Overview
What is Presbyterian Apartments Of Northport Inc?
Presbyterian Apartments of Northport Inc is a nonprofit organization that specializes in providing affordable housing solutions for eligible individuals. Their primary mission involves the development, construction, and management of such housing units, ensuring that those in need have access to decent living spaces. By doing so, they contribute to the overall housing sector, making a significant impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating. This rating signifies significant concerns regarding the financial accountability and overall management of Presbyterian Apartments Of Northport Inc. The score is derived solely from the Accountability & Finance category, indicating that there may be serious deficiencies in transparency and adherence to best practices.
The organization demonstrates some strengths, such as having a fully independent board, which can be beneficial for governance. However, the lack of financial statements and several missing policies related to conflict of interest, whistleblowing, and document retention raise red flags about its operational practices. Additionally, while the program expense ratio is commendable at 95.23%, showing a high percentage of expenses directed towards programs, the liabilities to assets ratio of 148.97% suggests potential financial instability.
Overall, while there are some positive elements, the significant shortcomings in financial reporting and governance policies outweigh the strengths. Interested stakeholders should consider these factors when evaluating their support for Presbyterian Apartments Of Northport Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Apartments Of Northport Inc legitimate?
Presbyterian Apartments Of Northport Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Apartments Of Northport 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: $230,876
For more financial information, click here
What is the mission statement of Presbyterian Apartments Of Northport Inc?
Presbyterian Apartments of Northport Inc. is dedicated to providing low-income housing for qualified individuals. The organization undertakes the development, construction, and management of such housing units, aiming to make a positive impact on those in need. By doing so, Presbyterian Apartments of Northport Inc. contributes to creating sustainable living environments for individuals who may otherwise face housing challenges. Their mission is centered around ensuring accessibility to adequate housing, thereby contributing to the betterment of their communities.
Who is the CEO of Presbyterian Apartments Of Northport Inc?
Edward Tony Hubbard is the Director of Presbyterian Apartments Of Northport Inc.
What is the revenue of Presbyterian Apartments Of Northport Inc?
Presbyterian Apartments Of Northport Inc's revenue in 2023 was $1,272,723.
Who are the executives of Presbyterian Apartments Of Northport Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Presbyterian Apartments Of Northport Inc?
Presbyterian Apartments Of Northport Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Presbyterian Apartments Of Northport Inc
Presbyterian Apartments of Northport Inc, as a nonprofit organization, is committed to providing low-income housing for qualified individuals. Their mission is multifaceted, involving the development, construction, and management of such housing units. By doing so, they aim to fulfill the housing needs of those in need, thereby contributing to their overall well-being. Through their efforts, Presbyterian Apartments of Northport Inc plays a significant role in addressing housing inequality and promoting social justice.
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Impact
July, 2024
Presbyterian Apartments Of Northport Inc's impact can be seen through their provision of low-income housing to qualified individuals in Northport, AL. By developing, constructing, and managing this housing, they contribute to addressing the pressing issue of affordable housing in the community. Their efforts help ensure that individuals in need have access to a safe and secure place to live, ultimately improving their quality of life and providing stability for the future.
This information is meant to be a general summary of Presbyterian Apartments Of Northport 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.
- Investment Income: $748
- Program Service Revenue: $1,239,071
- Gross Receipts: $1,272,723
Assets and Liabilities:
- Total Assets: $2,250,878
- Total Liabilities: $3,353,221
- Net Assets: -$1,102,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,239,071
Organization Details
Principal Officer
Edward Tony Hubbard
Main Address
3845 HIGHWAY 69 NORTH, NORTHPORT, AL, 35476
NTEE Category
Code: L20Z - Housing
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