Overview
What is Holy Cross Housing Inc?
Holy Cross Housing Inc, also known as Casa Santa Cruz, is a nonprofit organization situated in St. Petersburg, Florida. The primary purpose of this organization, as per the National Housing Act, is to provide 76 residential apartments for low-income elderly individuals. Regulated by the HUD, this apartment complex is committed to offering affordable housing and additional services to eligible elderly residents. The mission of Holy Cross Housing Inc is to contribute positively to the lives of its residents, ensuring they have access to essential housing needs. With a dedicated workforce of five employees, the organization strives to uphold its mission and provide a supportive living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Holy Cross Housing Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94%, the organization demonstrates high transparency and effective financial management. The charity's board is composed entirely of independent members, ensuring unbiased governance and oversight, which is a significant strength in maintaining donor trust.
The organization excels in maintaining low liabilities relative to its assets, with a ratio of just 2.82%. Additionally, Holy Cross Housing has a high program expense ratio of 87.93%, indicating that a substantial portion of its funds is directed towards fulfilling its mission and supporting its programs. The charity implements solid policies, including those for conflict of interest and whistleblower protections, further evidencing its commitment to ethical practices.
No notable limitations were identified in the data, which suggests that Holy Cross Housing Inc operates effectively and responsibly within the nonprofit sector. Overall, the organization appears to be a reliable choice for potential donors looking to support a cause with a proven track record of accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Cross Housing Inc legitimate?
Holy Cross Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Cross 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: $94,154
For more financial information, click here
What is the mission statement of Holy Cross Housing Inc?
Holy Cross Housing Inc, as a HUD-subsidized and regulated apartment complex, is committed to providing affordable housing and additional services to qualified low-income elderly individuals. The organization's mission is to cater to the housing needs of this specific demographic, ensuring they have access to suitable accommodations. By operating under Section 202 of the National Housing Act, Holy Cross Housing Inc provides residential apartments for 76 elderly residents, all under HUD regulation.
Who is the CEO of Holy Cross Housing Inc?
James Wayne is the President of Holy Cross Housing Inc.
What is the revenue of Holy Cross Housing Inc?
Holy Cross Housing Inc's revenue in 2023 was $619,570.
Who are the executives of Holy Cross Housing Inc and what are their salaries?
The average compensation at Holy Cross Housing Inc during 2023 was $18,831. There are 5 employees at Holy Cross Housing Inc.
Here are 7 key members and their salaries:
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- Related: $80,767
- Other: $13,009
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- Other: $0
Where can I find the form 990 for Holy Cross Housing Inc?
Holy Cross Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Holy Cross Housing Inc
Holy Cross Housing Inc, a HUD-subsidized and regulated apartment complex, is dedicated to serving the needs of qualified low-income elderly persons. Their mission is twofold: firstly, to provide affordable housing, and secondly, to offer additional services to these individuals. With 76 residential apartments under Section 202 of the National Housing Act, Holy Cross Housing Inc plays a significant role in facilitating comfortable living circumstances for its elderly residents. The organization is regulated by HUD, ensuring that it adheres to strict standards of affordability and quality, thereby contributing to the well-being of its elderly inhabitants.
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Impact
July, 2024
Holy Cross Housing Inc's impact is evident through the provision of 76 residential apartments to low-income elderly persons in St. Petersburg, FL. By operating as a HUD subsidized and regulated apartment complex, they ensure that qualified individuals have access to affordable housing and essential services. This initiative directly addresses the housing needs of vulnerable elderly individuals, contributing to their well-being and quality of life.
This information is meant to be a general summary of Holy Cross 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 2023.
- Investment Income: $1,454
- Program Service Revenue: $233,626
- Gross Receipts: $619,570
Assets and Liabilities:
- Total Assets: $1,943,187
- Total Liabilities: $54,973
- Net Assets: $1,888,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$233,626
Organization Details
Founding Year
1993
Phone
(727) 541-2631Principal Officer
James Wayne
Main Address
6363 9TH AVE NORTH, ST PETERSBURG, FL, 33710
NTEE Category
Code: L22 - Housing
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