Overview
What is Metro Towers Inc?
Metro Towers Inc is a nonprofit organization situated in Kansas City, Missouri. With a focus on social welfare, they operate a 56-unit apartment complex, offering subsidized housing for low-income elderly individuals. This initiative aligns with Section 202 of the National Housing Act, ensuring that elderly residents can maintain a comfortable living standard. The organization's primary mission is to provide affordable housing for this demographic, thereby contributing to the overall well-being of the elderly community in Kansas City.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating. This rating suggests that Metro Towers Inc has room for improvement in its overall accountability and financial practices. The organization received a score of 72 in Accountability & Finance, which indicates that while some areas of governance are strong, others could be addressed to enhance transparency and reliability.
Strengths of Metro Towers Inc include a fully independent board with 10 out of 10 points in both the majority independent board members and independent board size categories. Additionally, the organization has no material diversion of assets and maintains a conflict of interest policy. The program expense ratio is robust at 78.40%, indicating that a significant portion of resources is directed toward program services rather than administrative costs.
However, the nonprofit faces notable limitations, particularly regarding its whistleblower policy, which is currently missing and scores 0 out of 7 points. Furthermore, the liabilities to assets ratio is concerning at 130.19%, reflecting potential financial stability challenges. Addressing these issues could improve its overall rating and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Metro Towers Inc legitimate?
Metro Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metro 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: $0
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What is the mission statement of Metro Towers Inc?
Metro Towers Inc is committed to providing subsidized housing for low-income elderly persons. This mission is carried out through the operation of a 56-unit apartment complex, following the guidelines set by Section 202 of the National Housing Act. The organization's primary goal is to offer affordable living solutions to an often underserved demographic, thereby enhancing their quality of life. By providing subsidized housing, Metro Towers Inc plays a significant role in addressing the housing needs of elderly individuals with limited financial resources.
Who is the CEO of Metro Towers Inc?
Brenda Sylvan is the President of Metro Towers Inc.
What is the revenue of Metro Towers Inc?
Metro Towers Inc's revenue in 2022 was $491,021.
Who are the executives of Metro Towers Inc and what are their salaries?
There 8 volunteers at Metro Towers Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Metro Towers Inc?
Metro Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metro Towers Inc
Metro Towers Inc, as a nonprofit organization, is committed to providing subsidized housing for low-income elderly individuals. This mission is carried out through the operation of a 56-unit apartment complex, in compliance with Section 202 of the National Housing Act. The organization's primary goal is to make housing affordable for this specific demographic, ensuring they live in a safe and secure environment. By doing so, Metro Towers Inc aims to contribute positively to the well-being and independence of the elderly community, providing them with the necessary support to maintain a decent standard of living.
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Impact
July, 2024
Metro Towers Inc's impact lies in providing essential subsidized housing for low-income elderly persons in Kansas City, Missouri. Through its operation of a 56-unit apartment complex, the organization fulfills a critical need for affordable housing within the community. By offering subsidized units in accordance with Section 202 of the National Housing Act, Metro Towers Inc enables elderly individuals with limited financial resources to have a safe and comfortable place to call home. This initiative not only addresses the issue of housing insecurity among the elderly but also promotes a sense of community and support for this vulnerable population.
This information is meant to be a general summary of Metro 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: $608
- Program Service Revenue: $135,715
- Gross Receipts: $491,021
Assets and Liabilities:
- Total Assets: $2,050,635
- Total Liabilities: $2,669,875
- Net Assets: -$619,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental and ancillary Income
Revenue
$135,715
Organization Details
Founding Year
1986
Phone
(816) 444-1900Principal Officer
Brenda Sylvan
Main Address
6138 CITADEL, KANSAS CITY, MO, 64110
NTEE Category
Code: L22 - Housing
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