Overview
What is Madison Place Of Tallulah Inc?
Madison Place of Tallulah Inc is a nonprofit organization situated in Ferriday, Louisiana. Their primary focus is on providing affordable housing for the elderly with low incomes. They achieve this through their 16-unit apartment complex program, offering a supportive living environment for this specific demographic. The organization's mission is deeply rooted in the provision of essential housing solutions, ensuring that elderly individuals can maintain their dignity and livelihood in a secure and comfortable setting.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Madison Place Of Tallulah Inc received a two-star rating from Charity Navigator, reflecting a score of 73%. This rating indicates that while the organization demonstrates strong accountability and financial management, there are significant shortcomings in transparency and policy adherence. Notably, the nonprofit scored full points for its independent board members and the absence of material diversion of assets, which speak to its governance structure and financial integrity.
However, the organization has been flagged for missing essential governance policies, such as a conflict of interest policy and a whistleblower policy, resulting in low scores in these areas. Additionally, the lack of a website listed on the tax form and the absence of tax-related documents on its site further contribute to the need for improvement in transparency and public accountability. These omissions highlight the organization’s need to bolster its operational policies to foster greater trust among stakeholders.
Despite the challenges noted, Madison Place Of Tallulah Inc maintains a commendable program expense ratio of 72.80%, indicating that a significant portion of its resources is allocated to its programs. Addressing governance and transparency issues will be critical for the nonprofit to enhance its overall rating and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Place Of Tallulah Inc legitimate?
Madison Place Of Tallulah Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Place Of Tallulah 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: $25,520
For more financial information, click here
What is the mission statement of Madison Place Of Tallulah Inc?
Madison Place Of Tallulah Inc is dedicated to providing affordable housing for the elderly with low income. This is accomplished through their 16-unit apartment complex program, situated in Ferriday, Louisiana. The organization's primary mission is to offer a comfortable living environment for this demographic, ensuring they have access to a suitable residence. By providing such housing, Madison Place Of Tallulah Inc contributes to the well-being and independence of the elderly population, allowing them to maintain their dignity and quality of life.
Who is the CEO of Madison Place Of Tallulah Inc?
Debra Walker is the Secretary of Madison Place Of Tallulah Inc.
What is the revenue of Madison Place Of Tallulah Inc?
Madison Place Of Tallulah Inc's revenue in 2023 was $74,288.
Who are the executives of Madison Place Of Tallulah Inc and what are their salaries?
The average compensation at Madison Place Of Tallulah Inc during 2023 was $8,507. There are 3 employees at Madison Place Of Tallulah Inc.
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Where can I find the form 990 for Madison Place Of Tallulah Inc?
Madison Place Of Tallulah Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Madison Place Of Tallulah Inc
Madison Place of Tallulah Inc is a nonprofit organization dedicated to providing low income housing solutions for the elderly. Their mission is carried out through the operation of a 16-unit apartment complex program, located in Ferriday, Louisiana. This housing initiative aims to cater to the needs of the elderly, offering them a secure and comfortable living environment. By providing this service, Madison Place of Tallulah Inc contributes to the well-being of its elderly community members, ensuring they have access to affordable and suitable housing.
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Impact
August, 2024
Madison Place of Tallulah Inc's impact lies in providing vital low-income housing for elderly individuals in Ferriday, LA. Through its 16-unit apartment complex program, Madison Place of Tallulah offers a safe and affordable living option for seniors in need. By addressing the housing needs of this vulnerable population, Madison Place of Tallulah plays a crucial role in enhancing the quality of life for elderly residents in the community.
This information is meant to be a general summary of Madison Place Of Tallulah 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: $110
- Program Service Revenue: $33,062
- Gross Receipts: $74,288
Assets and Liabilities:
- Total Assets: $578,421
- Total Liabilities: $42,732
- Net Assets: $535,689
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$33,062
Organization Details
Phone
(318) 757-2361Principal Officer
Debra Walker
Main Address
PO BOX 1793, FERRIDAY, LA, 71334
NTEE Category
Code: L22 - Housing
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