Overview
What is Westland Taylor Corporation?
Westland Taylor Corporation is a nonprofit organization situated in Westland, Michigan, specifically at 36500 Marquette, ZIP code 48185. Their primary mission is to offer affordable housing to elderly and handicapped individuals, providing a home for approximately 293 tenants. The organization is dedicated to enhancing the living conditions and well-being of its residents, delivering certain essential services. With a workforce of 12 employees, Westland Taylor Corporation strives to make a positive impact in the community by catering to the unique needs of its elderly and disabled tenants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Westland Taylor Corporation has received a two-star rating from Charity Navigator, indicating that it requires improvement in several areas of accountability and financial management. The organization has a solid program expense ratio of 78.81%, demonstrating a commitment to utilizing its resources effectively towards its mission. Furthermore, it boasts a fully independent board with 77% of its members being independent, which is a positive aspect of its governance.
However, the organization faces significant challenges with its financial management. The liabilities to assets ratio is notably high at 94.26%, suggesting potential financial instability. Additionally, there are several missing policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for maintaining transparency and accountability.
Overall, while Westland Taylor Corporation demonstrates strengths in program spending and governance structure, it must address its financial issues and implement necessary policies to improve its overall rating and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Westland Taylor Corporation legitimate?
Westland Taylor Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westland Taylor Corporation 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: $540,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Westland Taylor Corporation?
Westland Taylor Corporation is committed to providing affordable housing for elderly and disabled individuals. Their mission is to offer a living space for these vulnerable groups, ensuring they have access to suitable accommodation. Besides housing, the corporation also provides certain essential services to its tenants, serving approximately 293 individuals in total.
Who is the CEO of Westland Taylor Corporation?
Eileen Dehart is the President of Westland Taylor Corporation.
What is the revenue of Westland Taylor Corporation?
Westland Taylor Corporation's revenue in 2022 was $2,985,331.
Who are the executives of Westland Taylor Corporation and what are their salaries?
The average compensation at Westland Taylor Corporation during 2022 was $45,056. There are 12 employees at Westland Taylor Corporation.
Here are 9 key members and their salaries:
- Compensation: $95,968
- Related: $12,000
- Other: $10,391
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $360
- Other: $0
- Compensation: $0
- Related: $360
- Other: $0
- Compensation: $0
- Related: $180
- Other: $0
- Compensation: $0
- Related: $120
- Other: $0
- Compensation: $0
- Related: $120
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Westland Taylor Corporation?
Westland Taylor Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westland Taylor Corporation
Westland Taylor Corporation, a non-profit organization, is dedicated to providing low-income housing for elderly and disabled individuals. Their mission is centered around offering a safe and comfortable living space for those who may face challenges in securing such accommodations on their own. Beyond just housing, Westland Taylor Corporation also extends certain services to its tenants, aiming to enhance their quality of life. As of now, the organization is serving approximately 293 tenants, making a significant impact in their lives.
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Impact
October, 2024
Westland Taylor Corporation plays a vital role in addressing housing needs for vulnerable populations, specifically elderly and disabled individuals. By providing low-income housing, the organization ensures that approximately 293 tenants can secure stable and affordable living conditions. This not only enhances their quality of life but also fosters a sense of community and support among residents.
In addition to housing, Westland Taylor Corporation offers essential services, which further empowers tenants and helps them navigate daily challenges. By addressing both housing and support needs, the organization significantly contributes to the well-being and dignity of the individuals it serves in Westland, Michigan. This impact resonates through improved health outcomes, social cohesion, and increased independence for elderly and disabled tenants.
This information is meant to be a general summary of Westland Taylor Corporation. 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: $468
- Program Service Revenue: $1,269,256
- Gross Receipts: $2,985,331
Assets and Liabilities:
- Total Assets: $11,856,015
- Total Liabilities: $11,175,939
- Net Assets: $680,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,269,256
Organization Details
Founding Year
2009
Phone
(734) 467-3185Principal Officer
Eileen Dehart
Main Address
36500 Marquette, Westland, MI, 48185
NTEE Category
Code: P99 - Human services
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