Overview
What is Community Apartments Corporation Of Iredell County?
Community Apartments Corporation of Iredell County is a nonprofit organization located in Raleigh, North Carolina, specifically at 353 E Six Forks Road Suite 300. Their primary mission is to offer housing solutions for individuals struggling with mental illness. The corporation's activities and mission revolve around providing a supportive living environment for these individuals, aiming to improve their quality of life. Although the information provided is limited, it is clear that the organization focuses on housing as a means to help individuals with mental illness.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating
The Community Apartments Corporation of Iredell County has received a low rating of 58% from Charity Navigator, indicating significant areas of concern in accountability and finance. While the organization demonstrated strong governance practices such as having a majority of independent board members and high program expense ratio, it faces critical drawbacks regarding its financial liabilities and lack of essential policies like conflict of interest and whistleblower protections.
The program expense ratio of 80.11% shows that a substantial majority of expenses are directed towards its mission-related activities, which is a positive indicator of its operational focus. However, the liabilities to assets ratio of 132.26% is alarming, suggesting that the organization may be over-leveraged or in a precarious financial position. Additionally, the organization's failure to provide necessary documentation on its website raises transparency issues.
Overall, while Community Apartments Corporation of Iredell County has some strengths in governance and program execution, the significant limitations in financial management and transparency policies warrant caution for potential donors and stakeholders. Addressing these issues would be crucial for improving its rating and overall effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Iredell County legitimate?
Community Apartments Corporation Of Iredell County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Iredell 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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What is the mission statement of Community Apartments Corporation Of Iredell County?
The Community Apartments Corporation of Iredell County is dedicated to serving individuals struggling with mental illness by providing them with suitable housing. This organization's mission is centered around offering a safe and supportive living environment for individuals battling mental health challenges. By providing housing, the corporation aims to enhance the quality of life for these individuals, enabling them to focus on their recovery and overall well-being. The organization's housing solutions are designed to cater to the unique needs of mentally ill individuals, ensuring they have access to a stable living environment that supports their journey towards recovery.
Who is the CEO of Community Apartments Corporation Of Iredell County?
John Nash is the Director of Community Apartments Corporation Of Iredell County.
What is the revenue of Community Apartments Corporation Of Iredell County?
Community Apartments Corporation Of Iredell County's revenue in 2022 was $60,317.
Who are the executives of Community Apartments Corporation Of Iredell County and what are their salaries?
There 12 volunteers at Community Apartments Corporation Of Iredell County.
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Where can I find the form 990 for Community Apartments Corporation Of Iredell County?
Community Apartments Corporation Of Iredell County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Iredell County
Community Apartments Corporation of Iredell County is dedicated to providing housing for individuals struggling with mental illness. This nonprofit organization's mission is to offer a safe and supportive living environment for these individuals, aiming to improve their quality of life. By providing housing, the corporation seeks to alleviate some of the challenges these individuals face due to their mental health conditions, enabling them to focus on their recovery and overall well-being.
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Impact
August, 2024
Community Apartments Corporation Of Iredell County's impact is significant in providing housing for people suffering from mental illness in Raleigh, NC. By offering safe and supportive housing options, the organization plays a crucial role in helping individuals with mental health challenges maintain stability and improve their overall quality of life. Its mission to provide housing for the mentally ill directly addresses a pressing social need and contributes to the well-being of the community.
This information is meant to be a general summary of Community Apartments Corporation Of Iredell 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: $62
- Program Service Revenue: $34,687
- Gross Receipts: $60,317
Assets and Liabilities:
- Total Assets: $519,649
- Total Liabilities: $687,294
- Net Assets: -$167,645
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$34,687
Organization Details
Founding Year
2000
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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