Overview
What is St James Residence Of The Palm Beaches?
St. James Residence of the Palm Beaches, a West Palm Beach, FL-based nonprofit, is dedicated to offering affordable housing for the elderly community. This retirement home or senior housing program aims to make a difference by ensuring that low-income elderly individuals have access to a safe and comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
St James Residence Of The Palm Beaches has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization's score reflects its strong commitment to governance, as evidenced by its independent board structure, which scores a perfect 8 out of 8 points, and its excellent material diversion of assets rating.
The nonprofit demonstrates a healthy financial management profile, particularly with a solid program expense ratio of 98.95%, suggesting that a significant portion of its funds is directed towards its programs. Additionally, the liabilities to assets ratio stands at 0.00%, indicating no debt, which is a positive sign for financial stability.
However, the overall rating still suggests room for improvement in areas that may not have been explicitly detailed in the available data. Potential donors should consider these strengths along with any limitations reflected in the lower rating when evaluating the organization’s overall impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St James Residence Of The Palm Beaches legitimate?
St James Residence Of The Palm Beaches is a legitimate nonprofit organization registered as a 501(c)(3) entity. St James Residence Of The Palm Beaches 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:
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What is the mission statement of St James Residence Of The Palm Beaches?
St James Residence of the Palm Beaches is a senior housing program dedicated to providing affordable lodgings for the elderly population. The organization's primary goal is to ensure that elderly individuals, who may be facing financial challenges, have access to safe and comfortable housing. In essence, St James Residence offers a sanctuary where the elderly can reside with dignity and security, irrespective of their financial circumstances.
Beyond just offering housing, the program aims to build a supportive community for its residents. By providing a nurturing environment, the organization fosters a sense of belonging and camaraderie among its residents. These efforts extend beyond the physical space, with the organization also offering various social and recreational activities to keep its residents engaged and active.
In summary, St James Residence of the Palm Beaches serves as a beacon of hope for the elderly who are facing financial hardships. Its mission is to ensure they have access to decent, affordable housing and a supportive community, allowing them to live their later years with dignity and peace of mind.
Who is the CEO of St James Residence Of The Palm Beaches?
Rev Paul Rasmus is the Board Member of St James Residence Of The Palm Beaches.
What is the revenue of St James Residence Of The Palm Beaches?
St James Residence Of The Palm Beaches's revenue in 2021 was $38,104,096.
Who are the executives of St James Residence Of The Palm Beaches and what are their salaries?
Here are 17 key members and their salaries:
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Where can I find the form 990 for St James Residence Of The Palm Beaches?
St James Residence Of The Palm Beaches's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of St James Residence Of The Palm Beaches
St. James Residence of the Palm Beaches is a dedicated retirement home in Florida, whose primary objective is to extend a helping hand to the elderly population in need. By providing low-income housing, this noble organization ensures that the elderly community has a safe and affordable place to call home. The mission of St. James Residence of the Palm Beaches is twofold: not only does it offer shelter, but it also fosters an environment that caters to the unique needs of its elderly residents.
The organization's commitment to the elderly extends beyond the provision of housing. It creates an inclusive community where seniors can thrive, fostering social connections and promoting a sense of belonging. The team at St. James Residence of the Palm Beaches goes above and beyond to ensure that their residents are well taken care of, offering them the necessary support and resources to lead comfortable and fulfilling lives.
St. James Residence of the Palm Beaches stands as a beacon of hope for the elderly population, offering them a place to call home while alleviating the financial burden of housing. Its mission is a testament to the organization's compassion and dedication to the elderly community, providing them with the security and stability that they deserve.
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Impact
October, 2024
St. James Residence of the Palm Beaches plays a crucial role in enhancing the quality of life for elderly individuals by providing affordable housing solutions in West Palm Beach, FL. By focusing on low-income housing, it ensures that seniors have access to safe and supportive living environments, which is essential for their well-being. This initiative not only alleviates financial burdens but also fosters a sense of community among residents, promoting social interaction and support networks that are vital for mental and emotional health. With its commitment to serving the elderly population, St. James Residence contributes significantly to the stability and dignity of seniors in the area, helping them maintain their independence while receiving the care and resources they need.
This information is meant to be a general summary of St James Residence Of The Palm Beaches. 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 2021.
- Investment Income: $36,628,157
- Program Service Revenue: $1,475,939
- Gross Receipts: $41,478,472
Assets and Liabilities:
- Total Assets: $94,288
- Total Liabilities: $0
- Net Assets: $94,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$274,464
MISCELLANEOUS REVENUE
Revenue
$10,302
LAUNDRY & VENDING
Revenue
$3,664
Organization Details
Founding Year
1981
Phone
(205) 933-1020Principal Officer
Rev Paul Rasmus
Main Address
208 FERN STREET, WEST PALM BEACH, FL, 33401
NTEE Category
Code: L22 - Housing
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