Overview
What is Regency Senior Housing Inc?
Regency Senior Housing Inc, based in Atlanta, Georgia, is a nonprofit organization with a compelling mission. They oversee and manage a 75-unit apartment complex, specifically designed to offer affordable housing options for the elderly and self-sufficient individuals with disabilities. Aligned with the US Department of HUD Section 202 Housing program requirements, their primary goal is to provide a safe and comfortable living environment for this specific demographic, thus contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Regency Senior Housing Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94%, the organization demonstrates a commitment to transparency, evidenced by its fully independent board members and robust financial oversight mechanisms.
The nonprofit showcases strong financial health, as illustrated by its low liabilities to assets ratio of 5.03% and a program expense ratio of 85.19%. This indicates that a significant portion of its funds is directed towards fulfilling its mission, ensuring that donors' contributions are effectively used for programming rather than administrative costs.
While the organization excels in governance and financial management, it is important for potential donors and beneficiaries to remain informed about ongoing operational enhancements and the impact of services provided. Overall, Regency Senior Housing Inc appears to be a reliable choice for those interested in supporting senior housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Regency Senior Housing Inc legitimate?
Regency Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regency Senior 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: $117,099
For more financial information, click here
What is the mission statement of Regency Senior Housing Inc?
Regency Senior Housing Inc's mission is centered around providing affordable housing for the elderly and self-sufficient handicapped. They operate and maintain a 75-unit apartment complex with this objective in mind. The organization's mission aligns with the requirements of the US Department of HUD Section 202 Housing program, aiming to cater to this specific demographic's housing needs. Their primary goal is to ensure that affordable housing options are available, thereby contributing to the well-being of the elderly and handicapped population.
Who is the CEO of Regency Senior Housing Inc?
Gerald Eickhoff is the President of Regency Senior Housing Inc.
What is the revenue of Regency Senior Housing Inc?
Regency Senior Housing Inc's revenue in 2022 was $675,697.
Who are the executives of Regency Senior Housing Inc and what are their salaries?
There 7 volunteers at Regency Senior Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Regency Senior Housing Inc?
Regency Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Regency Senior Housing Inc
Regency Senior Housing Inc, a nonprofit organization, is dedicated to providing affordable housing for the elderly and self-sufficient handicapped. Their mission aligns with the requirements of the US Department of HUD Section 202 Housing program. The organization operates and maintains a 75-unit apartment complex, serving as a safe and affordable home for this particular demographic. Regency Senior Housing Inc's mission is to ensure that elderly and handicapped individuals have access to suitable housing, thereby enhancing their quality of life.
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Impact
July, 2024
Regency Senior Housing Inc's impact lies in providing essential affordable housing for the elderly and self-sufficient handicapped individuals in Atlanta, GA. Through its 75-unit apartment complex, Regency Senior Housing Inc fulfills the US Department of HUD Section 202 Housing program requirements, ensuring that this vulnerable population has access to safe and comfortable living arrangements. By offering affordable housing options, Regency Senior Housing Inc contributes to enhancing the quality of life for seniors and disabled individuals in the Atlanta community.
This information is meant to be a general summary of Regency Senior 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: $11
- Program Service Revenue: $671,630
- Gross Receipts: $675,697
Assets and Liabilities:
- Total Assets: $1,767,974
- Total Liabilities: $89,040
- Net Assets: $1,678,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$671,630
Organization Details
Founding Year
1987
Phone
(678) 330-2000Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L22 - Housing
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