Overview
What is Taeckens Terrace Nonprofit Christian Ministries?
Taeckens Terrace Nonprofit Christian Ministries is a charitable organization located in Fenton, Michigan. Their primary mission is to offer rental assistance to eligible senior citizens, enabling them to secure decent, safe, and sanitary housing under the HUD Section 202 Capital Advance Program. This program allows 91 senior citizens to rent apartments from the organization during a 12-month period. The organization's activities are centered around providing senior citizens with suitable and secure living accommodations, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Taeckens Terrace Nonprofit Christian Ministries has received a One-Star rating from Charity Navigator, indicating significant areas for improvement. The organization demonstrates strengths in governance, such as having a fully independent board and a high program expense ratio of 98.23%, suggesting that most funds are directed towards its mission. However, the overall accountability and finance score is low, primarily due to several missing policies and a concerning liabilities to assets ratio of 204.86%.
The absence of a conflict of interest policy, whistleblower policy, and document retention policy raises questions about the organization's adherence to best practices in governance. Additionally, the lack of transparency is highlighted by the missing tax form on their website, which is crucial for accountability to donors and the public.
While the organization excels in directing funds towards programs, the deficiencies in financial management and governance policies could hinder its effectiveness and trustworthiness in the long run. Stakeholders should consider these factors when assessing the impact and sustainability of Taeckens Terrace Nonprofit Christian Ministries.
This AI summary has been generated from information found on Charity Navigator.
Is Taeckens Terrace Nonprofit Christian Ministries legitimate?
Taeckens Terrace Nonprofit Christian Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Taeckens Terrace Nonprofit Christian Ministries 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Taeckens Terrace Nonprofit Christian Ministries?
Taeckens Terrace Nonprofit Christian Ministries is committed to providing rental assistance to eligible elderly individuals, enabling them to secure decent, safe, and sanitary housing through the HUD Section 202 Capital Advance Program. Their primary objective is to facilitate housing for this demographic, ensuring they live in suitable environments. The organization's activities are guided by this mission, offering rental apartments to senior citizens to meet their housing needs. During a 12-month period, they successfully rented out 91 apartments to senior citizens.
Who is the CEO of Taeckens Terrace Nonprofit Christian Ministries?
Kenneth Ballard is the President of Taeckens Terrace Nonprofit Christian Ministries.
What is the revenue of Taeckens Terrace Nonprofit Christian Ministries?
Taeckens Terrace Nonprofit Christian Ministries's revenue in 2022 was $476,098.
Who are the executives of Taeckens Terrace Nonprofit Christian Ministries and what are their salaries?
There 9 volunteers at Taeckens Terrace Nonprofit Christian Ministries.
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Where can I find the form 990 for Taeckens Terrace Nonprofit Christian Ministries?
Taeckens Terrace Nonprofit Christian Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Taeckens Terrace Nonprofit Christian Ministries
Taeckens Terrace Nonprofit Christian Ministries is committed to providing rental assistance to eligible elderly individuals, enabling them to secure decent, safe, and sanitary housing under the HUD Section 202 Capital Advance Program. The nonprofit's mission is to alleviate housing-related challenges faced by the elderly, ensuring they can reside in suitable environments that promote their well-being. Through this initiative, Taeckens Terrace Nonprofit Christian Ministries plays a crucial role in supporting the elderly population, ensuring they have access to essential housing needs. During the past year, the organization successfully rented out 91 apartments to senior citizens, further demonstrating its commitment to its mission.
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Impact
July, 2024
Taeckens Terrace provides critical rental assistance to eligible elderly individuals, enabling them to secure decent, safe, and sanitary housing through the HUD Section 202 Capital Advance Program. In the city of Fenton, MI, this organization rented out 91 apartments over the course of a year. Their mission is focused on ensuring that senior citizens have access to affordable housing, reflecting their commitment to supporting vulnerable members of the community.
This information is meant to be a general summary of Taeckens Terrace Nonprofit Christian Ministries. 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: $311
- Program Service Revenue: $325,652
- Gross Receipts: $476,098
Assets and Liabilities:
- Total Assets: $3,127,086
- Total Liabilities: $6,406,402
- Net Assets: -$3,279,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$320,659
LAUNDRY
Revenue
$4,548
MISCELLANEOUS
Revenue
$445
Organization Details
Founding Year
1996
Phone
(810) 653-1808Principal Officer
Kenneth Ballard
Main Address
14381 NORTH ROAD, FENTON, MI, 48430
NTEE Category
Code: L80 - Housing
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