Overview
What is Mid City Towers Ii Inc?
Mid City Towers II Inc is a nonprofit organization located at 3136 Flora, Kansas City, Missouri, 64109. Their primary mission is to provide affordable housing for low-income families, adhering to the guidelines set by the United States Department of Housing and Urban Development. They operate a 65-unit apartment complex to cater to this demographic, ensuring they have a secure and comfortable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Mid City Towers Ii Inc has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 67%. This score reflects the organization’s overall governance and financial health. The rating indicates some strengths in governance practices, such as having a fully independent board and a robust audit and oversight committee.
The organization demonstrates a strong commitment to program expenses, with a program expense ratio of 73.20%, indicating that a significant portion of its budget is allocated directly to its programs. Additionally, the documentation of board meeting minutes shows transparency in operations. However, a major concern is the liabilities to assets ratio, which stands at 184.71%, suggesting potential financial instability or risk.
Overall, while Mid City Towers Ii Inc exhibits strengths in governance and program funding, the high liabilities in relation to its assets raise questions about its financial sustainability moving forward. Potential donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mid City Towers Ii Inc legitimate?
Mid City Towers Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid City Towers Ii 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: $59,393
For more financial information, click here
What is the mission statement of Mid City Towers Ii Inc?
Mid City Towers II Inc. is committed to providing housing for low-income families, adhering to the guidelines set by the United States Department of Housing and Urban Development. Their mission is to operate a 65-unit apartment complex, ensuring it serves this specific demographic effectively. By doing so, they contribute to the provision of affordable housing, thereby supporting families in need. Their operations are guided by the regulations established by the U.S. Department of Housing and Urban Development, ensuring a fair and inclusive living environment for the residents.
Who is the CEO of Mid City Towers Ii Inc?
Lawrence V Bivins is the President of Mid City Towers Ii Inc.
What is the revenue of Mid City Towers Ii Inc?
Mid City Towers Ii Inc's revenue in 2023 was $776,073.
Who are the executives of Mid City Towers Ii Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Mid City Towers Ii Inc?
Mid City Towers Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mid City Towers Ii Inc
Mid City Towers II Inc, as a nonprofit organization, is dedicated to operating a 65-unit apartment complex that caters to low-income families. Adhering to the guidelines set by the US Department of Housing and Urban Development, Mid City Towers II Inc provides a residential space that is accessible to families in need of affordable housing. By operating under these guidelines, the organization ensures that its mission aligns with the broader goal of promoting housing equality and accessibility.
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Impact
July, 2024
The impact of Mid City Towers II Inc is providing affordable housing for low-income families in Kansas City, Missouri. By operating a 65-unit apartment complex under the guidelines of the US Department of Housing and Urban Development, this organization directly addresses the critical need for accessible housing for families in need. Through their mission, Mid City Towers II Inc contributes to strengthening communities and improving the quality of life for those facing financial challenges.
This information is meant to be a general summary of Mid City Towers Ii 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: $344
- Program Service Revenue: $771,662
- Gross Receipts: $776,073
Assets and Liabilities:
- Total Assets: $1,302,971
- Total Liabilities: $2,406,766
- Net Assets: -$1,103,795
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$771,662
Organization Details
Founding Year
1995
Phone
(913) 321-2262Principal Officer
Lawrence V Bivins
Main Address
3136 FLORA, KANSAS CITY, MO, 64109
NTEE Category
Code: L21 - Housing
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