Overview
What is Schaadt Apartment Corporation?
Schaadt Apartment Corporation is a nonprofit organization that focuses on offering affordable low-income housing to support the well-being of individuals with disabilities. By designing housing facilities and services tailored to their physical, social, and psychological needs, Schaadt Apartment Corporation aims to enhance their health, security, happiness, and overall utility in life. The organization prioritizes affordability in its housing charges, ensuring that the residents can maintain a decent living standard within their means.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Schaadt Apartment Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The rating indicates that the organization has demonstrated strong financial practices, with a significant program expense ratio of 79.19%, showing a commitment to allocating resources effectively toward its mission.
The organization also scored perfectly on various governance metrics, including having a fully independent board with 12 members and robust policies in place for conflict of interest and whistleblower protections. These factors contribute to a transparent and ethically sound operational framework, ensuring that the organization is well-managed and accountable to its stakeholders.
Despite its strong rating, there is no detailed information provided about the organization's specific programs or impact outcomes. While the financial foundation is solid, further insights into its programmatic effectiveness and community engagement could enhance understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Schaadt Apartment Corporation legitimate?
Schaadt Apartment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schaadt Apartment Corporation 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 Schaadt Apartment Corporation?
The Schaadt Apartment Corporation's mission is centered around providing low-income housing for individuals with disabilities. Their aim is to promote their well-being by creating housing facilities and services that cater to their physical, social, and psychological needs. This is done to enhance their health, security, happiness, and overall usefulness in living for an extended period. Notably, the cost of housing is kept affordable to make it accessible to these individuals.
Who is the CEO of Schaadt Apartment Corporation?
Judith K Sikora is the Chairman of Schaadt Apartment Corporation. The CEO's salary of Schaadt Apartment Corporation is $0 and their total compensation is $322,463.
What is the revenue of Schaadt Apartment Corporation?
Schaadt Apartment Corporation's revenue in 2022 was $77,790.
Who are the executives of Schaadt Apartment Corporation and what are their salaries?
There 13 volunteers at Schaadt Apartment Corporation.
Here are 16 key members and their salaries (Schaadt Apartment Corporation's CEO's salary is $0 and their total compensation is $322,463):
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- Related: $204,941
- Other: $39,555
- Compensation: $0
- Related: $265,323
- Other: $57,140
Where can I find the form 990 for Schaadt Apartment Corporation?
Schaadt Apartment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Schaadt Apartment Corporation
Schaadt Apartment Corporation, a nonprofit organization, is committed to providing low-income housing. Its mission is geared towards enhancing the welfare of handicapped individuals. The corporation designs housing facilities and services tailored to meet the physical, social, and psychological needs of these individuals. By doing so, Schaadt Apartment Corporation strives to promote their health, security, happiness, and usefulness in living a longer life. The cost of housing is kept affordable, ensuring that handicapped persons can secure a decent place to live without straining their budgets.
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Impact
August, 2024
Schaadt Apartment Corporation's impact is significant in providing low income housing to promote the welfare of handicapped persons. By designing housing facilities and services to meet the physical, social, and psychological needs of individuals with disabilities, Schaadt Apartment Corporation contributes to their health, security, happiness, and usefulness in longer living. The affordable charges for housing enable individuals with disabilities to access safe and comfortable living arrangements, ultimately improving their quality of life and promoting inclusivity within the community.
This information is meant to be a general summary of Schaadt Apartment Corporation. 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: $8
- Program Service Revenue: $45,065
- Gross Receipts: $77,790
Assets and Liabilities:
- Total Assets: $2,415,467
- Total Liabilities: $38,350
- Net Assets: $2,377,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$45,065
Organization Details
Founding Year
2012
Phone
(219) 757-1921Principal Officer
Judith K Sikora
Main Address
8400 LOUISIANA STREET, MERRILLVILLE, IN, 46410
NTEE Category
Code: L20 - Housing
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