AI Transparency Report
St Marys Manor For Senior Citizen Housing Development Fund Company I demonstrates consistent financial stability and growth, primarily operating as a housing provider for seniors. Over the past decade, the organization has shown a steady increase in both revenue and assets, with revenue growing from $2,257,139 in 2014 to $3,984,907 in 2023, and assets expanding from $8,187,999 to $11,728,761 in the same period. This indicates effective management of its housing operations and a healthy financial trajectory.
The organization consistently spends a significant portion of its expenses on program services, as evidenced by the substantial difference between total revenue and total expenses, suggesting efficient use of funds for its mission. For instance, in 2023, with revenues of $3,984,907 and expenses of $2,400,662, a considerable surplus was generated, which likely contributes to asset growth and long-term sustainability. The absence of reported officer compensation further enhances its transparency and commitment to directing resources towards its primary purpose.
While the NTEE code is unknown, the organization's name clearly indicates its focus on senior citizen housing. The consistent financial performance, coupled with zero reported officer compensation, suggests a well-managed and mission-focused entity. The increasing asset base and consistent revenue growth point to a financially healthy organization capable of sustaining and potentially expanding its services to senior citizens.