Overview
What is Community Apartments Corporation Of Cleveland County No 2?
Community Apartments Corporation of Cleveland County No 2, situated in Raleigh, North Carolina, is a nonprofit organization dedicated to offering housing solutions for individuals grappling with mental illness. Their mission is centered around providing a safe and supportive living environment for these individuals, aiming to improve their overall well-being and quality of life. The organization's activities are focused on housing provision, ensuring that those in need have access to suitable accommodations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Community Apartments Corporation Of Cleveland County No 2 has received a One-Star rating from Charity Navigator, indicating potential concerns in areas of accountability and financial management. While the organization has a high program expense ratio of 77.09%, reflecting a strong commitment to its mission, significant weaknesses in transparency and governance led to its low overall score.
The organization excels in having an independent board, as evidenced by a perfect score in board independence and size, as well as a clean record regarding asset diversion. However, this positive aspect is overshadowed by critical gaps in governance practices, such as the absence of key policies including conflict of interest and whistleblower protections, which are crucial for ensuring ethical operations.
Additionally, the organization struggles with financial transparency, as evidenced by a liability-to-assets ratio of 152.94%, indicating potential financial instability. The lack of a listed website on tax forms and missing documentation policies further detracts from its credibility. Overall, while Community Apartments Corporation demonstrates a commitment to its programs, it faces significant challenges that could impact donor confidence and organizational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Cleveland County No 2 legitimate?
Community Apartments Corporation Of Cleveland County No 2 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Cleveland County No 2 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: $0
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What is the mission statement of Community Apartments Corporation Of Cleveland County No 2?
The Community Apartments Corporation of Cleveland County No 2 is dedicated to serving individuals battling mental illness by providing them with suitable housing. Their mission is centered around offering a residential environment that caters to the needs of those struggling with mental health issues. By offering housing, they aim to contribute to their residents' overall well-being and quality of life. The organization's activities are geared towards providing a safe and supportive living space for individuals dealing with mental illness, enabling them to focus on their recovery and daily life.
Who is the CEO of Community Apartments Corporation Of Cleveland County No 2?
John Nash is the Director of Community Apartments Corporation Of Cleveland County No 2.
What is the revenue of Community Apartments Corporation Of Cleveland County No 2?
Community Apartments Corporation Of Cleveland County No 2's revenue in 2022 was $67,622.
Who are the executives of Community Apartments Corporation Of Cleveland County No 2 and what are their salaries?
There 12 volunteers at Community Apartments Corporation Of Cleveland County No 2.
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Where can I find the form 990 for Community Apartments Corporation Of Cleveland County No 2?
Community Apartments Corporation Of Cleveland County No 2's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Cleveland County No 2
Community Apartments Corporation of Cleveland County No 2, as a nonprofit organization, is dedicated to providing housing solutions for individuals battling mental illness. Their mission is to offer a safe and supportive living environment for these individuals, aiming to improve their quality of life and facilitate their recovery process. By providing housing, the organization seeks to alleviate some of the challenges these individuals face in maintaining a stable living situation, which can often exacerbate their mental health issues. The organization's housing services are designed to offer a sense of security and normalcy, which are crucial elements in the recovery process for individuals with mental illness.
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Impact
August, 2024
Community Apartments Corporation Of Cleveland County No 2's impact lies in providing housing for people suffering from mental illness in Raleigh, North Carolina. This organization plays a crucial role in supporting this vulnerable population by offering safe and stable living arrangements tailored to their specific needs. By addressing the housing needs of the mentally ill, Community Apartments Corporation Of Cleveland County No 2 contributes to enhancing their overall well-being and quality of life.
This information is meant to be a general summary of Community Apartments Corporation Of Cleveland County No 2. 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: $111
- Program Service Revenue: $28,335
- Gross Receipts: $67,622
Assets and Liabilities:
- Total Assets: $516,380
- Total Liabilities: $789,825
- Net Assets: -$273,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$28,335
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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