Overview
What is Corning Senior Apartments Inc?
Corning Senior Apartments Inc is a nonprofit organization situated in Osceola, Arkansas, specifically at 501 Magnolia Drive. Their primary mission is to provide affordable housing solutions for the elderly community in Corning, adhering to the guidelines set forth by the U.S. Department of Housing and Urban Development. Their dedicated efforts aim to meet the housing needs of elderly individuals within this region, ensuring they can maintain a comfortable living situation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Corning Senior Apartments Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's score is based entirely on its ability to manage financial resources responsibly, reflecting a strong commitment to transparency and efficient use of funds.
The organization demonstrates excellent governance with a 100% independent board, showcasing a strong ethical framework. Additionally, it has maintained a clean record with no material diversion of assets, and it adheres to a conflict of interest policy, further enhancing its credibility. The program expense ratio of 77.05% indicates that a significant majority of its expenditures directly support its mission.
While the organization has strengths in its financial practices, the data does not provide insight into program impact or effectiveness, which could complement its strong financial management profile. Overall, Corning Senior Apartments Inc shows a commitment to accountability that is commendable within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Corning Senior Apartments Inc legitimate?
Corning Senior Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corning Senior 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: $10,557
For more financial information, click here
What is the mission statement of Corning Senior Apartments Inc?
Corning Senior Apartments Inc is committed to providing low-income housing for the elderly, adhering to the guidelines set forth by the U.S. Department of Housing and Urban Development. Their mission is centered around ensuring eligible seniors have access to suitable housing, thereby contributing to their overall well-being. This organization strives to meet the housing needs of the elderly, upholding the regulations established by the U.S. Department of Housing and Urban Development.
Who is the CEO of Corning Senior Apartments Inc?
Kendrell Collins is the President of Corning Senior Apartments Inc.
What is the revenue of Corning Senior Apartments Inc?
Corning Senior Apartments Inc's revenue in 2023 was $74,416.
Who are the executives of Corning Senior Apartments Inc 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 Corning Senior Apartments Inc?
Corning Senior Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Corning Senior Apartments Inc
Corning Senior Apartments Inc, as a non-profit organization, is dedicated to providing low-income housing for the elderly. This mission is guided by the regulations set forth by the U.S. Department of Housing and Urban Development. The organization's primary goal is to create a living environment that caters to the needs of the elderly, ensuring they have access to affordable housing. By adhering to these standards, Corning Senior Apartments Inc strives to make a positive impact on the lives of its elderly residents, providing them with a safe and comfortable living space.
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Impact
August, 2024
Corning Senior Apartments Inc's impact lies in providing essential low-income housing to elderly individuals in Corning, Arkansas. By adhering to the requirements set forth by the U.S. Department of Housing and Urban Development, this organization plays a crucial role in ensuring that seniors in the community have access to safe and affordable housing options. This assistance is vital in promoting the well-being and quality of life for elderly residents who may face financial challenges and housing insecurity. Corning Senior Apartments Inc's dedication to fulfilling this mission helps to address a critical need within the community and positively impacts the lives of those they serve.
This information is meant to be a general summary of Corning Senior 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: $174
- Program Service Revenue: $74,242
- Gross Receipts: $74,416
Assets and Liabilities:
- Total Assets: $559,180
- Total Liabilities: $7,083
- Net Assets: $552,097
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT AND CHARGES
Revenue
$73,737
OTHER
Revenue
$505
Organization Details
Founding Year
2005
Phone
(870) 822-1380Principal Officer
Kendrell Collins
Main Address
501 MAGNOLIA DRIVE, OSCEOLA, AR, 72370
NTEE Category
Code: L22 - Housing
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