Overview
What is Community Apartments Corporation Of Metrolina No 4?
Community Apartments Corporation of Metrolina No 4 is a nonprofit organization situated in Raleigh, North Carolina. Their primary focus is on offering housing solutions for individuals grappling with mental illness. Established in an office located at 353 E Six Forks Road Suite 300, they are dedicated to providing a supportive environment for those in need. Their mission is centered around this objective, aiming to make a positive impact on the mental health of their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Community Apartments Corporation Of Metrolina No 4 has received a One-Star out of Four Star rating from Charity Navigator, reflecting significant concerns in its accountability and financial practices. The organization scored only 58%, indicating that while it performs well in some areas, such as having a fully independent board and a high program expense ratio, there are critical gaps in governance and transparency.
The charity has demonstrated strengths, particularly in maintaining a high percentage of program expenses, indicating that most of its funds are directed towards its mission. However, it fails to meet essential standards in several areas, including the absence of policies related to conflicts of interest, whistleblowing, and document retention. These deficiencies suggest a lack of comprehensive governance frameworks that could undermine stakeholder trust.
Moreover, the organization's liabilities to assets ratio is concerning, signaling potential financial instability, as it exceeds 100%. The lack of a publicly listed website and missing tax form on the nonprofit's online presence further exacerbate transparency issues. Overall, while the nonprofit shows commitment in certain aspects, its overall governance and financial accountability require significant improvement to build credibility among supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Metrolina No 4 legitimate?
Community Apartments Corporation Of Metrolina No 4 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Metrolina No 4 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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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Community Apartments Corporation Of Metrolina No 4?
Community Apartments Corporation of Metrolina No 4, as an organization, is dedicated to providing housing for individuals grappling with mental illness. Their primary mission is to offer a sanctuary where these individuals can reside, aiming to enhance their quality of life and promote their overall well-being. By providing housing, the organization seeks to alleviate some of the challenges associated with mental illness and contribute to a more inclusive and supportive community. The corporation's activities are focused on creating a safe and comfortable living environment for its residents, enabling them to lead as fulfilling a life as possible. While the organization does not engage in research or advocacy, its primary role in providing housing for the mentally ill is a vital contribution to their community and the individuals it serves.
Who is the CEO of Community Apartments Corporation Of Metrolina No 4?
John Nash is the Director of Community Apartments Corporation Of Metrolina No 4.
What is the revenue of Community Apartments Corporation Of Metrolina No 4?
Community Apartments Corporation Of Metrolina No 4's revenue in 2022 was $68,364.
Who are the executives of Community Apartments Corporation Of Metrolina No 4 and what are their salaries?
There 12 volunteers at Community Apartments Corporation Of Metrolina No 4.
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Where can I find the form 990 for Community Apartments Corporation Of Metrolina No 4?
Community Apartments Corporation Of Metrolina No 4's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Metrolina No 4
Community Apartments Corporation of Metrolina No 4, as its mission statement suggests, is dedicated to providing housing for individuals battling mental illness. This organization takes a proactive approach in addressing the housing needs of mentally ill individuals, striving to create an environment that fosters their well-being. By offering housing, the corporation aims to provide a stable living situation for these individuals, enabling them to focus on their mental health and recovery. The corporation's work is instrumental in offering a sanctuary for those who may otherwise struggle to secure suitable housing due to their mental health condition.
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Impact
August, 2024
Community Apartments Corporation Of Metrolina No 4's impact lies in providing essential housing for individuals suffering from mental illness in Raleigh, North Carolina. Through its dedicated mission, the organization ensures that this vulnerable population has a safe and supportive place to call home. By offering stable housing, Community Apartments Corporation Of Metrolina No 4 plays a crucial role in improving the quality of life and overall well-being of those in need within the community.
This information is meant to be a general summary of Community Apartments Corporation Of Metrolina No 4. 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: $56
- Program Service Revenue: $27,524
- Gross Receipts: $68,364
Assets and Liabilities:
- Total Assets: $537,622
- Total Liabilities: $790,508
- Net Assets: -$252,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$27,524
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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