Overview
What is Holt Apartments Inc?
Holt Apartments Inc is a nonprofit organization situated in Clinton, Missouri, with a specific mission to assist individuals with disabilities and low income. Their primary objective is to provide them with uniquely designed housing facilities and services, catering to their physical, social, and psychological needs. To fulfill this mission, Holt Apartments Inc offers supportive housing, ensuring a conducive living environment for their residents. The organization is dedicated to improving the quality of life for these individuals, making a significant contribution to their well-being and overall community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Holt Apartments Inc has achieved a score of 79%, which reflects a strong performance in accountability and finance. The organization demonstrates a high level of transparency with a fully independent board, and it has scored perfectly on several governance aspects, such as having a conflict of interest policy and a whistleblower policy in place. The program expense ratio of 73.01% indicates that a significant portion of its resources is directed towards its programs, which is a positive sign for potential donors.
However, there are some areas of concern. The organization has a liabilities-to-assets ratio of 70.12%, which suggests that it has a high level of debt compared to its assets. This may raise questions about financial sustainability in the long term. Furthermore, while salaries for key personnel are disclosed, the compensation for certain board members may warrant further scrutiny, particularly the high salary of the CFO.
Overall, Holt Apartments Inc shows commendable practices in governance and program spending, but potential donors and stakeholders may want to consider the implications of its financial ratios when evaluating the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Holt Apartments Inc legitimate?
Holt Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holt 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,917
For more financial information, click here
What is the mission statement of Holt Apartments Inc?
Holt Apartments Inc is dedicated to providing supportive housing for individuals with disabilities who have low income. Their mission is to offer specialized housing facilities and services that cater to the physical, social, and psychological needs of these individuals. The organization aims to improve their residents' quality of life by providing them with a conducive living environment tailored to their unique requirements. Holt Apartments Inc strives to create an inclusive community where its residents can thrive and live with dignity. The organization's mission is to ensure that people with disabilities, regardless of their financial situation, have access to safe and supportive housing.
What is the revenue of Holt Apartments Inc?
Holt Apartments Inc's revenue in 2023 was $47,437.
Who are the executives of Holt Apartments Inc and what are their salaries?
There 4 volunteers at Holt Apartments Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $495,820
- Other: $99,373
- Compensation: $0
- Related: $362,136
- Other: $81,956
- Compensation: $0
- Related: $45,022
- Other: $2,424
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Holt Apartments Inc?
Holt Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Holt Apartments Inc
Holt Apartments Inc, a nonprofit organization, is dedicated to providing supportive housing for individuals with disabilities who have limited income. Their mission is to offer low-income housing facilities and services tailored to meet the unique physical, social, and psychological needs of disabled individuals. By doing so, Holt Apartments Inc aims to create an environment that fosters their overall well-being and empowers them to live independent and fulfilling lives.
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Impact
August, 2024
Holt Apartments Inc's impact lies in providing supportive housing to low-income disabled persons. By offering housing facilities and services specifically tailored to meet the physical, social, and psychological needs of individuals with disabilities, Holt Apartments Inc plays a crucial role in enhancing the quality of life for this vulnerable population. Through their mission to provide affordable and supportive housing, Holt Apartments Inc contributes significantly to addressing housing disparities and improving the overall well-being of disabled individuals in Clinton, Missouri.
This information is meant to be a general summary of Holt 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 2023.
- Investment Income: $117
- Program Service Revenue: $46,166
- Gross Receipts: $47,437
Assets and Liabilities:
- Total Assets: $1,239,314
- Total Liabilities: $869,010
- Net Assets: $370,304
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT REVENUE
Revenue
$27,099
RENT SUBSIDIES
Revenue
$19,067
Organization Details
Founding Year
2013
Principal Officer
Jake Krafve
NTEE Category
Code: L21 - Housing
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