Overview
What is St Clare Apartments Inc C/O St Francis Center?
St. Clare Apartments Inc C/O St. Francis Center is a California-based nonprofit organization, specifically a public benefit corporation. Their primary mission is to provide affordable housing solutions for low- and moderate-income individuals and families. They accomplish this by owning and operating three apartment complexes, with a total of 41 units, located in Redwood City, California. This nonprofit organization strives to make housing accessible and affordable for those who may not be able to afford it otherwise.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
St Clare Apartments Inc C/O St Francis Center has received a low rating due to several shortcomings in its accountability and financial practices. While the organization boasts a fully independent board and has no reported material diversion of assets, it lacks key financial transparency measures such as published financial statements and a visible tax form on its website. These deficiencies have significantly impacted its overall score.
The organization does have strengths, particularly in its program expense ratio, which reflects a commitment to directing funds towards its core mission. However, the absence of essential policies, such as a whistleblower policy and document retention protocols, raises concerns about governance and oversight. The overall financial health is further questioned by a high liabilities to assets ratio of 78.70%, indicating potential financial vulnerability.
While St Clare Apartments Inc C/O St Francis Center demonstrates a dedication to its programs, the lack of transparency and governance policies suggests areas that require significant improvement to enhance accountability and build donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is St Clare Apartments Inc C/O St Francis Center legitimate?
St Clare Apartments Inc C/O St Francis Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Clare Apartments Inc C/O St Francis Center 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.
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What is the mission statement of St Clare Apartments Inc C/O St Francis Center?
St. Clare Apartments Inc C/O St Francis Center is a California-based nonprofit organization that operates three apartment complexes, providing a total of 41 affordable housing units for low and moderate-income individuals and families. Their primary mission is to ensure affordable housing is accessible, contributing to the well-being and stability of these communities. They aim to offer a living environment that is both comfortable and economically viable for those who might otherwise struggle to secure suitable housing. Through their operations, St. Clare Apartments aims to positively impact lives and promote social equity.
Who is the CEO of St Clare Apartments Inc C/O St Francis Center?
Christina Heltsleyop is the Chairman of St Clare Apartments Inc C/O St Francis Center.
What is the revenue of St Clare Apartments Inc C/O St Francis Center?
St Clare Apartments Inc C/O St Francis Center's revenue in 2022 was $755,269.
Who are the executives of St Clare Apartments Inc C/O St Francis Center and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for St Clare Apartments Inc C/O St Francis Center?
St Clare Apartments Inc C/O St Francis Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Clare Apartments Inc C/O St Francis Center
St. Clare Apartments Inc C/O St Francis Center is a California-based nonprofit organization with a mission to provide affordable housing for individuals and families falling under the low and moderate income bracket. This mission is carried out by owning and operating three apartment complexes, collectively totaling 41 units. By doing so, St. Clare Apartments Inc C/O St Francis Center aims to contribute to the community by offering a living space that is accessible and affordable, thereby providing a stable environment for those who may otherwise struggle to secure such accommodations.
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Impact
July, 2024
St Clare Apartments Inc, operating under the St Francis Center, provides a vital service by owning and operating three buildings totaling 41 units for low and moderate-income individuals and families in Redwood City, California. Their mission is to offer affordable housing to those in need, contributing to the community's efforts to address housing insecurity and provide stability to vulnerable populations. By offering these housing options, St Clare Apartments Inc assists in creating a more inclusive and supportive environment for individuals and families facing financial challenges in the region.
This information is meant to be a general summary of St Clare Apartments Inc C/O St Francis Center. 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: $18
- Program Service Revenue: $699,877
- Gross Receipts: $755,269
Assets and Liabilities:
- Total Assets: $8,439,136
- Total Liabilities: $6,815,892
- Net Assets: $1,623,244
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$699,877
Organization Details
Founding Year
1996
Phone
(650) 578-9661Principal Officer
Christina Heltsleyop
Main Address
151 BUCKINGHAM AVENUE 317, REDWOOD CITY, CA, 94063
NTEE Category
Code: L20 - Housing
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