Overview
What is Housing For The Elderly Of Henderson County Inc?
Housing For The Elderly Of Henderson County Inc, located at 1615 Appling Road, Cordova, Tennessee 38016, is a nonprofit organization dedicated to providing affordable housing solutions. Specifically, they operate a 61-unit apartment complex in Lexington, Tennessee, catering to low-income, elderly tenants. This facility, known as Woodland Homes, aims to enhance the living conditions and provide a secure environment for the senior population in the area.
Official website here: www.wesleyliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Housing For The Elderly Of Henderson County Inc received a respectable three-star rating, reflecting its strong accountability and finance practices. The charity achieved an Accountability & Finance score of 81%, indicating a solid foundation in its operational transparency. Notably, the organization has a fully independent board, with 13 members, and adheres to policies promoting integrity and oversight.
The charity demonstrates a commendable program expense ratio of 86.22%, suggesting that a significant portion of its expenditures directly supports its mission. Additionally, it has established robust governance policies, including conflict of interest and whistleblower protections, which are crucial for maintaining trust and ethical standards within the organization.
While the overall rating is positive, the single-beacon score presents a limitation in evaluating other potential aspects such as program effectiveness and impact. Nonetheless, the emphasis on accountability and finance indicates that the organization is well-managed and prioritized in its commitment to serving the elderly community in Henderson County.
This AI summary has been generated from information found on Charity Navigator.
Is Housing For The Elderly Of Henderson County Inc legitimate?
Housing For The Elderly Of Henderson County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing For The Elderly Of Henderson County 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: $61,802
For more financial information, click here
Official website here: www.wesleyliving.com
What is the mission statement of Housing For The Elderly Of Henderson County Inc?
Housing For The Elderly Of Henderson County Inc's mission is focused on serving the elderly population with limited income. They achieve this by operating a 61-unit apartment complex, providing affordable housing in an undisclosed location. This organization's mission is dedicated to ensuring that elderly individuals have a place to call home, promoting their independence and well-being. By offering affordable housing, the organization contributes to the community by providing a supportive environment for its elderly residents.
Official website here: www.wesleyliving.com
What is the revenue of Housing For The Elderly Of Henderson County Inc?
Housing For The Elderly Of Henderson County Inc's revenue in 2023 was $632,306.
Official website here: www.wesleyliving.com
Who are the executives of Housing For The Elderly Of Henderson County Inc and what are their salaries?
There 13 volunteers at Housing For The Elderly Of Henderson County Inc.
Here are 13 key members and their salaries:
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Official website here: www.wesleyliving.com
Where can I find the form 990 for Housing For The Elderly Of Henderson County Inc?
Housing For The Elderly Of Henderson County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wesleyliving.com
Learn more at the official website: www.wesleyliving.com
Mission Statement of Housing For The Elderly Of Henderson County Inc
Housing For The Elderly Of Henderson County Inc is dedicated to serving the needs of elderly individuals with limited income. Their mission lies in operating a 61-unit apartment complex situated in Lexington, Tennessee. This nonprofit organization provides a secure and supportive living environment for its elderly tenants, ensuring they can age with dignity and independence. By operating this apartment complex, Housing For The Elderly Of Henderson County Inc is making a significant contribution to the community, offering a much-needed resource for elderly individuals who may otherwise struggle to secure suitable and affordable housing. The organization's mission is centered around providing a comfortable, safe, and enriching living experience for its elderly tenants, enabling them to maintain their independence and quality of life.
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Impact
July, 2024
Housing For The Elderly Of Henderson County Inc's impact is significant in providing affordable housing for low-income elderly tenants in Lexington, Tennessee. Through operating a 61-unit apartment complex, this organization serves a vital need in the community by offering safe and comfortable housing options for seniors in need. By focusing on this specific demographic, the organization helps to ensure that elderly individuals have access to dignified living arrangements that meet their financial constraints. This support canl contribute to the well-being and stability of elderly residents, enhancing their quality of life as they age.
This information is meant to be a general summary of Housing For The Elderly Of Henderson County 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: $357
- Program Service Revenue: $234,897
- Gross Receipts: $634,847
Assets and Liabilities:
- Total Assets: $736,393
- Total Liabilities: $1,847,049
- Net Assets: -$1,110,656
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$234,897
Organization Details
Founding Year
1981
Principal Officer
Donald D Ollio Jr
Website
www.wesleyliving.comNTEE Category
Code: L21Z - Housing
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