Overview
What is Dunbar Heritage Apartments Inc?
Dunbar Heritage Apartments Inc is a nonprofit organization committed to serving the housing needs of low-income elderly citizens. Based on Section 202 of the National Housing Act, they offer 14 housing units, ensuring affordable living for this population segment. The organization's primary mission revolves around providing a safe and comfortable environment for the elderly, thereby contributing to their well-being and overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Dunbar Heritage Apartments Inc has received a two-star rating from Charity Navigator, with an overall score of 65%. This rating indicates that while the organization has some strong points, it also faces significant challenges regarding transparency and financial management.
The organization demonstrates a robust commitment to governance, as reflected in its perfect scores for independent board members, board size, and conflict of interest policy. Furthermore, it excels in program expenses, with a program expense ratio of 95.09%, indicating that a high percentage of its funds is directed towards its mission. However, the nonprofit struggles with financial stability, as evidenced by a liabilities to assets ratio of 179.13%, which raises concerns about its financial health.
Additionally, Dunbar Heritage Apartments Inc has several missing policies and disclosures, such as a whistleblower policy, document retention policy, and tax forms on its website. These gaps in accountability suggest that there is a need for improvement in transparency and adherence to best practices, which are vital for building trust with stakeholders and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Dunbar Heritage Apartments Inc legitimate?
Dunbar Heritage Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dunbar Heritage 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: $11,396
For more financial information, click here
What is the mission statement of Dunbar Heritage Apartments Inc?
Dunbar Heritage Apartments Inc is dedicated to providing 14 affordable housing units for the elderly, adhering to Section 202 of the National Housing Act. The organization's primary goal is to cater to the housing needs of low-income elderly residents, offering a welcoming environment. Its program focuses on offering affordable housing as a means of support for this specific demographic.
Who is the CEO of Dunbar Heritage Apartments Inc?
Unavailable
What is the revenue of Dunbar Heritage Apartments Inc?
Dunbar Heritage Apartments Inc's revenue in 2022 was $74,430.
Who are the executives of Dunbar Heritage Apartments Inc and what are their salaries?
The average compensation at Dunbar Heritage Apartments Inc during 2022 was $5,698. There are 2 employees and 4 volunteers at Dunbar Heritage Apartments Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Dunbar Heritage Apartments Inc?
Dunbar Heritage Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dunbar Heritage Apartments Inc
Dunbar Heritage Apartments Inc, as a nonprofit organization, is dedicated to providing 14 affordable housing units for the elderly. This mission is carried out under Section 202 of the National Housing Act. The organization's primary objective is to cater to the housing needs of low-income elderly citizens, offering them a secure and comfortable living environment. By providing these housing units, Dunbar Heritage Apartments Inc contributes to enhancing the quality of life for the elderly population, ensuring they have access to decent and affordable housing.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Dunbar Heritage Apartments Inc's impact lies in providing 14 low-income housing units for elderly individuals under Section 202 of the National Housing Act in Shawnee, Oklahoma. Through this initiative, the organization offers affordable housing options for elderly citizens, addressing a critical need in the community. By ensuring access to safe and affordable housing for this vulnerable population, Dunbar Heritage Apartments Inc positively impacts the lives of those in need of such support.
This information is meant to be a general summary of Dunbar Heritage 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: $19
- Program Service Revenue: $29,713
- Gross Receipts: $74,430
Assets and Liabilities:
- Total Assets: $694,361
- Total Liabilities: $1,243,833
- Net Assets: -$549,472
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$29,703
Laundry and Vending
Revenue
$10
Organization Details
Founding Year
2007
Main Address
1900 North Kickapoo Street, Shawnee, OK, 74804
NTEE Category
Code: L20 - Housing
If you are a representative of Dunbar Heritage Apartments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.