Overview
What is Community Apartments Corporation Of Beaufort County?
Community Apartments Corporation of Beaufort County is a nonprofit organization situated in Raleigh, North Carolina. Its primary focus is to offer housing solutions for individuals grappling with mental illness. By providing suitable living arrangements, this organization strives to improve the quality of life for its residents. The mission of Community Apartments Corporation of Beaufort County is centered around this essential service, ensuring that those in need have a safe and supportive environment to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (58%)
Community Apartments Corporation of Beaufort County has received a low rating of 58%, indicating significant concerns regarding its accountability and financial practices. The rating reflects primarily on its Accountability & Finance score, which is the sole component assessed. Key strengths include having a fully independent board and no material diversion of assets, demonstrating some level of governance integrity.
However, there are notable weaknesses that have contributed to the low overall score. The organization has a high liabilities-to-assets ratio, indicating potential financial instability, and lacks essential policies such as a conflict of interest policy, whistleblower policy, and guidelines for document retention and destruction. These gaps suggest a need for improved operational transparency and risk management.
The program expense ratio is favorable at 79%, which indicates that a significant portion of expenses is directed towards its programs. Despite this positive aspect, the absence of crucial governance policies raises red flags about the organization's commitment to ethical standards and accountability. Overall, while the organization demonstrates some strengths, the limitations present serious concerns for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Beaufort County legitimate?
Community Apartments Corporation Of Beaufort County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Beaufort 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:
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Other Salaries and Wages: $0
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What is the mission statement of Community Apartments Corporation Of Beaufort County?
Community Apartments Corporation of Beaufort County's mission, as an organization, is focused on providing housing solutions for individuals grappling with mental illness. By offering suitable living spaces, they aim to contribute positively to the well-being and recovery process of these individuals, thereby enhancing their overall quality of life. The organization's activities are primarily centered around the provision of housing, providing a safe and supportive environment for those in need. While the organization does not engage in direct medical or therapeutic interventions, the housing it provides serves as a crucial foundation for the mental health journey of its residents.
Who is the CEO of Community Apartments Corporation Of Beaufort County?
John Nash is the Director of Community Apartments Corporation Of Beaufort County.
What is the revenue of Community Apartments Corporation Of Beaufort County?
Community Apartments Corporation Of Beaufort County's revenue in 2022 was $76,597.
Who are the executives of Community Apartments Corporation Of Beaufort County and what are their salaries?
There 12 volunteers at Community Apartments Corporation Of Beaufort 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 Beaufort County?
Community Apartments Corporation Of Beaufort County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Beaufort County
Community Apartments Corporation of Beaufort County is dedicated to serving individuals battling mental illness by providing them with housing. This organization's mission is centered around providing suitable living spaces for individuals grappling with mental health issues. By offering housing, the Corporation aims to contribute to their overall well-being and recovery process. The Corporation's endeavors are geared towards offering a supportive environment that facilitates the healing process for those struggling with mental illness.
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Impact
August, 2024
Community Apartments Corporation Of Beaufort County plays a crucial role in providing housing for individuals suffering from mental illness in the Raleigh area of North Carolina. Through its dedicated efforts, the organization offers a safe and supportive living environment for this vulnerable population, contributing to their overall well-being and quality of life. By addressing the housing needs of the mentally ill, the organization helps to improve their access to stable accommodation and vital support services, ultimately making a positive impact on their lives and the community as a whole.
This information is meant to be a general summary of Community Apartments Corporation Of Beaufort 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: $196
- Program Service Revenue: $37,089
- Gross Receipts: $76,597
Assets and Liabilities:
- Total Assets: $724,721
- Total Liabilities: $963,439
- Net Assets: -$238,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$37,089
Organization Details
Founding Year
2002
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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