Overview
What is Community Apartments Corporation Of Metrolina 5?
Community Apartments Corporation of Metrolina 5 is a nonprofit organization situated in Raleigh, North Carolina. The primary focus of this organization is to provide housing for individuals dealing with mental illness. Their mission encompasses offering a supportive living environment to aid in their recovery and overall well-being. The organization is dedicated to providing a safe and nurturing space for its residents, ensuring they have access to necessary resources and care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Community Apartments Corporation Of Metrolina 5 has earned a One-Star rating on Charity Navigator, indicating significant room for improvement in its accountability and finance practices. While the organization has demonstrated strong governance with a fully independent board and transparency in board meeting documentation, it struggles in several key areas that detract from its overall score.
The organization shows a commendable program expense ratio of 79.25%, which reflects a commitment to using its resources effectively for its programs. However, it faces considerable issues with its financial health, particularly highlighted by a liabilities to assets ratio of 139.35%, signaling potential financial instability. Additionally, the absence of critical policies and practices, such as a conflict of interest policy and a whistleblower policy, indicates weaknesses in governance and transparency.
Despite its strengths in board independence and program allocation, Community Apartments Corporation Of Metrolina 5 needs to address its financial liabilities and implement necessary operational policies to enhance its accountability and overall effectiveness. These improvements are essential for building donor trust and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Metrolina 5 legitimate?
Community Apartments Corporation Of Metrolina 5 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Metrolina 5 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: $0
For more financial information, click here
What is the mission statement of Community Apartments Corporation Of Metrolina 5?
The Community Apartments Corporation Of Metrolina 5 is committed to serving individuals with mental illness, as its primary mission is to provide housing for them. This organization recognizes the need for suitable living spaces for individuals battling mental health challenges, and it strives to fulfill this need effectively. The corporation takes a proactive approach in accommodating individuals with mental illness, ensuring they have a place they can call home. By providing housing, the organization aims to contribute positively to their residents' well-being and overall quality of life.
Who is the CEO of Community Apartments Corporation Of Metrolina 5?
John Nash is the Director of Community Apartments Corporation Of Metrolina 5.
What is the revenue of Community Apartments Corporation Of Metrolina 5?
Community Apartments Corporation Of Metrolina 5's revenue in 2022 was $60,250.
Who are the executives of Community Apartments Corporation Of Metrolina 5 and what are their salaries?
There 12 volunteers at Community Apartments Corporation Of Metrolina 5.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Apartments Corporation Of Metrolina 5?
Community Apartments Corporation Of Metrolina 5's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Metrolina 5
Community Apartments Corporation of Metrolina 5, as an organization, is committed to providing housing for individuals grappling with mental illness. This mission is at the heart of their activities, aiming to create a safe and supportive living environment for those in need. By offering housing, the corporation seeks to provide a crucial resource for those struggling with mental health issues, enabling them to focus on their recovery and well-being. The organization's mission is a testament to its dedication to promoting mental health and ensuring that those affected by mental illness have access to stable housing, which is a fundamental aspect of overall health and well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Community Apartments Corporation Of Metrolina 5's impact lies in providing essential housing for individuals suffering from mental illness in Raleigh, NC. By offering a safe and supportive living environment, the organization plays a crucial role in enhancing the quality of life and well-being of its residents. This impact extends beyond just providing a roof over their heads, as it also contributes to their mental health stability and overall sense of security. Through its mission-driven focus on addressing the housing needs of the mentally ill, Community Apartments Corporation Of Metrolina 5 positively influences the lives of those it serves.
This information is meant to be a general summary of Community Apartments Corporation Of Metrolina 5. 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: $113
- Program Service Revenue: $23,923
- Gross Receipts: $60,250
Assets and Liabilities:
- Total Assets: $633,553
- Total Liabilities: $882,911
- Net Assets: -$249,358
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$23,923
Organization Details
Founding Year
2002
Phone
(919) 782-4632Principal Officer
John Nash
Main Address
353 E Six Forks Road Suite 300, Raleigh, NC, 27609
NTEE Category
Code: L21 - Housing
If you are a representative of Community Apartments Corporation Of Metrolina 5 and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.