Overview
What is Rio Concho Manor Inc?
Rio Concho Manor Inc, situated in San Angelo, Texas, is a nonprofit organization that specializes in providing housing solutions for individuals aged 62 years and above. They operate through an apartment complex, ensuring their services are compliant with regulations set by the U.S. Department of Housing and Urban Development. The organization's primary mission is to offer housing options, which are available through both apartment rentals and lifetime leases, catering specifically to the elderly population.
Official website here: www.rioconcho.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating
Rio Concho Manor Inc has achieved a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 96% in the Accountability & Finance category, reflecting its strong management practices and transparent operations. This score is particularly noteworthy as it is derived entirely from a single beacon score, focusing on the nonprofit's adherence to financial best practices.
Key strengths of Rio Concho Manor include a fully independent board, with all eight members meeting this criterion, and a robust financial oversight structure, including an Audit and Oversight Committee. The organization has demonstrated a strong commitment to ethical governance, showcasing policies such as conflict of interest and whistleblower protections. Additionally, it maintains a healthy liabilities to assets ratio of 13.24% and allocates over 70% of its expenses directly to programs.
While the data reflects a solid operational foundation, no significant limitations were identified in the provided information. Overall, Rio Concho Manor Inc stands out as a well-managed nonprofit, ensuring that funds are used effectively to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rio Concho Manor Inc legitimate?
Rio Concho Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rio Concho Manor 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: $320,095
For more financial information, click here
Official website here: www.rioconcho.com
What is the mission statement of Rio Concho Manor Inc?
Rio Concho Manor Inc's mission is centered around providing housing solutions for individuals who are 62 years of age and older. They achieve this through the rental of apartments and the offering of lifetime leases. The housing provided by Rio Concho Manor Inc is regulated by the U.S. Department of Housing and Urban Development, ensuring adherence to certain standards and guidelines. The organization's primary goal is to cater to the housing needs of senior citizens, offering them a secure and comfortable living environment.
Official website here: www.rioconcho.com
Who is the CEO of Rio Concho Manor Inc?
Elisabeth Elsass is the Executive Dir. of Rio Concho Manor Inc.
Official website here: www.rioconcho.com
What is the revenue of Rio Concho Manor Inc?
Rio Concho Manor Inc's revenue in 2022 was $1,691,991.
Official website here: www.rioconcho.com
Who are the executives of Rio Concho Manor Inc and what are their salaries?
The average compensation at Rio Concho Manor Inc during 2022 was $20,006. There are 16 employees and 15 volunteers at Rio Concho Manor Inc.
Here are 15 key members and their salaries:
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- Other: $3,254
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Official website here: www.rioconcho.com
Where can I find the form 990 for Rio Concho Manor Inc?
Rio Concho Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rioconcho.com
Learn more at the official website: www.rioconcho.com
Mission Statement of Rio Concho Manor Inc
Rio Concho Manor Inc is dedicated to offering housing solutions for individuals who have reached the age of 62. This is accomplished through the provision of apartment rentals and lifetime leases. The U.S. Department of Housing and Urban Development regulates this housing complex, ensuring that the standards and requirements are met. Rio Concho Manor Inc's mission is to provide a secure and comfortable living environment for senior citizens, allowing them to maintain their independence and dignity as they enter their golden years. The organization's housing solutions are designed to cater to the specific needs of older adults, ensuring that they have access to a safe, supportive, and age-appropriate living space.
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Impact
July, 2024
Rio Concho Manor Inc's impact is providing essential housing options for individuals aged 62 years and older in San Angelo, TX. By offering apartment rentals and lifetime leases, this organization plays a crucial role in ensuring that this demographic has access to safe and regulated housing. Through their mission of providing housing for seniors, Rio Concho Manor Inc contributes to the well-being and stability of older adults in the community, fostering a sense of security and community support for this vulnerable population. Their focus on housing aligns with the overarching goal of promoting a high quality of life and ensuring that seniors have a comfortable and suitable living environment as they age.
This information is meant to be a general summary of Rio Concho Manor 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 2022.
- Investment Income: $1,184
- Program Service Revenue: $1,438,270
- Gross Receipts: $1,696,735
Assets and Liabilities:
- Total Assets: $1,406,960
- Total Liabilities: $239,612
- Net Assets: $1,167,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$1,222,641
TENANT ASSISTANCE
Revenue
$134,084
COMMERCIAL RENTAL
Revenue
$52,488
PARKING
Revenue
$20,781
MISCELLANEOUS RENT
Revenue
$8,276
Organization Details
Founding Year
1960
Phone
(325) 653-1581Principal Officer
Elisabeth Elsass
Main Address
401 RIO CONCHO DR, SAN ANGELO, TX, 76903
Website
www.rioconcho.comNTEE Category
Code: L210 - Housing
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