Overview
What is Asberry Courts Inc?
Asberry Courts Inc is a nonprofit organization committed to offering affordable housing solutions for individuals with limited income. Established with the primary mission of providing apartment units, Asberry Courts operates various apartment programs to cater to this demographic effectively. Their dedication to this cause makes them an essential resource within their community, ensuring that individuals with limited financial means can secure stable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star rating)
Asberry Courts Inc has received a Two-Star rating from Charity Navigator, which indicates some concerns regarding its accountability and financial transparency. While the organization has achieved a perfect score for having an independent board and maintaining no material diversion of assets, it lacks comprehensive financial statements and has missing documentation on its website, which significantly impacts its overall score.
The organization demonstrates a strong commitment to its programs, evidenced by a high program expense ratio of 97.03%. This suggests that a substantial portion of its resources is directed towards fulfilling its mission. Additionally, the presence of a conflict of interest policy and proper documentation of board meeting minutes highlight some degree of governance best practices in place.
However, the absence of key financial information, such as financial statements and tax forms on its website, raises red flags regarding transparency. Furthermore, the missing whistleblower policy could indicate potential vulnerabilities in organizational oversight. These factors contribute to the overall lower rating, underscoring the need for Asberry Courts Inc to enhance its financial disclosure practices.
This AI summary has been generated from information found on Charity Navigator.
Is Asberry Courts Inc legitimate?
Asberry Courts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asberry Courts 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: $120,494
For more financial information, click here
What is the mission statement of Asberry Courts Inc?
Asberry Courts Inc's mission is centered around offering housing solutions. Specifically, they aim to provide apartment units for individuals with limited income. This mission is carried out through the operation of their apartment programs. By offering affordable housing, Asberry Courts Inc contributes to improving living conditions for a significant portion of the population. Their primary focus is on making housing accessible to those who may not otherwise have the means to secure it. The organization's apartment programs serve as a crucial resource for these individuals, providing them with a stable and safe living environment.
Who is the CEO of Asberry Courts Inc?
John Smith is the President of Asberry Courts Inc.
What is the revenue of Asberry Courts Inc?
Asberry Courts Inc's revenue in 2023 was $707,691.
Who are the executives of Asberry Courts Inc and what are their salaries?
The average compensation at Asberry Courts Inc during 2023 was $30,124. There are 4 employees at Asberry Courts Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Asberry Courts Inc?
Asberry Courts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Asberry Courts Inc
Asberry Courts Inc, a nonprofit organization, is dedicated to providing apartment units for individuals with low income levels. This mission is carried out through the operation of their apartment programs, which aim to offer affordable housing solutions to those in need. By providing these apartment units, Asberry Courts Inc contributes to the well-being and stability of its community, enabling low-income individuals to secure a place to call home.
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Impact
July, 2024
Asberry Courts Inc's impact lies in providing essential housing solutions for low-income individuals in Greensboro, NC. Through their apartment programs, they offer a valuable resource for those in need, ensuring that vulnerable members of the community have access to safe and affordable housing options. By fulfilling their mission to provide apartment units for low-income persons, Asberry Courts Inc directly contributes to addressing the pressing issue of housing insecurity among underserved populations. Their work in this area exemplifies a commitment to human services and underscores the importance of supporting individuals and families in achieving stability and well-being.
This information is meant to be a general summary of Asberry Courts 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 2023.
- Investment Income: $29
- Program Service Revenue: $707,662
- Gross Receipts: $707,691
Assets and Liabilities:
- Total Assets: $5,494,476
- Total Liabilities: $4,416,001
- Net Assets: $1,078,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL - LOW INCOME HO
Revenue
$692,385
RENTAL - OTHER
Revenue
$15,277
Organization Details
Founding Year
1970
Phone
(336) 272-5779Principal Officer
John Smith
Main Address
1230 S EUGENE STREET, GREENSBORO, NC, 27406
NTEE Category
Code: P70 - Human services
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