Overview
What is Westend Terzetto's?
Westend Terzetto's is a nonprofit organization situated in Grand Forks, North Dakota. Their primary focus is on providing and managing affordable housing for the elderly and disabled community. They ensure the upkeep and operation of these residences, offering a safe and supportive living environment. The organization's mission is deeply rooted in fostering inclusivity and empowering these vulnerable populations, thereby contributing positively to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Stars
Westend Terzetto has earned an overall rating of 87% from Charity Navigator, signifying a strong emphasis on accountability and finance. This score is based solely on financial metrics, reflecting the organization's commitment to maintaining high standards in these areas. The rating is particularly noteworthy as it highlights the charity's responsible management of resources and adherence to best practices.
The organization boasts a fully independent board, with 80% of its members falling into this category, which is crucial for ensuring unbiased governance. Additionally, Westend Terzetto has demonstrated excellent financial health, with a low liabilities to assets ratio of 20.79% and a program expense ratio of 91.02%. Such figures indicate that the majority of their expenses are directed towards their programs rather than administrative costs, enhancing their credibility as a nonprofit.
However, while the score reflects strong financial accountability, it is essential to consider that the rating focuses exclusively on this aspect. Future evaluations might benefit from incorporating additional metrics, such as program effectiveness and community impact, to provide a more comprehensive view of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Westend Terzetto's legitimate?
Westend Terzetto's is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westend Terzetto's 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 Westend Terzetto's?
Westend Terzetto's mission revolves around managing low-income housing facilities, specifically catering to the elderly and disabled individuals. The organization is dedicated to providing a living space for these groups who may have limited financial resources. By owning, operating, and managing these properties, Westend Terzetto's aims to contribute positively to the lives of these vulnerable populations, ensuring they have a suitable place to reside.
Who is the CEO of Westend Terzetto's?
Curt Kreun is the President of Westend Terzetto's.
What is the revenue of Westend Terzetto's?
Westend Terzetto's's revenue in 2022 was $86,065.
Who are the executives of Westend Terzetto's and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $174,544
- Other: $38,643
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Where can I find the form 990 for Westend Terzetto's?
Westend Terzetto's's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westend Terzetto's
Westend Terzetto's, as a nonprofit organization, is dedicated to a mission of managing and operating low-income housing for the elderly and disabled. Their primary objective is to provide a secure living environment for individuals who may face financial challenges and physical limitations. By owning and managing these housing facilities, Westend Terzetto's aims to ensure that these vulnerable groups have access to suitable and affordable accommodations. The organization's mission is not just about providing a roof over their heads, but also about ensuring their comfort and well-being, thereby contributing positively to their overall quality of life.
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Impact
October, 2024
Westend Terzetto plays a crucial role in improving the quality of life for elderly and disabled individuals in Grand Forks, ND, by providing access to affordable housing. By owning, operating, and managing low-income housing, it addresses a significant need in the community, ensuring that vulnerable populations have stable and secure living environments.
The organization's focus on this demographic not only supports individual well-being but also fosters a sense of community, allowing residents to connect with one another in a supportive atmosphere. This focus on accessibility and affordability is particularly important, as it reduces the financial burden on individuals who may be living on fixed incomes due to retirement or disability.
In a broader sense, Westend Terzetto's impact extends to enhancing community cohesion and stability. When elderly and disabled individuals have reliable housing, it leads to increased independence and dignity, allowing them to thrive in their later years. The organization contributes to mitigating homelessness and housing insecurity, ultimately promoting better public health outcomes and reducing reliance on emergency services.
Through its dedicated mission, Westend Terzetto becomes a vital player in fostering inclusive communities where everyone has the opportunity to live with respect and dignity.
This information is meant to be a general summary of Westend Terzetto's. 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: $299
- Program Service Revenue: $49,572
- Gross Receipts: $86,065
Assets and Liabilities:
- Total Assets: $251,069
- Total Liabilities: $52,221
- Net Assets: $198,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$49,572
Organization Details
Founding Year
2005
Phone
(701) 746-2545Principal Officer
Curt Kreun
Main Address
1405 1ST AVE N, GRAND FORKS, ND, 58203
NTEE Category
Code: L20 - Housing
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