Overview
What is Menorah Center Inc?
Menorah Center Inc Dba Philip Benjamin Tower is a nonprofit housing facility situated at 250 58th Street North, St. Petersburg, Florida. Established under section 236 of the National Housing Act, its primary mission is to provide affordable living spaces for low to moderate income elderly individuals. Initially regulated by HUD, the facility ceased its regulatory agreement on September 1, 2011, following the repayment of the HUD Section 236 mortgage. However, Menorah Center entered into a new agreement with HUD to continue offering living facilities for low-income elderly or disabled persons until August 31, 2031. Furthermore, the center has a Project-Based Section 8 Housing Assistance Payments (HAP) contract with the St. Petersburg Housing Authority, which began on December 1, 2012, and will extend until November 30, 2027. This contract provides the center with 162 vouchers to assist low-income elderly families. In total, the center employs 13 individuals.
Official website here: www.philipbenjamintower.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Menorah Center Inc, operating as Philip Benjamin Tower, demonstrates a strong commitment to accountability and financial management, reflected in its outstanding Four-Star rating from Charity Navigator. With an impressive score of 96% in Accountability & Finance, the organization showcases its dedication to transparency and responsible stewardship of resources.
The organization excels in several key areas, such as having a fully independent board, rigorous financial audits, and robust policies in place for conflict of interest and whistleblowing. Notably, 92.27% of their expenses are directed toward programs, indicating a focus on delivering value to beneficiaries rather than administrative costs.
While the ratings highlight significant strengths, it's essential for potential donors to consider their specific interests and values when contributing. Overall, Philip Benjamin Tower stands out as a well-managed organization committed to fulfilling its mission effectively and responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Menorah Center Inc legitimate?
Menorah Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Menorah Center 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: $306,950
For more financial information, click here
Official website here: www.philipbenjamintower.org
What is the mission statement of Menorah Center Inc?
Menorah Center Inc Dba Philip Benjamin Tower's mission is centered around providing housing for low to moderate income elderly individuals. Under the National Housing Act, they offer 197 residential apartments. Initially regulated by HUD, their mission continued beyond 2011 due to a HUD Section 236 mortgage payoff, with a commitment to serve low-income elderly or disabled persons until 2031. Additionally, they have entered into a Project-Based Section 8 Housing Assistance Payments contract with the St. Petersburg Housing Authority, which allows them to assist 162 low-income elderly families with vouchers.
Official website here: www.philipbenjamintower.org
Who is the CEO of Menorah Center Inc?
Greg Sembler is the Director of Menorah Center Inc.
Official website here: www.philipbenjamintower.org
What is the revenue of Menorah Center Inc?
Menorah Center Inc's revenue in 2023 was $2,181,299.
Official website here: www.philipbenjamintower.org
Who are the executives of Menorah Center Inc and what are their salaries?
The average compensation at Menorah Center Inc during 2023 was $23,612. There are 13 employees and 12 volunteers at Menorah Center Inc.
Here are 8 key members and their salaries:
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Official website here: www.philipbenjamintower.org
Where can I find the form 990 for Menorah Center Inc?
Menorah Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.philipbenjamintower.org
Learn more at the official website: www.philipbenjamintower.org
Mission Statement of Menorah Center Inc
Menorah Center Inc Dba Philip Benjamin Tower is dedicated to providing housing for individuals who fall under the category of low to moderate income elderly persons. The organization's mission is clearly defined and focused on this specific population group. The Center has a long-term agreement with HUD, requiring it to continue offering living facilities for low-income elderly or disabled individuals until 2031. Beyond this, Menorah Center Inc Dba Philip Benjamin Tower also entered into a Project-Based Section 8 Housing Assistance Payments (HAP) Contract with the St. Petersburg Housing Authority, which has resulted in the provision of 162 vouchers to assist low-income elderly families. This further demonstrates the Center's commitment to ensuring affordable housing for this vulnerable group. In summary, Menorah Center Inc Dba Philip Benjamin Tower is an organization that prioritizes the housing needs of low to moderate income elderly persons, providing them with secure and affordable living accommodations.
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Impact
July, 2024
Menorah Center Inc Dba Philip Benjamin Tower provides essential housing for low to moderate income elderly persons in St. Petersburg, Florida. With 197 residential apartments, the organization offers a safe and affordable living option for this vulnerable population. Through partnerships with HUD and the St. Petersburg Housing Authority, Menorah Center Inc ensures that low-income elderly individuals and families have access to necessary housing assistance. By fulfilling its mission of providing housing for low to moderate income elderly persons, Menorah Center Inc Dba Philip Benjamin Tower positively impacts the lives of its residents by offering them a secure and supportive community to call home.
This information is meant to be a general summary of Menorah Center 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: $7,488
- Program Service Revenue: $2,052,872
- Gross Receipts: $2,181,299
Assets and Liabilities:
- Total Assets: $5,521,967
- Total Liabilities: $1,281,144
- Net Assets: $4,240,823
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Coin Laundry and tenant f
Revenue
$21,100
Tenant Rents
Revenue
$2,031,772
Organization Details
Founding Year
1968
Phone
(727) 347-5191Principal Officer
Greg Sembler
Main Address
250 58th Street North, St Petersburg, FL, 33710
Website
www.philipbenjamintower.orgNTEE Category
Code: L21Z - Housing
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