Overview
What is Clare Towers Inc?
Clare Towers Inc is a service corporation, situated in Milwaukee, Wisconsin (WI 53215), dedicated to providing affordable housing and support services for individuals with physical disabilities. In collaboration with WHEDA and HUD, they work tirelessly to ensure their buildings comply with their mission and values statement. At its core, Clare Towers Inc's mission is to offer low-income housing options for individuals with physical disabilities, striving to make a meaningful impact on their daily lives.
Official website here: www.stclaremgt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Clare Towers Inc has achieved an 81% overall score, indicative of a solid performance in accountability and finance. This rating is derived entirely from its accountability and finance metrics, reflecting a strong emphasis on responsible financial practices. The organization has a majority independent board and adheres to best practices regarding conflict of interest and whistleblower policies, which contributes positively to its governance structure.
The charity's impressive program expense ratio of 92.30% highlights its commitment to directing funds towards its mission rather than administrative costs. However, the organization does face a significant liability to assets ratio of 307.97%, which may raise concerns regarding its financial stability or sustainability. While this single financial metric may warrant further examination, the overall governance and accountability practices remain robust.
In summary, Clare Towers Inc demonstrates a commendable commitment to transparency and effective financial management. Despite the noted financial liability concerns, its strong governance framework and high program expense ratio suggest that it is effectively utilizing its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Clare Towers Inc legitimate?
Clare Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clare Towers 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: $492,651
For more financial information, click here
Official website here: www.stclaremgt.org
What is the mission statement of Clare Towers Inc?
Clare Towers Inc, as a service corporation, is dedicated to providing low-income housing for individuals with physical disabilities. This mission is carried out in collaboration with WHEDA and HUD. The organization manages its buildings in compliance with its mission and values statement, ensuring that they cater specifically to individuals with physical disabilities. Clare Towers Inc strives to provide a living environment that is accessible and accommodating, thereby contributing to the overall well-being of its residents. The corporation's work is guided by a commitment to helping those in need, ensuring they have a safe and comfortable place to call home.
Official website here: www.stclaremgt.org
Who is the CEO of Clare Towers Inc?
Sister Helen Butzler is the Principal Officer of Clare Towers Inc.
Official website here: www.stclaremgt.org
What is the revenue of Clare Towers Inc?
Clare Towers Inc's revenue in 2022 was $1,813,004.
Official website here: www.stclaremgt.org
Who are the executives of Clare Towers Inc and what are their salaries?
There 3 volunteers at Clare Towers Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $55,702
- Other: $7,042
- Compensation: $0
- Related: $35,000
- Other: $4,825
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.stclaremgt.org
Where can I find the form 990 for Clare Towers Inc?
Clare Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stclaremgt.org
Learn more at the official website: www.stclaremgt.org
Mission Statement of Clare Towers Inc
Clare Towers Inc, as a service corporation, is dedicated to providing affordable housing for individuals with physical disabilities. Their mission is centered around creating living spaces that cater to the unique needs of this community. In partnership with WHEDA and HUD, Clare Towers Inc ensures that each facility is managed in accordance with its mission and values statement. The organization, through its managing entity St. Clare Management, ensures compliance with these principles in every building they oversee.
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Impact
July, 2024
Clare Towers Inc provides crucial support by offering low-income housing for individuals with physical disabilities. Through their partnership with WHEDA and HUD, they ensure that those in need have access to suitable housing facilities and services. By managing each building in accordance with their mission and values, Clare Towers Inc significantly impacts the lives of individuals with physical disabilities in Milwaukee, WI. Their commitment to providing affordable housing for this vulnerable population demonstrates their dedication to creating inclusive and supportive communities.
This information is meant to be a general summary of Clare Towers 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: $194
- Program Service Revenue: $1,805,122
- Gross Receipts: $1,813,004
Assets and Liabilities:
- Total Assets: $2,101,226
- Total Liabilities: $6,262,890
- Net Assets: -$4,161,664
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,702,224
SERVICE COORDINATOR RE
Revenue
$102,898
Organization Details
Founding Year
2000
Phone
(414) 385-5330Principal Officer
Sister Helen Butzler
Main Address
1545 S LAYTON BLVD, MILWAUKEE, WI, 53215
Website
www.stclaremgt.orgNTEE Category
Code: L20 - Housing
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