Overview
What is Community Apartments Corporation Of Metrolina 3?
Community Apartments Corporation of Metrolina 3 is a nonprofit organization situated in Raleigh, North Carolina. Its primary mission is to offer housing solutions for individuals struggling with mental illness. By providing suitable accommodations, this organization aims to contribute positively to their well-being and overall quality of life. The specific address of their office is 353 E Six Forks Road Suite 300.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Community Apartments Corporation Of Metrolina 3 has received a low score reflecting significant concerns in accountability and financial management. While the organization excels in areas such as having a majority independent board and a strong program expense ratio, it struggles with critical compliance measures, which negatively impact its overall rating.
The strengths of the organization include a robust commitment to program expenses, indicating that a large portion of its funds is directed towards its mission. However, the nonprofit faces serious limitations regarding transparency and governance, as indicated by missing policies on conflict of interest, whistleblower protections, and document retention. Additionally, the absence of a website link on its tax form further detracts from its accountability efforts.
Overall, while the organization demonstrates a dedication to its programs, the lack of essential policies and transparency measures suggests a need for improvement in governance. Stakeholders interested in supporting this nonprofit should consider these factors in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Metrolina 3 legitimate?
Community Apartments Corporation Of Metrolina 3 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Metrolina 3 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Community Apartments Corporation Of Metrolina 3?
Community Apartments Corporation of Metrolina 3's mission revolves around providing housing for individuals battling mental illness. The organization's primary objective is to offer a sanctuary for these individuals, aiming to improve their living conditions and provide them with a supportive environment. By offering housing, the corporation seeks to contribute to their overall well-being and quality of life. The organization's activities are focused on providing a safe and accommodating space for mentally ill individuals, enabling them to lead as normal a life as possible.
Who is the CEO of Community Apartments Corporation Of Metrolina 3?
John Nash is the Director of Community Apartments Corporation Of Metrolina 3.
What is the revenue of Community Apartments Corporation Of Metrolina 3?
Community Apartments Corporation Of Metrolina 3's revenue in 2022 was $72,999.
Who are the executives of Community Apartments Corporation Of Metrolina 3 and what are their salaries?
There 12 volunteers at Community Apartments Corporation Of Metrolina 3.
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Where can I find the form 990 for Community Apartments Corporation Of Metrolina 3?
Community Apartments Corporation Of Metrolina 3's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Metrolina 3
Community Apartments Corporation of Metrolina 3 is an organization dedicated to providing housing for individuals struggling with mental illness. This nonprofit organization's primary mission is to offer a safe and supportive living environment for those in need, ensuring they receive the necessary care and assistance. The corporation's housing solutions aim to promote mental well-being and improve the overall quality of life for its residents. By providing housing, the organization offers a fundamental aspect of stability and recovery, enabling individuals to focus on their mental health journey.
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Impact
August, 2024
Community Apartments Corporation Of Metrolina 3 has a significant impact on the community by providing essential housing for individuals suffering from mental illness in Raleigh, NC. This organization plays a crucial role in supporting the well-being and stability of these vulnerable individuals, ensuring they have a safe and supportive environment to live in despite their mental health challenges. By offering housing services tailored to their specific needs, Community Apartments Corporation Of Metrolina 3 contributes to improving the quality of life and promoting recovery among those with mental illness in the area.
This information is meant to be a general summary of Community Apartments Corporation Of Metrolina 3. 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: $23,780
- Gross Receipts: $72,999
Assets and Liabilities:
- Total Assets: $539,379
- Total Liabilities: $689,607
- Net Assets: -$150,228
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$23,780
Organization Details
Founding Year
1999
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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