Overview
What is Wesley Heights Of Taylorsville Inc?
Wesley Heights of Taylorsville Inc, situated in Charlotte, North Carolina, is a nonprofit organization that provides subsidized housing for individuals with special needs and the elderly. Operating from an apartment complex consisting of six units, this organization adheres to regulations set by the North Carolina Housing Finance Agency (NCHFA), which govern rental charges and operational methods. Their mission involves offering affordable housing solutions to those in need, ensuring a comfortable living environment for these vulnerable populations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating
Wesley Heights of Taylorsville Inc has received a score of 58%, leading to a One-Star rating primarily based on its Accountability & Finance metrics. While the organization exhibits strengths such as an independent board and high program expense ratio, the overall performance is negatively impacted by significant issues in governance policies and financial health.
The nonprofit has a strong record in areas like independent board membership and program expenses, indicating a commitment to its mission. However, it has not implemented essential governance practices, such as having a conflict of interest policy and a whistleblower policy, both of which are critical for transparency and accountability.
Additionally, the organization's liabilities exceed its assets significantly, raising concerns about its financial stability. The lack of publicly available tax documents further detracts from its overall accountability, highlighting areas for improvement in financial management and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Heights Of Taylorsville Inc legitimate?
Wesley Heights Of Taylorsville Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Heights Of Taylorsville 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
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What is the mission statement of Wesley Heights Of Taylorsville Inc?
Wesley Heights of Taylorsville Inc is committed to providing subsidized housing for individuals with special needs and the elderly. Operating under regulations set by the North Carolina Housing Finance Agency (NCHFA), the organization ensures that rental charges and operating methods are governed appropriately. The primary goal of Wesley Heights is to offer a home to these vulnerable groups, providing them with a suitable living environment through an apartment complex consisting of six units.
Who is the CEO of Wesley Heights Of Taylorsville Inc?
William Bolstad is the President of Wesley Heights Of Taylorsville Inc.
What is the revenue of Wesley Heights Of Taylorsville Inc?
Wesley Heights Of Taylorsville Inc's revenue in 2022 was $33,918.
Who are the executives of Wesley Heights Of Taylorsville Inc and what are their salaries?
There 3 volunteers at Wesley Heights Of Taylorsville Inc.
Here are 3 key members and their salaries:
- 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 Wesley Heights Of Taylorsville Inc?
Wesley Heights Of Taylorsville Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wesley Heights Of Taylorsville Inc
Wesley Heights of Taylorsville Inc is dedicated to providing subsidized housing for special needs and elderly individuals. In line with North Carolina Housing Finance Agency (NCHFA) regulations governing rental charges and operating methods, this nonprofit organization ensures that its housing services are accessible and affordable for its residents. The mission of Wesley Heights of Taylorsville Inc is to offer a welcoming and secure living environment for its residents, providing them with the necessary support to maintain their independence and quality of life. The organization achieves this by managing an apartment complex of six units, where special needs and elderly individuals can reside in a supportive and inclusive community. By adhering to the stipulations set forth by NCHFA, Wesley Heights of Taylorsville Inc ensures that its housing services are not only affordable but also comply with the necessary regulations, thereby providing a safe and sustainable living solution for its residents.
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Impact
August, 2024
Wesley Heights Of Taylorsville Inc's impact is seen through its provision of subsidized housing for special needs and elderly individuals in Charlotte, NC. By offering housing through an apartment complex consisting of 6 units, the organization plays a crucial role in providing a safe and affordable living environment for this vulnerable population. Wesley Heights Of Taylorsville Inc's mission to offer subsidized housing adhering to NCHFA regulations governing rental charges and operating methods directly benefits special needs and elderly residents in the community, ensuring they have access to suitable accommodations.
This information is meant to be a general summary of Wesley Heights Of Taylorsville 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: $5
- Program Service Revenue: $33,913
- Gross Receipts: $33,918
Assets and Liabilities:
- Total Assets: $524,218
- Total Liabilities: $724,180
- Net Assets: -$199,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$33,863
TENANT CHARGES
Revenue
$50
Organization Details
Founding Year
2009
Phone
(980) 321-4738Principal Officer
William Bolstad
Main Address
4600 PARK ROAD SUITE 390, CHARLOTTE, NC, 28209
NTEE Category
Code: L21 - Housing
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