Overview
What is Hilltop House Inc?
Hilltop House Inc is a nonprofit organization that specializes in providing affordable housing for elderly individuals in retirement. Located within their 125-unit apartment building, the organization ensures that residents receive nutritionally balanced meals. Hilltop House Inc's mission extends beyond basic living arrangements, aiming to foster a lively and sociable environment with numerous activities and opportunities for friendships to flourish.
Official website here: www.hilltop-house.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Hilltop House Inc has received a solid Three-Star rating from Charity Navigator, reflecting its strengths primarily in the area of accountability and finance. The organization boasts an impressive accountability score of 81, driven by its full compliance with various governance policies, including a conflict of interest policy, whistleblower policy, and well-documented board meeting minutes. Additionally, the entire board is comprised of independent members, which enhances transparency and oversight.
The financial health of Hilltop House Inc is notable, with a program expense ratio of nearly 79%, indicating a strong commitment to directing funds toward its programs and services. However, there is a concern regarding its liabilities to assets ratio, which sits at 95.14%, suggesting that the organization may be heavily leveraged. This could pose potential risks for its financial stability in the long term.
Overall, while Hilltop House Inc demonstrates a commendable level of accountability and effective governance, stakeholders should remain aware of the organization's financial leverage as it could impact its sustainability. The positive assessment indicates that the charity is largely effective in fulfilling its mission, but ongoing monitoring of its financial practices would be prudent.
This AI summary has been generated from information found on Charity Navigator.
Is Hilltop House Inc legitimate?
Hilltop House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hilltop House 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: $812,980
For more financial information, click here
Official website here: www.hilltop-house.org
What is the mission statement of Hilltop House Inc?
Hilltop House Inc, as an organization, was founded with two primary objectives. Initially, it aimed to offer affordable housing facilities for individuals entering their retirement years. Beyond providing a place to live, Hilltop House Inc also strived to create a vibrant and lively community, filled with a variety of activities and opportunities for friendships to blossom. To achieve this, the corporation manages a 125-unit apartment building, providing not only housing but also nutritionally balanced meals for its low-income elderly residents.
Official website here: www.hilltop-house.org
Who is the CEO of Hilltop House Inc?
Robert Sittig is the Treasurer of Hilltop House Inc.
Official website here: www.hilltop-house.org
What is the revenue of Hilltop House Inc?
Hilltop House Inc's revenue in 2023 was $2,451,382.
Official website here: www.hilltop-house.org
Who are the executives of Hilltop House Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.hilltop-house.org
Where can I find the form 990 for Hilltop House Inc?
Hilltop House Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hilltop-house.org
Learn more at the official website: www.hilltop-house.org
Mission Statement of Hilltop House Inc
Hilltop House Inc, a nonprofit organization, was established with a dual mission. Its primary goal is to offer affordable housing to individuals entering their retirement years. Beyond providing a place to call home, Hilltop House Inc strives to foster an active and sociable community where its residents can build friendships and engage in a variety of activities. The organization operates a 125-unit apartment building and ensures its residents receive nutritionally balanced meals, catering to the needs of low-income elderly individuals.
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Impact
July, 2024
Hilltop House Inc's impact is significant in providing affordable housing for individuals of retirement age in Seattle, WA. The organization owns a 125-unit apartment building where they offer housing and nutritionally balanced meals to low-income elderly residents. By fulfilling their mission of creating a healthy and vibrant community with a range of activities and fostering friendships, Hilltop House Inc positively contributes to the well-being and quality of life of its residents.
This information is meant to be a general summary of Hilltop House 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 2023.
- Investment Income: $697
- Program Service Revenue: $785,730
- Gross Receipts: $2,451,382
Assets and Liabilities:
- Total Assets: $9,542,097
- Total Liabilities: $9,078,983
- Net Assets: $463,114
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$755,204
Other tenant charges
Revenue
$23,484
Meal service
Revenue
$7,010
Refund
Revenue
$32
Organization Details
Founding Year
1988
Phone
(206) 624-5704Principal Officer
Robert Sittig
Main Address
1005 Terrace Street, Seattle, WA, 98104
Website
www.hilltop-house.orgNTEE Category
Code: L22Z - Housing
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