Overview
What is Capital Heights Place Ii Inc?
Capital Heights Place II Inc is a nonprofit organization situated in Birmingham, Alabama, dedicated to addressing the housing needs of low-income individuals. They accomplish this mission by providing 50 one-bedroom apartments, funded through Section 202 of the National Housing Act, overseen by HUD. The organization's primary activity is to offer affordable housing, ensuring that residents have a secure place to live. This initiative not only benefits the residents but also contributes positively to the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Star rating with a score of 52%
Capital Heights Place II Inc has received a one-star rating from Charity Navigator, indicating concerns regarding the nonprofit's accountability and financial practices. The organization has a high program expense ratio at 89.14%, suggesting that a significant portion of its resources is directed toward its programs. However, critical areas such as financial transparency are lacking, as indicated by a total absence of financial statements.
The organization benefits from a fully independent board, which is a positive aspect of its governance structure. All board members are reported as independent, and there are no issues related to the material diversion of assets. Nevertheless, the nonprofit has several missing policies, including those related to conflict of interest, whistleblower protections, and document retention, which raises questions about its operational integrity and adherence to best practices.
In summary, while Capital Heights Place II Inc appears to spend its funds effectively on its programs, the lack of financial documentation and missing governance policies significantly detracts from its overall rating. Stakeholders may want to seek more information regarding its financial health and operational policies before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Capital Heights Place Ii Inc legitimate?
Capital Heights Place Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Heights Place Ii 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
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What is the mission statement of Capital Heights Place Ii Inc?
Capital Heights Place II, as an organization, is committed to providing low-income housing. To accomplish this, they offer 50 one-bedroom apartments. This initiative is facilitated through Section 202 of the National Housing Act, which is regulated by HUD. The company's primary goal is to make affordable housing available, thereby addressing the housing needs of individuals with limited financial resources. The apartments are situated in an unspecified location, with Birmingham, AL, being mentioned as the location for this particular complex.
Who is the CEO of Capital Heights Place Ii Inc?
Eric H Lipp is the President of Capital Heights Place Ii Inc.
What is the revenue of Capital Heights Place Ii Inc?
Capital Heights Place Ii Inc's revenue in 2023 was $504,017.
Who are the executives of Capital Heights Place Ii Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Capital Heights Place Ii Inc?
Capital Heights Place Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Capital Heights Place Ii Inc
Capital Heights Place II, a nonprofit organization, is committed to providing affordable housing for low-income individuals. In line with its mission, it offers 50 one-bedroom apartments, which are made possible through Section 202 of the National Housing Act, overseen by the U.S. Department of Housing and Urban Development (HUD). By offering these affordable housing units, Capital Heights Place II aims to contribute to the well-being of the community by providing a shelter for those who need it most. The organization's mission is to make a difference in people's lives by ensuring they have a place to call home, regardless of their financial circumstances.
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Impact
July, 2024
Capital Heights Place II Inc's impact is evident through its provision of 50 one-bedroom apartments for low-income residents in Birmingham, AL. By leveraging Section 202 of the National Housing Act overseen by HUD, the organization fulfills its mission of offering affordable housing to those in need. This initiative directly contributes to addressing the housing challenges faced by low-income individuals and families in the community, ultimately improving their quality of life and providing a stable living environment.
This information is meant to be a general summary of Capital Heights Place Ii 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: $76
- Program Service Revenue: $503,941
- Gross Receipts: $504,017
Assets and Liabilities:
- Total Assets: $3,547,697
- Total Liabilities: $5,415,984
- Net Assets: -$1,868,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$173,311
LAUNDRY & VENDING
Revenue
$1,939
TENANT CHARGES
Revenue
$879
MISC REVENUE
Revenue
$182
Organization Details
Founding Year
2009
Phone
(205) 933-1020Principal Officer
Eric H Lipp
Main Address
3010 3RD AVE SOUTH, BIRMINGHAM, AL, 35233
NTEE Category
Code: L21 - Housing
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