Overview
What is Desha Elderly Apartments Inc?
Desha Elderly Apartments Inc is a nonprofit organization situated in Dumas, Arkansas. Their primary mission, as outlined under Section 202 of the National Affordable Housing Act, is to provide housing for qualified individuals who meet the organization's criteria. This commitment to offering suitable living arrangements is central to their activities and mission. The specific details of the qualifications and application process for individuals seeking housing are not provided in the information provided.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Desha Elderly Apartments Inc has received a low rating of 58% from Charity Navigator, reflecting significant concerns in its accountability and financial practices. While the organization scores well in governance aspects such as having a majority independent board and maintaining proper meeting documentation, it falls short in transparency with critical policies and required documents missing from its website.
The organization does demonstrate a strong program expense ratio of 91.55%, indicating that a substantial portion of its expenses is dedicated to its programs. However, the high liabilities to assets ratio of 119.44% raises red flags regarding its financial stability. This imbalance suggests that the organization may face challenges in its financial health.
Overall, while Desha Elderly Apartments Inc shows some strengths in governance and program spending, the lack of essential policies and missing documentation significantly detracts from its overall accountability. Potential donors and stakeholders should consider these limitations when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Desha Elderly Apartments Inc legitimate?
Desha Elderly Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Desha Elderly 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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What is the mission statement of Desha Elderly Apartments Inc?
Desha Elderly Apartments Inc, as per its mission, is dedicated to providing housing for qualified individuals. This commitment is in accordance with Section 202 of the National Affordable Housing Act. The organization's primary objective is to ensure that eligible individuals have access to suitable housing facilities. This mission is a crucial part of their operations, aiming to make a significant impact in the lives of those they serve. The organization's activities are geared towards meeting the housing needs of these qualified individuals, contributing to a more inclusive and equitable community.
Who is the CEO of Desha Elderly Apartments Inc?
Phillip G Bourgeois is the President of Desha Elderly Apartments Inc.
What is the revenue of Desha Elderly Apartments Inc?
Desha Elderly Apartments Inc's revenue in 2022 was $41,146.
Who are the executives of Desha Elderly Apartments Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Desha Elderly Apartments Inc?
Desha Elderly Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Desha Elderly Apartments Inc
Desha Elderly Apartments Inc, as a nonprofit organization, is dedicated to providing housing for qualified individuals. This mission is aligned with Section 202 of the National Affordable Housing Act. In simpler terms, Desha Elderly Apartments Inc serves as a sanctuary, offering suitable living arrangements for individuals who meet specific criteria, all in line with this significant national housing act. The organization's primary aim is to ensure that these individuals have access to affordable and suitable housing options, thereby contributing to their overall well-being and quality of life.
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Impact
August, 2024
Desha Elderly Apartments Inc provides vital housing for qualified individuals under Section 202 of the National Affordable Housing Act. By offering affordable and safe housing options for elderly individuals in Dumas, AR, this organization directly addresses the pressing need for accessible accommodation for this demographic. Desha Elderly Apartments Inc's impact lies in its ability to support and enhance the well-being and quality of life of elderly residents in the community by providing them with a secure and comfortable living environment.
This information is meant to be a general summary of Desha Elderly 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: $10
- Program Service Revenue: $41,136
- Gross Receipts: $41,146
Assets and Liabilities:
- Total Assets: $1,050,078
- Total Liabilities: $1,254,243
- Net Assets: -$204,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$41,136
Organization Details
Founding Year
2012
Phone
(870) 382-6762Principal Officer
Phillip G Bourgeois
Main Address
P O BOX 624, DUMAS, AR, 71639
NTEE Category
Code: L21 - Housing
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