Overview
What is Ausable Valley Apartments Inc?
Ausable Valley Apartments Inc is a nonprofit organization situated in Flint, Michigan, focusing on the rental and maintenance of a HUD-subsidized apartment building. Their primary objective is to offer affordable housing solutions to their community, ensuring that residents have access to comfortable living spaces. This commitment to affordability aligns with their mission to improve the living conditions of their residents and contribute positively to their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Ausable Valley Apartments Inc has received a 75% rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating reflects a strong emphasis on governance, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower policies. These elements contribute positively to the organization’s credibility and operational integrity.
The organization excels with a program expense ratio of 66.58%, suggesting that a significant portion of its funds is directed toward program services. However, the liabilities to assets ratio is concerning at 126.11%, indicating potential financial challenges that may affect its sustainability. This aspect may warrant attention from stakeholders and potential donors.
Overall, while Ausable Valley Apartments Inc demonstrates strong governance and effective program spending, the financial liabilities raise questions about its long-term viability. It is advisable for supporters to consider these financial indicators when evaluating the organization’s overall health and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Ausable Valley Apartments Inc legitimate?
Ausable Valley Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ausable Valley 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: $47,388
For more financial information, click here
What is the mission statement of Ausable Valley Apartments Inc?
Ausable Valley Apartments Inc., through their mission, prioritizes the provision of affordable housing. They operate by offering rental and maintenance services for a building that is subsidized by the HUD in Flint, Michigan. The organization is committed to serving its community by making housing accessible to a wide range of individuals. Their mission is centered around the belief that everyone deserves a place to call home, regardless of their financial circumstances.
Who is the CEO of Ausable Valley Apartments Inc?
Timothy Kalbfleisch is the Director of Ausable Valley Apartments Inc. The CEO's salary of Ausable Valley Apartments Inc is $0 and their total compensation is $0.
What is the revenue of Ausable Valley Apartments Inc?
Ausable Valley Apartments Inc's revenue in 2023 was $467,915.
Who are the executives of Ausable Valley Apartments Inc and what are their salaries?
There 7 volunteers at Ausable Valley Apartments Inc.
Here are 8 key members and their salaries (Ausable Valley Apartments Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ausable Valley Apartments Inc?
Ausable Valley Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ausable Valley Apartments Inc
Ausable Valley Apartments Inc, a nonprofit organization, is committed to providing a mission of offering affordable housing through the rental and maintenance services of a HUD-subsidized apartment building. This mission aims to cater to the needs of their community, ensuring that housing remains accessible and within reach for various individuals. By offering their services, Ausable Valley Apartments Inc contributes to the well-being of their community, promoting an inclusive and equitable living environment.
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Impact
July, 2024
Ausable Valley Apartments Inc's impact is focused on providing affordable housing for the community in Flint, MI through the rental and maintenance services of a HUD-subsidized apartment building. Their mission is to ensure that individuals and families have access to safe and affordable housing options. By offering these services, Ausable Valley Apartments Inc plays a crucial role in addressing housing challenges in the area and improving the overall quality of life for residents.
This information is meant to be a general summary of Ausable Valley 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 2023.
- Investment Income: $1,318
- Program Service Revenue: $466,597
- Gross Receipts: $467,915
Assets and Liabilities:
- Total Assets: $1,389,426
- Total Liabilities: $1,752,330
- Net Assets: -$362,904
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$450,770
CABLE REVENUE
Revenue
$8,259
LAUNDRY REVENUE
Revenue
$5,359
OTHER TENANT FEES
Revenue
$2,209
Organization Details
Founding Year
1979
Phone
(989) 860-8080Principal Officer
Timothy Kalbfleisch
Main Address
4100 PIER NORTH BLVD A, FLINT, MI, 48504
NTEE Category
Code: L210 - Housing
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