Overview
What is College Arms Towers Inc?
College Arms Towers Inc is a church-related, non-profit organization situated in Orlando, Florida, with a postal address at 80 W Lucerne Circle, FL 32801. Their primary mission is to provide housing and services for low-income elderly citizens, adhering to Section 8 and 202 under the National Housing Act. They operate a 198-unit facility, dedicated to upholding the dignity, rights, self-respect, and independence of each resident while utilizing resources efficiently. In summary, College Arms Towers Inc is a compassionate organization providing affordable and respectful living arrangements for the elderly in Orlando.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
College Arms Towers Inc has achieved a 79% rating, reflecting a strong emphasis on accountability and financial management. This score is derived solely from its Accountability & Finance metrics, indicating that the organization is committed to maintaining transparency and responsible use of funds. The organization has a well-structured governance with an independent board, as evidenced by 80% of its board members being independent.
The nonprofit excels in various aspects of financial oversight, scoring full points in critical areas such as its financial statements, conflict of interest policy, and whistleblower protections. Additionally, it reports a program expense ratio of 100%, demonstrating that all of its expenditures are directed towards its mission-related programs.
While the overall score is solid, it is essential to note that the rating is based entirely on financial accountability, and there may be other areas of performance such as program outcomes or impact that are not captured in this score. Overall, College Arms Towers Inc displays strong governance practices and financial integrity, which are crucial for donor trust and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is College Arms Towers Inc legitimate?
College Arms Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Arms Towers 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: $425,483
For more financial information, click here
What is the mission statement of College Arms Towers Inc?
College Arms Towers Inc, as a church-related, non-profit organization, is dedicated and committed to providing services for older adults. They achieve this by creating and preserving excellent residential facilities. Their mission is rooted in honoring each individual's dignity, rights, self-respect, and independence. The organization is also committed to a stewardship program, recognizing the responsibility to use their resources wisely.
Who is the CEO of College Arms Towers Inc?
Henry Keith is the President/Ch of College Arms Towers Inc.
What is the revenue of College Arms Towers Inc?
College Arms Towers Inc's revenue in 2022 was $1,471,536.
Who are the executives of College Arms Towers Inc and what are their salaries?
The average compensation at College Arms Towers Inc during 2022 was $47,276. There are 9 employees at College Arms Towers Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $627,004
- Other: $12,206
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $531,910
- Other: $14,869
- 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 College Arms Towers Inc?
College Arms Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of College Arms Towers Inc
College Arms Towers Inc, a church-related, non-profit organization, is dedicated and committed to providing services for older adults. Their mission is centered around creating and preserving exceptional residential facilities for this demographic. The organization values and upholds the dignity, rights, self-respect, and independence of each individual residing in their facilities. College Arms Towers Inc is committed to a program of stewardship, recognizing the responsibility to utilize their resources effectively and responsibly. This approach reflects their belief in honoring the dignity and autonomy of the elderly, ensuring they can live with dignity and independence in their golden years.
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Impact
October, 2024
College Arms Towers Inc significantly contributes to the well-being of low-income elderly citizens in Orlando, Florida, by providing affordable housing solutions. Operating a facility with 198 units, the organization delivers essential support under the Section 8 and 202 programs defined by the National Housing Act. This ensures that older adults have access to safe and dignified living conditions.
The mission of College Arms Towers Inc emphasizes respect for each resident's dignity, rights, and independence. By upholding these values, the organization fosters a sense of community and belonging among its residents. This commitment not only enhances the quality of life for individuals but also positions the organization as a vital resource in the broader effort to support elderly populations.
Through its stewardship and responsible resource management, College Arms Towers Inc plays a crucial role in creating and preserving excellent residential facilities for older adults, making a meaningful impact in the lives of those it serves.
This information is meant to be a general summary of College Arms Towers 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 2022.
- Investment Income: -$5,335
- Program Service Revenue: $1,431,393
- Gross Receipts: $1,477,533
Assets and Liabilities:
- Total Assets: $6,663,001
- Total Liabilities: $4,621,144
- Net Assets: $2,041,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$1,089,032
FEES/CONTRACTS FROM GOV AGENC
Revenue
$338,191
OTHER REVENUE
Revenue
$4,170
Organization Details
Founding Year
1968
Phone
(407) 839-5050Principal Officer
Henry Keith
Main Address
80 W LUCERNE CIRCLE, ORLANDO, FL, 32801
NTEE Category
Code: L22Z - Housing
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