Overview
What is Council Apartments Inc?
Council Apartments Inc is a nonprofit organization based in University City, Missouri. Established under Section 202 of the National Housing Act, their primary mission is to provide high-quality living and services to lower-income elderly adults residing in managed apartment buildings. This includes creating an inspiring environment that encourages an active and healthy lifestyle for both residents and the broader community senior population. The organization is subsidized by a contract with the Department of Housing and Urban Development, ensuring continuous maintenance and operation of the apartment complex. The mission of Council Apartments Inc is to enable these older adults to live independently and flourish within their community.
Official website here: www.crowncenterstl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Council Apartments Inc has received an 82% rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based solely on their Accountability & Finance metrics, where they excel in areas such as having a fully independent board and a strong program expense ratio of 92.24%. These factors reflect responsible governance and a commitment to effectively using resources towards their mission.
The organization demonstrates a robust framework for accountability, evidenced by the presence of policies for conflict of interest, whistleblowing, and document retention. Additionally, they have a transparent approach to board governance, with all board members being independent. This contributes to a sustainable management structure that prioritizes ethical practices.
However, one area of concern is the liabilities to assets ratio, which stands at 154.40%. This suggests that the organization may have more liabilities than assets, indicating potential financial risk. Overall, while Council Apartments Inc showcases strong governance and fiscal responsibility, attention to their financial liabilities will be essential for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Council Apartments Inc legitimate?
Council Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $114,235
For more financial information, click here
Official website here: www.crowncenterstl.org
What is the mission statement of Council Apartments Inc?
Council Apartments Inc's mission is centered around providing high-quality living and services to lower-income older adult residents in managed apartment buildings, enabling them to live independently. The organization also focuses on creating inspiring programming to foster an active and healthy lifestyle not only for the residents but also for the senior community at large. This mission aims to enhance the overall well-being of the elderly population, promoting their independence and vitality.
Official website here: www.crowncenterstl.org
Who is the CEO of Council Apartments Inc?
Nikki Goldstein is the President of Council Apartments Inc.
Official website here: www.crowncenterstl.org
What is the revenue of Council Apartments Inc?
Council Apartments Inc's revenue in 2022 was $942,544.
Official website here: www.crowncenterstl.org
Who are the executives of Council Apartments Inc and what are their salaries?
There 30 volunteers at Council Apartments Inc.
Here are 23 key members and their salaries:
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- Related: $183,340
- Other: $17,000
Official website here: www.crowncenterstl.org
Where can I find the form 990 for Council Apartments Inc?
Council Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crowncenterstl.org
Learn more at the official website: www.crowncenterstl.org
Mission Statement of Council Apartments Inc
Council Apartments Inc is committed to delivering high-quality living and services that empower lower-income older adult residents residing in managed apartment buildings to thrive independently. The organization creates inspiring programming to encourage an active and healthy lifestyle not only for its residents but also for the wider senior community. By maintaining and operating an apartment complex, Council Apartments Inc helps elderly individuals live with dignity, providing them with the necessary support and resources to lead fulfilling lives.
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Impact
July, 2024
Council Apartments Inc's impact can be seen in its dedication to providing high-quality living and services to enable lower-income older adult residents of the managed apartment buildings to flourish independently. By maintaining and operating an apartment complex for elderly individuals in University City, Missouri, Council Apartments Inc is fulfilling its mission to support the well-being and independence of its residents. Additionally, through inspiring programming, the organization helps both residents and community seniors maintain an active and healthy lifestyle. Council Apartments Inc's work not only provides essential housing for those in need but also fosters a sense of community and well-being among its residents and beyond.
This information is meant to be a general summary of Council 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: $1,280
- Program Service Revenue: $243,058
- Gross Receipts: $942,544
Assets and Liabilities:
- Total Assets: $1,604,608
- Total Liabilities: $612,718
- Net Assets: $991,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$243,058
Organization Details
Founding Year
1964
Phone
(314) 991-2055Principal Officer
Nikki Goldstein
Main Address
8350 DELCREST DRIVE, ST LOUIS, MO, 63124
Website
www.crowncenterstl.orgNTEE Category
Code: L22Z - Housing
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