Overview
What is Ascension Housing Inc?
Ascension Housing Inc, based in Tampa, Florida, is a nonprofit organization with a mission to offer affordable housing and related services to very low-income elderly individuals. They manage a 76-unit apartment complex, known as Ascension Manor, under Section 202 of the National Housing Act. This complex plays a crucial role in providing shelter and necessary support to its elderly residents. With a small workforce of four employees, Ascension Housing Inc continues its mission to enhance the living conditions and well-being of the elderly community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Ascension Housing Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94% in overall accountability, indicating robust financial health and transparency in operations. This rating is particularly noteworthy as it is based solely on the Accountability & Finance beacon, underscoring Ascension Housing's commitment to responsible management of resources.
The nonprofit demonstrates thorough governance practices, with a fully independent board consisting of 11 members. The organization excels in several key areas, including an impeccable score for its conflict of interest policy and a comprehensive whistleblower policy. Additionally, there are no reported diversions of assets, which further enhances its credibility and trust among donors and stakeholders.
Despite its strengths, the data does not highlight any specific limitations or areas for improvement. Ascension Housing's program expense ratio is high at 89.38%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. Overall, the strong financial practices and governance structures in place make Ascension Housing Inc a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Ascension Housing Inc legitimate?
Ascension Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascension 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: $155,892
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What is the mission statement of Ascension Housing Inc?
Ascension Housing Inc, as the owner of a HUD-subsidized apartment complex, is dedicated to providing affordable housing and related services to very low-income elderly individuals. Their mission is to enhance the living conditions and support system for this specific demographic, ensuring they can maintain a decent standard of life. The organization operates a 76-unit apartment complex under Section 202 of the National Housing Act, specifically catering to low-income elderly persons.
Who is the CEO of Ascension Housing Inc?
Gary Tester is the Chair of Ascension Housing Inc.
What is the revenue of Ascension Housing Inc?
Ascension Housing Inc's revenue in 2023 was $605,756.
Who are the executives of Ascension Housing Inc and what are their salaries?
The average compensation at Ascension Housing Inc during 2023 was $38,973. There are 4 employees at Ascension Housing Inc.
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Where can I find the form 990 for Ascension Housing Inc?
Ascension Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ascension Housing Inc
Ascension Housing Inc, as the owner of a HUD-subsidized apartment complex, is dedicated to providing affordable housing and related services to very low-income elderly individuals. Their mission is centered around ensuring that elderly people have access to decent living accommodations at a price they can afford. The organization manages a 76-unit apartment complex under Section 202 of the National Housing Act, specifically designed for low-income elderly persons. By offering this service, Ascension Housing Inc is contributing to the well-being and dignity of the elderly population, providing them with a secure and comfortable living environment.
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Impact
July, 2024
Ascension Housing Inc's impact is significant in providing affordable housing and related services to very low-income elderly individuals in Tampa, Florida. Through its ownership of a HUD-subsidized apartment complex, Ascension Housing Inc offers 76 units under Section 202 of the National Housing Act specifically designed for this vulnerable population. By fulfilling its mission, Ascension Housing Inc plays a crucial role in ensuring that low-income elderly individuals have access to safe and affordable housing, enhancing their quality of life and overall well-being.
This information is meant to be a general summary of Ascension 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: $167
- Program Service Revenue: $248,402
- Gross Receipts: $605,756
Assets and Liabilities:
- Total Assets: $2,001,210
- Total Liabilities: $132,320
- Net Assets: $1,868,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$248,402
Organization Details
Founding Year
1992
Phone
(727) 578-1174Principal Officer
Gary Tester
Main Address
5300 W CYPRESS STREET, TAMPA, FL, 33607
NTEE Category
Code: L21 - Housing
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