Overview
What is Neighborhood Apartments Inc?
Neighborhood Apartments Inc, located at 2725 AIRVIEW BLVD SUITE 202, Kalamazoo, MI 49002, is a dedicated nonprofit organization. Its primary mission is to offer housing solutions for individuals with low and moderate income levels. To serve and enhance the residential area where federally-aided housing is located, Neighborhood Apartments Inc also provides necessary social, recreational, commercial, and communal facilities. This inclusive approach aims to create a thriving community and improve the lives of its residents.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Neighborhood Apartments Inc has received an 82% score, achieving a Three-Star rating, which reflects its strong performance in accountability and finance. This score is based solely on its Accountability & Finance beacon, showcasing the organization’s commitment to transparency and responsible financial management.
The nonprofit demonstrates notable strengths, including a fully independent board with ten out of ten members, and a strong program expense ratio of 79.58%, indicating that a significant portion of its resources is directed towards its mission. Policies regarding conflicts of interest, whistleblower protections, and document retention are well established, which further enhances the organization’s credibility and governance practices.
However, the organization’s liabilities to assets ratio of 84.32% raised concerns, as it reflects potential financial risks that could impact future stability. While the high level of accountability is commendable, this figure suggests that Neighborhood Apartments Inc may face challenges in maintaining financial flexibility. Overall, the nonprofit exhibits strengths in governance but should address its liabilities to ensure long-term operational success.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Apartments Inc legitimate?
Neighborhood Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Apartments 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: $90,821
For more financial information, click here
Official website here: www.none
What is the mission statement of Neighborhood Apartments Inc?
Neighborhood Apartments Inc's mission is centered around providing housing for individuals with low or moderate income. The organization goes beyond just offering living spaces, as it also aims to enhance the residential area by providing necessary social, recreational, commercial, and communal facilities. This commitment is made to serve and improve the community where the federally-aided housing is located. In essence, Neighborhood Apartments Inc strives to create a supportive living environment for its residents.
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Who is the CEO of Neighborhood Apartments Inc?
Carole Mcnees is the President of Neighborhood Apartments Inc.
Official website here: www.none
What is the revenue of Neighborhood Apartments Inc?
Neighborhood Apartments Inc's revenue in 2022 was $482,987.
Official website here: www.none
Who are the executives of Neighborhood Apartments Inc and what are their salaries?
There 10 volunteers at Neighborhood Apartments Inc.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Neighborhood Apartments Inc
Neighborhood Apartments Inc, a nonprofit organization, is committed to providing housing for individuals who fall under the category of low or moderate income. Beyond offering residential spaces, this organization also aims to enhance the surrounding residential area by providing necessary social, recreational, commercial, and communal facilities. This initiative is designed to serve and improve the community where federally-aided housing is located. In essence, Neighborhood Apartments Inc is dedicated to providing affordable housing and fostering a thriving community environment for its residents.
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Impact
July, 2024
Neighborhood Apartments Inc's impact lies in providing housing for individuals of low to moderate income in Kalamazoo, MI. By offering affordable housing options, Neighborhood Apartments Inc not only addresses the critical need for secure and stable living arrangements but also contributes to the overall well-being and quality of life of its residents. Additionally, by creating a supportive residential environment with social, recreational, commercial, and communal facilities, this organization plays a vital role in enhancing and strengthening the community in which its federally-aided housing is located.
This information is meant to be a general summary of Neighborhood Apartments 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 2022.
- Investment Income: -$3,136
- Program Service Revenue: $126,793
- Gross Receipts: $486,299
Assets and Liabilities:
- Total Assets: $1,850,914
- Total Liabilities: $1,560,807
- Net Assets: $290,107
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$137,722
MISCELLANEOUS
Revenue
$2,730
TENANT CHARGES
Revenue
$2,040
LAUNDRY INCOME
Revenue
$318
VACANCIES
Revenue
-$16,017
Organization Details
Founding Year
1968
Phone
(269) 760-4715Principal Officer
Carole Mcnees
Main Address
2725 AIRVIEW BLVD SUITE 202, KALAMAZOO, MI, 49002
Website
www.noneNTEE Category
Code: L20Z - Housing
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