Overview
What is Overlook Senior Citizens Housing Of Knox County Inc?
Overlook Senior Citizens Housing Of Knox County Inc, primarily based in Morristown, Tennessee, is a dedicated nonprofit organization. Their primary mission is to provide suitable housing for individuals aged 62 or older, as well as those with disabilities, in compliance with Section 202 of the National Housing Act. Regulated by the HUD, they operate 50 rental units within their complex, ensuring that rent charges and operating methods are maintained within specified guidelines. The organization's main activity involves offering housing solutions for low-income elderly and handicapped tenants, aiming to enhance their living conditions and overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Overlook Senior Citizens Housing Of Knox County Inc has received a commendable Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization's overall score is derived entirely from its strong accountability and finance metrics, showcasing a commitment to financial transparency and effective governance.
The nonprofit demonstrates a robust governance structure with an entirely independent board, scoring full points in both the majority independent board members and independent board size categories. Additionally, it has established strong financial practices, evident from its comprehensive auditing and absence of material asset diversion. The program expense ratio is particularly impressive, indicating that a significant majority of its funds are being directed towards its mission.
However, the organization does face a challenge reflected in its liabilities to assets ratio, which scored low. This suggests that while the operational practices are sound, there may be room for improvement in managing financial liabilities relative to its assets. Overall, the organization is performing well in terms of governance and financial management, but addressing its financial leverage could enhance its stability further.
This AI summary has been generated from information found on Charity Navigator.
Is Overlook Senior Citizens Housing Of Knox County Inc legitimate?
Overlook Senior Citizens Housing Of Knox County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Overlook Senior Citizens Housing Of Knox 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.
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What is the mission statement of Overlook Senior Citizens Housing Of Knox County Inc?
Overlook Senior Citizens Housing Of Knox County Inc is dedicated to providing housing for individuals who are elderly or handicapped and fall under a low-income bracket. This is in accordance with Section 202 of the National Housing Act. Their mission is to offer suitable living spaces for this specific group, ensuring they have a place to call home. The housing complex, regulated by the HUD, maintains affordable rent charges and operating methods to cater to the needs of its residents. The complex currently houses 50 rental units.
Who is the CEO of Overlook Senior Citizens Housing Of Knox County Inc?
Kay Hale is the President of Overlook Senior Citizens Housing Of Knox County Inc.
What is the revenue of Overlook Senior Citizens Housing Of Knox County Inc?
Overlook Senior Citizens Housing Of Knox County Inc's revenue in 2022 was $705,316.
Who are the executives of Overlook Senior Citizens Housing Of Knox County Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Overlook Senior Citizens Housing Of Knox County Inc?
Overlook Senior Citizens Housing Of Knox County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Overlook Senior Citizens Housing Of Knox County Inc
Overlook Senior Citizens Housing of Knox County Inc is committed to providing housing for low-income elderly and handicapped individuals. This nonprofit organization operates under Section 202 of the National Housing Act, which regulates its rent charges and operating methods. With a total of 50 rental units in its complex, Overlook Senior Citizens Housing of Knox County Inc dedicates its mission to offering a secure living environment for those who may be financially challenged or have physical disabilities. The organization's primary goal is to ensure that these individuals have access to affordable housing, fostering a sense of community and independence.
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Impact
July, 2024
Overlook Senior Citizens Housing Of Knox County Inc's impact can be seen in the provision of affordable housing for low-income elderly and handicapped tenants in Morristown, TN. With 50 rental units in the complex, this organization plays a crucial role in meeting the housing needs of a vulnerable population. By operating under Section 202 of the National Housing Act and being regulated by HUD, Overlook Senior Citizens Housing ensures that rent charges and operating methods are in line with regulations, providing a safe and secure living environment for its residents. This impact contributes to creating a more inclusive and supportive community for elderly and handicapped individuals in need of affordable housing options.
This information is meant to be a general summary of Overlook Senior Citizens Housing Of Knox 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 2022.
- Investment Income: $203
- Program Service Revenue: $347,531
- Gross Receipts: $705,316
Assets and Liabilities:
- Total Assets: $2,891,715
- Total Liabilities: $3,695,043
- Net Assets: -$803,328
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$313,572
SERVICE COORDINATOR
Revenue
$22,623
LAUNDRY & VENDING INCO
Revenue
$3,420
TENANT CHARGES
Revenue
$1,408
Organization Details
Founding Year
1983
Phone
(423) 586-1494Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 378161218
NTEE Category
Code: L22 - Housing
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