Overview
What is Westside Terrace Inc?
Westside Terrace Inc is a nonprofit organization situated in Muskogee, Oklahoma. Their primary aim is to manage and operate an elderly housing program, funded by the Department of Housing and Urban Development's Section 202 program. This program offers housing solutions for the elderly community, ensuring they have a secure living environment. The organization's mission aligns with this goal, focusing on providing elderly housing through the Section 202 program.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
Westside Terrace Inc. has received a Two-Star rating from Charity Navigator, indicating that there are areas for improvement in its overall accountability and finance score. The organization has performed well in several key areas, including having a fully independent board and a high program expense ratio of 86.67%, which reflects a strong commitment to directing funds toward its programs rather than administrative costs.
However, the nonprofit faces significant challenges, particularly with its liabilities to assets ratio, which is reported at 123.42%. This suggests that the organization may have financial sustainability concerns, as its liabilities exceed its assets. While it has established effective policies for conflict of interest and document retention, the overall financial health needs attention to improve its rating and ensure long-term stability.
In summary, while Westside Terrace Inc. demonstrates strengths in governance and program efficiency, the high liabilities relative to its assets raises red flags regarding its financial foundation. Addressing these issues could enhance its rating and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Westside Terrace Inc legitimate?
Westside Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westside Terrace 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: $9,924
For more financial information, click here
What is the mission statement of Westside Terrace Inc?
Westside Terrace Inc's mission is centered around providing elderly housing. This mission is facilitated through their participation in the Section 202 program, which is overseen by the Department of Housing and Urban Development. The organization's primary goal is to own, maintain, and operate this elderly housing program, aiming to provide a suitable living environment for the elderly population. Their activities involve managing and maintaining the housing facilities to ensure the comfort and well-being of the residents.
Who is the CEO of Westside Terrace Inc?
Tara Goodman is the Executive Director of Westside Terrace Inc.
What is the revenue of Westside Terrace Inc?
Westside Terrace Inc's revenue in 2022 was $40,700.
Who are the executives of Westside Terrace Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $114,966
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Where can I find the form 990 for Westside Terrace Inc?
Westside Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westside Terrace Inc
Westside Terrace Inc, as a nonprofit organization, is dedicated to providing elderly housing. This mission is accomplished through the utilization of funding from the Section 202 program, which is overseen by the Department of Housing and Urban Development. In simpler terms, Westside Terrace Inc plays a vital role in owning, maintaining, and operating an elderly housing program, specifically under HUD's Section 202, in its mission to cater to the needs of the elderly population. This commitment to elderly housing enables Westside Terrace Inc to contribute significantly to the community, ensuring that elderly individuals have access to suitable living arrangements.
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Impact
August, 2024
Westside Terrace Inc's impact lies in providing essential housing options for the elderly in Muskogee, Oklahoma. Through the operation of an elderly housing program financed by the Department of Housing and Urban Development, Westside Terrace Inc ensures that senior citizens have a safe and comfortable place to call home. By offering affordable housing options specifically created for the elderly, this organization plays a crucial role in addressing the housing needs of this vulnerable population in the community.
This information is meant to be a general summary of Westside Terrace 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: $81
- Program Service Revenue: $30,789
- Gross Receipts: $40,700
Assets and Liabilities:
- Total Assets: $1,251,474
- Total Liabilities: $1,496,859
- Net Assets: -$245,385
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dwelling Rent
Revenue
$27,638
Tenant Charges
Revenue
$3,151
Organization Details
Founding Year
2013
Phone
(918) 687-6301Principal Officer
Tara Goodman
Main Address
PO Box 1471, Muskogee, OK, 74402
NTEE Category
Code: L20 - Housing
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