Overview
What is Carson Place Inc?
Carson Place Inc is a dedicated nonprofit organization, positioned to cater to the housing needs of individuals with mental disabilities. By leveraging Section 811 of the National Housing Act, as regulated by HUD, Carson Place provides affordable living solutions for this underserved population. Their primary mission is to ensure low-income housing is accessible, thereby enhancing the quality of life for these individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Carson Place Inc received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The overall score of 58% reflects issues that have been noted in key areas, particularly in financial metrics. While the organization demonstrates strong governance features, such as a fully independent board and no material diversion of assets, it struggles with a high liabilities-to-assets ratio, which significantly impacts its financial health.
The charity excels in certain aspects, including a high program expense ratio of 90.21%, showing that a substantial portion of funds is directed towards its programs. Additionally, it has been noted that the organization documents board meeting minutes effectively. However, the absence of critical policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about governance and transparency.
Despite some strengths, the missing policy documentation and the unfavorable liabilities-to-assets ratio highlight areas needing improvement. Stakeholders may want to consider these factors when evaluating the charity's overall effectiveness and sustainability going forward.
This AI summary has been generated from information found on Charity Navigator.
Is Carson Place Inc legitimate?
Carson Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carson Place 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
For more financial information, click here
What is the mission statement of Carson Place Inc?
Carson Place Inc's mission is centered around providing low-income housing for individuals with mental retardation. They accomplish this mission through Section 811 of the National Housing Act, which is regulated by HUD. The organization's primary objective is to offer affordable housing options, demonstrating a commitment to supporting this specific group of individuals. By doing so, Carson Place Inc contributes to ensuring these individuals have a decent living environment, promoting their overall well-being.
Who is the CEO of Carson Place Inc?
Cindy Smith is the President of Carson Place Inc.
What is the revenue of Carson Place Inc?
Carson Place Inc's revenue in 2023 was $62,500.
Who are the executives of Carson Place Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Carson Place Inc?
Carson Place Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Carson Place Inc
Carson Place Inc, a nonprofit organization, is dedicated to providing low-income housing for individuals with mental retardation. They accomplish this mission through Section 811 of the National Housing Act, which they adhere to, as regulated by HUD. The primary goal of Carson Place Inc is to offer affordable housing options for this specific group of individuals. Their commitment to this cause is evident in their adherence to the National Housing Act and their mission to provide affordable housing opportunities.
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Impact
August, 2024
Carson Place Inc's impact lies in providing affordable housing for mentally retarded citizens in Birmingham, Alabama. Through its activities regulated by HUD under Section 811 of the National Housing Act, Carson Place strives to offer low-income housing to those in need. This initiative not only addresses the critical issue of housing insecurity but also promotes the well-being and quality of life for a vulnerable population within the community. By focusing on this specific demographic and need, Carson Place Inc is making a meaningful contribution towards creating a more inclusive and supportive society.
This information is meant to be a general summary of Carson Place 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: $428
- Program Service Revenue: $62,072
- Gross Receipts: $62,500
Assets and Liabilities:
- Total Assets: $319,789
- Total Liabilities: $608,905
- Net Assets: -$289,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$37,469
Organization Details
Founding Year
2001
Phone
(205) 595-4555Principal Officer
Cindy Smith
Main Address
940 MONTCLAIR ROAD SUITE 200, BIRMINGHAM, AL, 35213
NTEE Category
Code: L20 - Housing
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