Overview
What is Delta Partners Ii Inc?
Delta Partners II Inc is a nonprofit organization situated in Shelby, Mississippi. Its primary mission is to provide suitable housing accommodations for the elderly and individuals with disabilities who fall under the category of low-income earners. In line with this, the organization operates apartments that comply with HUD regulations, ensuring a safe and comfortable living environment for its residents. With a dedicated workforce of one employee, Delta Partners II Inc is committed to serving this specific community segment, contributing to their overall well-being by providing them with a place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Delta Partners II Inc has been evaluated with a score of 58%, which places it in the One-Star category, indicating some concerns in its financial management. While the organization demonstrates strengths such as a fully independent board and a high program expense ratio of 70.93%, which suggests a significant portion of its funds is dedicated to its programs, it faces a critical issue with its liabilities to assets ratio at 176.31%. This notably high ratio points towards potential financial instability.
The organization excels in governance aspects, obtaining full points for having a majority of independent board members and properly documenting board meeting minutes. These factors reflect a commitment to transparency and accountability. However, the financial metrics raise red flags that could impact its sustainability and operational effectiveness over time.
In terms of compensation, the executive director earns a low salary of $21,000, while other key positions are unpaid, reflecting a possible emphasis on keeping overhead costs low. Nonetheless, the combination of the concerning liabilities and overall financial health suggests that potential donors should carefully consider these factors when evaluating their support for Delta Partners II Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Delta Partners Ii Inc legitimate?
Delta Partners Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delta Partners Ii 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $21,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Delta Partners Ii Inc?
Delta Partners II Inc is committed to operating apartments that provide housing for individuals with low income, specifically the elderly and those with disabilities. This is done in accordance with regulations set by the HUD (U.S. Department of Housing and Urban Development). The organization's primary goal is to provide suitable housing facilities for this vulnerable group, ensuring they have a place to live comfortably. The apartments comply with these regulations to ensure the well-being and safety of its residents.
Who is the CEO of Delta Partners Ii Inc?
Cheryl Rose is the President of Delta Partners Ii Inc.
What is the revenue of Delta Partners Ii Inc?
Delta Partners Ii Inc's revenue in 2022 was $157,406.
Who are the executives of Delta Partners Ii Inc and what are their salaries?
The average compensation at Delta Partners Ii Inc during 2022 was $21,750. There is 1 employee at Delta Partners Ii Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $21,750
- Related: $0
- Other: $4,383
Where can I find the form 990 for Delta Partners Ii Inc?
Delta Partners Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delta Partners Ii Inc
Delta Partners II Inc, a nonprofit organization, is dedicated to providing housing facilities for individuals who fall under the categories of the elderly and those with disabilities. These individuals often have low incomes, and Delta Partners II Inc ensures they have suitable living arrangements. The organization operates its apartments in compliance with regulations set by the Department of Housing and Urban Development (HUD), demonstrating its commitment to providing safe and appropriate living spaces for its residents. By doing so, Delta Partners II Inc plays a vital role in enhancing the quality of life for these vulnerable populations, enabling them to live with dignity and independence.
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Impact
October, 2024
Delta Partners II Inc plays a critical role in addressing housing needs for vulnerable populations, specifically low-income elderly individuals and those with disabilities. By providing affordable housing facilities, the organization ensures that these individuals have access to safe and secure living environments, which is essential for their well-being and independence.
Located in Shelby, MS, Delta Partners II Inc operates with a mission aligned with HUD regulations, focusing on creating living spaces that cater to very low-income elderly persons and individuals with disabilities. This not only contributes to improving the quality of life for its residents but also helps alleviate housing instability within the community. Through its efforts, the organization directly impacts the lives of those it serves by fostering a sense of community, dignity, and support for some of the most vulnerable members of society.
This information is meant to be a general summary of Delta Partners Ii 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: $50
- Program Service Revenue: $157,356
- Gross Receipts: $157,406
Assets and Liabilities:
- Total Assets: $1,231,702
- Total Liabilities: $2,102,319
- Net Assets: -$870,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT INCOME
Revenue
$157,356
Organization Details
Founding Year
2004
Phone
(662) 398-7090Principal Officer
Cheryl Rose
Main Address
P O BOX 45, SHELBY, MS, 38774
NTEE Category
Code: L21 - Housing
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