Overview
What is Swan Memorial Housing Association?
Swan Memorial Housing Association is a nonprofit organization situated in Yakima, Washington, specifically at 9 S 8th Ave, CO GRACE OF CHRIST. Their primary mission is to provide affordable housing for the elderly with low income, totaling 99 units, under the supervision of the U.S. Department of Housing and Urban Development (HUD). Their objective is to ensure that elderly individuals have a place to reside, promoting their well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (67%)
Swan Memorial Housing Association has received a "Needs Improvement" rating from Charity Navigator, indicating areas that require attention for enhanced transparency and accountability. While the organization boasts a strong program expense ratio of 84.57% and has an independent board with 100% members, it struggles with several governance practices, which has affected its overall score.
The organization demonstrates solid financial management, as evidenced by a perfect score for its audited financial statements and no material diversion of assets. However, the absence of key policies, including a conflict of interest policy and a whistleblower policy, along with a missing website link on its tax form, has contributed to its lower rating. Addressing these gaps could improve the organization's standing and transparency.
While Swan Memorial Housing Association shows strength in its financial accountability and program effectiveness, the noted deficiencies in governance practices highlight the need for improvements. Focusing on implementing necessary policies and ensuring accessibility of information could bolster stakeholder confidence and enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Swan Memorial Housing Association legitimate?
Swan Memorial Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swan Memorial Housing Association 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: $136,965
For more financial information, click here
What is the mission statement of Swan Memorial Housing Association?
The Swan Memorial Housing Association is dedicated to serving the elderly population by providing them with affordable housing options. Specifically, the organization offers 99 rental units to individuals with low income, under the auspices of the HUD (Housing and Urban Development). This initiative aims to ensure that the elderly have access to suitable living accommodations, thereby enhancing their quality of life. The association's mission is centralized around this provision of housing, aiming to make a significant impact in the lives of those in need.
Who is the CEO of Swan Memorial Housing Association?
Doug Bernd is the President of Swan Memorial Housing Association.
What is the revenue of Swan Memorial Housing Association?
Swan Memorial Housing Association's revenue in 2023 was $815,886.
Who are the executives of Swan Memorial Housing Association 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 Swan Memorial Housing Association?
Swan Memorial Housing Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Swan Memorial Housing Association
Swan Memorial Housing Association is committed to providing 99 units of affordable housing for the elderly. This nonprofit organization's mission is centered around catering to the housing needs of low-income elderly individuals, offering them a secure and comfortable living space under the auspices of the HUD (Department of Housing and Urban Development). The association's primary role is to ensure that the elderly have access to housing that fits their financial circumstances, providing them with a sense of security and stability.
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Impact
July, 2024
Swan Memorial Housing Association provides 99 rental units of low-income housing for the elderly in Yakima, Washington. This organization plays a crucial role in addressing the housing needs of low-income elderly residents in the community. By offering affordable housing options, Swan Memorial Housing Association helps to improve the quality of life and financial security of elderly individuals who may struggle to find suitable housing options. This impact contributes to promoting a sense of stability, safety, and well-being among the elderly population in Yakima.
This information is meant to be a general summary of Swan Memorial Housing Association. 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: $1,502
- Program Service Revenue: $814,384
- Gross Receipts: $815,886
Assets and Liabilities:
- Total Assets: $2,336,023
- Total Liabilities: $1,982,773
- Net Assets: $353,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTS
Revenue
$814,384
Organization Details
Founding Year
1971
Phone
(425) 562-1200Principal Officer
Doug Bernd
Main Address
CO GRACE OF CHRIST 9 S 8TH AVE, YAKIMA, WA, 98902
NTEE Category
Code: L22Z - Housing
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