Overview
What is Cumberland View Towers Inc?
Cumberland View Towers Inc, a nonprofit organization situated in Old Hickory, Tennessee, is primarily focused on constructing and managing an apartment complex comprising 150 units. This complex adheres to Section 8 and 202 of the National Housing Act, ensuring affordable housing options for its residents. The project is subject to regulations by the U.S. Department of Housing and Urban Development (HUD), which oversee the rent charges and operational methods to maintain fairness and accessibility. With a team of nine dedicated individuals, Cumberland View Towers Inc aims to provide a comfortable living environment that aligns with government housing policies.
Official website here: www.cumberlandviewtowers.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating.
Cumberland View Towers Inc has received a moderate rating of 69%, reflecting areas of both strength and concern within its operations. The organization is noted for having a fully independent board, achieving full scores in independent board size and majority independent board members, which indicates a commitment to governance. Additionally, it exhibits a strong program expense ratio, suggesting that most of its funding is directed toward its programs.
However, significant limitations are evident in the accountability and financial transparency aspects. The nonprofit scored poorly on several key accountability measures, including financial statements and conflict of interest policies, receiving no points in these areas. This raises concerns about the organization’s financial oversight and transparency practices, which are crucial for donor trust and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland View Towers Inc legitimate?
Cumberland View Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland View 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,820
For more financial information, click here
Official website here: www.cumberlandviewtowers.org
What is the mission statement of Cumberland View Towers Inc?
Cumberland View Towers Inc, as a not-for-profit organization, is established with the mission to construct and manage an apartment complex comprising 150 units, falling under Section 8 and 202 of the National Housing Act. These projects are subject to regulation by the HUD, specifically in terms of rent charges and operating methods. The primary objective of Cumberland View Towers Inc is to provide affordable housing options, regulated by the HUD, to cater to the needs of its residents.
Official website here: www.cumberlandviewtowers.org
Who is the CEO of Cumberland View Towers Inc?
Myron Johnson is the Chairman of Cumberland View Towers Inc.
Official website here: www.cumberlandviewtowers.org
What is the revenue of Cumberland View Towers Inc?
Cumberland View Towers Inc's revenue in 2022 was $1,029,588.
Official website here: www.cumberlandviewtowers.org
Who are the executives of Cumberland View Towers Inc and what are their salaries?
The average compensation at Cumberland View Towers Inc during 2022 was $9,647. There are 9 employees and 8 volunteers at Cumberland View Towers Inc.
Here are 8 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cumberlandviewtowers.org
Where can I find the form 990 for Cumberland View Towers Inc?
Cumberland View Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cumberlandviewtowers.org
Learn more at the official website: www.cumberlandviewtowers.org
Mission Statement of Cumberland View Towers Inc
Cumberland View Towers Inc, established as a not-for-profit organization, is dedicated to constructing and managing an apartment complex comprising 150 units. This project falls under Section 8 and 202 of the National Housing Act. The organization's mission is regulated by HUD, ensuring that rent charges and operating methods adhere to stringent guidelines. By doing so, Cumberland View Towers Inc aims to provide affordable housing solutions to individuals and families in need, contributing to a more equitable living environment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Cumberland View Towers Inc's impact is primarily focused on providing affordable housing through the construction and operation of a 150-unit apartment complex under Section 8 and 202 of the National Housing Act. By offering regulated rent charges and operating methods, Cumberland View Towers Inc addresses the critical need for affordable housing in the community of Old Hickory, TN. This organization plays a vital role in ensuring that individuals and families have access to safe and stable housing options through its dedicated mission.
This information is meant to be a general summary of Cumberland View 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: -$426,647
- Program Service Revenue: $1,456,235
- Gross Receipts: $11,493,291
Assets and Liabilities:
- Total Assets: $366,881
- Total Liabilities: $0
- Net Assets: $366,881
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENT
Revenue
$805,802
FEES AND CONTRACTS
Revenue
$628,877
STORES/COMMISSARY
Revenue
$16,341
LAUNDRY AND VENDING
Revenue
$5,155
MANAGEMENT FEE INCOME
Revenue
$60
Organization Details
Founding Year
1981
Phone
(615) 495-5208Principal Officer
Myron Johnson
Main Address
2117 REMINGTON PARK ROAD, OLD HICKORY, TN, 37138
Website
www.cumberlandviewtowers.orgNTEE Category
Code: L21Z - Housing
If you are a representative of Cumberland View Towers Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.