Overview
What is Mt Pisgah Apartments Inc?
Mt Pisgah Apartments Inc is a dedicated nonprofit organization situated in West Columbia, South Carolina. Their primary focus is to offer affordable housing solutions for low-income families and families who have been displaced due to urban renewal initiatives as a result of government actions. Located at 1403 Jaret Court, this organization operates a 60-unit apartment community in Sumter, SC, established under Section 221(D)(3) of the National Housing Act. Their mission is to ensure that these particular groups have access to suitable housing options when such facilities are otherwise scarce.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
Mt Pisgah Apartments Inc received an 82% rating from Charity Navigator, indicating a strong performance in accountability and finance. The score is based entirely on the accountability and finance beacon, showcasing the organization's commitment to transparency and responsible financial management. A majority of board members are independent, ensuring that the governance remains unbiased and effective.
The organization displayed exemplary fiscal health, with a low liabilities-to-assets ratio of 3.04%, indicating that it is well-positioned to meet its obligations. Additionally, 88.98% of its expenses are directed towards programs, which reflects a strong focus on its mission rather than administrative costs. The financial statements are audited, and the charity consistently documents board meeting minutes, which adds to its credibility.
While the rating is commendable, it is essential for potential donors and stakeholders to consider that it is based on the single beacon of accountability and finance. Additional metrics, such as impact and effectiveness, are not assessed in this rating, which could provide a more comprehensive view of the organization's overall performance and outreach.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Pisgah Apartments Inc legitimate?
Mt Pisgah Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Pisgah Apartments 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: $144,887
For more financial information, click here
What is the mission statement of Mt Pisgah Apartments Inc?
Mt Pisgah Apartments Inc is committed to providing housing solutions for low-income families and those displaced due to urban renewal initiatives, a result of government actions. The organization recognizes the lack of adequate housing options for such groups and aims to bridge this gap. Operating with a 60-unit apartment community, Mt Pisgah Apartments Inc was established under Section 221(D)(3) of the National Housing Act, with the primary objective of offering affordable housing options to these families.
Who is the CEO of Mt Pisgah Apartments Inc?
Bishop Fc James is the Director of Mt Pisgah Apartments Inc.
What is the revenue of Mt Pisgah Apartments Inc?
Mt Pisgah Apartments Inc's revenue in 2023 was $573,997.
Who are the executives of Mt Pisgah Apartments Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mt Pisgah Apartments Inc?
Mt Pisgah Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mt Pisgah Apartments Inc
Mt Pisgah Apartments Inc, as a nonprofit organization, is dedicated to providing housing solutions for low and moderate income families, as well as those displaced due to urban renewal initiatives instigated by government actions. In situations where suitable housing is scarce for such groups, Mt Pisgah Apartments Inc steps in to fill the gap. This mission is accomplished through the operation of a 60-unit apartment community, which was established under Section 221(D)(3) of the National Housing Act. This initiative aims to offer affordable housing options to families in need.
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Impact
July, 2024
Mt Pisgah Apartments Inc has a significant impact on the community by providing housing for low and moderate-income families, as well as families displaced from urban renewal areas due to government action. Operating a 60-unit apartment community in Sumter, SC, this organization plays a vital role in ensuring that affordable housing is available for those in need. By focusing on meeting the housing needs of underserved groups, Mt Pisgah Apartments Inc contributes to creating a more inclusive and sustainable community for all residents.
This information is meant to be a general summary of Mt Pisgah Apartments 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 2023.
- Program Service Revenue: $129,278
- Gross Receipts: $573,997
Assets and Liabilities:
- Total Assets: $580,169
- Total Liabilities: $17,650
- Net Assets: $562,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$129,278
Organization Details
Founding Year
1969
Phone
(803) 808-3966Principal Officer
Bishop Fc James
Main Address
1403 JARET COURT, WEST COLUMBIA, SC, 29169
NTEE Category
Code: L21 - Housing
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