Overview
What is Highland Homes For Elderly Inc?
Highland Homes for Elderly Inc is a nonprofit organization situated in Morristown, Tennessee. Their primary mission is to provide housing solutions for low-income elderly and handicapped individuals, adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD) regarding rent charges and operational methods. They manage a complex with 11 rental units specifically designed for this demographic. The organization's aim is to enhance the living conditions and promote independence for this vulnerable population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating. This rating indicates that while Highland Homes For Elderly Inc demonstrates some strengths, there are notable areas that require improvement. The organization has a solid accountability and finance score of 72, reflecting a commitment to transparency and governance.
Highland Homes For Elderly Inc shows strong organizational governance, with a fully independent board and no material diversion of assets. The program expense ratio is commendable at 82.10%, suggesting that a significant portion of funds is directed towards its charitable activities. Additionally, the presence of both a conflict of interest policy and a document retention policy further underscores its accountability measures.
However, there are significant limitations, particularly concerning financial transparency. The organization has a high liabilities to assets ratio of 119.51%, which raises concerns about financial stability. Furthermore, the absence of a tax form website disclosure and a whistleblower policy suggests shortcomings in accessible information and protective measures for stakeholders. These issues highlight the need for Highland Homes For Elderly Inc to enhance its financial practices and governance protocols.
This AI summary has been generated from information found on Charity Navigator.
Is Highland Homes For Elderly Inc legitimate?
Highland Homes For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland Homes For Elderly 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.
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What is the mission statement of Highland Homes For Elderly Inc?
Highland Homes For Elderly Inc is dedicated to providing housing for individuals who fall under the low-income elderly or handicapped category. This is in alignment with Section 202 of the National Housing Act. Their primary mission is to offer suitable living spaces for these individuals, ensuring they have a place to call home. The housing complex, regulated by the HUD, sets rent charges and operating methods in accordance with the act. Currently, Highland Homes For Elderly Inc manages 11 rental units within their complex.
Who is the CEO of Highland Homes For Elderly Inc?
Kay Hale is the President of Highland Homes For Elderly Inc.
What is the revenue of Highland Homes For Elderly Inc?
Highland Homes For Elderly Inc's revenue in 2023 was $55,554.
Who are the executives of Highland Homes For Elderly Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Highland Homes For Elderly Inc?
Highland Homes For Elderly Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Highland Homes For Elderly Inc
Highland Homes for Elderly Inc, a nonprofit organization, is committed to providing housing for low-income elderly and handicapped tenants. This mission is rooted in Section 202 of the National Housing Act, a legislative framework that Highland Homes adheres to. The organization's primary objective is to offer suitable living spaces for this vulnerable population, ensuring they have access to safe and affordable housing. The housing complex, overseen by the U.S. Department of Housing and Urban Development (HUD), regulates rent charges and operational methods to ensure fairness and efficiency. With 11 rental units in its complex, Highland Homes for Elderly Inc plays a significant role in providing a homely environment for elderly and handicapped individuals, helping them maintain their independence and dignity.
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Impact
August, 2024
Highland Homes For Elderly Inc provides essential housing for low-income elderly and handicapped individuals in Morristown, TN. By offering 11 rental units in the complex, this organization plays a crucial role in ensuring that vulnerable members of the community have a safe and secure place to live. Their mission to provide housing under Section 202 of the National Housing Act demonstrates a commitment to addressing the needs of the elderly and disabled population in the area, ultimately improving their quality of life and well-being.
This information is meant to be a general summary of Highland Homes For Elderly 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 2023.
- Investment Income: $30
- Program Service Revenue: $41,174
- Gross Receipts: $55,554
Assets and Liabilities:
- Total Assets: $1,009,098
- Total Liabilities: $1,206,006
- Net Assets: -$196,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$41,169
LATE AND DAMAGE INCOME
Revenue
$5
Organization Details
Founding Year
2013
Phone
(423) 587-4500Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 378161218
NTEE Category
Code: L21 - Housing
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