Overview
What is Johnnie B Moore Towers Inc?
Johnnie B Moore Towers Inc is a nonprofit organization situated in Atlanta, Georgia, specifically at PO Box 53274. Their primary mission is to provide housing for elderly individuals, achieving this goal by operating a HUD-assisted apartment community under Section 202 of the National Housing Act of 1959. The organization's activities and mission revolve around offering comfortable and regulated living spaces for the elderly, ensuring they have a secure and supportive environment during their later years.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Johnnie B Moore Towers Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates a strong commitment to transparency, as evidenced by its perfect scores in areas such as independent board membership, financial audits, and the presence of essential policies like conflict of interest and whistleblower protections.
One of the notable strengths of Johnnie B Moore Towers Inc is its high program expense ratio of 88.57%, indicating that a significant portion of its expenditures is directed towards its mission-related activities. Additionally, the organization maintains a fully independent board, which is crucial for governance and accountability.
However, a significant concern arises from the liabilities to assets ratio of 156.74%, which suggests that the organization may have a higher level of liabilities compared to its assets. This factor could raise questions about financial stability and long-term sustainability, warranting close attention from stakeholders. Overall, while the organization demonstrates strong governance practices, its financial health merits further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Johnnie B Moore Towers Inc legitimate?
Johnnie B Moore Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Johnnie B Moore 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: $101,912
For more financial information, click here
What is the mission statement of Johnnie B Moore Towers Inc?
Johnnie B Moore Towers Inc is committed to providing housing for elderly individuals. They accomplish this by operating a HUD-assisted apartment community, which falls under Section 202 of the National Housing Act of 1959. The organization's primary goal is to ensure that elderly residents have access to suitable housing. They adhere to the regulations set out in Section 202 of the act, providing a secure and comfortable living environment for their elderly residents. The community is regulated by the National Housing Act, ensuring that the living conditions meet the necessary standards for the elderly population.
Who is the CEO of Johnnie B Moore Towers Inc?
Janice Williams is the President of Johnnie B Moore Towers Inc.
What is the revenue of Johnnie B Moore Towers Inc?
Johnnie B Moore Towers Inc's revenue in 2022 was $548,912.
Who are the executives of Johnnie B Moore Towers Inc and what are their salaries?
There 7 volunteers at Johnnie B Moore Towers Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Johnnie B Moore Towers Inc?
Johnnie B Moore Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Johnnie B Moore Towers Inc
Johnnie B. Moore Towers Inc is dedicated to providing housing for elderly individuals, operating a HUD-assisted apartment community regulated under Section 202 of the National Housing Act of 1959. This nonprofit organization's mission is centered around offering a residential space that caters specifically to the elderly population. By operating an apartment community under the guidelines set forth in Section 202 of the National Housing Act, Johnnie B. Moore Towers Inc ensures that elderly residents have access to safe, affordable housing. This mission is crucial in addressing the unique needs of the elderly, providing them with a stable living environment to maintain their independence and well-being.
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Impact
July, 2024
Johnnie B Moore Towers Inc's impact is substantial in providing much-needed housing to elderly persons in the Atlanta, GA community. By operating a HUD-assisted apartment community regulated under Section 202 of the National Housing Act of 1959, this organization plays a crucial role in ensuring that senior citizens have safe and affordable housing options. Their mission of providing housing to elderly individuals fills a significant need in the community and helps improve the quality of life for the elderly population in Atlanta.
This information is meant to be a general summary of Johnnie B Moore 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: $14
- Program Service Revenue: $546,893
- Gross Receipts: $548,912
Assets and Liabilities:
- Total Assets: $2,299,553
- Total Liabilities: $3,587,991
- Net Assets: -$1,288,438
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$546,893
Organization Details
Founding Year
2000
Phone
(404) 816-9770Principal Officer
Janice Williams
Main Address
PO BOX 53274, ATLANTA, GA, 30355
NTEE Category
Code: L21 - Housing
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