Overview
What is Palo Alto Senior Housing Project Inc?
Palo Alto Senior Housing Project Inc, operating under the name Stevenson House, is a nonprofit organization based in Palo Alto, California. Their primary mission is to provide affordable housing for low-income elderly and handicapped individuals, as per the HUD Section 202 of the National Housing Act. They manage and operate an apartment complex consisting of 120 units, on behalf of the PASHPI Stevenhouse Limited Partnership. The organization also goes beyond just housing, offering social and health-oriented activities for the residents. In partnership with another non-profit organization, they provide nutritious hot lunches five days a week. Their goal is to create a safe and caring community for independent, low-income seniors, ensuring they enjoy a high quality of life.
Official website here: www.stevensonhouse.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Palo Alto Senior Housing Project Inc has received an overall rating of 85%, indicating a solid performance in accountability and finance. The organization excels in governance, boasting a fully independent board and comprehensive financial oversight. Key strengths include a high program expense ratio of 99.16%, which demonstrates a commitment to directing funds toward its mission rather than administrative costs.
User feedback highlights the positive impact of the organization's housing offerings, particularly at Stevenson House, which provides affordable living options for seniors in a costly area. Volunteers and board members praise the community atmosphere, emphasizing the supportive environment and the opportunities for residents to engage socially. The beautiful grounds and convenient location further enhance the quality of life for its residents.
However, the organization faces some financial challenges, as indicated by its liabilities to assets ratio of 130.94%, which may raise concerns about long-term sustainability. Despite this, the overall sentiment from users remains highly favorable, with many advocating for the organization's services due to its dedication to providing a nurturing community for seniors.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Palo Alto Senior Housing Project Inc legitimate?
Palo Alto Senior Housing Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palo Alto Senior Housing Project Inc 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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For more financial information, click here
Official website here: www.stevensonhouse.org/
What is the mission statement of Palo Alto Senior Housing Project Inc?
The mission of Palo Alto Senior Housing Project Inc. is centered around providing affordable housing for independent, low-income seniors. This organization strives to create a safe and caring community for its residents. Beyond housing, they also offer social and health-oriented activities. Moreover, in partnership with another non-profit organization, they provide nutritious hot lunches five days a week. The Palo Alto Senior Housing Project Inc. is dedicated to enhancing the living conditions and overall well-being of its senior residents.
Official website here: www.stevensonhouse.org/
Who is the CEO of Palo Alto Senior Housing Project Inc?
Grace Mah is the President of Palo Alto Senior Housing Project Inc.
Official website here: www.stevensonhouse.org/
What is the revenue of Palo Alto Senior Housing Project Inc?
Palo Alto Senior Housing Project Inc's revenue in 2022 was $722,743.
Official website here: www.stevensonhouse.org/
Who are the executives of Palo Alto Senior Housing Project Inc and what are their salaries?
There 11 volunteers at Palo Alto Senior Housing Project Inc.
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Official website here: www.stevensonhouse.org/
Where can I find the form 990 for Palo Alto Senior Housing Project Inc?
Palo Alto Senior Housing Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stevensonhouse.org/
Learn more at the official website: www.stevensonhouse.org/
Mission Statement of Palo Alto Senior Housing Project Inc
Palo Alto Senior Housing Project Inc is dedicated to accomplishing a noble mission. This mission involves providing an affordable housing solution for low-income seniors, ensuring they can live in a safe and caring community. The organization achieves this by managing and operating an apartment complex that houses 120 units, specifically designed for elderly and handicapped individuals, under the HUD Section 202 of the National Housing Act.
To further enrich the lives of its residents, Palo Alto Senior Housing Project Inc goes beyond just offering housing. They collaborate with another non-profit organization to provide daily, nutritious hot lunches for the residents, promoting health and wellness. Moreover, the organization offers social and health-oriented activities to foster a sense of community among the residents. In summary, Palo Alto Senior Housing Project Inc is committed to offering affordable housing and a supportive environment for low-income seniors, aiming to enhance their quality of life.
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Impact
July, 2024
Palo Alto Senior Housing Project Inc has had a significant impact by providing 158 low, very low, and extremely low-income individuals with below-market housing in 120 studio and one-bedroom units. Additionally, the organization offers social and health-oriented activities to the residents and partners with another nonprofit to provide nutritious hot lunches five days a week. By managing and operating an apartment complex for low-income elderly and handicapped individuals under HUD Section 202, Palo Alto Senior Housing Project Inc is fulfilling its mission of providing affordable housing for independent, low-income seniors in a safe and caring community.
This information is meant to be a general summary of Palo Alto Senior Housing Project Inc. 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: $8,455
- Program Service Revenue: $680,713
- Gross Receipts: $722,743
Assets and Liabilities:
- Total Assets: $10,557,650
- Total Liabilities: $13,824,982
- Net Assets: -$3,267,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUND LEASE INCOME
Revenue
$415,000
PROGRAM RELATED INTERE
Revenue
$184,926
GROUND LEASE INTEREST
Revenue
$50,040
PARTNERSHIP MGMT FEE
Revenue
$30,747
Organization Details
Founding Year
1965
Phone
(650) 494-1944Principal Officer
Grace Mah
Main Address
455 E CHARLESTON ROAD, PALO ALTO, CA, 94306
Website
www.stevensonhouse.org/NTEE Category
Code: L22Z - Housing
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