Monsignor Wynhoven Apartments Inc

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

EIN: 726031594 ✦ New orleans, LA ✦ Designated as a 501(c)(3)

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Overview

What is Monsignor Wynhoven Apartments Inc?

Monsignor Wynhoven Apartments Inc, doing business as Wynhoven Apartments, is a nonprofit organization situated in New Orleans, Louisiana. Their primary mission is to provide housing solutions for elderly and disabled individuals, adhering to Section 207/223(F) of the National Housing Act, under an agreement with the Department of Housing and Urban Development (HUD). By offering this service, they contribute to the well-being of their community, ensuring that vulnerable populations have access to safe and suitable living spaces.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating.

Monsignor Wynhoven Apartments Inc Dba Wynhoven Apartments has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial practices and overall accountability. The organization scored well in certain areas, including having a majority of independent board members and a solid program expense ratio, which suggests a commitment to its mission.

However, the organization shows limitations in transparency and governance, notably reflected in the lack of an independent board size and the absence of a posted tax form on its website. The whistleblower policy also received a low score, which raises questions about the organization’s internal controls and commitment to ethical practices.

Overall, while Wynhoven Apartments exhibits strengths in specific governance aspects, the areas of concern may affect stakeholders' confidence in its financial management and transparency. Improved accountability and a stronger emphasis on governance policies could enhance its rating and public perception.


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

Is Monsignor Wynhoven Apartments Inc legitimate?

Monsignor Wynhoven Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monsignor Wynhoven Apartments 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: $619,260

For more financial information, click here

What is the mission statement of Monsignor Wynhoven Apartments Inc?

Monsignor Wynhoven Apartments Inc, doing business as Wynhoven Apartments, is dedicated to providing housing for elderly and disabled individuals. This commitment is in line with Section 207/223(F) of the National Housing Act, and it operates under an agreement with the Department of Housing and Urban Development (HUD). The organization's primary goal is to offer a living space that caters to the specific needs of these individuals, ensuring they have a safe and suitable environment to reside in.

Who is the CEO of Monsignor Wynhoven Apartments Inc?

Deacon Dennis F Adams is the Secretary of Monsignor Wynhoven Apartments Inc.

What is the revenue of Monsignor Wynhoven Apartments Inc?

Monsignor Wynhoven Apartments Inc's revenue in 2022 was $3,700,584.

Who are the executives of Monsignor Wynhoven Apartments Inc and what are their salaries?


Here are 2 key members and their salaries:


Deacon Dennis F Adams (Secretary)
  • Compensation: $0
  • Related: $134,458
  • Other: $0
Most Rev Gregory M Aymond (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Monsignor Wynhoven Apartments Inc?

Monsignor Wynhoven Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Monsignor Wynhoven Apartments Inc

Monsignor Wynhoven Apartments Inc, doing business as Wynhoven Apartments, is dedicated to providing housing for elderly and disabled individuals. This organization operates under Section 207/223(F) of the National Housing Act, having entered into an agreement with the Department of Housing and Urban Development (HUD). In essence, Monsignor Wynhoven Apartments Inc serves as a sanctuary for those who require special accommodations due to their age or disability, offering them a secure living space. By adhering to the guidelines set forth by the National Housing Act, this nonprofit ensures that it can effectively cater to the unique needs of its residents, thereby enhancing their overall quality of life.

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Impact




July, 2024

Monsignor Wynhoven Apartments Inc Dba Wynhoven Apartments provides essential housing for elderly and disabled persons in New Orleans, Louisiana. By operating under the guidelines of Section 207/223(f) of the National Housing Act in partnership with the Department of HUD, this organization plays a crucial role in ensuring that vulnerable populations have secure and suitable living arrangements. The impact of Monsignor Wynhoven Apartments Inc Dba Wynhoven Apartments is significant as it directly improves the quality of life for those in need by offering them a stable and supportive housing environment.




This information is meant to be a general summary of Monsignor Wynhoven Apartments 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
$3,700,584 (2022)
Expenses
$4,156,944 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,940
  • Program Service Revenue: $3,697,644
  • Gross Receipts: $3,700,584

Assets and Liabilities:

  • Total Assets: $7,236,949
  • Total Liabilities: $9,026,795
  • Net Assets: -$1,789,846

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Programs

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

RENTAL OF HSG TO ELDERLY

Revenue

$3,588,128

PPP LOAN FORGIVENESS

Revenue

$109,516

Organization Details

Founding Year

1962

Principal Officer

Deacon Dennis F Adams

Main Address

2729 LOWERLINE STREET, NEW ORLEANS, LA, 701253530

NTEE Category

Code: L22 - Housing

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