Overview
What is Mountainview Homes For Elderly Inc?
Mountainview Homes For Elderly Inc, with its operational address at PO Box 1218, Morristown, Tennessee 37816, is a nonprofit organization committed to providing housing for low-income elderly and handicapped individuals. Regulated by the HUD, they ensure reasonable rent charges and operate efficiently according to established methods. Their complex houses 11 rental units, specifically dedicated to serving this demographic under Section 202 of the National Housing Act. To maintain a high standard of living, Mountainview Homes For Elderly Inc operates as Brookvale Garden Apartments, offering a secure and comfortable environment for its tenants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Mountainview Homes For Elderly Inc has received a Two-Star out of Four Star rating from Charity Navigator, with a score of 72%. This rating reflects the organization's performance primarily in the area of Accountability & Finance. Notably, it has achieved perfect scores in several categories, including majority independent board members and program expense ratio, which indicates strong governance and effective financial management.
However, the organization faces significant challenges, particularly with its liabilities to assets ratio, which stands at 205.78%. This high ratio suggests potential financial instability, as liabilities exceed assets significantly. While the accountability aspects of the organization are commendable, the lack of scoring in areas such as Impact & Measurement and Leadership & Adaptability indicates gaps in evaluation that could affect overall effectiveness.
Overall, while Mountainview Homes For Elderly Inc demonstrates strong governance and financial accountability, its financial ratios raise concerns about its sustainability. Continued focus on improving financial health and enhancing program impact could help the organization progress beyond its current rating.
This AI summary has been generated from information found on Charity Navigator.
Is Mountainview Homes For Elderly Inc legitimate?
Mountainview Homes For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountainview 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 Mountainview Homes For Elderly Inc?
Mountainview Homes For Elderly Inc is dedicated to providing housing for individuals who are elderly or handicapped, falling under Section 202 of the National Housing Act. Their mission is to offer suitable living spaces to these individuals, ensuring they have a secure and comfortable living environment. The housing complex, regulated by the HUD, sets rent charges and operating methods in accordance with the act. Currently, the organization manages 11 rental units, catering to the specific housing needs of this demographic.
Who is the CEO of Mountainview Homes For Elderly Inc?
Kay Hale is the President of Mountainview Homes For Elderly Inc.
What is the revenue of Mountainview Homes For Elderly Inc?
Mountainview Homes For Elderly Inc's revenue in 2023 was $94,118.
Who are the executives of Mountainview 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 Mountainview Homes For Elderly Inc?
Mountainview Homes For Elderly Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mountainview Homes For Elderly Inc
Mountainview Homes for Elderly Inc is dedicated to providing housing for individuals who are elderly or have disabilities, adhering to Section 202 of the National Housing Act. This nonprofit organization's mission is to offer suitable living spaces for those with limited income, ensuring they have a secure and comfortable environment to call home. Regulated by the HUD, Mountainview Homes for Elderly Inc meticulously maintains its rental charges and operating methods, ensuring affordable housing for its tenants. The organization currently manages 11 rental units in a complex, providing a much-needed service for those in need.
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Impact
October, 2024
Mountainview Homes for Elderly Inc plays a crucial role in enhancing the lives of low-income elderly and handicapped individuals by providing affordable housing options. Located in Morristown, TN, this facility offers 11 rental units specifically designed to meet the needs of these vulnerable populations under Section 202 of the National Housing Act.
The organization ensures that residents have a safe, stable, and supportive living environment, which is vital for their well-being and quality of life. By adhering to regulations set by HUD regarding rent charges and operating methods, Mountainview Homes maintains a structure that prioritizes affordability while delivering essential services.
This initiative directly addresses the housing challenges faced by elderly and handicapped individuals, fostering independence and dignity in a community setting. Through its commitment to offering secure and accessible housing, Mountainview Homes contributes significantly to the overall health and happiness of its tenants, allowing them to thrive in their later years.
This information is meant to be a general summary of Mountainview 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: $6
- Program Service Revenue: $57,502
- Gross Receipts: $94,118
Assets and Liabilities:
- Total Assets: $424,220
- Total Liabilities: $872,977
- Net Assets: -$448,757
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$56,558
LAUNDRY & VENDING INCO
Revenue
$738
TENANT CHARGES
Revenue
$206
Organization Details
Founding Year
1997
Phone
(423) 587-4500Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 378161218
NTEE Category
Code: L22 - Housing
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