Overview
What is Dunn Tower Apartments Inc?
Dunn Tower Apartments Inc is a nonprofit organization situated in Rochester, New York, with a specific focus on providing affordable housing opportunities for the elderly with limited income. By following its mission, the organization offers low-rental housing accommodations, ensuring that the elderly population in the area has access to suitable living spaces. This commitment to social welfare demonstrates Dunn Tower Apartments Inc's dedication to enhancing the living conditions of the elderly community in Rochester.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Dunn Tower Apartments Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization's overall score is driven by its strong adherence to best practices, particularly in financial management, which is critical for fostering donor trust and ensuring efficient use of resources.
The nonprofit boasts a fully independent board of directors, with all members free from any conflicts of interest, contributing to transparent governance. With an impressive program expense ratio of 87.70%, the majority of its expenditures are directed towards fulfilling its mission, indicating a commitment to maximizing the impact of donors' contributions.
While the financial metrics are robust, it's essential to keep in mind that this rating is based solely on accountability and finance, and does not assess program outcomes or community impact directly. Nevertheless, the high scores across various governance criteria highlight Dunn Tower Apartments Inc's dedication to operational integrity and responsible stewardship of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Dunn Tower Apartments Inc legitimate?
Dunn Tower Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dunn Tower Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,891
For more financial information, click here
What is the mission statement of Dunn Tower Apartments Inc?
Dunn Tower Apartments Inc is committed to offering affordable housing solutions to the elderly with limited income. Their primary mission is to provide a residence where elderly individuals can live comfortably and economically. The organization strives to ensure that the elderly population has access to housing that fits their financial constraints, thereby enhancing their quality of life. Their activities are centered around offering low-rental housing options, catering specifically to the elderly with modest incomes. This mission statement reflects their dedication to serving this specific demographic and addressing their unique housing needs.
Who is the CEO of Dunn Tower Apartments Inc?
Pasquale A Dilucia is the Secretary of Dunn Tower Apartments Inc.
What is the revenue of Dunn Tower Apartments Inc?
Dunn Tower Apartments Inc's revenue in 2023 was $1,355,704.
Who are the executives of Dunn Tower Apartments Inc and what are their salaries?
There 9 volunteers at Dunn Tower Apartments Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Dunn Tower Apartments Inc?
Dunn Tower Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Dunn Tower Apartments Inc
Dunn Tower Apartments Inc, as a nonprofit organization, is committed to providing affordable housing solutions for the elderly with low income. Their primary mission is to offer low-rental housing, serving as a vital resource for this specific demographic. By doing so, they aim to provide a stable living environment for this group, ensuring their needs are met in a dignified manner.
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Impact
October, 2024
Dunn Tower Apartments Inc plays a crucial role in addressing housing needs for low-income seniors in Rochester, NY. By providing affordable rental housing, the organization ensures that elderly residents have access to safe and secure living environments. This initiative significantly contributes to the well-being of seniors, allowing them to maintain their independence and dignity while alleviating the financial burden that often accompanies housing costs. The availability of low-rent options fosters a sense of community among residents, promoting social interaction and support among peers. Overall, Dunn Tower Apartments Inc enhances the quality of life for vulnerable aging populations by prioritizing affordable and accessible housing solutions.
This information is meant to be a general summary of Dunn Tower Apartments 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 2023.
- Investment Income: -$9,346
- Program Service Revenue: $1,363,850
- Gross Receipts: $1,365,141
Assets and Liabilities:
- Total Assets: $3,028,048
- Total Liabilities: $1,533,683
- Net Assets: $1,494,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME TENANTS
Revenue
$798,065
TENANT ASSISTANCE PAYM
Revenue
$472,417
RETAINED EXCESS INCOME
Revenue
$62,080
MISCELLANEOUS RENT REV
Revenue
$17,028
LAUNDRY AND VENDING RE
Revenue
$14,260
Organization Details
Founding Year
1977
Phone
(585) 429-5520Principal Officer
Pasquale A Dilucia
Main Address
100 DUNN TOWER DRIVE, ROCHESTER, NY, 14606
NTEE Category
Code: L22Z - Housing
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