Overview
What is Royal Terrace Apartments Inc C/O Southland Management Corporation?
Royal Terrace Apartments Inc C/O Southland Management Corporation is a nonprofit organization based in Jackson, Mississippi, specifically at PO Box 1220. Their primary mission is to provide low-income housing units specifically designed for individuals who are blind. Located in Hazlehurst, MS, they have allocated 20 such units to serve this community. The organization's workforce is small, with only one employee reported. The nonprofit's mission aims to contribute to the well-being and independence of the visually impaired by providing them with suitable housing facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Royal Terrace Apartments Inc C/O Southland Management Corporation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas of its operations. The organization scored 73% overall, reflecting a solid performance in various accountability and finance metrics. Notably, it has achieved a perfect score in areas such as independent board composition and asset management, which suggests a strong governance structure.
The organization demonstrates effective financial management with a program expense ratio of 80.17%, indicating that a significant portion of its expenses is directed towards its mission-related activities. Furthermore, the low liabilities to assets ratio of 10.19% points to a stable financial position, reassuring stakeholders about its sustainability. The documentation of board meeting minutes is also well-managed, showcasing transparency in governance practices.
However, despite these strengths, the overall rating highlights areas that require attention for the organization to enhance its effectiveness and impact. Continuous monitoring and improvement in operational practices will be essential for Royal Terrace Apartments to achieve a higher level of trust and accountability among its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Royal Terrace Apartments Inc C/O Southland Management Corporation legitimate?
Royal Terrace Apartments Inc C/O Southland Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Royal Terrace Apartments Inc C/O Southland Management Corporation 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: $34,262
For more financial information, click here
What is the mission statement of Royal Terrace Apartments Inc C/O Southland Management Corporation?
The organization, Royal Terrace Apartments Inc, under the management of Southland Management Corporation, has a mission to provide low-income housing units specifically for the visually impaired community. Their primary goal is to ensure adequate housing for this particular group, with a focus on Hazlehurst, MS. The organization successfully implemented this mission by offering 20 such housing units in the area.
Who is the CEO of Royal Terrace Apartments Inc C/O Southland Management Corporation?
Paige Goss is the Board Member of Royal Terrace Apartments Inc C/O Southland Management Corporation.
What is the revenue of Royal Terrace Apartments Inc C/O Southland Management Corporation?
Royal Terrace Apartments Inc C/O Southland Management Corporation's revenue in 2023 was $136,246.
Who are the executives of Royal Terrace Apartments Inc C/O Southland Management Corporation and what are their salaries?
The average compensation at Royal Terrace Apartments Inc C/O Southland Management Corporation during 2023 was $34,262. There is 1 employee and 5 volunteers at Royal Terrace Apartments Inc C/O Southland Management Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Royal Terrace Apartments Inc C/O Southland Management Corporation?
Royal Terrace Apartments Inc C/O Southland Management Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Royal Terrace Apartments Inc C/O Southland Management Corporation
Royal Terrace Apartments Inc C/O Southland Management Corporation is dedicated to providing low-income housing units specifically for individuals who are blind. This nonprofit organization's mission is to offer a safe and comfortable living environment for this vulnerable group, ensuring they have access to essential housing resources. By providing 20 such units in Hazlehurst, MS, Royal Terrace Apartments Inc C/O Southland Management Corporation is making a significant contribution to the community by addressing the unique housing needs of the visually impaired population.
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Impact
October, 2024
Royal Terrace Apartments Inc, through its management by Southland Management Corporation, has a significant impact on the community by providing essential low-income housing specifically designed for blind individuals in Hazlehurst, MS. By offering 20 housing units, the organization addresses a critical need for accessible living accommodations, ensuring that those with visual impairments have a safe, supportive environment where they can thrive.
The provision of these housing units not only enhances the quality of life for residents by fostering independence and privacy, but also contributes to the overall well-being of the community by promoting inclusivity and diversity. By focusing on the needs of the blind population, Royal Terrace Apartments Inc plays a vital role in reducing homelessness and improving living conditions for a vulnerable demographic. This initiative aligns with broader public health objectives by creating environments that support physical and mental health for all residents.
This information is meant to be a general summary of Royal Terrace Apartments Inc C/O Southland Management Corporation. 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: $22
- Program Service Revenue: $136,224
- Gross Receipts: $136,246
Assets and Liabilities:
- Total Assets: $291,537
- Total Liabilities: $29,711
- Net Assets: $261,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$135,731
TENANT CHARGES
Revenue
$493
Organization Details
Founding Year
1991
Phone
(601) 894-1771Principal Officer
Paige Goss
Main Address
POST OFFICE BOX 1220, JACKSON, MS, 392151220
NTEE Category
Code: E70Z - Health
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