Overview
What is Carolina Place Inc?
Carolina Place Inc is a South Carolina-based nonprofit corporation established with the intention of providing housing solutions for individuals with disabilities. The organization, located at 401 Harbison Blvd 3A, Columbia, SC 29212, operates a 20-unit community named Carolina Place Apartments in Rock Hill, South Carolina. The housing initiative receives support from the U.S. Department of Housing and Urban Development under Section 811 of the National Housing Act, ensuring affordable and accessible living options for the community's residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Carolina Place Inc has received a strong rating of 92% from Charity Navigator, indicating a high level of accountability and financial transparency. The organization's score is based entirely on the Accountability & Finance beacon, which shows a commitment to responsible fiscal management. The rating reflects key indicators such as having a fully independent board and no material diversion of assets, which are critical for ensuring public trust.
The organization scored perfectly on several aspects, including the independence of its board members and the existence of vital policies like conflict of interest and whistleblower protections. These elements suggest that Carolina Place Inc operates with a strong governance structure that prioritizes ethical practices and accountability. Furthermore, the low liabilities to assets ratio indicates sound financial health.
However, while the program expense ratio is commendable at 68.09%, there is still room for improvement in this area. A higher percentage of funds allocated directly to programs versus administrative costs generally enhances a nonprofit's impact. Overall, Carolina Place Inc demonstrates a solid commitment to transparency and effective management, making it a reliable choice for donors seeking to support nonprofits with high accountability standards.
This AI summary has been generated from information found on Charity Navigator.
Is Carolina Place Inc legitimate?
Carolina Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolina Place 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.
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What is the mission statement of Carolina Place Inc?
Carolina Place Inc, a not-for-profit corporation, was established with the objective of providing housing for individuals with disabilities. The organization operates a 20-unit community known as Carolina Place Apartments, situated in Rock Hill, South Carolina. Its mission aligns with Section 811 of the National Housing Act, as amended, by receiving housing assistance from the U.S. Department of Housing and Urban Development. The primary purpose of Carolina Place Inc is to offer a supportive living environment for individuals with disabilities, ensuring they have access to secure and suitable housing.
Who is the CEO of Carolina Place Inc?
Cherie Mabrey is the President of Carolina Place Inc.
What is the revenue of Carolina Place Inc?
Carolina Place Inc's revenue in 2022 was $189,680.
Who are the executives of Carolina Place Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Carolina Place Inc?
Carolina Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carolina Place Inc
Carolina Place Inc, a not-for-profit corporation, was established in accordance with South Carolina's not-for-profit statutes. Its primary purpose is to manage a 20-unit community named Carolina Place Apartments, which is situated in Rock Hill, South Carolina. This community serves as a residential space for individuals with disabilities. Carolina Place Inc receives housing assistance from the U.S. Department of Housing and Urban Development, under Section 811 of the National Housing Act, which has been amended. The organization's mission is to provide suitable housing for these individuals, ensuring their well-being and independence.
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Impact
October, 2024
Carolina Place Inc plays a pivotal role in the Rock Hill community by providing essential housing solutions for individuals with disabilities. Operating a 20-unit apartment complex, Carolina Place Apartments serves as a vital resource, ensuring that residents have access to safe, affordable, and supportive living environments. Through its collaboration with the U.S. Department of Housing and Urban Development under Section 811 of the National Housing Act, Carolina Place Inc not only addresses housing needs but also fosters a sense of community and belonging among its residents.
The impact of Carolina Place Inc extends beyond mere housing; it promotes independence and enhances the quality of life for its residents. By focusing on accessibility and support, the organization contributes to the overall well-being of individuals with disabilities, helping them integrate more fully into society. This commitment to facilitating inclusive living environments significantly enriches the community and supports the broader goals of equity and accessibility in housing.
This information is meant to be a general summary of Carolina Place 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 2022.
- Investment Income: $112
- Program Service Revenue: $36,286
- Gross Receipts: $189,680
Assets and Liabilities:
- Total Assets: $527,811
- Total Liabilities: $17,821
- Net Assets: $509,990
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$36,286
Organization Details
Founding Year
1992
Phone
(803) 536-1056Principal Officer
Cherie Mabrey
Main Address
401 HARBISON BLVD 3A, COLUMBIA, SC, 29212
NTEE Category
Code: L21 - Housing
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