Overview
What is Episcopal Management Corporation?
Episcopal Management Corporation, situated in Midvale, Utah, is a dedicated nonprofit organization focusing on senior housing and retirement facilities. Their primary mission is to provide affordable and comfortable living accommodations for the elderly with limited income, ensuring they maintain a dignified and independent lifestyle. The corporation's commitment to this cause plays a significant role in enriching the lives of elderly residents in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Stars)
Episcopal Management Corporation has received a Two-Star rating, indicating that while there are some strengths in its accountability and financial practices, there are notable areas for improvement. The organization demonstrates strong governance with a fully independent board and effective oversight mechanisms, achieving full points in areas such as independent board membership and financial statement oversight.
However, the organization has faced challenges, particularly in financial metrics. With a liabilities-to-assets ratio of 114.57%, this raises concerns about financial sustainability. Additionally, there are significant deficiencies in transparency, as the charity has missed key tax form disclosures and policies, including the absence of its website on tax forms and missing conflict of interest and whistleblower policies.
Overall, while Episcopal Management Corporation exhibits positive governance practices, the financial health signals a need for attention, and the lack of essential disclosures may detract from donor confidence. Addressing these issues could enhance its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal Management Corporation legitimate?
Episcopal Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Management 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:
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What is the mission statement of Episcopal Management Corporation?
Episcopal Management Corporation is dedicated to providing affordable housing for the elderly. Their mission is to offer a living space for seniors with limited income, ensuring they have a comfortable and secure environment during their retirement years. The organization's primary aim is to promote dignity and independence for this demographic, ensuring they can maintain their quality of life while living within their means. Episcopal Management Corporation's commitment to low-income housing for the elderly reflects their belief in providing essential support to this vulnerable population.
Who is the CEO of Episcopal Management Corporation?
Ric Tanner is the President of Episcopal Management Corporation.
What is the revenue of Episcopal Management Corporation?
Episcopal Management Corporation's revenue in 2021 was $1,371,757.
Who are the executives of Episcopal Management Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Episcopal Management Corporation?
Episcopal Management Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Episcopal Management Corporation
Episcopal Management Corporation, a nonprofit organization, is dedicated to providing low-income housing specifically for the elderly. Their mission is to create a supportive living environment for senior citizens who may be financially constrained, ensuring they can age with dignity and independence. By offering affordable housing solutions, Episcopal Management Corporation aims to contribute to the well-being and comfort of this vulnerable population, allowing them to maintain their quality of life and remain active members of their community.
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Impact
July, 2024
Episcopal Management Corporation provides critical low-income housing for elderly individuals in Midvale, Utah. By offering affordable housing options for seniors in need, Episcopal Management Corporation helps ensure that this vulnerable population has a safe and stable place to call home. This impact not only meets immediate housing needs but also contributes to the overall well-being and quality of life for elderly residents in the community. Additionally, by focusing on serving low-income individuals, Episcopal Management Corporation contributes to addressing issues of housing affordability and accessibility for seniors in Midvale.
This information is meant to be a general summary of Episcopal Management 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 2021.
- Investment Income: $3,147
- Program Service Revenue: $1,368,610
- Gross Receipts: $1,371,757
Assets and Liabilities:
- Total Assets: $7,144,576
- Total Liabilities: $7,976,815
- Net Assets: -$832,239
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apartment rents
Revenue
$341,492
Laundry & vending
Revenue
$2,009
Miscellaneous Revenue
Revenue
$10,494
Rent subsidies
Revenue
$1,006,814
Vacancy Claims
Revenue
$7,666
Organization Details
Founding Year
1979
Phone
(801) 565-0700Principal Officer
Ric Tanner
Main Address
7351 SOUTH UNION PARK AVENUE 250, MIDVALE, UT, 84047
NTEE Category
Code: L21Z - Housing
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