Overview
What is Calvary Towers Inc C/O Harbor Group International?
Calvary Towers Inc C/O Harbor Group International is a nonprofit organization located in Norfolk, Virginia. The primary focus of this organization is to provide housing for eligible elderly and handicapped individuals with limited financial resources, under Section 202 of the U.S. Department of Housing and Urban Development. They manage an apartment project, serving as a dedicated source of accommodation for vulnerable population groups. With a total workforce of 4 individuals, Calvary Towers Inc offers a vital service in ensuring affordable housing for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star Rating)
Calvary Towers Inc, associated with Harbor Group International, has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates certain strengths, there are significant areas for improvement. The rating reflects a 67% score in accountability and finance, highlighting a strong program expense ratio of 91.16%, which shows that a majority of its funding is directed towards its programs.
The organization boasts a fully independent board with 100% independent members and has effective oversight with a well-documented audit and financial oversight committee. However, it falls short in several governance policies, as it lacks both a conflict of interest policy and a whistleblower policy, which are critical for maintaining transparency and accountability.
Additionally, the organization faces challenges regarding its financial health, evidenced by a liabilities to assets ratio of 112.92%, raising concerns about its financial stability. Furthermore, the absence of publicly available tax forms on its website may hinder transparency. Overall, while Calvary Towers Inc shows commitment to its mission, it has identified areas needing attention to enhance its trustworthiness and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Calvary Towers Inc C/O Harbor Group International legitimate?
Calvary Towers Inc C/O Harbor Group International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calvary Towers Inc C/O Harbor Group International 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: $186,546
For more financial information, click here
What is the mission statement of Calvary Towers Inc C/O Harbor Group International?
Calvary Towers Inc C/O Harbor Group International operates an apartment project under Section 202 of the National Housing Act, with a mission to provide housing for elderly and disabled individuals who have limited financial resources. This organization operates with the intent of offering a living space for these individuals, ensuring they have access to suitable housing options. The project, being a Section 8 low-income housing project, provides housing to qualified elderly and handicapped persons under the jurisdiction of the U.S. Department of Housing and Urban Development.
Who is the CEO of Calvary Towers Inc C/O Harbor Group International?
Columbus Grant is the Director of Calvary Towers Inc C/O Harbor Group International.
What is the revenue of Calvary Towers Inc C/O Harbor Group International?
Calvary Towers Inc C/O Harbor Group International's revenue in 2022 was $1,383,185.
Who are the executives of Calvary Towers Inc C/O Harbor Group International and what are their salaries?
The average compensation at Calvary Towers Inc C/O Harbor Group International during 2022 was $46,636. There are 4 employees at Calvary Towers Inc C/O Harbor Group International.
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Where can I find the form 990 for Calvary Towers Inc C/O Harbor Group International?
Calvary Towers Inc C/O Harbor Group International's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Calvary Towers Inc C/O Harbor Group International
Calvary Towers Inc C/O Harbor Group International is dedicated to providing housing solutions for elderly and disabled individuals with limited financial resources. Operating under Section 202 of the National Housing Act, this organization manages an apartment project that caters specifically to this demographic. The mission of Calvary Towers Inc is to create an inclusive living environment where these individuals can call home, providing them with the necessary support they require. The project, recognized as a Section 8 Low Income Housing Project, is overseen by the U.S. Department of Housing and Urban Development. The organization's commitment to this cause reflects its belief in the importance of ensuring everyone, regardless of their financial situation, has access to safe, affordable, and comfortable housing.
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Impact
July, 2024
Calvary Towers Inc C/O Harbor Group International's impact is significant as it provides housing for elderly and disabled individuals with limited financial resources. By owning and operating an apartment project under Section 202 of the National Housing Act, this organization offers a vital service to a vulnerable population, ensuring they have a safe and affordable place to live. This contributes to enhancing the quality of life for these individuals and addresses a critical need for housing for the elderly and disabled in the community.
This information is meant to be a general summary of Calvary Towers Inc C/O Harbor Group International. 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: $34
- Program Service Revenue: $300,643
- Gross Receipts: $1,383,185
Assets and Liabilities:
- Total Assets: $1,154,387
- Total Liabilities: $1,483,685
- Net Assets: -$329,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME -TENANTS
Revenue
$290,526
LAUNDRY & VENDING
Revenue
$5,071
TENANT CHARGES
Revenue
$2,843
OTHER INCOME
Revenue
$2,203
Organization Details
Founding Year
1987
Phone
(757) 640-0800Principal Officer
Columbus Grant
Main Address
999 WATERSIDE DRIVE SUITE 2300, NORFOLK, VA, 23510
NTEE Category
Code: L22 - Housing
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