Overview
What is Providence Clemens Housing Corporation?
Providence Clemens Housing Corporation is a nonprofit organization situated in Rochester, New York, specifically at 1150 Buffalo Road. Their primary mission is to offer quality, affordable rental housing to low-income families. They have successfully accomplished this by managing a 30-unit residential project situated in Elmira, New York. The corporation's work directly impacts 30 families, providing them with a secure and affordable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59%
Providence Clemens Housing Corporation has received a One-Star out of Four Star rating from Charity Navigator, indicating concerns regarding its accountability and financial practices. The organization scored 59% overall, with specific weaknesses noted in governance metrics, such as having no independent board members, which raises questions about oversight and transparency.
Despite these governance issues, the nonprofit demonstrates a strong commitment to its mission evidenced by a high program expense ratio of 92.08%, meaning a significant portion of its budget is directed towards program services rather than administrative costs. The organization has also established policies for conflict of interest and whistleblower protection, which are positive aspects of its operational framework.
However, the lack of an independent board and missing documents such as the website and tax form on its site limits its credibility. Additionally, the liabilities to assets ratio is concerning at 295.33%, suggesting potential financial instability. Overall, while Providence Clemens Housing Corporation is focused on its mission, significant improvements in governance and financial transparency are necessary to enhance trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Clemens Housing Corporation legitimate?
Providence Clemens Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Clemens Housing 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 Providence Clemens Housing Corporation?
The Providence Clemens Housing Corporation's mission is centered around providing affordable housing solutions. Specifically, they operate a 30-unit residential project to cater to low-income families, demonstrating their commitment to improving living conditions for those in need. Their primary goal is to offer high-quality housing at affordable prices, aiming to make a positive impact on the lives of these families. The corporation has successfully provided 30 families with such housing, contributing to their mission of enhancing living standards for the less fortunate.
Who is the CEO of Providence Clemens Housing Corporation?
Dan Sturgis is the President of Providence Clemens Housing Corporation.
What is the revenue of Providence Clemens Housing Corporation?
Providence Clemens Housing Corporation's revenue in 2022 was $204,519.
Who are the executives of Providence Clemens Housing Corporation and what are their salaries?
There 3 volunteers at Providence Clemens Housing Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $71,528
- Other: $2,861
- Compensation: $0
- Related: $132,864
- Other: $13,315
- Compensation: $0
- Related: $141,895
- Other: $5,676
Where can I find the form 990 for Providence Clemens Housing Corporation?
Providence Clemens Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Providence Clemens Housing Corporation
Providence Clemens Housing Corporation is dedicated to delivering high-quality, affordable housing solutions to families with limited income. Situated in an undisclosed location, this nonprofit organization has taken on the mission of providing 30 families with a secure and comfortable living space. Their primary goal is to alleviate housing-related burdens, enabling these families to focus on other essential aspects of their lives. By offering affordable rental housing, Providence Clemens Housing Corporation is making a significant impact in the community, contributing to a more equitable and inclusive living environment.
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Impact
October, 2024
Providence Clemens Housing Corporation significantly impacts the community by operating a 30-unit residential low-income housing project in Elmira, New York. By providing quality affordable rental housing, the organization has enabled 30 families to secure stable homes, enhancing their living conditions and fostering community stability. The focus on low-income families addresses a critical need in the region, promoting economic mobility and improving overall quality of life. Through its commitment to affordable housing, the corporation contributes to the well-being of families and supports the broader goal of creating sustainable and inclusive neighborhoods in Rochester, NY.
This information is meant to be a general summary of Providence Clemens Housing 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: $46
- Program Service Revenue: $201,448
- Gross Receipts: $204,519
Assets and Liabilities:
- Total Assets: $942,629
- Total Liabilities: $2,459,093
- Net Assets: -$1,516,464
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$201,448
Organization Details
Founding Year
2017
Phone
(585) 328-3210Principal Officer
Dan Sturgis
Main Address
1150 Buffalo Road, Rochester, NY, 14624
NTEE Category
Code: L20 - Housing
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