Overview
What is Providence Senior Housing Corporation?
Providence Senior Housing Corporation is a nonprofit organization headquartered in Walnut Creek, California, specifically at 1855 Olympic Boulevard Suite 300. Their primary focus is on serving the senior community, operating a senior housing project consisting of 50 units, which are subsidized by HUD, in San Francisco, California. The organization's mission is to provide comfortable and accessible housing for the elderly population in this area. Their project is designed to support seniors, ensuring they have a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Stars
Providence Senior Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization excels in several areas, including having a fully independent board and a strong program expense ratio of 97.39%, suggesting that a significant majority of its funds are directed towards programs rather than administrative costs.
Despite its strengths, the organization faces challenges in its financial management, as evidenced by a liabilities to assets ratio of 148.22%, which raises concerns about its financial stability. While there are no reported issues regarding material diversion of assets, the high level of liabilities may impact future operations and sustainability.
Overall, while Providence Senior Housing Corporation demonstrates solid governance and a commitment to programmatic spending, potential donors and stakeholders should consider the financial liabilities when evaluating the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Senior Housing Corporation legitimate?
Providence Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Senior Housing Corporation 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: $135,651
For more financial information, click here
What is the mission statement of Providence Senior Housing Corporation?
Providence Senior Housing Corporation is committed to serving seniors by providing them with housing solutions. Their mission is centered around offering senior housing options within the San Francisco, California area. By operating a senior housing project with 50 units subsidized by HUD, they contribute to the comfort and living needs of the elderly population within their community. The organization's primary goal is to enhance the quality of life for seniors by providing them with suitable housing accommodations.
Who is the CEO of Providence Senior Housing Corporation?
James Blanding is the President of Providence Senior Housing Corporation.
What is the revenue of Providence Senior Housing Corporation?
Providence Senior Housing Corporation's revenue in 2022 was $786,173.
Who are the executives of Providence Senior Housing Corporation 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 Providence Senior Housing Corporation?
Providence Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Providence Senior Housing Corporation
Providence Senior Housing Corporation is dedicated to serving the senior community by providing suitable housing options within the San Francisco, California area. At the heart of its mission, this organization operates a senior housing project, comprising 50 units that are subsidized by the HUD. This endeavor aims to offer comfortable living arrangements for the elderly population, ensuring they have access to quality housing within their community. The mission of Providence Senior Housing Corporation is to prioritize the needs of senior citizens, providing them with a secure and supportive housing environment.
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Impact
July, 2024
Providence Senior Housing Corporation provides vital senior housing for the elderly in the San Francisco area, specifically through its senior housing project consisting of 50 HUD-subsidized units in the city of San Francisco, California. By offering affordable and safe living spaces for seniors, Providence Senior Housing Corporation positively impacts the lives of older individuals in the community, ensuring they have access to suitable housing options as they age.
This information is meant to be a general summary of Providence Senior Housing Corporation. 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: $809
- Program Service Revenue: $197,351
- Gross Receipts: $786,173
Assets and Liabilities:
- Total Assets: $11,032,443
- Total Liabilities: $15,892,829
- Net Assets: -$4,860,386
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry and Tenant Charge
Revenue
$34
Refund
Revenue
$9,656
Rents
Revenue
$187,661
Organization Details
Phone
(510) 746-4100Principal Officer
James Blanding
Main Address
1855 Olympic Boulevard Suite 300 30, Walnut Creek, CA, 94596
NTEE Category
Code: L21 - Housing
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