Overview
What is Accessible Apartments Of Newport News Inc?
Accessible Apartments of Newport News Inc. is a nonprofit organization situated in Richmond, Virginia. Its primary mission is to offer subsidized housing facilities, specifically designed for the care and well-being of low-income elderly and handicapped individuals. The organization has completed a 30-unit apartment project in Newport News, Virginia, providing a supportive living environment for this special population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Star rating)
Accessible Apartments of Newport News Inc has received a low rating of 58%, indicating potential concerns in its accountability and financial practices. The organization has a strong performance in certain areas, such as maintaining an independent board and documenting board meeting minutes. Furthermore, it excels in its program expense ratio, which suggests that a significant portion of its expenditures is dedicated to its programs.
However, several critical weaknesses have been identified that contribute to its overall low rating. The organization has a high liabilities to assets ratio of 144.25%, which indicates potential financial instability. Additionally, it lacks essential governance policies, including a conflict of interest policy and a whistleblower policy, which are important for ensuring transparency and accountability.
Overall, while Accessible Apartments of Newport News Inc demonstrates strengths in independent oversight and program spending, its financial management and governance practices raise concerns that may affect its long-term sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Accessible Apartments Of Newport News Inc legitimate?
Accessible Apartments Of Newport News Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Accessible Apartments Of Newport News 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: $70,590
For more financial information, click here
What is the mission statement of Accessible Apartments Of Newport News Inc?
Accessible Apartments of Newport News Inc. is committed to providing subsidized housing facilities for the care and welfare of low-income elderly and handicapped individuals. The organization's mission is to offer a safe and supportive living environment for these individuals, providing them with the necessary resources to maintain their quality of life. One of their major initiatives includes the operation of a 30-unit apartment project in Virginia, specifically designed for the elderly and handicapped. This project aims to provide these individuals with a secure and comfortable home, enabling them to live with dignity and independence.
Who is the CEO of Accessible Apartments Of Newport News Inc?
Patricia Shumaker is the Chairman of Accessible Apartments Of Newport News Inc.
What is the revenue of Accessible Apartments Of Newport News Inc?
Accessible Apartments Of Newport News Inc's revenue in 2022 was $196,823.
Who are the executives of Accessible Apartments Of Newport News Inc and what are their salaries?
There 5 volunteers at Accessible Apartments Of Newport News Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Accessible Apartments Of Newport News Inc?
Accessible Apartments Of Newport News Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Accessible Apartments Of Newport News Inc
Accessible Apartments of Newport News Inc is dedicated to providing subsidized housing facilities that cater to the care and welfare of low-income elderly and handicapped individuals. The organization's mission is centered around offering a supportive living environment that prioritizes the needs of these vulnerable groups. By doing so, Accessible Apartments of Newport News Inc aims to contribute positively to their well-being and overall quality of life.
To fulfill this mission, the nonprofit organization has established housing projects, such as a 30-unit apartment project in Newport News, Virginia. This project is specifically designed for elderly and handicapped individuals, providing them with a secure and comfortable living space. By offering subsidized housing, Accessible Apartments of Newport News Inc makes it possible for these individuals to maintain an affordable living situation, thereby reducing their financial stress and enabling them to focus on their health and well-being.
In summary, the mission of Accessible Apartments of Newport News Inc revolves around providing subsidized housing facilities for low-income elderly and handicapped individuals. By doing so, the organization aims to enhance their overall well-being and contribute to a better quality of life. The 30-unit apartment project in Newport News, Virginia, serves as a prime example of Accessible Apartments of Newport News Inc's commitment to this mission.
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Impact
October, 2024
Accessible Apartments Of Newport News Inc significantly enhances the quality of life for low-income elderly and handicapped individuals in Newport News, Virginia. By providing subsidized housing, it ensures that these vulnerable populations have access to safe and affordable living spaces tailored to their needs. The organization has successfully established a 30-unit apartment complex that fosters a sense of community and support for its residents.
This initiative not only addresses the immediate housing challenges faced by these individuals but also contributes to their overall well-being by creating an environment conducive to independence and dignity. With a focus on care and welfare, Accessible Apartments of Newport News Inc plays a crucial role in improving the living conditions for those who might otherwise struggle to find suitable housing, ultimately promoting greater social equity and stability in the region.
This information is meant to be a general summary of Accessible Apartments Of Newport News 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 2022.
- Investment Income: $67
- Program Service Revenue: $195,002
- Gross Receipts: $196,823
Assets and Liabilities:
- Total Assets: $949,408
- Total Liabilities: $1,369,561
- Net Assets: -$420,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$186,246
TENANT CHARGES
Revenue
$7,334
LAUNDRY & VENDING
Revenue
$1,422
Organization Details
Founding Year
1993
Phone
(804) 433-1011Principal Officer
Patricia Shumaker
Main Address
6722 PATTERSON AVENUE SUITE A, RICHMOND, VA, 232263400
NTEE Category
Code: L20 - Housing
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