Overview
What is Hong Ning Senior Housing Corporation?
Hong Ning Senior Housing Corporation is a nonprofit organization situated in Phoenix, Arizona. Their primary mission is to offer affordable and suitable housing to the elderly and individuals with disabilities. They accomplish this through the operation of a 58-unit HUD 202 multifamily housing community, catering to 73 residents. The age distribution comprises 3% between 18-61, 55% between 62-81, 37% between 82-93, and 5% aged 94 and above. The organization provides a service coordinator to assist residents in obtaining various social services and referrals. Despite the restrictions imposed by the COVID-19 pandemic, the community gradually resumed regular activities in 2022. Post-pandemic, the service coordinator's referral services have mainly focused on case management, home-delivered meals, food bank programs, isolation intervention, crisis intervention, transportation, healthcare services, Social Security and Medicare assistance, and prescription delivery.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Hong Ning Senior Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is primarily based on its accountability measures, earning a commendable 79%. This rating reflects the organization’s strong governance practices and commitment to transparency.
One of the strengths highlighted in the evaluation is the organization’s board composition, which consists of 100% independent members, reinforcing its commitment to accountable governance. Additionally, Hong Ning maintains a high program expense ratio of 84.59%, signifying that a significant portion of its resources is directed toward its mission. The organization also demonstrates sound financial practices, as evidenced by its successful audits and the absence of any material diversion of assets.
However, the organization does face a limitation with its liabilities to assets ratio, which stands at 149.80%. This figure suggests that the organization may have a high level of liabilities compared to its assets, which could raise concerns about financial sustainability in the long term. Overall, while Hong Ning Senior Housing Corporation shows strengths in governance and program spending, attention to financial liabilities is warranted.
This AI summary has been generated from information found on Charity Navigator.
Is Hong Ning Senior Housing Corporation legitimate?
Hong Ning Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hong Ning Senior 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: $76,481
For more financial information, click here
What is the mission statement of Hong Ning Senior Housing Corporation?
Hong Ning Senior Housing Corporation's mission is centered around providing low-income housing and support services to elderly and handicapped individuals. They aim to offer decent, safe, sanitary, and affordable housing to these individuals, catering to various age groups, including those aged 18-61 with disabilities, 62-81, 82-93, and 94 and above. The organization also employs a service coordinator who assists residents in obtaining various social services and referrals. During the COVID-19 pandemic, the community slowly resumed regular activities, and the service coordinator focused on providing case management, home-delivered meals, food bank programs, isolation intervention, crisis intervention, transportation, healthcare services, Social Security and Medicare assistance, and prescription assistance/delivery.
Who is the CEO of Hong Ning Senior Housing Corporation?
Leung Eng is the President of Hong Ning Senior Housing Corporation.
What is the revenue of Hong Ning Senior Housing Corporation?
Hong Ning Senior Housing Corporation's revenue in 2022 was $655,188.
Who are the executives of Hong Ning Senior Housing Corporation and what are their salaries?
There 6 volunteers at Hong Ning Senior Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Hong Ning Senior Housing Corporation?
Hong Ning Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hong Ning Senior Housing Corporation
Hong Ning Senior Housing Corporation is dedicated to providing low-income housing and support services to elderly and handicapped individuals. This organization's mission is to ensure that these vulnerable populations have accessible, safe, and affordable housing. By operating a 58-unit HUD 202 multifamily housing community, Hong Ning Senior Housing Corporation has been able to accommodate 73 residents, with a diverse age range from 18 to 94 years old.
The organization's mission extends beyond just providing housing. Hong Ning Senior Housing Corporation employs a service coordinator who assists residents in obtaining various social services and referrals. This support system helps residents navigate challenges in areas such as transportation, healthcare, and financial assistance. During the COVID-19 pandemic, the organization had to adapt its services to accommodate social distancing and isolation measures. Consequently, their referral services shifted focus to case management, home-delivered meals, food bank programs, isolation intervention, crisis intervention, transportation, healthcare services, and prescription assistance/delivery.
In summary, Hong Ning Senior Housing Corporation's mission is to create a nurturing environment for elderly and handicapped individuals by providing them with safe and affordable housing, as well as offering comprehensive support services to help them overcome various challenges they may face. The organization's dedication to this mission is evident in their adaptability and commitment to the well-being of their residents, even during trying times like the COVID-19 pandemic.
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Impact
July, 2024
Hong Ning Senior Housing Corporation's impact can be seen through its provision of decent, safe, and affordable housing to elderly and disabled individuals in Phoenix, Arizona. The organization's operation of a 58-unit HUD 202 multifamily housing community has directly benefited 73 residents, with a focus on meeting the diverse needs of its residents.
During the challenging times brought about by the COVID-19 pandemic, Hong Ning Senior Housing Corporation's service coordinator played a crucial role in assisting residents with accessing essential social services and referrals. From case management to home-delivered meals, food bank programs, isolation intervention, crisis intervention, transportation, healthcare services, and more, the organization facilitated vital support services to enhance the well-being of its residents.
By prioritizing the housing and support needs of low-income elderly and disabled individuals, Hong Ning Senior Housing Corporation contributes significantly to promoting a more inclusive and supportive community for vulnerable populations in Phoenix.
This information is meant to be a general summary of Hong Ning Senior 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: $88
- Program Service Revenue: $638,600
- Gross Receipts: $655,188
Assets and Liabilities:
- Total Assets: $664,395
- Total Liabilities: $995,292
- Net Assets: -$330,897
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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
$637,970
LAUNDRY
Revenue
$555
TENANT CHARGES
Revenue
$75
Organization Details
Founding Year
1985
Phone
(602) 997-0013Principal Officer
Leung Eng
Main Address
2330 WEST MISSION LANE SUITE 10, PHOENIX, AZ, 85021
NTEE Category
Code: L22Z - Housing
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