Overview
What is South Pointe Phase Iii Inc?
South Pointe Phase III Inc, located in Monroe, Louisiana, is a nonprofit organization dedicated to providing affordable housing for the elderly and disabled. With a focus on very low-income individuals, the organization operates 36 units of government-assisted housing, fulfilling its charitable purpose. The mission of South Pointe Phase III Inc is centered around offering affordable living solutions to this specific demographic, contributing positively to the community's social fabric.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
South Pointe Phase III Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The overall score is based solely on the accountability and finance beacon, reflecting a notable deficiency in governance policies and financial transparency. While the organization has an independent board with full points for both board composition and lack of material asset diversion, it falls short in critical operational areas.
The organization has missed key governance requirements, such as having a conflict of interest policy, a whistleblower policy, and a document retention policy, resulting in zero points in those categories. Additionally, the absence of essential information on its website, including its tax form, further detracts from its score. The liabilities to assets ratio is particularly alarming at 150.87%, indicating potential financial instability.
On a positive note, South Pointe Phase III Inc does allocate a significant portion of its expenses to programs, achieving a program expense ratio of 91.31%. This suggests that when funds are available, they are directed towards mission-related activities. However, the organization must address its governance issues and improve transparency to enhance its rating and build trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is South Pointe Phase Iii Inc legitimate?
South Pointe Phase Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Pointe Phase Iii 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: $32,149
For more financial information, click here
What is the mission statement of South Pointe Phase Iii Inc?
South Pointe Phase III Inc, as an organization, is committed to providing affordable housing opportunities for the elderly and disabled individuals. This mission is carried out through the operation of 36 units of government-assisted housing, specifically catering to very low-income elderly persons. The organization's primary goal is to contribute to the well-being of these vulnerable groups by offering them affordable housing solutions.
Who is the CEO of South Pointe Phase Iii Inc?
Joe Farr is the President of South Pointe Phase Iii Inc.
What is the revenue of South Pointe Phase Iii Inc?
South Pointe Phase Iii Inc's revenue in 2023 was $173,450.
Who are the executives of South Pointe Phase Iii Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 South Pointe Phase Iii Inc?
South Pointe Phase Iii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of South Pointe Phase Iii Inc
South Pointe Phase III Inc, as a nonprofit organization, is committed to providing affordable housing for the elderly and disabled individuals. In line with its mission, the organization operates 36 units of government-assisted housing, catering specifically to the needs of very low-income elderly persons. By carrying out this exempt purpose, South Pointe Phase III Inc contributes to ensuring that these vulnerable individuals have access to suitable living arrangements that fit within their financial means.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
South Pointe Phase III Inc plays a crucial role in addressing the urgent need for affordable housing, particularly for elderly and disabled individuals. By providing 36 units of government-assisted housing in Monroe, LA, the organization ensures that very low-income elderly persons have access to safe and stable living environments. This initiative not only alleviates housing insecurity among vulnerable populations but also fosters a sense of community and independence.
The impact of South Pointe Phase III Inc extends beyond mere shelter; it enhances the quality of life for its residents. The organization promotes social inclusion and support systems, enabling elderly and disabled individuals to live with dignity and access essential services. In doing so, South Pointe III contributes significantly to the overall well-being and stability of the community, creating a more equitable society for those in need.
This information is meant to be a general summary of South Pointe Phase Iii 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: $643
- Program Service Revenue: $168,096
- Gross Receipts: $173,450
Assets and Liabilities:
- Total Assets: $2,123,454
- Total Liabilities: $3,203,823
- Net Assets: -$1,080,369
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$168,096
Organization Details
Founding Year
2005
Phone
(318) 388-1500Principal Officer
Joe Farr
Main Address
300 HARRISON STREET, MONROE, LA, 71201
NTEE Category
Code: L22 - Housing
If you are a representative of South Pointe Phase Iii Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.