Overview
What is Elderly Housing Management Corp?
Elderly Housing Management Corp, situated in Jacksonville Beach, Florida, serves as a management entity for two nonprofit organizations, Beaches Christian Services Corp Inc and Beaches Elderly Housing Corp. Recognized as exempt from federal income tax under Section 501C3, these organizations own and operate apartment complexes that provide affordable housing for low-income elderly individuals, as defined by the Department of Housing and Urban Development. With a workforce of 54 employees, Elderly Housing Management Corp plays a crucial role in ensuring these elderly residents have access to suitable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Elderly Housing Management Corp has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in its accountability and finance practices. The organization scored particularly well in areas such as independent board governance, with 100% of board members being independent and a strong performance in financial metrics, including a low liabilities to assets ratio of 6.62%.
The organization demonstrates a commitment to transparency and responsible management, as evidenced by its robust conflict of interest policy and thorough documentation practices. With a program expense ratio of 84.77%, the majority of its expenditures are directed towards its programs, indicating a strong focus on its mission to support elderly housing.
While the overall rating is commendable, potential donors and stakeholders may want to consider the single beacon score as a limiting factor in the overall assessment. Additional insights into program effectiveness and impact could enhance understanding of the organization's broader contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Elderly Housing Management Corp legitimate?
Elderly Housing Management Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elderly Housing Management Corp 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: $1,123,041
For more financial information, click here
What is the mission statement of Elderly Housing Management Corp?
Elderly Housing Management Corp's mission is centered around providing management services. Specifically, it assists Beaches Christian Service Corp Inc and Beaches Elderly Housing Corp, two Florida-based not-for-profit corporations and organizations exempt from federal income tax under 501C3. These organizations own and operate apartment complexes, offering rental housing for low-income elderly individuals, as defined by the Department of Housing and Urban Development. By offering management services, Elderly Housing Management Corp plays a crucial role in ensuring these elderly residents have access to affordable housing.
Who is the CEO of Elderly Housing Management Corp?
David Linger is the Secretary of Elderly Housing Management Corp.
What is the revenue of Elderly Housing Management Corp?
Elderly Housing Management Corp's revenue in 2023 was $1,727,096.
Who are the executives of Elderly Housing Management Corp and what are their salaries?
The average compensation at Elderly Housing Management Corp during 2023 was $20,797. There are 54 employees at Elderly Housing Management Corp.
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Where can I find the form 990 for Elderly Housing Management Corp?
Elderly Housing Management Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Elderly Housing Management Corp
Elderly Housing Management Corp, a nonprofit organization recognized as exempt from federal income tax under 501C3, dedicates its mission to providing management services for two other Florida-based organizations: Beaches Christian Service Corp and Beaches Elderly Housing Corp. These organizations operate apartment complexes that cater to low-income elderly individuals, as defined by the Department of Housing and Urban Development. Therefore, Elderly Housing Management Corp plays a crucial role in ensuring the smooth operation and maintenance of these housing facilities, thereby contributing to the well-being of the elderly population in need.
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Impact
July, 2024
Elderly Housing Management Corp's impact is focused on providing crucial management services to Beaches Christian Service Corp Inc and Beaches Elderly Housing Corp in Jacksonville Beach, Florida. These organizations, which are recognized as exempt from federal income tax under 501(c)(3), own and operate apartment complexes that offer affordable housing for rent to low-income elderly individuals as defined by the Department of Housing and Urban Development. By efficiently managing these housing complexes, Elderly Housing Management Corp plays a vital role in ensuring that elderly individuals in need have access to safe and affordable housing options, ultimately contributing to the well-being and security of this vulnerable population.
This information is meant to be a general summary of Elderly Housing Management Corp. 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: $1,096
- Gross Receipts: $1,727,096
Assets and Liabilities:
- Total Assets: $791,291
- Total Liabilities: $52,401
- Net Assets: $738,890
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Organization Details
Founding Year
2004
Principal Officer
David Linger
Main Address
115 THIRD STREET SOUTH, JACKSONVILLE BEACH, FL, 32250
NTEE Category
Code: L20 - Housing
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