Overview
What is Monroe County Apartments 4 Association?
Monroe County Apartments 4 Association is a nonprofit organization situated in Waterloo, Illinois. Its primary mission revolves around providing rental housing opportunities for individuals who are financially disadvantaged, particularly those battling mental illness and developmental disabilities. This community-focused organization works diligently to cater to the unique needs of its residents, ensuring they have a safe and comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Monroe County Apartments 4 Association has achieved a strong 94% rating from Charity Navigator, reflecting its commitment to accountability and finance. This impressive score demonstrates effective financial management and transparency, which are vital for donor trust. The organization operates under a well-structured governance framework, with 100% of board members being independent, ensuring impartial decision-making.
The fiscal year 2023 figures reveal that Monroe County Apartments 4 Association maintains a solid financial health, with a program expense ratio of 88.13%. This indicates that a significant portion of its expenses is directed towards its programs, rather than administrative costs. Additionally, the organization has no material diversion of assets, further highlighting its integrity in handling funds.
Noteworthy policies such as conflict of interest, whistleblower protections, and document retention are all in place, contributing to its high accountability score. This level of governance and financial stewardship positions Monroe County Apartments 4 Association as a reliable nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe County Apartments 4 Association legitimate?
Monroe County Apartments 4 Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe County Apartments 4 Association 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 Monroe County Apartments 4 Association?
The Monroe County Apartments 4 Association has a mission to provide rental housing for individuals who fall under the categories of low-income, mentally ill, and developmentally disabled. Their primary goal is to ensure that these individuals have access to suitable housing, catering to their unique needs. The association strives to make a significant impact in their lives by offering rental properties specifically designed for this community. The organization's mission is centered around providing a safe and comfortable living environment for individuals who might otherwise face challenges in securing adequate housing.
Who is the CEO of Monroe County Apartments 4 Association?
Robert Polansky is the President of Monroe County Apartments 4 Association.
What is the revenue of Monroe County Apartments 4 Association?
Monroe County Apartments 4 Association's revenue in 2023 was $615,113.
Who are the executives of Monroe County Apartments 4 Association and what are their salaries?
There 5 volunteers at Monroe County Apartments 4 Association.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Monroe County Apartments 4 Association?
Monroe County Apartments 4 Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Monroe County Apartments 4 Association
Monroe County Apartments 4 Association is committed to providing rental housing for individuals who fall under the categories of low-income, mentally ill, and developmentally disabled. This nonprofit organization's mission is to make a significant difference in these individuals' lives by offering them suitable living spaces. By doing so, Monroe County Apartments 4 Association aims to contribute to a more inclusive and supportive community where everyone has access to essential housing needs, regardless of their specific circumstances. The association's focus on this specific demographic highlights its dedication to ensuring that everyone deserves a safe and comfortable living environment, regardless of their financial situation or abilities.
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Impact
July, 2024
Monroe County Apartments 4 Association provides rental real estate for low-income individuals who are mentally ill and developmentally disabled in Waterloo, IL. Their impact lies in offering affordable housing options for vulnerable populations, helping them secure safe and stable living conditions despite their challenges. By focusing on this specific demographic, the association plays a crucial role in addressing housing needs for those who may face barriers in finding suitable accommodation elsewhere. Through their mission, Monroe County Apartments 4 Association contributes towards building a more inclusive and supportive community for individuals with special needs.
This information is meant to be a general summary of Monroe County Apartments 4 Association. 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: $17,595
- Program Service Revenue: $582,593
- Gross Receipts: $615,113
Assets and Liabilities:
- Total Assets: $2,866,916
- Total Liabilities: $382,108
- Net Assets: $2,484,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$582,593
Organization Details
Founding Year
1999
Phone
(618) 939-4444Principal Officer
Robert Polansky
Main Address
988 N ILLINOIS ROUTE 3, WATERLOO, IL, 62298
NTEE Category
Code: L20 - Housing
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