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.