Overview
What is Central Park Senior Residences Inc?
Central Park Senior Residences Inc, a nonprofit organization based in Wichita, Kansas, was established with the purpose of constructing, owning, and managing a 32-unit senior living community, known as Central Park Senior Residences. This residential complex caters specifically to low-income elderly individuals, adhering to Section 202 of the National Affordable Housing Act. The organization's primary mission involves maintaining and operating these low-income housing projects for the aged population through HUD programs, ensuring that they have access to suitable living arrangements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Central Park Senior Residences Inc has achieved an impressive 94% rating from Charity Navigator, reflecting its strong performance in accountability and finance metrics. This rating is based solely on its Accountability & Finance score, indicating a high level of transparency and responsible financial management. The organization demonstrates a commitment to maintaining an independent board and has policies in place to prevent conflicts of interest and ensure proper documentation.
The nonprofit excels with a program expense ratio of 80.78%, suggesting that a significant portion of its resources is directed towards its mission-driven activities. With a low liabilities to assets ratio of only 6.99%, Central Park Senior Residences Inc shows financial stability, allowing it to effectively support its operations and services for senior residents.
One area of note is the effective implementation of key governance policies, such as a whistleblower policy and conflict of interest guidelines, which enhance its overall accountability. However, while the organization showcases strong scores in various metrics, continuous monitoring and evaluation will be essential to maintain and improve these standards over time.
This AI summary has been generated from information found on Charity Navigator.
Is Central Park Senior Residences Inc legitimate?
Central Park Senior Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Park Senior Residences 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: $0
For more financial information, click here
What is the mission statement of Central Park Senior Residences Inc?
Central Park Senior Residences Inc's mission is centered around maintaining and operating low-income housing projects, specifically designed for elderly individuals with limited income. This is achieved through participation in HUD programs. The organization's primary goal is to provide a suitable living environment for this particular demographic, ensuring their needs are met. Central Park Senior Residences Inc was established with the intention of constructing, owning, and operating such housing projects, as outlined in Section 202 of the National Affordable Housing Act.
Who is the CEO of Central Park Senior Residences Inc?
Byron Adrian is the President of Central Park Senior Residences Inc.
What is the revenue of Central Park Senior Residences Inc?
Central Park Senior Residences Inc's revenue in 2023 was $206,918.
Who are the executives of Central Park Senior Residences Inc and what are their salaries?
There 7 volunteers at Central Park Senior Residences Inc.
Here are 8 key members and their salaries:
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- Related: $128,438
- Other: $25,681
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Where can I find the form 990 for Central Park Senior Residences Inc?
Central Park Senior Residences Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Central Park Senior Residences Inc
Central Park Senior Residences Inc, a Kansas-based nonprofit organization, is committed to maintaining and operating low-income housing projects specifically designed for elderly individuals who are financially disadvantaged. This mission is carried out in accordance with the guidelines set by the Department of Housing and Urban Development (HUD) programs. The organization's primary goal is to provide a suitable living environment for this vulnerable population, ensuring their basic needs are met with dignity and respect. By constructing, owning, and operating housing projects, Central Park Senior Residences Inc contributes significantly to the well-being of the elderly community, offering them a secure and comfortable living space.
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Impact
October, 2024
Central Park Senior Residences Inc significantly impacts the community by providing affordable housing for low-income elderly individuals in Wichita, Kansas. With the construction and operation of a 32-unit apartment community known as Central Park Senior Residences, the organization addresses the pressing need for accessible living solutions for seniors. By participating in HUD programs designed to maintain and operate low-income housing, it ensures that elderly residents have a safe, secure, and supportive environment to live in. This initiative not only enhances the quality of life for individuals but also fosters a sense of community among residents, promoting social engagement and well-being among the elderly population. Through its efforts, Central Park Senior Residences Inc plays a crucial role in alleviating housing disparities and improving the overall living conditions for vulnerable seniors in the area.
This information is meant to be a general summary of Central Park Senior Residences 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: $295
- Program Service Revenue: $114,968
- Gross Receipts: $206,918
Assets and Liabilities:
- Total Assets: $776,378
- Total Liabilities: $54,291
- Net Assets: $722,087
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$114,968
Organization Details
Founding Year
1998
Phone
(316) 942-4848Principal Officer
Byron Adrian
Main Address
2145 N TOPEKA, WICHITA, KS, 672141140
NTEE Category
Code: L22 - Housing
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