Overview
What is Campus Towers Senior Living Inc?
Campus Towers Senior Living Inc is a nonprofit organization situated in Jacksonville, Florida. Their primary mission is to offer housing solutions for low-income and elderly individuals, ensuring they have access to suitable living arrangements. The organization operates in a 192-unit complex, providing a supportive environment for its residents. They are dedicated to enhancing the quality of life for their community members, focusing on their unique needs and ensuring they feel well-cared for.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Campus Towers Senior Living Inc has received an overall score of 87%, reflecting a strong emphasis on accountability and finance. The organization's high rating stems primarily from its exceptional performance in accountability measures, particularly its governance practices, with 100% of board members being independent. This level of independence is crucial as it ensures that the board can make unbiased decisions in the best interest of the nonprofit's mission.
In terms of financial management, Campus Towers showcases a healthy balance sheet with a liabilities to assets ratio of only 0.01%, indicating minimal debt. Additionally, the organization allocates a significant portion of its budget to program expenses, with a ratio of 71.19%, demonstrating a commitment to direct service and effective use of resources.
While the data presents a positive view of the organization, it is important to consider that the overall score is based solely on accountability and financial metrics. Potential donors and stakeholders may want to look for more comprehensive information regarding the organization’s impact and effectiveness in achieving its mission beyond financial ratios.
This AI summary has been generated from information found on Charity Navigator.
Is Campus Towers Senior Living Inc legitimate?
Campus Towers Senior Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Campus Towers Senior Living 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Campus Towers Senior Living Inc?
Campus Towers Senior Living Inc is committed to providing housing for low-income and elderly individuals. This mission is carried out through the financing of apartment complexes, such as the 192-unit complex, which serves as a home for individuals in these categories. The organization's activities revolve around ensuring that these vulnerable groups have access to suitable living spaces. By providing housing, Campus Towers Senior Living Inc contributes to the well-being and dignity of its residents, offering them a secure and comfortable living environment.
Who is the CEO of Campus Towers Senior Living Inc?
Frank M Reid Iii is the President of Campus Towers Senior Living Inc.
What is the revenue of Campus Towers Senior Living Inc?
Campus Towers Senior Living Inc's revenue in 2023 was $110,690.
Who are the executives of Campus Towers Senior Living Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Campus Towers Senior Living Inc?
Campus Towers Senior Living Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Campus Towers Senior Living Inc
Campus Towers Senior Living Inc, as stated in its mission description, is committed to providing housing for low-income and elderly individuals. This mission is carried out through the financing of a 192-unit apartment complex, which serves as a home for those in need. The organization's primary goal is to ensure that these individuals have a place to live with dignity and comfort, regardless of their financial circumstances. By offering housing, Campus Towers Senior Living Inc is contributing to the well-being of its residents and providing them with a sense of security and stability. The organization's mission is a testament to its commitment to serving the elderly and low-income community, offering them a place to call home.
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Impact
October, 2024
Campus Towers Senior Living Inc significantly impacts the community by providing essential housing solutions for low-income and elderly individuals in Jacksonville, Florida. By offering affordable living arrangements in a 192-unit apartment complex through seller financing, the organization ensures that vulnerable populations have access to a stable and supportive living environment. This contributes not only to the well-being of residents but also fosters community stability and inclusivity, enabling individuals to thrive in a secure setting. Campus Towers plays a critical role in addressing the housing needs of those who might otherwise struggle to find accessible accommodations, thereby enhancing the quality of life for its residents.
This information is meant to be a general summary of Campus Towers Senior Living 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: $5,914
- Program Service Revenue: $104,776
- Gross Receipts: $110,690
Assets and Liabilities:
- Total Assets: $5,162,469
- Total Liabilities: $750
- Net Assets: $5,161,719
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$104,730
PROGRAM RELATED K-1 IN
Revenue
$46
Organization Details
Founding Year
1965
Phone
(904) 354-7301Principal Officer
Frank M Reid Iii
Main Address
101 E UNION STREET SUITE 301, JACKSONVILLE, FL, 32202
NTEE Category
Code: L22 - Housing
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