Overview
What is Cathedral Towers Inc?
Cathedral Towers Inc, based in Atlanta, Georgia, is a nonprofit organization that focuses on providing affordable housing for the elderly. Situated at 2820 Peachtree Road NW, this organization houses a total of 195 units, catering to individuals aged 62 and above, regardless of their race, color, creed, national origin, religion, sex, familial status, or disability. The mission of Cathedral Towers Inc is to offer housing solutions, ensuring an inclusive and supportive environment for its elderly residents. With a team of 14 dedicated employees, the organization upholds its commitment to enhancing the quality of life for its senior residents.
Official website here: www.cathedraltowersatlanta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating) from Charity Navigator.
Cathedral Towers Inc has achieved a strong overall score of 93%, reflecting its commitment to accountability and financial transparency. The charity's excellent score is exclusively derived from its Accountability & Finance metrics, which indicates high performance in maintaining rigorous financial standards and governance practices.
The organization boasts a fully independent board with 100% of its members meeting independent criteria, demonstrating effective oversight. Additionally, it has robust policies in place for conflict of interest, whistleblower protection, and document retention, contributing to its strong governance framework. The charity also maintains a favorable program expense ratio of 80.45%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
While Cathedral Towers Inc shows strong financial health with a liabilities to assets ratio of 53.62%, there is still a slight room for improvement in this area. Nevertheless, the absence of any material diversion of assets and the presence of an audit and oversight committee further reinforce the organization's credibility and reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Cathedral Towers Inc legitimate?
Cathedral Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral Towers 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: $111,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $679,597
For more financial information, click here
Official website here: www.cathedraltowersatlanta.org
What is the mission statement of Cathedral Towers Inc?
Cathedral Towers Inc is dedicated to providing low-income housing for elderly individuals. Their mission is to offer housing options for individuals aged 62 and above, irrespective of their race, color, creed, national origin, religion, sex, familial status, or disability. The organization aims to provide housing for a total of 195 units, ensuring that these elderly individuals have a safe and comfortable living environment. By doing so, Cathedral Towers Inc strives to promote an inclusive and supportive community for the elderly population, fostering dignity and independence.
Official website here: www.cathedraltowersatlanta.org
Who is the CEO of Cathedral Towers Inc?
Ray Hill is the President of Cathedral Towers Inc.
Official website here: www.cathedraltowersatlanta.org
What is the revenue of Cathedral Towers Inc?
Cathedral Towers Inc's revenue in 2022 was $3,753,799.
Official website here: www.cathedraltowersatlanta.org
Who are the executives of Cathedral Towers Inc and what are their salaries?
The average compensation at Cathedral Towers Inc during 2022 was $56,528. There are 14 employees at Cathedral Towers Inc.
Here are 11 key members and their salaries:
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- Compensation: $111,789
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- Other: $34,271
Official website here: www.cathedraltowersatlanta.org
Where can I find the form 990 for Cathedral Towers Inc?
Cathedral Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cathedraltowersatlanta.org
Learn more at the official website: www.cathedraltowersatlanta.org
Mission Statement of Cathedral Towers Inc
Cathedral Towers Inc, a nonprofit organization, is dedicated to providing housing solutions for the elderly. Specifically, it focuses on individuals who fall under the category of low income, with a minimum age of 62 years. This commitment is made without any discrimination based on factors such as race, color, creed, national origin, religion, sex, familial status, or disability. The core activity of Cathedral Towers Inc is the provision of housing, totaling 195 units, for these eligible elderly individuals. By offering this service, the organization aims to contribute to the well-being and security of this vulnerable population, thereby enhancing their overall quality of life.
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Impact
July, 2024
Cathedral Towers Inc's impact is evident in its provision of low-income housing to the elderly in Atlanta, Georgia. By offering a total of 195 units specifically designed for low-income elderly individuals aged 62 and over, Cathedral Towers Inc is fulfilling its mission to provide housing without discrimination based on various factors such as race, color, creed, national origin, religion, sex, familial status, or disability. The organization's focus on this demographic demonstrates a commitment to addressing the housing needs of a vulnerable population and contributing to the well-being and quality of life of elderly individuals in the community.
This information is meant to be a general summary of Cathedral Towers 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: $45,895
- Program Service Revenue: $969,465
- Gross Receipts: $5,602,464
Assets and Liabilities:
- Total Assets: $7,452,716
- Total Liabilities: $3,996,727
- Net Assets: $3,455,989
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - APTS
Revenue
$892,053
CABLE
Revenue
$65,865
RENTAL INCOME - STORES
Revenue
$11,547
Organization Details
Founding Year
1977
Phone
(404) 231-3020Principal Officer
Ray Hill
Main Address
2820 PEACHTREE ROAD NW, ATLANTA, GA, 30305
NTEE Category
Code: L22 - Housing
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