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C E Ware Towers Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300134249 ✦ Germantown, TN ✦ Designated as a 501(c)(3)

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Overview

What is C E Ware Towers Inc?

C.E. Ware Towers Inc. is a nonprofit organization situated in Germantown, Tennessee, specifically at 2171 Judicial Drive Suite 200. Their primary mission is to offer high-quality, affordable housing for the elderly, adhering to regulations set by the Housing and Urban Development (HUD). With a dedicated team of four individuals, the organization is committed to providing elderlies with a comfortable living environment, ensuring they maintain a good standard of life.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 71% (Two-Star out of Four Star rating)

C E Ware Towers Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some areas of accountability and finance, there are significant gaps that need addressing. The charity scored well in areas such as having a majority independent board, financial oversight, and a high program expense ratio. These factors contribute positively to its operational transparency and commitment to its mission.

However, the charity's overall score is adversely affected by its liabilities to assets ratio, which is notably high at 136.27%, signaling potential financial instability. Additionally, the absence of critical policies, including a conflict of interest policy and a whistleblower policy, raises concerns about governance and ethical practices. Furthermore, the missing tax form on the nonprofit's website reflects a lack of transparency that could affect donor confidence.

While C E Ware Towers Inc shows strengths in certain governance areas, the limitations highlighted in its financial health and policy presence indicate a need for improvement to enhance its standing and trustworthiness among stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is C E Ware Towers Inc legitimate?

C E Ware Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. C E Ware Towers 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: $67,727

For more financial information, click here

What is the mission statement of C E Ware Towers Inc?

C E Ware Towers Inc is committed to providing low-income elderly individuals with quality rental housing. Their mission is to establish and manage a 56-unit housing project, which adheres to a regulatory agreement from the Housing and Urban Development (HUD). The organization's goal is to offer comfortable living spaces for this specific demographic, ensuring their needs are met in a dignified manner.

Who is the CEO of C E Ware Towers Inc?

Mary Daniels is the Board Member of C E Ware Towers Inc.

What is the revenue of C E Ware Towers Inc?

C E Ware Towers Inc's revenue in 2023 was $557,788.

Who are the executives of C E Ware Towers Inc and what are their salaries?

The average compensation at C E Ware Towers Inc during 2023 was $16,932. There are 4 employees at C E Ware Towers Inc.


Here are 6 key members and their salaries:


Mary Daniels (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alice Harris (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Audrey Larsha (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Eppenger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bertha Garner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Earl Gaskin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for C E Ware Towers Inc?

C E Ware Towers Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of C E Ware Towers Inc

C.E. Ware Towers Inc is a nonprofit organization dedicated to providing quality rental housing for the elderly. Its mission is to offer affordable living spaces to this demographic, ensuring they maintain a comfortable and dignified lifestyle. The organization operates under a regulatory agreement with the Housing and Urban Development (HUD), ensuring adherence to stringent standards and guidelines. The project, comprising 56 units, is designed specifically for the elderly, providing them with a secure and supportive living environment.

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Impact




July, 2024

C E Ware Towers Inc's impact lies in its provision of quality low-income rental housing for the elderly in Germantown, TN. Through its 56-unit housing project, the organization offers a vital service to elderly individuals in need of affordable housing options. By adhering to a Housing & Urban Development (HUD) regulatory agreement, C E Ware Towers Inc ensures that its housing project meets the necessary standards for providing safe and comfortable living conditions for its residents. The organization's mission to support low-income elderly individuals with housing aligns with the broader goal of addressing housing insecurity among vulnerable populations.




This information is meant to be a general summary of C E Ware Towers 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.

Revenue
$557,788 (2023)
Expenses
$616,099 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,015
  • Program Service Revenue: $553,773
  • Gross Receipts: $557,788

Assets and Liabilities:

  • Total Assets: $2,726,868
  • Total Liabilities: $3,716,029
  • Net Assets: -$989,161

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT ASSISTANCE PAYMENTS

Revenue

$315,669

TENANT RENTS

Revenue

$224,978

LAUNDRY, VENDING, MISC.

Revenue

$13,126

Organization Details

Founding Year

2003

Principal Officer

Mary Daniels

Main Address

2171 JUDICIAL DRIVE SUITE 200, GERMANTOWN, TN, 38138

NTEE Category

Code: L21 - Housing

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