Overview
What is Meadow Park Senior Housing Association?
The Meadow Park Senior Housing Association is a nonprofit organization that focuses on providing affordable housing solutions for low-income senior citizens. Their primary operation involves managing a 40-unit apartment building, funded by the HUD Section 202 program, with 39 units specifically allocated for this demographic. The association ensures that eligible tenants receive HUD rent subsidies, thereby making housing more affordable for the elderly population in need.
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)
Meadow Park Senior Housing Association has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in the Accountability & Finance category. An overall score of 85% indicates the organization’s commitment to transparency and good governance practices, which are essential for building trust with donors and stakeholders.
The organization demonstrates exceptional accountability, with a fully independent board of directors and no material diversion of assets reported. Specific policies regarding conflict of interest, whistleblower protections, and document retention are well-documented and implemented, contributing to its strong financial health. The program expense ratio of 87.46% also suggests that a significant portion of its funds is directed toward its mission-related activities, enhancing its operational effectiveness.
While the rating signifies positive attributes, the assessment primarily relies on financial metrics without evaluating programmatic impact or community feedback. Therefore, while the financial accountability is commendable, stakeholders might benefit from additional insights into the qualitative outcomes of the organization’s services.
This AI summary has been generated from information found on Charity Navigator.
Is Meadow Park Senior Housing Association legitimate?
Meadow Park Senior Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meadow Park 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: $81,518
For more financial information, click here
Official website here: www.evha.org
What is the mission statement of Meadow Park Senior Housing Association?
The Meadow Park Senior Housing Association is dedicated to providing housing solutions for low-income elderly individuals. They accomplish this through the operation of a 40-unit HUD Section 202 apartment building, with 39 units specifically allocated for low-income elderly residents. Qualified tenants are eligible to receive HUD rent subsidies, facilitating affordable living for this group. In essence, the association's mission is to ensure that low-income elderly individuals have access to suitable housing, thereby improving their overall quality of life.
Official website here: www.evha.org
Who is the CEO of Meadow Park Senior Housing Association?
Carol Wheeler is the President/Chair of Meadow Park Senior Housing Association.
Official website here: www.evha.org
What is the revenue of Meadow Park Senior Housing Association?
Meadow Park Senior Housing Association's revenue in 2022 was $581,325.
Official website here: www.evha.org
Who are the executives of Meadow Park Senior Housing Association and what are their salaries?
There 6 volunteers at Meadow Park Senior Housing Association.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $255,737
- Other: $47,331
Official website here: www.evha.org
Where can I find the form 990 for Meadow Park Senior Housing Association?
Meadow Park 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 Meadow Park Senior Housing Association
Meadow Park Senior Housing Association, as its name suggests, is dedicated to providing housing solutions for low-income elderly individuals. This nonprofit organization achieves this mission through the operation of a 40-unit HUD Section 202 apartment building. Within this facility, 39 units are specifically reserved for low-income elderly residents. The association ensures that these tenants are eligible for HUD rent subsidies, making affordable housing a reality for many seniors in need. By providing such housing, Meadow Park Senior Housing Association contributes to the well-being and dignity of the elderly population, allowing them to live with independence and security.
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Impact
July, 2024
Meadow Park Senior Housing Association's impact lies in providing essential housing for low-income elderly residents in Everett, WA. Through their 40-unit HUD Section 202 apartment building, the association ensures that 39 units are specifically designated for this vulnerable population. By offering HUD rent subsidies, Meadow Park enables elderly individuals with limited financial resources to access safe and affordable housing, thereby enhancing their quality of life and overall well-being.
This information is meant to be a general summary of Meadow Park 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: $609
- Program Service Revenue: $110,101
- Gross Receipts: $581,325
Assets and Liabilities:
- Total Assets: $1,926,090
- Total Liabilities: $24,094
- Net Assets: $1,901,996
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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
$110,101
Organization Details
Founding Year
1997
Phone
(425) 303-1101Principal Officer
Carol Wheeler
Main Address
3107 COLBY AVENUE, EVERETT, WA, 98201
Website
www.evha.orgNTEE Category
Code: L22Z - Housing
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