Overview
What is Tap Inc?
Tap Inc, based in Troy, New York, is a nonprofit organization with a focus on property rental for individuals with moderate to low income. Serving approximately 50 individuals, Tap Inc's primary mission is to revitalize urban neighborhoods and historic structures, thereby contributing to the development of inclusive and healthier communities. The organization employs a team of 21 individuals, dedicated to this purpose. Their work involves restoring, rebuilding, and revitalizing urban areas, ultimately shaping vibrant and inclusive communities.
Official website here: www.tapinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Tap Inc has achieved an impressive score of 96% from Charity Navigator, indicating a high level of accountability and financial health. The rating is solely based on one beacon, which reflects the organization's strong performance in accountability and finance metrics. This indicates that Tap Inc effectively manages its resources and operates with transparency.
The organization boasts a fully independent board with 100% independent members, which speaks to its governance strength. It has also scored full points in areas such as financial oversight, conflict of interest policy, and whistleblower protections, demonstrating robust internal controls and ethical standards. Additionally, with a program expense ratio of 70.70%, a significant portion of its funds is directed toward its programs, reinforcing its commitment to its mission.
Despite these strengths, the summary does not highlight any limitations or areas for improvement, suggesting that Tap Inc maintains a solid reputation in the nonprofit sector. Overall, the favorable rating reflects well on its operational integrity and effectiveness in delivering its charitable objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Tap Inc legitimate?
Tap Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tap 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $587,784
For more financial information, click here
Official website here: www.tapinc.org
What is the mission statement of Tap Inc?
Tap Inc, as an organization, is committed to restoring, rebuilding, and revitalizing urban neighborhoods and historic structures. Their mission is to foster inclusive and healthy communities. Through their efforts, they aim to shape and improve living conditions in these areas. Additionally, Tap Inc provides property rental services to individuals with low to moderate incomes, serving approximately 50 individuals.
Official website here: www.tapinc.org
What is the revenue of Tap Inc?
Tap Inc's revenue in 2023 was $1,200,588.
Official website here: www.tapinc.org
Who are the executives of Tap Inc and what are their salaries?
The average compensation at Tap Inc during 2023 was $29,251. There are 23 employees at Tap Inc.
Here are 10 key members and their salaries:
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- Compensation: $85,000
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Official website here: www.tapinc.org
Where can I find the form 990 for Tap Inc?
Tap Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tapinc.org
Learn more at the official website: www.tapinc.org
Mission Statement of Tap Inc
Tap Inc, as a nonprofit organization, is dedicated to restoring, rebuilding, and revitalizing urban neighborhoods and historic structures. Their mission is to shape inclusive and healthy communities. By focusing on these areas, Tap Inc aims to contribute positively to the living conditions of low to moderate income individuals, serving approximately 50 such individuals through property rental. By restoring and revitalizing urban neighborhoods, Tap Inc is not only preserving historical structures but also creating welcoming and inclusive communities where people can thrive.
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Impact
October, 2024
Tap Inc has a profound impact on urban neighborhoods and historic structures in Troy, NY. By focusing on the restoration, rebuilding, and revitalization of these communities, Tap Inc plays a crucial role in shaping inclusive and healthy living environments.
Through its property rental initiatives, the organization provides low to moderate-income individuals with access to quality housing, serving approximately 50 residents. This not only helps to stabilize these individuals and families but also contributes to the overall health and vibrancy of the community.
Moreover, Tap Inc's efforts in urban renewal promote a sense of belonging and safety among residents, fostering community engagement and social cohesion. By prioritizing the restoration of historic structures, the organization also preserves the cultural heritage of Troy, ensuring that the history and character of the city are maintained for future generations. Overall, Tap Inc significantly enhances the quality of life in the neighborhoods it serves, promoting both individual well-being and community resilience.
This information is meant to be a general summary of Tap 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: $2,684
- Program Service Revenue: $692,628
- Gross Receipts: $1,215,296
Assets and Liabilities:
- Total Assets: $2,726,833
- Total Liabilities: $126,101
- Net Assets: $2,600,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DHCR CLIENTS/RENTAL
Revenue
$685,292
MISCELLANEOUS INCOME
Revenue
$7,336
Organization Details
Founding Year
1969
Principal Officer
Barbara L Nelson
Website
www.tapinc.orgNTEE Category
Code: L810 - Housing
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