Matthews Elderly Housing Inc's revenue in 2022 was $43,605.
Who are the executives of St Matthews Elderly Housing Inc and what are their salaries?
There 7 volunteers at St Matthews Elderly Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for St Matthews Elderly Housing Inc?
St Matthews Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Matthews Elderly Housing Inc
St. Matthews Elderly Housing Inc is a nonprofit organization with a mission to provide affordable rental housing for elderly individuals and those with public benefits, as well as for charitable, educational, religious, or scientific purposes, in line with Section 501(c)(3) of the Internal Revenue Code of 1986. The organization's primary goal is to provide a comfortable living space for the elderly, ensuring they can live independently with minimal financial burden. Besides this, St. Matthews Elderly Housing Inc also supports the charitable activities of other 501(c)(3) organizations, aligning with its expanded mission. In addition, the organization acts as a sponsor for affordable housing for low-income elderly and handicapped individuals, and sponsors certain charitable, religious, and educational activities in accordance with its charitable purpose.
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Impact
August, 2024
St Matthews Elderly Housing Inc's impact is primarily focused on providing affordable rental housing for low-income elderly persons. Additionally, the organization supports charitable activities of another 501(c)(3) organization that align with its expanded mission. By acting as the sponsor of affordable housing for low-income elderly and handicapped persons, St Matthews Elderly Housing Inc contributes to improving the quality of life for this vulnerable population. Furthermore, the organization sponsors certain charitable, religious, and educational activities in line with its charitable purpose, further benefiting the community it serves.
This information is meant to be a general summary of St Matthews Elderly 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: $43,605
- Gross Receipts: $43,605
Assets and Liabilities:
- Total Assets: $2,637,210
- Total Liabilities: $0
- Net Assets: $2,637,210
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Organization Details
Founding Year
1986
Phone
(770) 496-0598Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L22 - Housing
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