Overview
What is Shenandoah Apartments?
Shenandoah Apartments is a 20-unit housing complex situated in Cookeville, Tennessee (TN 38501), specifically at 1104 England Drive. This nonprofit organization focuses on providing affordable housing to senior citizens. The property is dedicated to serving the elderly and ensures a living environment that promotes their well-being. To make this possible, rental assistance is granted to eligible residents based on their income levels, through a program supported by the U.S. Department of Housing and Urban Development (HUD).
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Shenandoah Apartments has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The overall score is derived entirely from a single beacon score, which emphasizes the organization’s commitment to financial health and transparency. With a significant focus on maintaining an independent board and effective governance policies, the organization demonstrates a robust structure that supports its mission.
The charity received full marks in several key areas, including having an entirely independent board and no material diversion of assets. Their conflict of interest, whistleblower, and document retention policies are all well-established, contributing to a reliable operational framework. Furthermore, a very low liabilities to assets ratio of 4.71% and a high program expense ratio of 90.18% showcase their efficient use of resources towards their programs and initiatives.
While the rating reflects positively on Shenandoah Apartments, continuous monitoring of their financial practices and transparency is essential for sustaining their reputable status in the nonprofit sector. Overall, their commitment to accountability and effective management stands out as a significant strength.
This AI summary has been generated from information found on Charity Navigator.
Is Shenandoah Apartments legitimate?
Shenandoah Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shenandoah Apartments 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 Shenandoah Apartments?
Shenandoah Apartments is dedicated to serving the elderly population by offering affordable housing. The organization goes to great lengths to create an environment that promotes the well-being of its residents. The property operates a 20-unit apartment complex, specifically designed to provide low-income housing for senior citizens. Rental assistance is provided based on income levels, with support from HUD. Overall, Shenandoah Apartments strives to provide a comfortable and supportive living environment for its elderly residents.
Who is the CEO of Shenandoah Apartments?
Myra Walker is the Secretary/Treasurer of Shenandoah Apartments.
What is the revenue of Shenandoah Apartments?
Shenandoah Apartments's revenue in 2023 was $112,754.
Who are the executives of Shenandoah Apartments and what are their salaries?
Here are 3 key members and their salaries:
- 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 Shenandoah Apartments?
Shenandoah Apartments's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Shenandoah Apartments
Shenandoah Apartments, a 20-unit housing complex, is committed to serving the elderly population through affordable housing. The organization strives to create an environment that promotes the well-being of its residents. This commitment extends beyond just providing a place to live, as Shenandoah Apartments makes every effort to ensure that the living conditions are conducive to the elderly's overall wellness. To achieve this, rental assistance is provided based on income levels, making the housing affordable for senior citizens. This dedication to serving the elderly through affordable housing and a supportive living environment is the core mission of Shenandoah Apartments.
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Impact
October, 2024
Shenandoah Apartments plays a crucial role in addressing the housing needs of elderly residents in Cookeville, TN, by providing affordable living options in a supportive environment. With a 20-unit apartment complex dedicated to low-income senior citizens, it ensures that this vulnerable population has access to safe and comfortable housing. The provision of rental assistance through HUD helps alleviate financial burdens, allowing seniors to allocate their limited resources toward other essential needs.
By fostering a community that prioritizes the well-being of its residents, Shenandoah Apartments promotes a sense of belonging and stability. The commitment to creating an environment conducive to physical and emotional health enables seniors to maintain their independence and enhances their quality of life. In this way, Shenandoah Apartments not only meets immediate housing needs but also contributes to the overall health and vitality of the elderly population in the area.
This information is meant to be a general summary of Shenandoah Apartments. 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: $4
- Program Service Revenue: $64,341
- Gross Receipts: $112,754
Assets and Liabilities:
- Total Assets: $961,328
- Total Liabilities: $45,291
- Net Assets: $916,037
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUP HOME OPERATIONS
Revenue
$64,341
Organization Details
Founding Year
2003
Phone
(931) 432-4111Principal Officer
Myra Walker
Main Address
1104 ENGLAND DRIVE, COOKEVILLE, TN, 38501
NTEE Category
Code: L22 - Housing
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