Overview
What is New Hope Elderly Housing Inc North Park Plaza?
New Hope Elderly Housing Inc. North Park Plaza is a nonprofit organization based in Alexandria, Virginia, specifically at 1660 Duke Street, 22314. Their primary mission is to provide housing for elderly individuals and families, in compliance with Section 207/223(F) of the National Housing Act. They have entered into an agreement with the U.S. Department of HUD to fulfill this mission. The organization's activities revolve around offering housing solutions for this specific demographic, ensuring that they have a secure and suitable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
New Hope Elderly Housing Inc North Park Plaza has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The organization scored 79%, with its rating primarily based on its strong performance in accountability and finance metrics, indicating a commitment to transparency and responsible financial management.
The nonprofit boasts an impressive governance structure, with 86% of its board members being independent, ensuring that decisions are made with minimal conflict of interest. The organization has established robust policies, including conflict of interest and whistleblower policies, which contribute to its overall accountability. Additionally, the financial statements are thoroughly audited, providing confidence in the organization's financial practices.
One of the notable strengths of New Hope Elderly Housing is its high program expense ratio of 93.27%, indicating that the vast majority of its funds are directed toward its programs rather than administrative costs. While the rating is strong, the overall score's dependence on a single beacon score may limit a more comprehensive understanding of the organization's impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Elderly Housing Inc North Park Plaza legitimate?
New Hope Elderly Housing Inc North Park Plaza is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Elderly Housing Inc North Park Plaza 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: $134,495
For more financial information, click here
What is the mission statement of New Hope Elderly Housing Inc North Park Plaza?
New Hope Elderly Housing Inc. North Park Plaza, as an organization, is committed to providing housing for elderly individuals and families, adhering to Section 207/223(F) of the National Housing Act. Under an agreement with the U.S. Department of HUD, they offer this service, aiming to ensure elderly people and families have suitable living arrangements. The organization's primary mission revolves around the provision of housing solutions, contributing to the well-being and comfort of the elderly population.
Who is the CEO of New Hope Elderly Housing Inc North Park Plaza?
Peter Desjardins is the President of New Hope Elderly Housing Inc North Park Plaza.
What is the revenue of New Hope Elderly Housing Inc North Park Plaza?
New Hope Elderly Housing Inc North Park Plaza's revenue in 2023 was $1,109,403.
Who are the executives of New Hope Elderly Housing Inc North Park Plaza and what are their salaries?
Here are 23 key members and their salaries:
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- Related: $596,644
- Other: $175,327
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- Other: $152,258
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- Other: $98,843
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- Related: $314,949
- Other: $65,001
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- Related: $185,410
- Other: $94,730
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- Related: $240,852
- Other: $38,707
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- Related: $239,275
- Other: $38,298
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- Related: $161,240
- Other: $16,968
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- Related: $147,670
- Other: $20,890
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Where can I find the form 990 for New Hope Elderly Housing Inc North Park Plaza?
New Hope Elderly Housing Inc North Park Plaza's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Hope Elderly Housing Inc North Park Plaza
New Hope Elderly Housing Inc. North Park Plaza is committed to providing housing for elderly individuals and families, upholding a mission under Section 207/223(F) of the National Housing Act. Operating under an agreement with the U.S. Department of HUD, this nonprofit organization offers a safe living environment and a sense of community for its elderly residents. By providing housing, New Hope Elderly Housing Inc. North Park Plaza contributes to the well-being and security of its elderly residents, offering them a place to call home.
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Impact
July, 2024
New Hope Elderly Housing Inc North Park Plaza provides essential housing for elderly persons and families under Section 207/223(f) of the National Housing Act through an agreement with the U.S. Department of HUD. Located in Alexandria, VA, its impact lies in offering a safe and affordable housing option for the elderly population in need. By fulfilling this critical need, New Hope Elderly Housing Inc North Park Plaza contributes to enhancing the quality of life for seniors and families by providing a supportive living environment.
This information is meant to be a general summary of New Hope Elderly Housing Inc North Park Plaza. 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: $952
- Program Service Revenue: $1,108,451
- Gross Receipts: $1,109,403
Assets and Liabilities:
- Total Assets: $2,697,733
- Total Liabilities: $4,320,996
- Net Assets: -$1,623,263
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF ELDERLY HOUSING
Revenue
$1,108,451
Organization Details
Founding Year
1980
Phone
(703) 341-5000Principal Officer
Peter Desjardins
Main Address
1660 DUKE STREET, ALEXANDRIA, VA, 22314
NTEE Category
Code: L210 - Housing
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