Overview
What is Silvercrest Inc?
Silvercrest Inc is a nonprofit organization dedicated to addressing the housing needs of low to moderate income families. Their primary objective is to provide affordable housing solutions, ensuring that a diverse range of families can secure a comfortable living environment. Through their mission, they work tirelessly to make housing more accessible, thereby contributing to the overall well-being of the communities they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Silvercrest Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. With an overall score of 81%, the organization has demonstrated strong governance practices, including a fully independent board and robust financial oversight mechanisms. Their program expense ratio is notably high at 91.16%, indicating that a significant majority of their expenditures are directed toward their programs rather than administrative costs.
The organization excels in several key areas, such as having 100% independent board members and a well-structured audit and oversight committee, which points to a commitment to transparency and ethical management. They also maintain a favorable liabilities to assets ratio of 50.71%, suggesting a manageable level of debt relative to their assets. Additionally, Silvercrest Inc consistently documents board meeting minutes, further enhancing their accountability.
However, while the organization performs well in financial management and governance, there may be room for improvement in expanding their outreach or program effectiveness to enhance overall impact. The rating serves as a good indicator of Silvercrest Inc's reliability and commitment to its mission, making it a commendable option for donors considering their support.
This AI summary has been generated from information found on Charity Navigator.
Is Silvercrest Inc legitimate?
Silvercrest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silvercrest 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: $195,514
For more financial information, click here
What is the mission statement of Silvercrest Inc?
Silvercrest Inc, as a mission, is dedicated to providing affordable housing solutions for families with modest to moderate incomes. Their primary objective is to ensure that these families have access to suitable living spaces, thereby contributing to their overall well-being. Through their efforts, they strive to bridge the gap in housing affordability, making a significant impact on the lives of many families in need. Their work encompasses the development, maintenance, and management of affordable housing units, ensuring that each family can call a comfortable home their own.
Who is the CEO of Silvercrest Inc?
Tammy Townsend is the Chair of Silvercrest Inc.
What is the revenue of Silvercrest Inc?
Silvercrest Inc's revenue in 2022 was $3,591,846.
Who are the executives of Silvercrest Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Silvercrest Inc?
Silvercrest Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Silvercrest Inc
Silvercrest Inc, a nonprofit organization, is committed to a significant mission. Their primary objective is to offer affordable housing solutions to families with modest to moderate incomes. By providing such housing, Silvercrest Inc strives to make a tangible difference in the lives of these families, ensuring they have access to comfortable and affordable living spaces. This mission is a testament to Silvercrest Inc's dedication to fostering inclusive communities and promoting social equality.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Silvercrest Inc's impact lies in its mission to provide affordable housing for low to moderate income families in Fresno, California. By offering housing options that cater to this demographic, Silvercrest Inc plays a crucial role in addressing the housing needs of vulnerable populations. This ensures that individuals and families with limited financial resources have access to safe and stable housing, ultimately contributing to the overall well-being and stability of the community. The organization's efforts help improve the quality of life for its residents and contribute to creating a more inclusive and equitable society.
This information is meant to be a general summary of Silvercrest 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.
- Program Service Revenue: $2,450,223
- Gross Receipts: $3,591,846
Assets and Liabilities:
- Total Assets: $29,762,462
- Total Liabilities: $15,094,015
- Net Assets: $14,668,447
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$727,687
LEASE INCOME
Revenue
$714,088
GROSS RENTAL INCOME
Revenue
$612,396
REFUNDS
Revenue
$396,052
Organization Details
Founding Year
1998
Phone
(559) 443-8400Principal Officer
Tammy Townsend
Main Address
1331 FULTON MALL, FRESNO, CA, 93721
NTEE Category
Code: L22 - Housing
If you are a representative of Silvercrest Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.