Overview
What is St Michael's Housing Inc?
St. Michael's Housing Inc. is a nonprofit organization located at 6363 Ninth Avenue North, St. Petersburg, Florida (FL 33710). This organization is dedicated to providing affordable housing and essential services to low-income elderly and/or handicapped individuals. As a HUD-subsidized and regulated apartment complex, St. Michael's Housing Inc. operates under Section 223(F) of the National Housing Act. With a mission to enhance the quality of life for its residents, it offers a Section 8 rent subsidy program, ensuring that housing remains affordable for its community. The organization, known as Casa Miguel, currently employs a team of seven individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
St Michael's Housing Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 79%. This rating indicates a commitment to transparency and responsible financial management, with the score derived entirely from the organization's performance in this area. The nonprofit has effectively demonstrated strong oversight and governance practices, as evidenced by its independent board members and comprehensive financial policies.
The organization scores particularly well in various governance metrics, achieving full points for having 100% independent board members and a well-sized board. Additionally, it has robust audit and oversight practices, with no reported material diversion of assets. Policies addressing conflicts of interest, whistleblower protections, and document retention further bolster its accountability framework.
However, while the financial health indicators are positive, the rating suggests that there may be room for improvement in areas related to program service delivery and overall impact metrics. Future evaluations may benefit from additional focus on how effectively the nonprofit translates its financial management into tangible outcomes for the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is St Michael's Housing Inc legitimate?
St Michael's Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Michael'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: $149,112
For more financial information, click here
What is the mission statement of St Michael's Housing Inc?
St. Michael's Housing Inc. is dedicated to providing affordable housing and additional services for low-income elderly and/or handicapped individuals. Operating under HUD regulations, this organization aims to serve as a subsidized apartment complex that caters to the specific needs of this vulnerable population. The mission of St. Michael's Housing Inc. is to ensure that these individuals have access to suitable housing, thus improving their quality of life. The complex, comprised of 82 apartments, operates under Section 223(F) of the National Housing Act and offers Section 8 rent subsidies to eligible residents.
Who is the CEO of St Michael's Housing Inc?
James Wayne is the President of St Michael's Housing Inc.
What is the revenue of St Michael's Housing Inc?
St Michael's Housing Inc's revenue in 2022 was $1,080,171.
Who are the executives of St Michael's Housing Inc and what are their salaries?
The average compensation at St Michael's Housing Inc during 2022 was $21,302. There are 7 employees at St Michael's Housing Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $80,767
- Other: $13,009
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Michael's Housing Inc?
St Michael's Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Michael's Housing Inc
St. Michael's Housing Inc, as a HUD-subsidized and regulated apartment complex, is dedicated to providing affordable housing and additional services to low-income elderly and/or handicapped individuals. The organization's mission is centered around ensuring that these vulnerable groups have access to a living space that is within their financial means, thereby improving their overall quality of life.
At the heart of St. Michael's Housing Inc's operations is the provision of 82 apartments, specifically designed for low-income elderly persons. These residences fall under Section 223(F) of the National Housing Act and are subject to HUD regulation. The apartment complex also provides Section 8 rent subsidies, further easing the financial burden on its residents. By offering affordable housing, St. Michael's Housing Inc plays a significant role in promoting independence and dignity for its tenants, enabling them to focus on their well-being and personal growth.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
St Michael's Housing Inc's impact is significant in providing affordable housing and essential services to low-income elderly and/or handicapped individuals in St. Petersburg, FL. With 82 apartments specifically designated for this purpose under Section 223(f) of the National Housing Act, this organization plays a crucial role in ensuring that vulnerable populations have access to safe and secure housing. Additionally, by participating in HUD-regulated programs and offering Section 8 rent subsidies, St Michael's Housing Inc helps alleviate financial burdens for those in need. Overall, the organization's mission underscores its commitment to addressing the housing challenges faced by low-income elderly and handicapped individuals, making a positive impact on their quality of life and well-being.
This information is meant to be a general summary of St Michael'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: $5,780
- Program Service Revenue: $236,975
- Gross Receipts: $1,080,171
Assets and Liabilities:
- Total Assets: $2,468,201
- Total Liabilities: $7,279,163
- Net Assets: -$4,810,962
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$236,975
Organization Details
Founding Year
1982
Phone
(727) 797-8551Principal Officer
James Wayne
Main Address
6363 NINTH AVENUE NORTH, ST PETERSBURG, FL, 33710
NTEE Category
Code: L21 - Housing
If you are a representative of St Michael's Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.