Overview
What is Allegre Point Senior Residences Inc?
Allegre Point Senior Residences Inc is a nonprofit organization established in 2006 under the state of Georgia, with a primary objective to construct, develop, and manage affordable housing for families, seniors, and individuals with special needs. They aim to provide housing that is both affordable and program-enriched, catering to those who lack necessary resources. Operating under Section 202 of the Housing Act of 1959, Allegre Point Senior Residences Inc is regulated by HUD in terms of rent charges and operating methods. The organization manages a 67-unit project located in Decatur, Georgia, operating under the name Allegre Point Senior Residences.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Allegre Point Senior Residences Inc has received an 81% rating from Charity Navigator, which translates to a solid Three-Star rating. This score is derived solely from their Accountability & Finance metrics, indicating a strong emphasis on responsible financial management and transparency within the organization.
The organization demonstrates robust practices in financial oversight, achieving full points in several key areas, including its audit processes and conflict of interest policy. Notably, it maintains a high program expense ratio of 97.11%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs, which is a positive sign for potential donors.
However, while the rating reflects commendable accountability and financial practices, it is important to note that the score is based solely on one category. This may limit the overall assessment of the organization's impact and effectiveness in achieving its mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Allegre Point Senior Residences Inc legitimate?
Allegre Point Senior Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allegre Point Senior Residences 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: $0
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Allegre Point Senior Residences Inc?
Allegre Point Senior Residences Inc is dedicated to financing, developing, and operating affordable housing for families, seniors, and individuals with special needs who lack necessary resources. Their purpose is to provide program-enriched housing, ensuring that these groups have access to essential living facilities. By operating under this mission, Allegre Point Senior Residences Inc aims to contribute positively to the lives of those in need, offering them a secure and enriching living environment.
Official website here: www.mercyhousing.org
What is the revenue of Allegre Point Senior Residences Inc?
Allegre Point Senior Residences Inc's revenue in 2023 was $491,492.
Official website here: www.mercyhousing.org
Who are the executives of Allegre Point Senior Residences Inc and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $138,709
- Other: $20,295
- Compensation: $0
- Related: $103,958
- Other: $34,463
- Compensation: $0
- Related: $68,705
- Other: $10,851
- Compensation: $0
- Related: $222,348
- Other: $10,201
- Compensation: $0
- Related: $104,239
- Other: $23,335
- Compensation: $0
- Related: $68,096
- Other: $10,817
- Compensation: $0
- Related: $104,921
- Other: $34,692
- Compensation: $0
- Related: $192,189
- Other: $8,496
- Compensation: $0
- Related: $195,218
- Other: $10,383
- Compensation: $0
- Related: $265,721
- Other: $33,798
- Compensation: $0
- Related: $84,979
- Other: $13,324
- Compensation: $0
- Related: $144,044
- Other: $28,632
Official website here: www.mercyhousing.org
Where can I find the form 990 for Allegre Point Senior Residences Inc?
Allegre Point Senior Residences Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mercyhousing.org
Learn more at the official website: www.mercyhousing.org
Mission Statement of Allegre Point Senior Residences Inc
Allegre Point Senior Residences Inc, established as a non-profit corporation, is dedicated to financing, developing, and operating affordable, program-enriched housing for families, seniors, and individuals with special needs who are lacking in necessary resources. The organization's primary purpose is to ensure that vulnerable populations have access to a living space that caters to their specific needs, while also providing enriching programs to enhance their quality of life. By constructing, developing, and operating low-income residential housing projects, Allegre Point Senior Residences Inc aims to make a significant impact in the lives of those who require such assistance. The organization's mission is aligned with the Housing Act of 1959, as regulated by HUD, ensuring that rent charges and operating methods adhere to strict guidelines. The property operated by Allegre Point Senior Residences Inc, located in Decatur, Georgia, currently consists of 67 rental units, providing a safe and affordable living environment for its residents.
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Impact
July, 2024
Allegre Point Senior Residences Inc's impact lies in providing affordable, program-enriched housing for families, seniors, and people with special needs who lack necessary resources. By financing, developing, and operating such housing projects, Allegre Point contributes to addressing the pressing issue of housing insecurity among vulnerable populations. Through its work, Allegre Point Senior Residences Inc directly improves the quality of life for those in need of affordable housing, offering a safe and supportive environment for individuals and families to thrive.
This information is meant to be a general summary of Allegre Point Senior Residences 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: $5,697
- Program Service Revenue: $234,522
- Gross Receipts: $491,492
Assets and Liabilities:
- Total Assets: $3,529,709
- Total Liabilities: $72,037
- Net Assets: $3,457,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$234,522
Organization Details
Founding Year
2006
Principal Officer
James Alexander
Website
www.mercyhousing.orgNTEE Category
Code: L22 - Housing
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