Overview
What is The Woods At Crooked Creek Apartments Inc?
The Woods At Crooked Creek Apartments Inc is a not-for-profit organization, established in accordance with Indiana's non-profit statutes. Its primary objective is to construct, own, and manage an affordable housing apartment community named The Woods at Crooked Creek Apartments in Indianapolis, Indiana. This endeavor is in line with section 811 of the National Affordable Housing Act. The project is spearheaded by Fay Biccard Glick Neighborhood Center at Crooked Creek, serving as the sponsor for this initiative.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The Woods At Crooked Creek Apartments Inc has received a moderate rating based primarily on its accountability and financial performance. This score reflects a strong emphasis on transparency and sound financial management, which are critical for a nonprofit organization.
The organization boasts a 100% independent board, indicating a commitment to governance and oversight. Furthermore, it has demonstrated strong financial health through its low liabilities to assets ratio and a high program expense ratio, suggesting that a significant portion of its funding is directed toward its mission-related activities.
While the overall score is positive, the two-star rating may indicate areas for improvement compared to higher-rated organizations. Nonetheless, the absence of material diversions of assets and the documentation of board meeting minutes highlight a robust framework for responsible management.
This AI summary has been generated from information found on Charity Navigator.
Is The Woods At Crooked Creek Apartments Inc legitimate?
The Woods At Crooked Creek Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Woods At Crooked Creek 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
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What is the mission statement of The Woods At Crooked Creek Apartments Inc?
The Woods At Crooked Creek Apartments Inc was established with the objective of constructing, owning, and managing an affordable housing apartment community. This not-for-profit corporation, adhering to Indiana's not-for-profit statutes, aims to provide affordable living solutions through the operation of a 15-unit apartment complex, known as The Woods at Crooked Creek Apartments. This project is in line with Section 811 of the National Affordable Housing Act, ensuring that affordable housing options are made available to the community. The initiative is sponsored by Fay Biccard Glick Neighborhood Center at Crooked Creek.
Who is the CEO of The Woods At Crooked Creek Apartments Inc?
Karatta Swan is the Vice President of The Woods At Crooked Creek Apartments Inc.
What is the revenue of The Woods At Crooked Creek Apartments Inc?
The Woods At Crooked Creek Apartments Inc's revenue in 2022 was $136,898.
Who are the executives of The Woods At Crooked Creek Apartments Inc and what are their salaries?
There 4 volunteers at The Woods At Crooked Creek Apartments Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for The Woods At Crooked Creek Apartments Inc?
The Woods At Crooked Creek Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Woods At Crooked Creek Apartments Inc
The Woods At Crooked Creek Apartments Inc was established with a mission to construct, own, and operate an affordable housing apartment community. This not-for-profit corporation, headquartered in Indiana, aims to provide affordable living options for its residents, adhering to the guidelines set by Section 811 of the National Affordable Housing Act. The corporation, sponsored by Fay Biccard Glick Neighborhood Center at Crooked Creek, is dedicated to making a significant impact in the realm of affordable housing.
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Impact
October, 2024
The Woods At Crooked Creek Apartments Inc significantly impacts the Indianapolis community by providing affordable housing options through its 15-unit apartment community. By constructing, owning, and operating these apartments, the organization addresses the critical need for accessible living spaces in the area, particularly for individuals and families who may be financially challenged.
This initiative helps to stabilize the community by offering residents a safe and supportive environment, fostering a sense of belonging, and promoting social integration. Additionally, the presence of affordable housing can alleviate the pressures of housing costs, allowing residents to allocate resources toward other essential aspects of their lives, such as education, health care, and employment.
Through its commitment to affordable housing, The Woods At Crooked Creek Apartments Inc not only enhances the quality of life for its residents but also contributes to the overall well-being and vitality of the Indianapolis community.
This information is meant to be a general summary of The Woods At Crooked Creek 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.
- Program Service Revenue: $117,540
- Gross Receipts: $136,898
Assets and Liabilities:
- Total Assets: $1,660,166
- Total Liabilities: $197,625
- Net Assets: $1,462,541
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$117,540
Organization Details
Founding Year
2010
Phone
(317) 293-2600Principal Officer
Karatta Swan
Main Address
2290 W 71ST STREET, INDIANAPOLIS, IN, 46268
NTEE Category
Code: L21 - Housing
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