Overview
What is St Mark's Housing Of Venice Inc?
St. Mark's Housing of Venice Inc. is a nonprofit organization situated in Venice, Florida. Their primary focus is to provide affordable housing for low-income elderly individuals, adhering to Section 202 regulations under the Department of Housing and Urban Development. The organization, known as Villa San Marcos, is a HUD-subsidized and regulated apartment complex. Its mission is to offer more than just housing; they aim to provide additional services to the qualified elderly population in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
St Mark's Housing Of Venice Inc has achieved a high rating of 94%, reflecting a strong commitment to accountability and finance. The rating is based solely on the Accountability & Finance score, indicating that the organization meets rigorous standards in financial management and transparency. A four-star rating is a testament to its effectiveness and reliability as a nonprofit.
The organization boasts a fully independent board, with 100% of its members meeting the criteria for independence. This strong governance structure is complemented by excellent scores in various areas, including financial oversight and compliance. St Mark's Housing Of Venice Inc has established robust policies for conflict of interest, whistleblower protections, and document retention, further enhancing its credibility.
One of the notable strengths is its financial health, with a program expense ratio of 100%, indicating that all funds are dedicated to its programs rather than administrative costs. Additionally, the organization has no recorded material diversion of assets, which underscores its commitment to ethical practices. Overall, St Mark's Housing Of Venice Inc is positioned as a trustworthy and effective nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is St Mark's Housing Of Venice Inc legitimate?
St Mark's Housing Of Venice Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mark's Housing Of Venice 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: $104,740
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What is the mission statement of St Mark's Housing Of Venice Inc?
St. Mark's Housing of Venice Inc. is committed to providing affordable housing and additional services to eligible low-income elderly individuals. As a HUD-subsidized and regulated apartment complex, their mission is to cater to this specific demographic, ensuring they have access to secure and reasonably priced living spaces. The organization offers 80 such units, which fall under Section 202 of the Department of Housing and Urban Development.
Who is the CEO of St Mark's Housing Of Venice Inc?
Reverand John Costello is the Director of St Mark's Housing Of Venice Inc.
What is the revenue of St Mark's Housing Of Venice Inc?
St Mark's Housing Of Venice Inc's revenue in 2023 was $709,558.
Who are the executives of St Mark's Housing Of Venice Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for St Mark's Housing Of Venice Inc?
St Mark's Housing Of Venice Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Mark's Housing Of Venice Inc
St. Mark's Housing of Venice Inc, as a HUD-subsidized and regulated apartment complex, is dedicated to providing affordable housing and essential services to qualified low-income elderly persons. Their mission is twofold: firstly, they aim to make housing accessible for this specific demographic, and secondly, they offer additional support services to enhance their residents' quality of life.
With 80 apartment units, St. Mark's Housing of Venice Inc, under Section 202 of the Department of Housing and Urban Development, provides a safe and affordable living space for the elderly. Beyond housing, the organization ensures that its residents have access to necessary resources, furthering its commitment to elderly support. However, specific details about the nature of these additional services are not provided in the information provided.
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Impact
July, 2024
St Mark's Housing Of Venice Inc provides a crucial service by offering affordable housing to low-income elderly persons in Venice, Florida. With 80 apartment units subsidized under Section 202 of the Department of Housing and Urban Development, this organization plays a vital role in addressing the housing needs of vulnerable populations. By ensuring that qualified individuals have access to safe and affordable housing, St Mark's Housing Of Venice Inc contributes to enhancing the quality of life for elderly individuals who may struggle to find suitable accommodation options.
This information is meant to be a general summary of St Mark's Housing Of Venice 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: $794
- Program Service Revenue: $708,764
- Gross Receipts: $709,558
Assets and Liabilities:
- Total Assets: $3,100,613
- Total Liabilities: $97,815
- Net Assets: $3,002,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$703,162
COIN LAUNDRY/MISCELLANEOUS
Revenue
$5,602
Organization Details
Founding Year
2000
Phone
(941) 484-9543Principal Officer
Reverand John Costello
Main Address
1030 ALBEE FARM ROAD, VENICE, FL, 34292
NTEE Category
Code: L22 - Housing
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