St Clare Terrace Inc

Senior Citizens' Housing, Retirement Communities / Franklin /

St Clare Terrace Inc

ST. CLARE TERRACE, INC. (THE ORGANIZATION) WAS FORMED ON AUGUST 20, 1999, AS A WISCONSIN NON-PROFIT, NONSTOCK CORPORATION UNDER CHAPTER 181 OF THE WISCONSIN STATUTUES. THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PROVIDING A 59-UNIT ASSISTED LIVING FACILITY IN MILWAUKEE, WISCONSIN, KNOWN AS ST. CLARE TERRACE ("THE PROJECT"), FINANCED WITH MORTGAGE BONDS FROM THE WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (WHEFA). THE PROJECT IS DESIGNED TO BE OPERATED AS A RESIDENTIAL CARE APARTMENT COMPLEX (RCAC) IN ACCORDANCE WITH SECTION 50-034 OF THE WISCONSIN STATUTES AND CHAPTER 89 OF THE WISCONSIN ADMINISTRATIVE CODE. THE CERTIFICATE OF OCCUPANCY WAS ISSUED ON JANUARY 31, 2001.

Edit Contact

391974121

EIN

Franklin, WI 53132 United States

Address

stclareterrace.org

Web

Description

St Clare Terrace Inc

Overview

St Clare Terrace Inc is a nonprofit organization designated to operate in the field of housing and shelter, specifically focusing on senior citizens' housing and retirement communities. The organization is recognized as a 501(c)(3) entity, which makes contributions to it tax-deductible.

Purpose and Activities

The primary purpose of St Clare Terrace Inc is to provide assisted living facilities. The organization is known for managing a 59-unit assisted living facility in Milwaukee, Wisconsin. This facility aims to offer supportive living arrangements for seniors, aligning with the broader mission of providing necessary services and accommodations for older adults.

Financial and Operational Details

As of recent financial reports, St Clare Terrace Inc generates most of its revenue from program services, with minimal income from investments. The organization does not appear to receive contributions or undertake significant fundraising activities. It has a substantial amount of assets but is also reported to have significant liabilities.

Governance and Compensation

Key personnel, including the chairperson, vice chair, treasurer, and board members, have been noted to not receive compensation for their roles. This suggests an operational structure focused on volunteer leadership or minimal compensation for administrative tasks.

Recent Developments

As of the last available data, St Clare Terrace Inc is listed with its tax status but might not appear in the IRS's most recent list of tax-exempt organizations. This indicates potential updates or changes in its status that have not been fully documented in public records.

Affiliations and Memberships

St Clare Terrace is mentioned in association with not-for-profit provider networks, such as LeadingAge Wisconsin, which supports organizations involved in aging services across the state. However, specific details about membership or collaboration with other nonprofits are not widely documented.

[1] https://projects.propublica.org/nonprofits/organizations/391974121 [2] https://www.taxexemptworld.com/organization.asp?tn=807295 [3] https://clarehousing.org/wp-content/uploads/2015/03/2016-Audit.pdf [4] https://leadingagewi.org/about-us/member-network/not-for-profit-provider-members [5] https://projects.propublica.org/nonprofits/organizations/391974121/201641489349300609/full