Overview
What is St Martha's Housing Inc?
St. Martha's Housing Inc., operating under the name Casa Santa Marta, is a nonprofit organization situated in Sarasota, Florida, specifically at 1576 8th Street. Their primary mission is to provide subsidized housing for low-income seniors, in compliance with HUD regulations. They manage 78 residential rental apartments, which are exclusively intended for individuals with limited financial resources. This vital service aids in the enhancement of living conditions for this specific demographic.
Official website here: www.casasantamartasarasota.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. St Martha's Housing Inc demonstrates a solid performance in accountability and finance, achieving an overall score of 81%. The organization prides itself on a fully independent board, with all eight members meeting the criteria for independence. Their financial practices are particularly strong, as evidenced by a perfect score in audit and no material diversion of assets.
The charity's commitment to transparency is notable, with policies in place for conflicts of interest and whistleblower protections. Additionally, they maintain well-documented board meeting minutes, which reinforces their governance practices. St Martha's Housing Inc also utilizes a high percentage of its expenses for program services, with a remarkable program expense ratio of 91.02%, indicating efficient use of resources towards their mission.
While the organization shows numerous strengths in financial management and accountability, the three-star rating suggests that there is room for improvement in certain areas. Continued efforts to enhance operational effectiveness and broaden their impact could further elevate their standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is St Martha's Housing Inc legitimate?
St Martha's Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Martha's 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: $295,549
For more financial information, click here
Official website here: www.casasantamartasarasota.com/
What is the mission statement of St Martha's Housing Inc?
St. Martha's Housing Inc. is dedicated to providing subsidized housing for low-income seniors. Their primary mission is to offer housing solutions within the scope of the U.S. Department of Housing and Urban Development's (HUD) guidelines. The organization operates 78 apartment units, specifically designed for the occupancy of financially disadvantaged elderly individuals. By offering this service, St. Martha's Housing Inc. aims to contribute to the well-being and housing security of senior citizens with limited financial means.
Official website here: www.casasantamartasarasota.com/
Who is the CEO of St Martha's Housing Inc?
Reverend George Suszko is the President of St Martha's Housing Inc.
Official website here: www.casasantamartasarasota.com/
What is the revenue of St Martha's Housing Inc?
St Martha's Housing Inc's revenue in 2022 was $1,403,016.
Official website here: www.casasantamartasarasota.com/
Who are the executives of St Martha's Housing Inc and what are their salaries?
There 9 volunteers at St Martha's Housing Inc.
Here are 9 key members and their salaries:
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Official website here: www.casasantamartasarasota.com/
Where can I find the form 990 for St Martha's Housing Inc?
St Martha's Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.casasantamartasarasota.com/
Learn more at the official website: www.casasantamartasarasota.com/
Mission Statement of St Martha's Housing Inc
St. Martha's Housing Inc. is dedicated to providing subsidized housing for low-income seniors. This mission is carried out through the operation of 78 residential rental apartments, specifically designed for the occupancy of financially disadvantaged elderly individuals. The organization plays a crucial role in offering affordable housing solutions to this vulnerable population, thereby contributing to their overall well-being and stability. By providing subsidized housing, St. Martha's Housing Inc. enables low-income seniors to maintain an independent living environment, thereby promoting their dignity and self-reliance.
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Impact
July, 2024
St Martha's Housing Inc's impact lies in providing HUD subsidized housing for low-income seniors in Sarasota, FL. Through the operation of 78 residential rental apartments specifically designated for this demographic, St Martha's Housing Inc plays a crucial role in addressing the housing needs of low-income individuals, particularly seniors. This organization ensures that these vulnerable members of the community have access to affordable and stable housing, promoting their well-being and quality of life.
This information is meant to be a general summary of St Martha's 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: $2,991
- Program Service Revenue: $222,096
- Gross Receipts: $1,403,016
Assets and Liabilities:
- Total Assets: $4,085,185
- Total Liabilities: $5,219,512
- Net Assets: -$1,134,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT REVENUE
Revenue
$222,096
Organization Details
Founding Year
1980
Phone
(205) 933-1020Principal Officer
Reverend George Suszko
Main Address
1576 8TH STREET, SARASOTA, FL, 34236
NTEE Category
Code: L22 - Housing
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