Overview
What is Hylton Point Apartments Ii Inc?
Hylton Point Apartments II Inc is a nonprofit organization situated in St. Louis, Missouri, specializing in providing housing facilities and related services for the elderly and individuals with disabilities. Operating under the guidelines of the U.S. Department of Housing and Urban Development (HUD), it manages a 60-unit apartment project that adheres to Section 202 of the National Housing Act. The project is regulated by HUD with regard to rental charges and operational methods, and it is subject to a project rental assistance agreement with HUD. This agreement ensures payments for leased apartment units to eligible low-income, elderly tenants under Section 8 of the U.S. Housing Act of 1937. The organization employs a team of five individuals dedicated to their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Hylton Point Apartments Ii Inc has been awarded a Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization's score is primarily derived from its exceptional performance in the Accountability & Finance category, where it received a score of 94%. This indicates that the charity exercises a strong commitment to transparency and effective management of its resources.
Strengths highlighted in the evaluation include a fully independent board, with all 12 members having no affiliations that could present potential conflicts of interest. The organization also demonstrates effective oversight with a robust Audit and Oversight Committee. Additionally, a commendable program expense ratio of 77.08% signifies that a significant portion of its funds is directed towards its mission-driven activities, rather than administrative costs.
While the rating reflects a strong organizational structure and financial integrity, it is important for potential supporters to recognize the need for ongoing engagement and transparency from nonprofits. Hylton Point Apartments Ii Inc appears well-positioned to maintain its accountability standards, but continuous monitoring of its effectiveness and impact will be vital for sustaining donor trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Hylton Point Apartments Ii Inc legitimate?
Hylton Point Apartments Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hylton Point Apartments 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: $200,073
For more financial information, click here
What is the mission statement of Hylton Point Apartments Ii Inc?
Hylton Point Apartments II Inc's mission is centered around providing housing facilities and related services to the elderly and individuals with disabilities, adhering to the guidelines set by the U.S. Department of Housing and Urban Development. The primary objective of the company is to offer housing solutions for this specific group of individuals. Located in St. Louis, Missouri, Hylton Point Apartments II operates a 60-unit project under Section 202 of the National Housing Act, regulated by HUD. The project is subject to a rental assistance agreement with HUD, providing subsidies for low-income, eligible tenants. Hylton Point Apartments II's mission encompasses providing housing that caters to the needs of the elderly and disabled population, ensuring they have access to comfortable and suitable living spaces.
Who is the CEO of Hylton Point Apartments Ii Inc?
Norma Ellington-Twitty is the President of Hylton Point Apartments Ii Inc.
What is the revenue of Hylton Point Apartments Ii Inc?
Hylton Point Apartments Ii Inc's revenue in 2022 was $633,720.
Who are the executives of Hylton Point Apartments Ii Inc and what are their salaries?
The average compensation at Hylton Point Apartments Ii Inc during 2022 was $40,015. There are 5 employees at Hylton Point Apartments Ii Inc.
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Where can I find the form 990 for Hylton Point Apartments Ii Inc?
Hylton Point Apartments Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hylton Point Apartments Ii Inc
Hylton Point Apartments II Inc, as a organization, is dedicated to providing housing facilities and related services for the elderly and individuals with disabilities. Their mission, in essence, is to create an living environment that caters to the unique needs of this specific demographic, operating under the guidelines set by the U.S. Department of Housing and Urban Development (HUD). The primary aim of Hylton Point Apartments II Inc is to offer housing solutions for this vulnerable group, ensuring they can live with dignity and independence. The organization achieves this by adhering to the provisions of the National Housing Act, specifically Section 202, and abiding by the regulations established by HUD in terms of rental charges and operational methods. The project, a 60-unit apartment complex, is also subject to a project rental assistance agreement with HUD, which provides payments for the units rented to eligible low-income, elderly tenants, in line with Section 8 of the U.S. Housing Act of 1937. This commitment to providing affordable and accessible housing for the elderly and individuals with disabilities is at the heart of Hylton Point Apartments II Inc's mission.
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Impact
July, 2024
Hylton Point Apartments II Inc's impact can be seen in its provision of essential housing facilities and services to the elderly and individuals with disabilities in St. Louis, Missouri. By owning and operating a 60-unit apartment project under the auspices of the U.S. Department of Housing and Urban Development, this organization plays a crucial role in offering safe and affordable housing options to those in need. Through its adherence to HUD regulations and involvement in programs like Section 202 Capital Advance and Section 8 of the US Housing Act of 1937, Hylton Point Apartments II Inc contributes significantly to addressing housing challenges faced by vulnerable populations in the community.
This information is meant to be a general summary of Hylton Point Apartments 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 2022.
- Investment Income: $14
- Program Service Revenue: $629,270
- Gross Receipts: $633,720
Assets and Liabilities:
- Total Assets: $2,240,786
- Total Liabilities: $64,044
- Net Assets: $2,176,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$608,760
CSFP
Revenue
$20,510
Organization Details
Founding Year
1998
Phone
(314) 968-9313Principal Officer
Norma Ellington-Twitty
Main Address
933 Belt Avenue, St Louis, MO, 63112
NTEE Category
Code: L22 - Housing
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