Overview
What is Episcopal-Catholic Apartments Inc?
Episcopal-Catholic Apartments Inc is a nonprofit organization situated in Winter Haven, Florida. Their primary mission is to offer affordable housing options to the elderly, adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202. By providing low-income housing, they aim to contribute positively to the community in and around Winter Haven, Florida.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Episcopal-Catholic Apartments Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization boasts an impressive accountability score of 86%, with a fully independent board of directors and rigorous oversight of its financial statements. This suggests a commitment to transparency and responsible management of resources.
The organization excels in its program expense ratio, with 93.69% of its expenses directed towards its programs. This high percentage reflects an effective use of funds to fulfill its mission, which is a key indicator of a nonprofit’s operational efficiency. The lack of any material diversion of assets and a well-documented conflict of interest policy further reinforce its trustworthy status.
However, while the rating is commendable, it serves as a reminder that there is always room for improvement in any nonprofit’s operations. Stakeholders may want to keep an eye on how the organization evolves and addresses any potential challenges in the future, despite its current strong standing.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal-Catholic Apartments Inc legitimate?
Episcopal-Catholic Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal-Catholic Apartments 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: $252,928
For more financial information, click here
What is the mission statement of Episcopal-Catholic Apartments Inc?
Episcopal-Catholic Apartments Inc is committed to providing low-income housing specifically for the elderly in an unspecified location. This mission is carried out under the HUD Section 202, indicating a governmental support for this noble cause. The organization's primary goal is to ensure that elderly individuals in need have a place to call home, promoting their well-being and independence. By providing this vital service, Episcopal-Catholic Apartments Inc contributes to the overall community by ensuring that its elderly members have a secure and comfortable living environment.
Who is the CEO of Episcopal-Catholic Apartments Inc?
Neal Young is the President of Episcopal-Catholic Apartments Inc.
What is the revenue of Episcopal-Catholic Apartments Inc?
Episcopal-Catholic Apartments Inc's revenue in 2022 was $2,055,795.
Who are the executives of Episcopal-Catholic Apartments Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Episcopal-Catholic Apartments Inc?
Episcopal-Catholic Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Episcopal-Catholic Apartments Inc
Episcopal-Catholic Apartments Inc is committed to providing low-income housing for the elderly in an unspecified vicinity. The organization's mission is to serve this particular demographic, ensuring they have a place to call home. This mission is carried out under the HUD Section 202, which is a government program that supports affordable housing for elderly individuals. The goal of Episcopal-Catholic Apartments Inc is to make a tangible difference in the lives of the elderly by providing them with safe and comfortable housing.
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Impact
October, 2024
Episcopal-Catholic Apartments Inc plays a vital role in enhancing the quality of life for elderly individuals in the Winter Haven, Florida area by providing low-income housing options. Through its commitment to affordable living, the organization addresses the pressing need for suitable housing for seniors, particularly under the HUD Section 202 program. This initiative helps ensure that elderly residents have access to safe, stable, and affordable homes, allowing them to maintain their independence while being part of a supportive community. By focusing on the specific needs of low-income seniors, Episcopal-Catholic Apartments Inc not only fosters a sense of security and belonging but also contributes to the overall well-being and dignity of aging populations in the region.
This information is meant to be a general summary of Episcopal-Catholic Apartments 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: $13,532
- Program Service Revenue: $2,042,263
- Gross Receipts: $2,055,795
Assets and Liabilities:
- Total Assets: $3,083,962
- Total Liabilities: $139,789
- Net Assets: $2,944,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM TENANTS
Revenue
$1,083,371
RENT FROM HUD SUPPLEMENTS
Revenue
$859,184
OTHER PROGRAM SERVICE
Revenue
$99,708
Organization Details
Founding Year
1972
Principal Officer
Neal Young
Main Address
500 AVENUE L NW, WINTER HAVEN, FL, 33881
NTEE Category
Code: L22 - Housing
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