Overview
What is Seagoville Senior Citizen Home Inc?
Seagoville Senior Citizen Home Inc is a nonprofit organization situated in Seagoville, Texas, specifically at 205 Mathis Street. The primary objective of this organization is to provide housing for individuals who are sixty-two years old or older, as well as certain handicapped persons. This commitment to elderly and handicapped individuals is the core mission of Seagoville Senior Citizen Home Inc, ensuring they have a suitable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement.
Seagoville Senior Citizen Home Inc has received a Two-Star out of Four Star rating with an overall score of 65%. This rating indicates that while the organization demonstrates certain strengths, such as having a fully independent board and maintaining proper auditing and oversight practices, it falls short in several critical areas of accountability and financial transparency. The organization has notably high liabilities compared to assets, which raises concerns about its financial stability.
The nonprofit's governance structure is a highlight, with 100% independent board members and well-documented board meeting minutes. However, the absence of a whistleblower policy and document retention guidelines suggests potential weaknesses in operational transparency and risk management. Additionally, the failure to post tax forms on its website may hinder public trust and accountability.
Financially, the program expense ratio is reasonable at 65.48%, indicating that a significant portion of funds goes directly toward programs. However, the liabilities to assets ratio of 161.47% is alarming and suggests the organization may be over-leveraged. Overall, while Seagoville Senior Citizen Home Inc has established a solid governance framework, its financial practices and transparency need improvement to foster greater trust and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Seagoville Senior Citizen Home Inc legitimate?
Seagoville Senior Citizen Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seagoville Senior Citizen Home 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: $125,639
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What is the mission statement of Seagoville Senior Citizen Home Inc?
Seagoville Senior Citizen Home Inc is an organization dedicated to providing housing for individuals who are sixty-two years of age or older, as well as certain handicapped persons. The nonprofit's purpose is to offer a living space that caters to the needs of these individuals, ensuring they have a suitable place to reside. The organization's mission is centered around providing a home environment that supports and accommodates elderly persons and those with specific handicaps, promoting their comfort and well-being.
Who is the CEO of Seagoville Senior Citizen Home Inc?
Dan Eakins is the President of Seagoville Senior Citizen Home Inc.
What is the revenue of Seagoville Senior Citizen Home Inc?
Seagoville Senior Citizen Home Inc's revenue in 2022 was $573,233.
Who are the executives of Seagoville Senior Citizen Home Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Seagoville Senior Citizen Home Inc?
Seagoville Senior Citizen Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seagoville Senior Citizen Home Inc
Seagoville Senior Citizen Home Inc, as a nonprofit organization, is committed to providing housing for individuals who are sixty-two years of age or older, and certain handicapped persons. The primary objective of this organization is to offer a living space that caters specifically to the needs of the elderly and handicapped, ensuring they can live with dignity and independence. By providing suitable housing, Seagoville Senior Citizen Home Inc aims to contribute positively to the well-being and quality of life of its residents, fostering an environment that supports their physical, emotional, and social needs.
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Impact
July, 2024
Seagoville Senior Citizen Home Inc's impact is significant in providing housing for elderly persons aged sixty-two years or older and certain handicapped individuals in Seagoville, TX. By offering a safe and supportive living environment for this vulnerable population, the organization plays a crucial role in enhancing their quality of life and ensuring they have access to appropriate housing facilities. This impact helps to address the specific housing needs of seniors and individuals with disabilities, ultimately contributing to their well-being and overall health.
This information is meant to be a general summary of Seagoville Senior Citizen Home 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: $360
- Program Service Revenue: $272,125
- Gross Receipts: $573,233
Assets and Liabilities:
- Total Assets: $787,682
- Total Liabilities: $1,228,738
- Net Assets: -$441,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$272,125
Organization Details
Founding Year
1984
Phone
(972) 287-6271Principal Officer
Dan Eakins
Main Address
205 MATHIS STREET, SEAGOVILLE, TX, 75159
NTEE Category
Code: L22Z - Housing
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