Overview
What is St Theresa's Inc?
St. Theresa's Inc, a nonprofit organization, is located in Lafayette, Louisiana. Their primary mission is to manage a housing complex that is subsidized by the HUD, providing affordable accommodation for individuals with low income. This initiative aims to support the community by offering housing solutions within their financial means. The organization's focus is on providing a secure and comfortable living space for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
St Theresa's Inc has achieved an impressive rating of 87% from Charity Navigator, reflecting strong accountability and financial health. The organization boasts a 100% independent board, with all seven members meeting the independence criteria, enhancing its governance. It has also demonstrated robust financial practices, with a zero material diversion of assets and a low liabilities to assets ratio of just 2.77%.
The charity excels in its program expenses, allocating 100% of its expenses directly to its mission, indicating a strong commitment to effective service delivery. Additionally, St Theresa's has solid policies in place for conflict of interest and document retention, both critical for maintaining transparency and trust within the organization.
While the rating signifies a well-managed nonprofit, it is important for potential donors and supporters to stay informed about ongoing operational effectiveness and the impact of its programs. Overall, St Theresa's Inc presents itself as a reliable organization with sound governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is St Theresa's Inc legitimate?
St Theresa's Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Theresa's 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: $21,046
For more financial information, click here
What is the mission statement of St Theresa's Inc?
St. Theresa's Inc is dedicated to the operation of a HUD-subsidized low-income housing complex. This mission involves providing affordable housing solutions for individuals with limited financial resources. By managing this housing complex, St. Theresa's Inc contributes to promoting residential stability and accessibility for those in need. The organization ensures compliance with HUD regulations to maintain the quality and affordability of the housing units, thereby contributing to the overall well-being and living standards of its residents.
Who is the CEO of St Theresa's Inc?
Bishop J Douglas Deshotel is the President of St Theresa's Inc.
What is the revenue of St Theresa's Inc?
St Theresa's Inc's revenue in 2023 was $166,148.
Who are the executives of St Theresa's Inc and what are their salaries?
There 7 volunteers at St Theresa's Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for St Theresa's Inc?
St Theresa's Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Theresa's Inc
St. Theresa's Inc is dedicated to the operation of a HUD-subsidized low-income housing complex. This mission involves providing affordable housing solutions for individuals and families who fall within the income bracket eligible for such subsidies. By operating this housing complex, St. Theresa's Inc aims to contribute to the community by ensuring that a portion of its population has access to safe and affordable living spaces, thereby alleviating some of the financial pressures associated with housing costs. The organization's commitment to this mission is evident in its focus on operating a HUD-subsidized housing complex, which is a testament to its dedication to social welfare and affordable living.
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Impact
October, 2024
St. Theresa's Inc significantly impacts the community of Lafayette, Louisiana by providing crucial support through the operation of a HUD-subsidized low-income housing complex. This initiative enables residents to access affordable housing options, fostering stability and security for families and individuals who may otherwise struggle to find suitable living conditions. By alleviating the financial burden of housing costs, St. Theresa's Inc plays a vital role in enhancing the quality of life for its residents, promoting overall community welfare and inclusion. The availability of affordable housing contributes to the health, safety, and well-being of families, allowing them to focus on other essential aspects of life, such as education and employment opportunities.
This information is meant to be a general summary of St Theresa's 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: $73
- Program Service Revenue: $71,540
- Gross Receipts: $166,148
Assets and Liabilities:
- Total Assets: $594,502
- Total Liabilities: $16,501
- Net Assets: $578,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$71,540
Organization Details
Founding Year
1994
Phone
(337) 261-5811Principal Officer
Bishop J Douglas Deshotel
Main Address
PO BOX 62190, LAFAYETTE, LA, 70596
NTEE Category
Code: L22Z - Housing
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