Overview
What is South Seven Senior Village?
South Seven Senior Village is a nonprofit organization situated in Port Townsend, Washington. Their primary focus is on providing supportive and affordable permanent housing for 15 low-income senior residents, ensuring they live in a safe environment. The organization was developed under HUD Section 202, aiming to benefit seniors earning less than half the area median income. The mission of South Seven Senior Village is to offer a welcoming and secure living space for these individuals, enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (74%, Two-Star out of Four Star rating)
South Seven Senior Village has received a rating that indicates the organization requires improvement, scoring 74%. While it excels in Accountability & Finance with a perfect score of 100%, the organization has notable weaknesses in governance, particularly concerning its board structure and transparency, which are reflected in its low scores for independent board members and board size.
Despite its strong performance in financial management and having robust policies in place for conflict of interest and whistleblowing, South Seven Senior Village lacks in public accountability. It failed to provide essential information on its website, such as board meeting minutes and tax forms, which are critical for transparency and trust with stakeholders.
Overall, while the organization demonstrates sound financial practices and adherence to some governance policies, the significant gaps in board independence and public documentation suggest areas that need urgent attention to improve its rating and, ultimately, its effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is South Seven Senior Village legitimate?
South Seven Senior Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Seven Senior Village 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: $0
For more financial information, click here
What is the mission statement of South Seven Senior Village?
South Seven Senior Village's mission is centered around providing affordable and secure permanent housing for senior citizens who fall below the 50% median income threshold. The housing complex, developed under HUD Section 202, aims to serve this specific demographic, offering them a supportive living environment. The primary objective is to ensure that these low-income seniors have a safe and stable residence to call their own.
Who is the CEO of South Seven Senior Village?
Cherish Cronmiller is the Treasurer of South Seven Senior Village.
What is the revenue of South Seven Senior Village?
South Seven Senior Village's revenue in 2022 was $118,692.
Who are the executives of South Seven Senior Village and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for South Seven Senior Village?
South Seven Senior Village's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Seven Senior Village
South Seven Senior Village, a nonprofit organization, is dedicated to providing supportive, affordable, and safe permanent housing for low-income seniors. Earning less than half of the area median income, these seniors find refuge in the 15 housing units developed under the HUD Section 202 program. The mission of South Seven Senior Village is to ensure that these elderly individuals have a secure and sustainable living environment. By offering affordable housing, the organization aims to alleviate the financial stress that many seniors face, enabling them to focus on their well-being and quality of life.
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Impact
October, 2024
South Seven Senior Village significantly enhances the quality of life for low-income seniors in Port Townsend, WA, by providing 15 units of supportive housing specifically designed to meet their needs. With a focus on affordability and safety, this initiative enables seniors earning less than 50% of the area median income to secure stable, permanent housing.
By offering supportive housing under HUD Section 202, South Seven not only addresses the immediate need for affordable living arrangements but also fosters a sense of community among residents. This environment promotes independence while ensuring access to essential services, thereby improving overall well-being. The presence of such a housing option in Port Townsend contributes to reducing homelessness among seniors and enhances their social and emotional health, demonstrating a profound impact on this vulnerable demographic.
This information is meant to be a general summary of South Seven Senior Village. 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 2022.
- Investment Income: $29
- Program Service Revenue: $117,768
- Gross Receipts: $118,692
Assets and Liabilities:
- Total Assets: $1,974,201
- Total Liabilities: $42,707
- Net Assets: $1,931,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$117,768
Organization Details
Founding Year
2003
Phone
(360) 385-2571Principal Officer
Cherish Cronmiller
Main Address
2500 W SIMS WAY 201, PORT TOWNSEND, WA, 98368
NTEE Category
Code: L22 - Housing
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