Overview
What is Capital Towers Inc?
Capital Towers Inc is a nonprofit organization, situated in Raleigh, North Carolina, with a specific mission. They focus on providing affordable housing for elderly individuals with moderate to low incomes, reflecting their commitment towards their community and faith. The organization supports entities managing apartment complexes, ensuring that senior residents can reside comfortably within their means. Despite not providing direct services or assistance, Capital Towers Inc plays a crucial role in the housing sector, contributing to the well-being of elderly individuals in need.
Is Capital Towers Inc legitimate?
Capital Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Towers 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: $110,126
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What is the mission statement of Capital Towers Inc?
Capital Towers Inc's mission is centered around providing decent housing at affordable rents for seniors with low to moderate income, serving as an expression of their love for humanity. This organization supports entities managing apartment complexes, ensuring that elderly individuals have access to suitable living spaces. Their work is rooted in the belief that everyone deserves a comfortable living environment, regardless of their financial status. The mission of Capital Towers Inc is essentially to bridge the housing gap for seniors in need.
Who is the CEO of Capital Towers Inc?
Tripp Bradshaw is the Secretary of Capital Towers Inc.
What is the revenue of Capital Towers Inc?
Capital Towers Inc's revenue in 2020 was -$1,687,900.
Who are the executives of Capital Towers Inc and what are their salaries?
There 6 volunteers at Capital Towers Inc.
Here are 6 key members and their salaries:
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- Other: $0
Where can I find the form 990 for Capital Towers Inc?
Capital Towers Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Capital Towers Inc
Capital Towers Inc, a nonprofit organization, is dedicated to providing affordable housing for low to moderate income seniors. This mission is a reflection of their love for Christ, as stated in their activity or mission description. By supporting entities operating and managing apartment complexes that cater to elderly individuals with limited financial resources, Capital Towers Inc contributes to the well-being of this vulnerable group. The organization's mission is to ensure that seniors can live in decent and affordable housing, thereby contributing to their overall quality of life.
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Impact
October, 2024
Capital Towers Inc plays a vital role in enhancing the quality of life for low to moderate-income seniors in Raleigh, NC. By focusing on providing good housing at affordable rents, the organization ensures that elderly individuals have access to safe and comfortable living conditions. This commitment not only addresses the immediate need for affordable housing but also reflects a compassionate approach to community support.
The organization's activities support the management of apartment complexes specifically designed for seniors, which fosters a sense of community and belonging among residents. This initiative not only alleviates financial burdens but also promotes social engagement and stability for elderly individuals, allowing them to live with dignity and security. Overall, Capital Towers Inc significantly contributes to improving the well-being of vulnerable populations in the area, making a lasting impact on the community.
This information is meant to be a general summary of Capital Towers 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 2020.
- Investment Income: -$2,662,363
- Program Service Revenue: $6,170
- Gross Receipts: $5,375,081
Assets and Liabilities:
- Total Assets: $299,167
- Total Liabilities: $0
- Net Assets: $299,167
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY AND VENDING REVENUE
Revenue
$5,151
PARKING REVENUE
Revenue
$1,019
Organization Details
Founding Year
1969
Phone
(919) 878-0522Principal Officer
Tripp Bradshaw
Main Address
4921 SIX FORKS ROAD, RALEIGH, NC, 27609
NTEE Category
Code: L22Z - Housing
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