Overview
What is Silver View Senior Housing Association?
Silver View Senior Housing Association is a nonprofit organization committed to serving low-income elderly residents. They achieve this mission by managing a 40-unit HUD Section 202 apartment building, with 39 units specifically designated for this demographic. The association offers tenants the opportunity to benefit from HUD rent subsidies, ensuring affordable housing. Their primary activity revolves around providing a supportive living environment for this vulnerable group, contributing to their overall well-being.
Official website here: www.evha.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star Rating
Silver View Senior Housing Association has received an 85% score, reflecting a solid commitment to accountability and finance management. This rating is derived solely from its accountability and finance score, indicating that the organization maintains a strong emphasis on these critical areas. The organization boasts a fully independent board of directors and demonstrates effective governance practices.
The nonprofit showcases numerous strengths, such as a low liabilities to assets ratio of 1.29% and a significant program expense ratio of 87.65%. These figures suggest that the majority of its financial resources are allocated directly to its programs rather than administrative costs. Additionally, Silver View has implemented comprehensive policies for conflict of interest, whistleblowing, and document retention, further enhancing its operational transparency and accountability.
While the overall rating is commendable, potential donors and stakeholders should take note that the score is based entirely on finance and accountability metrics. There is no information available regarding program outcomes or impact, which could provide a more holistic view of the nonprofit's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Silver View Senior Housing Association legitimate?
Silver View Senior Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silver View Senior 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: $75,429
For more financial information, click here
Official website here: www.evha.org
What is the mission statement of Silver View Senior Housing Association?
The Silver View Senior Housing Association is committed to providing housing solutions for low-income elderly individuals. They accomplish this by managing a 40-unit HUD Section 202 apartment building, with 39 units specifically reserved for this demographic. Eligible tenants can benefit from HUD-funded rent subsidies, ensuring affordable living for this vulnerable population. The association's primary objective is to offer a secure and comfortable living environment for the elderly, thereby contributing to their well-being and improving their quality of life.
Official website here: www.evha.org
Who is the CEO of Silver View Senior Housing Association?
Carol Wheeler is the Executive Director of Silver View Senior Housing Association.
Official website here: www.evha.org
What is the revenue of Silver View Senior Housing Association?
Silver View Senior Housing Association's revenue in 2022 was $575,658.
Official website here: www.evha.org
Who are the executives of Silver View Senior Housing Association and what are their salaries?
There 6 volunteers at Silver View Senior Housing Association.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $255,737
- Other: $47,331
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.evha.org
Where can I find the form 990 for Silver View Senior Housing Association?
Silver View Senior Housing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.evha.org
Learn more at the official website: www.evha.org
Mission Statement of Silver View Senior Housing Association
Silver View Senior Housing Association is dedicated to providing housing solutions for low-income elderly individuals. By operating a 40-unit HUD Section 202 apartment building, the organization makes 39 units specifically available for this demographic. The association's mission is centered around ensuring that these elderly residents can secure affordable housing, and they achieve this by making tenants eligible for HUD rent subsidies. This supportive housing initiative aims to provide a stable living environment for elderly individuals who may be financially challenged, thereby enhancing their quality of life.
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Impact
July, 2024
The Silver View Senior Housing Association provides essential housing support for low-income elderly residents in Everett, WA. By operating a 40-unit HUD Section 202 apartment building with 39 units specifically designated for this demographic, the association ensures that elderly individuals in need have access to safe and affordable housing. Tenants benefit from HUD rent subsidies, further easing their financial burden and allowing them to maintain a stable living situation. Through its focused mission and dedicated efforts, Silver View Senior Housing Association positively impacts the lives of elderly individuals by providing a comfortable and supportive environment for them to call home.
This information is meant to be a general summary of Silver View Senior 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 2022.
- Investment Income: $559
- Program Service Revenue: $137,981
- Gross Receipts: $575,658
Assets and Liabilities:
- Total Assets: $1,675,874
- Total Liabilities: $21,745
- Net Assets: $1,654,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & RELATED
Revenue
$137,981
Organization Details
Founding Year
1994
Phone
(425) 303-1101Principal Officer
Carol Wheeler
Main Address
3107 COLBY AVENUE, EVERETT, WA, 98201
Website
www.evha.orgNTEE Category
Code: L22 - Housing
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