Overview
What is Abundant Life Towers Ii Inc C/O Wp&M Real Estate?
Abundant Life Towers II Inc, under the management of Wp&M Real Estate, is a nonprofit organization situated in Owings Mills, Maryland. Their primary mission is to provide housing solutions for the elderly, leveraging funding from the Department of Housing and Urban Development's Section 202 program. By doing so, they contribute to the well-being of senior citizens, ensuring they have access to safe and comfortable living environments through public assistance funds.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (71%)
Abundant Life Towers II Inc. has received a two-star rating from Charity Navigator, indicating that while there are strong points in its financial accountability and governance, significant areas need improvement. The organization boasts a perfect score in accountability and finance, particularly excelling in aspects such as having an independent board and a high program expense ratio of 93.60%, signaling a strong commitment to its mission.
However, there are notable limitations that raise concerns. The organization has not posted its tax form on its website, lacks a conflict of interest policy, and does not have a whistleblower policy in place. Additionally, its liabilities to assets ratio is quite high at 175.60%, which can be a red flag regarding financial stability and sustainability. Addressing these deficiencies will be crucial for enhancing its overall rating and demonstrating transparency to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Abundant Life Towers Ii Inc C/O Wp&M Real Estate legitimate?
Abundant Life Towers Ii Inc C/O Wp&M Real Estate is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abundant Life Towers Ii Inc C/O Wp&M Real Estate 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: $243,168
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What is the mission statement of Abundant Life Towers Ii Inc C/O Wp&M Real Estate?
Abundant Life Towers II Inc., under the management of Wp&M Real Estate, is dedicated to providing housing solutions for the elderly. They accomplish this mission by leveraging public assistance funds through the Department of Housing and Urban Development's Section 202 program. Their primary focus is on offering comfortable living spaces and support services for the elderly population, contributing to their overall well-being and quality of life.
Who is the CEO of Abundant Life Towers Ii Inc C/O Wp&M Real Estate?
Monroe R Saunders Jr is the President of Abundant Life Towers Ii Inc C/O Wp&M Real Estate.
What is the revenue of Abundant Life Towers Ii Inc C/O Wp&M Real Estate?
Abundant Life Towers Ii Inc C/O Wp&M Real Estate's revenue in 2022 was $939,373.
Who are the executives of Abundant Life Towers Ii Inc C/O Wp&M Real Estate and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Abundant Life Towers Ii Inc C/O Wp&M Real Estate?
Abundant Life Towers Ii Inc C/O Wp&M Real Estate's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Abundant Life Towers Ii Inc C/O Wp&M Real Estate
Abundant Life Towers II Inc., under the guidance of Wp&M Real Estate, is dedicated to providing housing solutions for the elderly population. The organization operates under the Department of Housing and Urban Development's Section 202 program, utilizing public assistance funds. Their mission is centered around offering suitable living spaces for the elderly, ensuring they have a secure and comfortable environment to reside in. By providing housing through Section 202, Abundant Life Towers II Inc. contributes to the well-being and independence of the elderly community, enabling them to maintain a dignified lifestyle.
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Impact
July, 2024
Abundant Life Towers II Inc C/O Wp&M Real Estate plays a crucial role in providing housing for the elderly under the Department of Housing and Urban Development Section 202 via public assistance funds. This organization in Owings Mills, Maryland, directly impacts the lives of elderly individuals by ensuring they have secure and safe housing options. Through its mission of providing affordable housing to seniors in need, this organization helps improve the quality of life and well-being of the elderly population in the community. The work of Abundant Life Towers II Inc C/O Wp&M Real Estate addresses a critical need for affordable housing for seniors, ultimately contributing to a more inclusive and supportive society for the elderly.
This information is meant to be a general summary of Abundant Life Towers Ii Inc C/O Wp&M Real Estate. 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: $62
- Program Service Revenue: $939,311
- Gross Receipts: $939,373
Assets and Liabilities:
- Total Assets: $1,312,958
- Total Liabilities: $2,320,690
- Net Assets: -$1,007,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$639,026
APARTMENTS - RENT
Revenue
$218,238
RENTAL RELATED FEES & INCOME
Revenue
$82,047
Organization Details
Founding Year
1983
Phone
(410) 727-5525Principal Officer
Monroe R Saunders Jr
Main Address
11433 CRONRIDGE DRIVE, OWINGS MILLS, MD, 21117
NTEE Category
Code: L22 - Housing
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