Overview
What is Episcopal Management Corporation Of Ogden?
Episcopal Management Corporation of Ogden is a nonprofit organization situated in Midvale, Utah. Their primary mission, as stated under the National Housing Act of 1959, is to offer subsidized housing for elderly individuals. This HUD-insured project, identified as Section 202, successfully assisted around 50 individuals during the year, ensuring they had access to appropriate living accommodations. This initiative aims to enhance the quality of life for the elderly population in the community by providing them with secure and affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating.
Episcopal Management Corporation Of Ogden has received a 65% rating from Charity Navigator, which translates to a Two-Star rating. This rating primarily reflects accountability and financial management, where the organization scored well in several areas such as having a fully independent board and a robust audit and oversight committee. However, the overall score is significantly impacted by missing policies and transparency measures, which detract from its accountability.
The nonprofit demonstrates strong governance through its 100% independent board and effective program expense ratio of 74.05%, indicating a commitment to mission-related activities. However, the lack of essential policies such as conflict of interest, whistleblower, and document retention policies raises concerns about its operational transparency and ethical standards. These missing elements are critical for ensuring trust and accountability within the organization.
Additionally, the organization's financial health appears to be concerning, with a liabilities-to-assets ratio of 85.54%, which may indicate potential financial strain. While the charity has a solid base in governance, the deficiencies in policy documentation and financial transparency suggest a need for improvement to enhance trust and overall organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal Management Corporation Of Ogden legitimate?
Episcopal Management Corporation Of Ogden is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Management Corporation Of Ogden 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
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What is the mission statement of Episcopal Management Corporation Of Ogden?
Episcopal Management Corporation of Ogden's mission is centered around providing subsidized housing for the elderly, as a HUD-insured project under Section 202 of the National Housing Act of 1959. Their objective is to serve approximately 50 individuals annually, ensuring they have access to suitable housing. This initiative aims to support the elderly population, enhancing their quality of life in a secure and subsidized environment.
Who is the CEO of Episcopal Management Corporation Of Ogden?
Richard Tanner is the President of Episcopal Management Corporation Of Ogden.
What is the revenue of Episcopal Management Corporation Of Ogden?
Episcopal Management Corporation Of Ogden's revenue in 2022 was $636,514.
Who are the executives of Episcopal Management Corporation Of Ogden and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Episcopal Management Corporation Of Ogden?
Episcopal Management Corporation Of Ogden's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Episcopal Management Corporation Of Ogden
Episcopal Management Corporation of Ogden, as a HUD-insured housing project, is dedicated to serving the needs of elderly individuals. Under the provisions of Section 202 of the National Housing Act of 1959, this nonprofit organization offers subsidized housing as its primary mission. During the year, this mission benefited around 50 individuals, providing them with secure and affordable housing solutions. By offering this service, Episcopal Management Corporation of Ogden contributes to the well-being and comfort of elderly people, ensuring they can live with dignity and independence.
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Impact
July, 2024
Episcopal Management Corporation Of Ogden's impact lies in providing subsidized housing for elderly persons under Section 202 of the National Housing Act of 1959. Approximately 50 individuals were benefited during the year in Midvale, UT. Through their mission, they are addressing the critical need for affordable housing for elderly individuals, ensuring a safe and supportive living environment for those in need.
This information is meant to be a general summary of Episcopal Management Corporation Of Ogden. 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: $227
- Program Service Revenue: $636,287
- Gross Receipts: $636,514
Assets and Liabilities:
- Total Assets: $1,400,622
- Total Liabilities: $1,198,164
- Net Assets: $202,458
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apartment Rents
Revenue
$189,273
Miscellaneous Revenue
Rent Subsidies
Revenue
$441,806
Tenant Charges
Revenue
$5,208
Vacancy Claims
Organization Details
Founding Year
1982
Phone
(801) 565-0700Principal Officer
Richard Tanner
Main Address
7351 SOUTH UNION PARK AVENUE 250, MIDVALE, UT, 84047
NTEE Category
Code: L21 - Housing
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