Overview
What is Metro Apartments Inc?
Metro Apartments Inc is a nonprofit organization situated in Bloomington, Minnesota, dedicated to offering affordable housing for low-income, elderly, and disabled families. With a mission to serve the elderly and disabled community, Metro Apartments provides 23 housing units as part of its commitment to offering housing on a non-profit basis. The organization's primary objective is to ensure that these vulnerable groups have access to suitable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Metro Apartments Inc has achieved a notable 94% score from Charity Navigator, reflecting strong accountability and financial health. This impressive rating is derived entirely from their accountability and finance metrics, underscoring their commitment to transparency and responsible management of resources.
The organization stands out for its governance, boasting a fully independent board with a complete score in key areas such as material diversion of assets and conflict of interest policies. Additionally, they have demonstrated excellent financial stability, as evidenced by a favorable liabilities to assets ratio of 46.96% and a program expense ratio of 100%.
While the metrics are overwhelmingly positive, it's essential to note that the overall score relies solely on financial practices. Further insights into program effectiveness and community impact would provide a more comprehensive understanding of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Metro Apartments Inc legitimate?
Metro Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metro 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: $0
For more financial information, click here
What is the mission statement of Metro Apartments Inc?
Metro Apartments Inc, as a non-profit organization, is committed to providing housing for elderly and disabled individuals who fall under the low-income bracket. Their mission is centered around this goal, ensuring that these individuals have access to suitable housing options. Located in an unspecified location, Metro Apartments Inc offers 23 affordable units in Bloomington, Minnesota, further underscoring their dedication to this cause.
Who is the CEO of Metro Apartments Inc?
Angela Riley is the President of Metro Apartments Inc.
What is the revenue of Metro Apartments Inc?
Metro Apartments Inc's revenue in 2022 was $186,762.
Who are the executives of Metro Apartments Inc and what are their salaries?
Here are 7 key members and their salaries:
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- Other: $0
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- Related: $191,412
- Other: $17,893
- Compensation: $0
- Related: $192,283
- Other: $17,781
Where can I find the form 990 for Metro Apartments Inc?
Metro Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metro Apartments Inc
Metro Apartments Inc, a non-profit organization, is committed to providing housing for elderly and disabled individuals who fall under the category of low-income families. This mission is carried out through the offering of 23 affordable housing units, situated in Bloomington, Minnesota. The organization's primary goal is to ensure that elderly and disabled individuals have access to suitable living quarters on a non-profit basis.
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Impact
October, 2024
Metro Apartments Inc significantly enhances the quality of life for elderly and disabled individuals by providing 23 affordable housing units in Bloomington, Minnesota. This organization plays a crucial role in the community by addressing the unique needs of low-income families, ensuring that vulnerable populations have access to safe and stable living environments. By focusing on the elderly and disabled, Metro Apartments Inc alleviates the housing crisis faced by these groups, promoting independence and dignity among residents. The availability of such affordable housing options not only helps alleviate financial burdens but also fosters a sense of community and support, allowing residents to thrive despite their challenges. The organization's commitment to serving those in need underscores its vital impact on the local community and the well-being of its residents.
This information is meant to be a general summary of Metro 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: $66
- Program Service Revenue: $186,696
- Gross Receipts: $186,762
Assets and Liabilities:
- Total Assets: $701,496
- Total Liabilities: $233,013
- Net Assets: $468,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSISTANCE
Revenue
$139,270
TENANT RENT
Revenue
$47,195
MISCELLANEOUS
Revenue
$231
Organization Details
Founding Year
1993
Phone
(651) 291-1750Principal Officer
Angela Riley
Main Address
1080 MONTREAL AVENUE, ST PAUL, MN, 55116
NTEE Category
Code: P80Z - Human services
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