Overview
What is Cottages At Crestview Inc?
Cottages At Crestview Inc, located in Hendersonville, North Carolina, is a dedicated nonprofit organization that focuses on providing affordable housing solutions for the elderly with limited income residing in Rutherford County. The organization's primary mission is to offer low-cost housing options for elderly residents, ensuring they can maintain a comfortable living situation without straining their financial resources. Their services contribute positively to the community by providing a supportive environment for the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Cottages At Crestview Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization demonstrates strong governance with a fully independent board and high program expense ratio, it struggles with critical areas such as liability management and essential policies, which are currently missing.
The charity's program expense ratio is impressive at 96.93%, suggesting that a substantial portion of its resources is dedicated to its programs. However, the liabilities to assets ratio is concerning at 189.04%, pointing to potential financial instability. Additionally, the absence of key policies, including a conflict of interest policy and a whistleblower policy, raises questions about the organization’s operational oversight.
Overall, while Cottages At Crestview Inc shows strengths in governance and program spending, the lack of essential financial safeguards and transparency measures limits its effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cottages At Crestview Inc legitimate?
Cottages At Crestview Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottages At Crestview 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: $0
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What is the mission statement of Cottages At Crestview Inc?
Cottages At Crestview Inc is committed to providing affordable housing for elderly residents who have limited income. Their mission is to offer a comfortable living environment for this demographic, ensuring they can maintain a dignified lifestyle without financial strain. The organization's activities are centered around ensuring that elderly individuals in need of affordable housing can find it, making a significant difference in their lives. While located in Rutherford County, NC, the focus remains on the mission of providing low-cost housing to those in need, regardless of their specific location.
Who is the CEO of Cottages At Crestview Inc?
Jimmy Dancy is the Chairman of Cottages At Crestview Inc.
What is the revenue of Cottages At Crestview Inc?
Cottages At Crestview Inc's revenue in 2022 was $207,854.
Who are the executives of Cottages At Crestview Inc and what are their salaries?
There 7 volunteers at Cottages At Crestview Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Cottages At Crestview Inc?
Cottages At Crestview Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cottages At Crestview Inc
Cottages At Crestview Inc is committed to providing affordable housing for elderly residents who are financially constrained. Their mission, in essence, is to create a living environment for the elderly with limited income, ensuring they have a roof over their heads without breaking their budgets. By offering low-cost housing, this organization aims to alleviate the housing burden for this vulnerable population, enabling them to focus on their well-being and quality of life.
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Impact
October, 2024
Cottages At Crestview Inc plays a vital role in the community by providing low-cost housing specifically designed for elderly residents with limited income. Located in Hendersonville, NC, this organization addresses a crucial need for affordable housing in Rutherford County, ensuring that seniors can maintain their dignity and independence in a supportive environment.
By offering affordable living options, Cottages At Crestview Inc mitigates the financial burdens often faced by elderly individuals, allowing them to focus on their well-being rather than worrying about housing costs. This impact not only enhances the quality of life for residents but also fosters a sense of community among seniors, promoting social interaction and support networks.
Overall, Cottages At Crestview Inc significantly contributes to the well-being of elderly residents in the area, empowering them to lead fulfilling lives while promoting stability in the community.
This information is meant to be a general summary of Cottages At Crestview 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: $97
- Program Service Revenue: $84,092
- Gross Receipts: $207,854
Assets and Liabilities:
- Total Assets: $1,505,777
- Total Liabilities: $2,796,670
- Net Assets: -$1,290,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$83,227
LAUNDRY AND VENDING
Revenue
$865
Organization Details
Founding Year
2002
Phone
(828) 287-2281Principal Officer
Jimmy Dancy
Main Address
224 THOMPSON STREET 181, HENDERSONVILLE, NC, 28792
NTEE Category
Code: L22 - Housing
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