Overview
What is Metrocenter Teachers Apartment Inc?
Metrocenter Teachers Apartment Inc is a nonprofit organization dedicated to offering quality and economical housing solutions to low-income individuals, particularly focusing on the elderly. Their primary goal is to ensure that elderly residents have access to comfortable and budget-friendly accommodations. Through their efforts, they aim to improve the living conditions of this demographic, contributing positively to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star rating)
Metrocenter Teachers Apartment Inc has received a 60% score on Charity Navigator, which reflects a moderate level of accountability and financial health. The organization is noted for having a fully independent board, scoring full points in both board member independence and size, indicating strong governance practices. The charity also adheres to key policies, such as conflict of interest and document retention.
However, significant concerns arise in the financial statements and liabilities to assets ratio, where the organization scored poorly. This suggests a lack of financial transparency and potential risks regarding the management of assets. Additionally, while the program expense ratio is favorable, the overall financial metrics indicate areas where improvement is necessary for a more robust standing.
In summary, while Metrocenter Teachers Apartment Inc demonstrates strong governance and adherence to important policies, its financial reporting and asset management present notable challenges that could impact donor confidence and overall operational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Metrocenter Teachers Apartment Inc legitimate?
Metrocenter Teachers Apartment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metrocenter Teachers Apartment 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: $0
For more financial information, click here
What is the mission statement of Metrocenter Teachers Apartment Inc?
Metrocenter Teachers Apartment Inc's mission revolves around offering high-quality and economically viable housing options to individuals with limited income, with a particular focus on the elderly. The organization's primary goal is to ensure that affordable housing is accessible, aiming to enhance the living standards of its tenants. By providing such housing, Metrocenter Teachers Apartment Inc contributes to the well-being of its community, offering a crucial service for those in need.
Who is the CEO of Metrocenter Teachers Apartment Inc?
Alfred Coleman is the Manager of Metrocenter Teachers Apartment Inc.
What is the revenue of Metrocenter Teachers Apartment Inc?
Metrocenter Teachers Apartment Inc's revenue in 2021 was $2,103,685.
Who are the executives of Metrocenter Teachers Apartment Inc and what are their salaries?
There are 10 employees at Metrocenter Teachers Apartment Inc.
Here are 10 key members and their salaries:
- Compensation: $60,000
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Where can I find the form 990 for Metrocenter Teachers Apartment Inc?
Metrocenter Teachers Apartment Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Metrocenter Teachers Apartment Inc
Metrocenter Teachers Apartment Inc, as an organization, is committed to providing quality and affordable housing for individuals with low income, with a specific focus on the elderly. Their mission is to ensure that everyone in this demographic has access to suitable living conditions without straining their limited financial resources. By offering affordable housing, Metrocenter Teachers Apartment Inc aims to enhance the quality of life for its elderly tenants, providing them with a safe and comfortable environment to call home.
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Impact
July, 2024
Metrocenter Teachers Apartment Inc's impact lies in providing quality and affordable housing for low-income elderly tenants in Nashville, Tennessee. Through their mission, they contribute to improving the living conditions and overall well-being of a vulnerable population, while also addressing the ongoing issue of affordable housing. By offering these essential services, Metrocenter Teachers Apartment Inc helps to ensure that elderly individuals in need have a safe and comfortable place to call home.
This information is meant to be a general summary of Metrocenter Teachers Apartment 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 2021.
- Investment Income: $1,577
- Program Service Revenue: $2,056,147
- Gross Receipts: $2,103,685
Assets and Liabilities:
- Total Assets: $6,757,821
- Total Liabilities: $7,521,927
- Net Assets: -$764,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$2,056,147
Organization Details
Founding Year
1976
Phone
(615) 259-4332Principal Officer
Alfred Coleman
Main Address
451 Ponder Place, Nashville, TN, 37228
NTEE Category
Code: P75Z - Human services
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