Overview
What is Elizabeth James Senior Housing?
Elizabeth James Senior Housing is a nonprofit organization, identified as Elizabeth James House, located in the heart of Seattle, Washington. They manage a 60-unit apartment building, primarily catering to low-income senior residents. The U.S. Department of Housing and Urban Development (HUD) subsidizes the rental charges for these qualified tenants, ensuring affordable living for the elderly population. Their mission is to provide a comfortable and secure living environment for senior citizens who may face financial constraints.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Elizabeth James Senior Housing has received an overall score of 87%, indicating a solid performance in terms of accountability and finance. This rating is derived solely from the Accountability & Finance beacon, which reflects the organization's commitment to transparency and responsible financial practices. With no material diversion of assets and a comprehensive conflict of interest policy in place, the organization demonstrates strong governance.
The organization excels in financial oversight, evidenced by its robust financial statements and an independent board comprising 66% independent members. Additionally, it maintains a high program expense ratio of 92.14%, suggesting that the majority of its funds are directed towards its mission rather than administrative costs. The well-structured audit and oversight practices further enhance its credibility.
While the rating reflects positively on Elizabeth James Senior Housing's operational integrity, it is essential for potential donors and stakeholders to consider the context of the rating and the specific areas that contribute to it. Overall, the nonprofit showcases strong accountability measures, although further details on program outcomes could provide a more comprehensive view of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Elizabeth James Senior Housing legitimate?
Elizabeth James Senior Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elizabeth James Senior Housing 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: $83,525
For more financial information, click here
What is the mission statement of Elizabeth James Senior Housing?
Elizabeth James Senior Housing is committed to owning and managing a 60-unit apartment building, subsidized by the HUD, to provide affordable housing for low-income senior citizens. The organization's mission is to operate this facility, located centrally, ensuring that eligible tenants pay reduced rental fees. The building serves as a vital resource, offering a secure living environment for seniors who might otherwise face housing challenges. The organization's operations aim to contribute to the overall well-being of the senior community by providing subsidized housing, thereby promoting social stability and independence for its residents.
Who is the CEO of Elizabeth James Senior Housing?
Chris Persons is the CEO of Elizabeth James Senior Housing The CEO's salary of Elizabeth James Senior Housing is $0 and their total compensation is $258,340.
What is the revenue of Elizabeth James Senior Housing?
Elizabeth James Senior Housing's revenue in 2023 was $776,948.
Who are the executives of Elizabeth James Senior Housing and what are their salaries?
There 1 volunteer at Elizabeth James Senior Housing.
Here are 4 key members and their salaries (Elizabeth James Senior Housing's CEO's salary is $0 and their total compensation is $258,340):
- Compensation: $0
- Related: $239,867
- Other: $18,473
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $27,354
- Other: $5,100
- Compensation: $0
- Related: $129,263
- Other: $16,250
Where can I find the form 990 for Elizabeth James Senior Housing?
Elizabeth James Senior Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Elizabeth James Senior Housing
Elizabeth James Senior Housing is committed to owning and operating a 60-unit apartment building, subsidized by the HUD, to provide affordable housing for low-income seniors. This nonprofit organization's mission is to serve as a reliable provider of living spaces for this specific demographic, ensuring they can reside in a safe and comfortable environment. The rental charges for eligible tenants are kept at an affordable level due to the subsidization from HUD, making it possible for seniors with limited income to secure a place to call home.
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Impact
July, 2024
Elizabeth James Senior Housing's impact in Seattle is significant as it provides vital housing support to low-income seniors in the community. By owning and operating a 60-unit HUD subsidized apartment building, the organization ensures that qualified tenants have access to affordable and safe housing. This initiative directly addresses the pressing need for affordable senior housing in the area, contributing to the overall well-being and quality of life of the elderly population. Elizabeth James Senior Housing's commitment to providing subsidized housing plays a crucial role in supporting the financial stability and security of low-income seniors in Seattle.
This information is meant to be a general summary of Elizabeth James Senior Housing. 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: $155
- Program Service Revenue: $233,716
- Gross Receipts: $776,948
Assets and Liabilities:
- Total Assets: $2,581,724
- Total Liabilities: $1,233,299
- Net Assets: $1,348,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$233,716
Organization Details
Founding Year
1993
Principal Officer
Leslie Woodworth
NTEE Category
Code: L22 - Housing
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