Overview
What is Community Apartments Corporation Of Metrolina 8?
Community Apartments Corporation of Metrolina 8 is a nonprofit organization situated in Raleigh, North Carolina, specifically at 353 E Six Forks Road Suite 300. Their primary focus lies in providing housing solutions for individuals dealing with mental illness. This mission is carried out through their dedicated services, aiming to offer a supportive living environment for those in need. By summarizing the information and description provided, it is clear that the organization's activities are centered around housing and assisting those suffering from mental illness.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Community Apartments Corporation Of Metrolina 8 has received a low rating of 58%, indicating significant concerns regarding its accountability and financial practices. This rating is derived entirely from the Accountability & Finance beacon, which reflects how well the organization adheres to financial management standards. While the organization excels in areas such as having an independent board and maintaining a high program expense ratio, it struggles with high liabilities relative to its assets.
The nonprofit demonstrates strengths in governance with a fully independent board and a commitment to transparency by documenting board meeting minutes. However, it faces criticisms for missing essential policies, such as a conflict of interest policy and a whistleblower policy, which are critical for ethical operation and protecting stakeholders. Furthermore, the absence of its tax form on the nonprofit's website raises questions about transparency and accountability.
Overall, while Community Apartments Corporation Of Metrolina 8 shows strong programmatic focus, its weaknesses in financial stability and missing documentation policies warrant careful consideration from potential donors and stakeholders. Improvements in these areas would be crucial for enhancing trust and credibility within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Metrolina 8 legitimate?
Community Apartments Corporation Of Metrolina 8 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Metrolina 8 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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Other Salaries and Wages: $0
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What is the mission statement of Community Apartments Corporation Of Metrolina 8?
Community Apartments Corporation of Metrolina 8 is dedicated to serving individuals struggling with mental illness by providing them with suitable housing. The organization's primary mission is to offer a safe and supportive living environment for these individuals, aiming to improve their quality of life. By providing housing, the corporation aims to help these individuals regain their independence and stability, enabling them to focus on their recovery and well-being. The organization's housing services are designed to cater to the unique needs of mentally ill individuals, ensuring they receive the necessary care and support.
Who is the CEO of Community Apartments Corporation Of Metrolina 8?
John Nash is the Director of Community Apartments Corporation Of Metrolina 8.
What is the revenue of Community Apartments Corporation Of Metrolina 8?
Community Apartments Corporation Of Metrolina 8's revenue in 2022 was $47,495.
Who are the executives of Community Apartments Corporation Of Metrolina 8 and what are their salaries?
There 12 volunteers at Community Apartments Corporation Of Metrolina 8.
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Where can I find the form 990 for Community Apartments Corporation Of Metrolina 8?
Community Apartments Corporation Of Metrolina 8's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Metrolina 8
Community Apartments Corporation of Metrolina 8 is an organization dedicated to providing housing for individuals grappling with mental illness. Its primary mission is to offer a sanctuary for these individuals, ensuring they have a secure place to call home. By offering housing, the organization aims to contribute to their overall well-being and recovery process, providing them with a stable living environment that is conducive to their mental health improvement. This housing provision is a crucial aspect of the organization's mission, as it acknowledges the vital role that a stable living situation plays in the recovery and rehabilitation of individuals with mental illness.
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Impact
August, 2024
Community Apartments Corporation Of Metrolina 8's impact is focused on providing housing and support for individuals suffering from mental illness in RALEIGH, NC. Through their mission of offering stable housing to the mentally ill, this organization plays a critical role in assisting this vulnerable population in accessing safe and supportive living environments. By addressing the housing needs of those with mental health challenges, Community Apartments Corporation Of Metrolina 8 contributes to enhancing the overall well-being and quality of life for these individuals.
This information is meant to be a general summary of Community Apartments Corporation Of Metrolina 8. 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: $128
- Program Service Revenue: $24,662
- Gross Receipts: $47,495
Assets and Liabilities:
- Total Assets: $570,962
- Total Liabilities: $682,269
- Net Assets: -$111,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$24,662
Organization Details
Founding Year
2005
Phone
(919) 782-4632Principal Officer
John Nash
Main Address
353 E Six Forks Road Suite 300, Raleigh, NC, 27609
NTEE Category
Code: L21 - Housing
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