Overview
What is Crockett Homes For Elderly Inc?
Crockett Homes for Elderly Inc, operating under the name Alpine Village Apartments, is a nonprofit organization situated in Morristown, Tennessee. Their primary mission is to provide affordable housing options for low-income elderly and handicapped individuals, adhering to Section 202 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development (HUD), they manage 38 rental units within their complex, ensuring reasonable rent charges and operating methods. The organization's core focus is on offering a secure living environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star Rating)
Crockett Homes For Elderly Inc has received a Two-Star rating from Charity Navigator, largely based on its Accountability & Finance score of 72%. The charity's overall rating is derived from strong performance in several areas, including a fully independent board and high program expense ratio, indicating that a significant portion of its resources is directed toward its mission.
The organization has demonstrated good governance practices with 100% of board members being independent and a clear conflict of interest policy in place. Additionally, its material diversion of assets is reported as none, reflecting solid financial integrity. However, the charity faces challenges with its liabilities to assets ratio at 150.21%, which indicates potential financial risk that could affect its sustainability and operational capacity in the long term.
Overall, while Crockett Homes For Elderly Inc showcases strengths in governance and program spending, the concerning liabilities to assets ratio suggests a need for careful financial management to ensure continued service to its community.
This AI summary has been generated from information found on Charity Navigator.
Is Crockett Homes For Elderly Inc legitimate?
Crockett Homes For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crockett 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 Crockett Homes For Elderly Inc?
Crockett Homes For Elderly Inc's mission is centered around providing housing for individuals who fall under the category of low-income elderly or handicapped tenants. This mission is in line with Section 202 of the National Housing Act. The organization's primary objective is to offer suitable housing accommodations for these individuals, ensuring they have access to a living space that meets their unique needs. The housing complex, regulated by the HUD, also adheres to specific rent charges and operating methods set by the act. Currently, Crockett Homes For Elderly Inc manages 38 rental units, providing a home for those in need.
Who is the CEO of Crockett Homes For Elderly Inc?
Kay Hale is the President of Crockett Homes For Elderly Inc.
What is the revenue of Crockett Homes For Elderly Inc?
Crockett Homes For Elderly Inc's revenue in 2023 was $162,368.
Who are the executives of Crockett Homes For Elderly Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Crockett Homes For Elderly Inc?
Crockett Homes For Elderly Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Crockett Homes For Elderly Inc
Crockett Homes for Elderly Inc is dedicated to providing housing for individuals who are elderly or have disabilities, falling under the category of low-income tenants. This mission is in line with Section 202 of the National Housing Act, a regulatory framework established to ensure affordable housing options for such individuals. The organization, regulated by HUD, is responsible for managing rental units that adhere to specific rent charges and operating methods, ensuring that elderly and handicapped tenants can reside in a suitable environment. Currently, Crockett Homes for Elderly Inc manages 38 rental units in a complex, providing a vital service to this specific demographic.
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Impact
October, 2024
Crockett Homes For Elderly Inc significantly enhances the quality of life for low-income elderly and handicapped individuals in Morristown, TN, by providing stable and affordable housing options. With 38 rental units specifically designed for this demographic, it addresses a crucial need for accessible living spaces that allow tenants to maintain their independence and dignity.
By offering housing regulated by HUD under the Section 202 program, Crockett Homes ensures that tenants benefit from manageable rent charges and standard operating methods aimed at sustaining a supportive community. This initiative not only alleviates financial burdens but also fosters a sense of belonging and security for its residents.
Crockett Homes effectively contributes to the social fabric of the community by creating an environment where elderly and handicapped individuals can thrive, engage with their neighbors, and access the resources necessary for their well-being.
This information is meant to be a general summary of Crockett 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: $12
- Program Service Revenue: $149,102
- Gross Receipts: $162,368
Assets and Liabilities:
- Total Assets: $1,713,825
- Total Liabilities: $2,574,488
- Net Assets: -$860,663
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$148,252
LAUNDRY & VENDING INCO
Revenue
$718
TENANT CHARGES
Revenue
$132
Organization Details
Founding Year
2002
Phone
(423) 586-1494Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 378161218
NTEE Category
Code: L21 - Housing
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