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Senior Housing Alternatives Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 593763503 ✦ Chattanooga, TN ✦ Designated as a 501(c)(3)

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Overview

What is Senior Housing Alternatives Inc?

Senior Housing Alternatives Inc, situated in Chattanooga, Tennessee, is a dedicated nonprofit organization that specializes in senior supportive residential care. Their primary objective is to operate a senior living center, providing a supportive environment for elderly individuals. The organization's mission involves facilitating a comfortable and nurturing living space for seniors, ensuring their well-being and quality of life. While the information provided is limited, it is evident that Senior Housing Alternatives Inc is committed to the well-being and care of senior citizens in their community.


Official website here: www.summitview.info

What are the reviews and ratings of this charity?

Charity Navigator Rating 73% - Two-Star out of Four Star rating

Senior Housing Alternatives Inc has received a Two-Star rating from Charity Navigator, indicating a moderate performance in terms of accountability and finance. The organization demonstrates strengths in having a fully independent board and maintaining a low liabilities to assets ratio, which reflects financial stability. Additionally, all of its program expenses are dedicated entirely to its mission, showing commitment to effectiveness.

However, the organization faces challenges in its accountability practices. It lacks several key policies, such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which could raise concerns regarding governance and transparency. Furthermore, the absence of financial statements limits the ability to fully assess its financial health and operational practices.

While Senior Housing Alternatives Inc is committed to its mission, the noted deficiencies in accountability policies may hinder its overall impact and trustworthiness in the eyes of potential donors. Addressing these limitations could enhance its rating and support from the community.


This AI summary has been generated from information found on Charity Navigator.

Is Senior Housing Alternatives Inc legitimate?

Senior Housing Alternatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Housing Alternatives 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: $1,407,186

For more financial information, click here


Official website here: www.summitview.info

What is the mission statement of Senior Housing Alternatives Inc?

Senior Housing Alternatives Inc. is committed to operating a senior living center, serving as a supportive residential facility for elderly individuals. Their mission is centered around providing a living environment for seniors, ensuring their well-being and care. The organization's primary goal is to manage and operate a senior living center, offering a suitable living space for the elderly. The focus is on maintaining a senior-friendly environment, ensuring the comfort and care of its residents.


Official website here: www.summitview.info

Who is the CEO of Senior Housing Alternatives Inc?

Melanie Adair is the Secretarytreasurer of Senior Housing Alternatives Inc.


Official website here: www.summitview.info

What is the revenue of Senior Housing Alternatives Inc?

Senior Housing Alternatives Inc's revenue in 2021 was $3,406,155.


Official website here: www.summitview.info

Who are the executives of Senior Housing Alternatives Inc and what are their salaries?

The average compensation at Senior Housing Alternatives Inc during 2021 was $16,363. There are 86 employees at Senior Housing Alternatives Inc.


Here are 3 key members and their salaries:


Terry Williams (Secretarytreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Adair (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melanie Adair (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.summitview.info

Where can I find the form 990 for Senior Housing Alternatives Inc?

Senior Housing Alternatives Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.summitview.info

Learn more at the official website: www.summitview.info

Mission Statement of Senior Housing Alternatives Inc

Senior Housing Alternatives, a nonprofit organization, is dedicated to operating a senior living center. Their mission is centered around providing supportive residential care for the elderly. The organization aims to create an environment where seniors can live comfortably and receive the necessary care they require. By operating a senior living center, Senior Housing Alternatives contributes to the well-being of the elderly population, ensuring they have a safe and nurturing environment to call home.

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Impact




July, 2024

Senior Housing Alternatives Inc's impact can be seen in the provision of senior supportive residential care services in Chattanooga, TN. By operating a senior living center, they are able to meet the needs of elderly individuals in the community who require assistance and support in their daily lives. This organization plays a crucial role in ensuring that seniors have a safe and comfortable living environment where they can receive the care they need. Their presence contributes to the overall well-being and quality of life of seniors in Chattanooga.




This information is meant to be a general summary of Senior Housing Alternatives 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.

Revenue
$3,406,155 (2021)
Expenses
$3,304,577 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $3,103,512
  • Gross Receipts: $3,406,155

Assets and Liabilities:

  • Total Assets: $926,416
  • Total Liabilities: $211,321
  • Net Assets: $715,095

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SENIORS ROOM RENTALS

Revenue

$3,103,512

Organization Details

Founding Year

2003

Principal Officer

Melanie Adair

Main Address

825 RUNYAN, CHATTANOOGA, TN, 37405

NTEE Category

Code: P75 - Human services

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