Overview
What is Umphress Terrace?
Umphress Terrace is a 53-unit residential living community situated in Dallas, Texas (75214). As a nonprofit organization, its primary mission is to offer affordable housing to seniors aged 62 and older with limited income, residing within a secure, gated environment. This community aims to serve low-income seniors, providing them with a comfortable living space to call home. The organization employs a small team of five individuals, committed to upholding this noble cause.
Official website here: www.umphressterrace.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Umphress Terrace has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a score of 97%, the organization excels in key areas, including having an entirely independent board and effectively managing its financial resources. The high program expense ratio of 96.70% indicates that a significant portion of its expenditures directly supports its programs rather than administrative costs.
The organization demonstrates transparency and good governance practices, as evidenced by its comprehensive conflict of interest and whistleblower policies, as well as a well-documented board meeting process. The organization's liabilities to assets ratio is low, which suggests a sound financial footing and responsible management of its resources.
However, the compensation of key personnel is noteworthy, with the President/CEO earning a salary of $344,422 and the Vice President receiving $155,904. While this is not uncommon for nonprofit leadership, it may raise questions for some donors regarding the allocation of funds. Overall, Umphress Terrace showcases a strong performance in financial health and governance, making it a trustworthy choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Umphress Terrace legitimate?
Umphress Terrace is a legitimate nonprofit organization registered as a 501(c)(3) entity. Umphress Terrace 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: $101,533
For more financial information, click here
Official website here: www.umphressterrace.org/
What is the mission statement of Umphress Terrace?
Umphress Terrace is committed to providing affordable housing for low-income seniors. This mission is carried out by offering residential living facilities to individuals aged 62 and above with limited income, ensconced within a secure gated community consisting of 53 units. The organization's primary goal is to ensure that senior citizens in need of affordable housing have access to a comfortable living environment.
Official website here: www.umphressterrace.org/
Who is the CEO of Umphress Terrace?
Russell Crews is the Chair of Umphress Terrace. The CEO's salary of Umphress Terrace is $0 and their total compensation is $254,995.
Official website here: www.umphressterrace.org/
What is the revenue of Umphress Terrace?
Umphress Terrace's revenue in 2022 was $463,814.
Official website here: www.umphressterrace.org/
Who are the executives of Umphress Terrace and what are their salaries?
The average compensation at Umphress Terrace during 2022 was $20,307. There are 5 employees and 15 volunteers at Umphress Terrace.
Here are 7 key members and their salaries (Umphress Terrace's CEO's salary is $0 and their total compensation is $254,995):
- 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: $254,995
- Other: $0
Official website here: www.umphressterrace.org/
Where can I find the form 990 for Umphress Terrace?
Umphress Terrace's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umphressterrace.org/
Learn more at the official website: www.umphressterrace.org/
Mission Statement of Umphress Terrace
Umphress Terrace, a nonprofit organization, is dedicated to providing affordable housing to senior citizens who have limited income. This community, home to 53 residents aged 62 and above, offers a secure living environment with residential units. The mission of Umphress Terrace is to ensure that elderly individuals can maintain a comfortable living standard, despite their financial constraints. By providing affordable housing, this organization aims to empower seniors and contribute to their overall well-being.
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Impact
July, 2024
Umphress Terrace's impact is significant in providing affordable housing to low-income seniors aged 62 and older in a gated 53-unit residential living community in Dallas, Texas. This organization plays a vital role in addressing the housing needs of a vulnerable population, ensuring that seniors with limited incomes have a safe and secure place to live. By offering affordable housing options, Umphress Terrace helps seniors maintain their independence and quality of life, contributing to their overall well-being and stability.
This information is meant to be a general summary of Umphress Terrace. 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: $47
- Program Service Revenue: $402,093
- Gross Receipts: $463,814
Assets and Liabilities:
- Total Assets: $3,577,718
- Total Liabilities: $442,060
- Net Assets: $3,135,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$402,093
Organization Details
Founding Year
2006
Phone
(214) 391-9000Principal Officer
Russell Crews
Main Address
4847 WEST LAWTHER DRIVE 100, DALLAS, TX, 75214
Website
www.umphressterrace.org/NTEE Category
Code: L22 - Housing
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