Overview
What is Tanglewood Apartments Inc?
Tanglewood Apartments Inc is a nonprofit organization situated in Melbourne, Arkansas, dedicated to offering housing solutions for individuals with limited income. They achieve this goal by leveraging federal assistance provided by HUD, a U.S. agency, through their Section 202 housing program. By doing so, Tanglewood Apartments Inc contributes significantly to providing affordable housing for those in need, ultimately enhancing living conditions in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Tanglewood Apartments Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The organization's score is primarily derived from its Accountability & Finance metrics, reflecting a solid commitment to responsible financial practices.
Strengths of Tanglewood Apartments Inc include a fully independent board, with all members being independent, and no material diversion of assets reported. Additionally, the organization demonstrates strong financial health with a very low liabilities to assets ratio of 1.57% and an impressive program expense ratio of 95.14%, meaning that the majority of its expenses are directed towards its programs.
However, despite these strengths, the overall score of 73% suggests there is room for improvement in certain areas of accountability and transparency. Organizations rated in this range may need to enhance their practices to build greater trust and engagement with their stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Tanglewood Apartments Inc legitimate?
Tanglewood Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tanglewood 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: $0
For more financial information, click here
What is the mission statement of Tanglewood Apartments Inc?
Tanglewood Apartments Inc's mission is centered around providing housing for individuals with low income, leveraging federal assistance provided by HUD. The organization's primary aim is to make housing accessible to this demographic, ensuring they have a place to live with necessary support. By operating a Section 202 housing program, Tanglewood Apartments Inc plays a crucial role in addressing housing needs, thereby contributing to the well-being of these individuals.
Who is the CEO of Tanglewood Apartments Inc?
Katy Blevins is the President of Tanglewood Apartments Inc.
What is the revenue of Tanglewood Apartments Inc?
Tanglewood Apartments Inc's revenue in 2022 was $62,598.
Who are the executives of Tanglewood Apartments Inc and what are their salaries?
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 Tanglewood Apartments Inc?
Tanglewood Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tanglewood Apartments Inc
Tanglewood Apartments Inc, as a nonprofit organization, is dedicated to providing housing solutions for individuals with low income. Leveraging federal assistance from HUD, this mission is accomplished through a Section 202 housing program. This program enables Tanglewood Apartments Inc to offer a decent place to call home for those in need, thereby contributing positively to their living conditions. By providing housing assistance, Tanglewood Apartments Inc plays a significant role in promoting a sense of stability and security for its residents, empowering them to focus on other aspects of their lives.
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Impact
August, 2024
Tanglewood Apartments Inc's impact includes providing housing for low income individuals through the operation of a section 202 housing program with federal assistance from HUD. Their mission to offer affordable housing to those in need helps improve the quality of life for individuals facing financial challenges in Melbourne, AR. By addressing the housing needs of low income residents, Tanglewood Apartments Inc contributes to creating a more stable and supportive community for vulnerable populations in the area.
This information is meant to be a general summary of Tanglewood 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: $2
- Program Service Revenue: $44,797
- Gross Receipts: $62,598
Assets and Liabilities:
- Total Assets: $941,307
- Total Liabilities: $9,347
- Net Assets: $931,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$44,261
OTHER TENANT CHARGES
Revenue
$536
Organization Details
Founding Year
2010
Phone
(870) 368-5200Principal Officer
Katy Blevins
Main Address
PO BOX 650, MELBOURNE, AR, 72556
NTEE Category
Code: L22 - Housing
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