Overview
What is Wesley At Millington Inc?
Wesley At Millington Inc is a nonprofit organization situated in Cordova, Tennessee, specifically at 1615 Appling Road, 38016. Their primary mission is to provide housing and related services for elderly individuals with very low and extremely low incomes, under the auspices of the U.S. Department of Housing and Urban Development's programs. This includes offering apartment units and additional support services to cater to the needs of this demographic.
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
Wesley At Millington Inc has received an 81% rating from Charity Navigator, reflecting a strong performance primarily in the area of Accountability & Finance. The organization has achieved perfect scores in several categories, such as having a majority of independent board members and maintaining a comprehensive set of governance policies, which indicates a commitment to transparency and ethical management.
The charity demonstrates effective financial management, with a program expense ratio of 82.38%, suggesting that a significant portion of its resources is directed towards its programs. However, it faces a notable challenge with a high liabilities to assets ratio of 214.52%, which raises questions about its financial stability and capacity to manage debt effectively.
Overall, while Wesley At Millington Inc shows strengths in governance and program spending, potential donors should consider the implications of its financial liabilities when assessing its overall health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley At Millington Inc legitimate?
Wesley At Millington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley At Millington 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: $117,389
For more financial information, click here
Official website here: www.wesleyliving.com
What is the mission statement of Wesley At Millington Inc?
Wesley At Millington Inc is dedicated to providing apartment units and related services for individuals who fall under the category of very low and extremely low-income elderly individuals, adhering to the guidelines set by the U.S. Department of Housing and Urban Development's programs. The organization's mission is centered around enhancing the living conditions and offering essential support services to this specific demographic, aiming to improve their quality of life. By participating in these programs, Wesley At Millington Inc contributes to providing a safe and comfortable living environment for elderly individuals who may be financially disadvantaged.
Official website here: www.wesleyliving.com
Who is the CEO of Wesley At Millington Inc?
Donald D Ollio Jr is the Principal Officer of Wesley At Millington Inc. The CEO's salary of Wesley At Millington Inc is $0 and their total compensation is $0.
Official website here: www.wesleyliving.com
What is the revenue of Wesley At Millington Inc?
Wesley At Millington Inc's revenue in 2022 was $621,806.
Official website here: www.wesleyliving.com
Who are the executives of Wesley At Millington Inc and what are their salaries?
There 11 volunteers at Wesley At Millington Inc.
Here are 15 key members and their salaries (Wesley At Millington Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.wesleyliving.com
Where can I find the form 990 for Wesley At Millington Inc?
Wesley At Millington Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wesleyliving.com
Learn more at the official website: www.wesleyliving.com
Mission Statement of Wesley At Millington Inc
Wesley at Millington Inc, as a nonprofit organization, is dedicated to providing apartment units and related services for elderly individuals who fall under the categories of very low and extremely low income, in accordance with the guidelines set by the U.S. Department of Housing and Urban Development (HUD). The mission of Wesley at Millington Inc is to offer housing solutions and related assistance to this specific demographic, ensuring they have access to secure and comfortable living spaces. By doing so, the organization aims to contribute to their overall well-being and improve their quality of life.
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Impact
July, 2024
Wesley At Millington Inc's impact lies in providing much-needed housing and related services to very low and extremely low-income elderly individuals in Cordova, TN. By offering apartment units under the U.S. Department of Housing and Urban Development programs, this organization contributes significantly to addressing the housing needs of a vulnerable population segment. Its mission directly supports the well-being and quality of life of elderly individuals who may struggle to afford housing otherwise. Wesley At Millington Inc's work helps enhance the community by ensuring that elderly individuals have access to safe and affordable housing options, ultimately promoting their overall welfare and stability.
This information is meant to be a general summary of Wesley At Millington 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: $134
- Program Service Revenue: $328,226
- Gross Receipts: $621,806
Assets and Liabilities:
- Total Assets: $1,858,745
- Total Liabilities: $3,670,383
- Net Assets: -$1,811,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$328,226
Organization Details
Founding Year
1993
Phone
(901) 380-4900Principal Officer
Donald D Ollio Jr
Main Address
1615 APPLING ROAD, CORDOVA, TN, 38016
Website
www.wesleyliving.comNTEE Category
Code: L22 - Housing
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