Overview
What is Miami Beach Senior Citizens Hsg Development Corporation Inc?
Miami Beach Senior Citizens Housing Development Corporation Inc, located in Plantation, Florida, is a nonprofit organization dedicated to providing affordable housing for the elderly and individuals with disabilities. Regulated and supported by the Department of Housing and Urban Development, the corporation operates under the name Council Towers, offering housing solutions that cater to this specific demographic. Their mission is to ensure these individuals have access to safe and comfortable living environments, thereby enriching their overall quality of life.
Official website here: www.ehdoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
The Miami Beach Senior Citizens Housing Development Corporation Inc has received a low rating of 44% from Charity Navigator, indicating significant areas of concern in its accountability and finance practices. While the organization excels in having a fully independent board and effective oversight regarding financial statements, it suffers from critical gaps in governance policies, such as the absence of conflict of interest and whistleblower policies.
One notable strength is that the organization has no material diversion of assets and maintains documentation for its board meeting minutes. However, the financial health of the organization appears weak, as evidenced by a program expense ratio of only 1.10%, suggesting that a minimal portion of its expenses is directed towards program services. This raises questions about the overall effectiveness of its operations and mission fulfillment.
The lack of transparency is further highlighted by missing documents on its website, including the tax form, which is expected for public accountability. Overall, while there are some commendable aspects of governance, the organization is facing significant challenges in financial management and transparency that could impact its credibility and operational success.
This AI summary has been generated from information found on Charity Navigator.
Is Miami Beach Senior Citizens Hsg Development Corporation Inc legitimate?
Miami Beach Senior Citizens Hsg Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miami Beach Senior Citizens Hsg Development Corporation 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
Official website here: www.ehdoc.org
What is the mission statement of Miami Beach Senior Citizens Hsg Development Corporation Inc?
The Miami Beach Senior Citizens Housing Development Corporation Inc is dedicated to providing low-income housing for the elderly and handicapped. This mission is carried out under the regulation and assistance of the Department of Housing and Urban Development. The corporation's primary goal is to ensure that these vulnerable individuals have access to suitable housing, thereby enhancing their quality of life. The corporation's operations are strictly regulated by the Department of Housing and Urban Development to ensure adherence to set standards and guidelines, thereby providing a secure and comfortable living environment for the elderly and handicapped.
Official website here: www.ehdoc.org
Who is the CEO of Miami Beach Senior Citizens Hsg Development Corporation Inc?
Melanie Ribeiro is the Director of Miami Beach Senior Citizens Hsg Development Corporation Inc.
Official website here: www.ehdoc.org
What is the revenue of Miami Beach Senior Citizens Hsg Development Corporation Inc?
Miami Beach Senior Citizens Hsg Development Corporation Inc's revenue in 2022 was $810,772.
Official website here: www.ehdoc.org
Who are the executives of Miami Beach Senior Citizens Hsg Development Corporation Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $296,416
- Related: $0
- Other: $110,501
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.ehdoc.org
Where can I find the form 990 for Miami Beach Senior Citizens Hsg Development Corporation Inc?
Miami Beach Senior Citizens Hsg Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ehdoc.org
Learn more at the official website: www.ehdoc.org
Mission Statement of Miami Beach Senior Citizens Hsg Development Corporation Inc
Miami Beach Senior Citizens Housing Development Corporation Inc is committed to providing low-income housing for the elderly and individuals with disabilities. This nonprofit organization operates under the regulation and assistance of the Department of Housing and Urban Development. Their mission is to create a living environment that caters to the needs of this specific demographic, ensuring they have access to safe and affordable housing. By doing so, they contribute significantly to the well-being and independence of these individuals, enabling them to lead dignified lives.
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Impact
July, 2024
Miami Beach Senior Citizens Hsg Development Corporation Inc provides essential housing services to low-income elderly and handicapped individuals. Through its operation of low-income housing facilities, regulated and assisted by the Department of Housing and Urban Development, the organization plays a crucial role in ensuring that vulnerable populations have access to safe and affordable housing. By focusing on this mission, Miami Beach Senior Citizens Hsg Development Corporation Inc directly contributes to enhancing the quality of life and well-being of those in need within the community.
This information is meant to be a general summary of Miami Beach Senior Citizens Hsg Development Corporation 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: $810,289
- Gross Receipts: $810,772
Assets and Liabilities:
- Total Assets: $30,015,172
- Total Liabilities: $331
- Net Assets: $30,014,841
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Organization Details
Founding Year
1977
Phone
(954) 835-9200Principal Officer
Melanie Ribeiro
Main Address
1200 SOUTH PINE ISLAND ROAD STE 725, PLANTATION, FL, 33324
Website
www.ehdoc.orgNTEE Category
Code: L22 - Housing
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