Overview
What is Community Apartments Corporation Of Randolph County?
Community Apartments Corporation of Randolph County is a nonprofit organization situated in Raleigh, North Carolina. Their primary focus is on providing housing solutions for individuals dealing with mental illnesses. By offering suitable accommodations, this organization aims to support and improve the lives of those in need. Their mission is deeply rooted in this commitment, making them a vital resource within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Community Apartments Corporation Of Randolph County has received a One-Star rating from Charity Navigator primarily due to its Accountability & Finance score of 58%. This rating indicates concerns regarding the organization's financial stability and management practices. The score is based solely on the Accountability & Finance beacon, with particular attention given to the organization's liabilities exceeding its assets.
Despite the low overall score, the nonprofit demonstrates strengths in certain areas of governance. The organization has a fully independent board, with 100% of its members meeting independence criteria and a sizable board structure. Additionally, it shows positive practices in documenting board meeting minutes and maintaining a high program expense ratio of 74.70%, indicating that a significant portion of its budget is allocated directly to its programs.
However, the organization's liabilities to assets ratio stands at 113.20%, which is a significant red flag for financial health and sustainability. This financial concern highlights the need for improved financial management and planning to ensure the long-term viability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Randolph County legitimate?
Community Apartments Corporation Of Randolph County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Randolph County 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: $0
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What is the mission statement of Community Apartments Corporation Of Randolph County?
The Community Apartments Corporation of Randolph County's primary focus is to offer housing solutions for individuals grappling with mental illness. Their mission is centered around providing a safe and supportive living environment for these individuals, aiming to enhance their quality of life. The organization's activities are geared towards facilitating a stable living situation for those in need, thereby contributing to their overall well-being. While the organization does not engage in research or advocacy efforts, its primary role is to offer housing as a crucial aspect of mental health care.
Who is the CEO of Community Apartments Corporation Of Randolph County?
John Nash is the Director of Community Apartments Corporation Of Randolph County.
What is the revenue of Community Apartments Corporation Of Randolph County?
Community Apartments Corporation Of Randolph County's revenue in 2022 was $57,424.
Who are the executives of Community Apartments Corporation Of Randolph County and what are their salaries?
There 12 volunteers at Community Apartments Corporation Of Randolph County.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Community Apartments Corporation Of Randolph County?
Community Apartments Corporation Of Randolph County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Randolph County
Community Apartments Corporation of Randolph County is dedicated to providing housing for individuals living with mental illness. This nonprofit organization's mission is centered around offering suitable living spaces for individuals who are grappling with mental health challenges. By offering housing, the organization aims to provide a safe and stable environment for these individuals, enabling them to focus on their recovery and overall well-being. The Corporation's work is instrumental in ensuring that those suffering from mental illness have access to adequate housing, thereby contributing to their overall improvement and integration into society.
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Impact
August, 2024
Community Apartments Corporation Of Randolph County's impact lies in providing essential housing for individuals suffering from mental illness in Raleigh, North Carolina. By offering stable and supportive living environments, this organization contributes to the well-being and recovery of its residents. Through their mission of providing housing for the mentally ill, they address a critical need in the community and play a vital role in supporting individuals in their journey towards improved mental health and overall quality of life.
This information is meant to be a general summary of Community Apartments Corporation Of Randolph County. 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: $131
- Program Service Revenue: $36,220
- Gross Receipts: $57,424
Assets and Liabilities:
- Total Assets: $820,932
- Total Liabilities: $929,364
- Net Assets: -$108,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$36,220
Organization Details
Founding Year
2004
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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