Overview
What is Tapestry Development Group Inc?
Tapestry Development Group Inc, located in Decatur, Georgia, is a dedicated nonprofit organization with a focus on fostering the development of affordable housing apartments for low to moderate income tenants. Established at 120 West Trinity Place 4th Floor, the organization boasts a small yet committed team of 4 employees. Their primary mission involves working tirelessly to provide suitable housing solutions for individuals and families who fall within the specified income brackets. By doing so, they contribute significantly to enhancing overall community living standards and promoting social equality.
Official website here: www.tapestrydevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Tapestry Development Group Inc has received a solid score of 87%, which translates to a Three-Star rating. This rating is predominantly based on a single beacon score that focuses entirely on Accountability & Finance, indicating the organization's commitment to transparency and responsible financial management.
The charity demonstrates strong governance, with 100% of its board members being independent, which is a significant advantage in maintaining impartial oversight. Additionally, it has received full points for its financial statements audit and for having no material diversions of assets. Other positive aspects include well-established policies on conflict of interest, whistleblowing, and document retention, all contributing to a robust governance structure.
However, there is a slight area for improvement in the program expense ratio, which stands at approximately 65%. While this figure reflects a good portion of funds allocated to programs, it leaves room for enhancement. Overall, Tapestry Development Group Inc shows strong financial accountability but can strive for even greater efficiency in its program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Tapestry Development Group Inc legitimate?
Tapestry Development Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tapestry Development Group 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: $306,885
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,248
For more financial information, click here
Official website here: www.tapestrydevelopment.org
What is the mission statement of Tapestry Development Group Inc?
Tapestry Development Group Inc is committed to promoting the development of affordable housing apartments. Their mission is aimed at catering to the needs of individuals with moderate to low income, providing them with suitable living spaces. This organization actively works towards this goal, fostering the growth and construction of such housing units. By doing so, they aim to contribute to a more inclusive and equitable housing market. Their activities primarily revolve around developing and managing affordable housing complexes, ensuring that these tenants have access to decent living accommodations within their budget.
Official website here: www.tapestrydevelopment.org
Who is the CEO of Tapestry Development Group Inc?
Jonathan R Toppen is the Director of Tapestry Development Group Inc.
Official website here: www.tapestrydevelopment.org
What is the revenue of Tapestry Development Group Inc?
Tapestry Development Group Inc's revenue in 2022 was $1,286,352.
Official website here: www.tapestrydevelopment.org
Who are the executives of Tapestry Development Group Inc and what are their salaries?
The average compensation at Tapestry Development Group Inc during 2022 was $98,033. There are 4 employees at Tapestry Development Group Inc.
Here are 7 key members and their salaries:
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- Compensation: $210,306
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- Other: $0
Official website here: www.tapestrydevelopment.org
Where can I find the form 990 for Tapestry Development Group Inc?
Tapestry Development Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tapestrydevelopment.org
Learn more at the official website: www.tapestrydevelopment.org
Mission Statement of Tapestry Development Group Inc
Tapestry Development Group Inc, as a nonprofit organization, is committed to fostering the development of affordable housing apartments for individuals and families with moderate to low incomes. Their mission is centered around creating living spaces that are accessible and affordable, ensuring that these tenants have a place to call home. By focusing on the development of such apartments, Tapestry Development Group Inc aims to contribute to the well-being and stability of these communities, providing them with a secure living environment.
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Impact
October, 2024
Tapestry Development Group Inc focuses on addressing the critical need for affordable housing by developing apartments tailored for low to moderate-income tenants. By fostering the creation of such housing, Tapestry significantly impacts local communities in Decatur, GA, helping to alleviate housing insecurity and improve the quality of life for residents. Their commitment to affordable housing not only provides essential shelter but also promotes social stability and economic mobility, enabling individuals and families to thrive within their communities. Through their initiatives, Tapestry contributes to the broader goals of equitable access to housing and community development.
This information is meant to be a general summary of Tapestry Development Group 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: $5,269
- Program Service Revenue: $1,278,793
- Gross Receipts: $1,286,352
Assets and Liabilities:
- Total Assets: $5,226,643
- Total Liabilities: $2,797,263
- Net Assets: $2,429,380
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFF. HSG. DEV- DEVELOP
Revenue
$1,072,682
AFF. HSG. DEV- CONSULT
Revenue
$206,111
Organization Details
Founding Year
2010
Phone
(404) 997-6788Principal Officer
Jonathan R Toppen
Main Address
120 WEST TRINITY PLACE 4TH FLOOR, DECATUR, GA, 30030
Website
www.tapestrydevelopment.orgNTEE Category
Code: L21 - Housing
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