Overview
What is Central Manor Apartments?
Central Manor Apartments is a public housing facility situated in Daytona Beach, Florida. Functioning under the Section 8 Housing and Urban Development Project, this nonprofit organization provides essential living spaces for its residents. By offering accommodations through this project, Central Manor Apartments aims to contribute to the community, ensuring affordable housing options are accessible to its residents.
Official website here: www.liveatcentralmanor.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall Score: 73%
Rating: Two-Star out of Four Star rating
Central Manor Apartments has received a "Needs Improvement" rating from Charity Navigator, indicating areas where the organization can enhance its practices. With an overall score of 73%, it demonstrates a strong commitment to governance, as evidenced by its 100% independent board members and high scores in financial oversight and program expenses. However, despite its strengths, the organization is lacking in critical areas such as having a whistleblower policy, document retention protocols, and posting required financial documents on its website.
The organization scores well in its accountability and finance aspects, particularly excelling in its material diversion of assets and audit committee performance. However, the liabilities to assets ratio is concerning at 139.44%, which may indicate financial strain. While the program expense ratio is impressive at 100%, showcasing its focus on programs, the lack of transparency in financial documentation raises questions regarding its overall fiscal health.
In summary, while Central Manor Apartments shows potential with its independent governance and program focus, it must address significant gaps in its policies and financial transparency to improve its rating and better serve its mission. Addressing these weaknesses could help the organization gain trust among stakeholders and enhance its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Central Manor Apartments legitimate?
Central Manor Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Manor Apartments 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: $283,763
For more financial information, click here
Official website here: www.liveatcentralmanor.com
What is the mission statement of Central Manor Apartments?
Central Manor Apartments serves as a Section 8 Housing and Urban Development Project, committed to providing public housing facilities. Its mission is centered around offering affordable living spaces to individuals and families in need. By operating under the HUD program, Central Manor Apartments plays a crucial role in promoting housing equity and accessibility. The project aims to facilitate a comfortable living environment for its residents, ensuring they have a decent place to call home. Additionally, Central Manor Apartments may also provide resources or support services to enhance the living experience of its tenants, although such details were not included in the provided information.
Official website here: www.liveatcentralmanor.com
Who is the CEO of Central Manor Apartments?
David Smith is the Vice Preside of Central Manor Apartments.
Official website here: www.liveatcentralmanor.com
What is the revenue of Central Manor Apartments?
Central Manor Apartments's revenue in 2022 was $1,592,071.
Official website here: www.liveatcentralmanor.com
Who are the executives of Central Manor Apartments and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.liveatcentralmanor.com
Where can I find the form 990 for Central Manor Apartments?
Central Manor Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.liveatcentralmanor.com
Learn more at the official website: www.liveatcentralmanor.com
Mission Statement of Central Manor Apartments
Central Manor Apartments, as a Section 8 Housing and Urban Development Project, is committed to providing public housing facilities. Its mission is to offer suitable living spaces in Daytona Beach, FL, catering to the needs of its residents under the Section 8 housing program. This project aims to contribute to the community by offering affordable and accessible housing options, thereby promoting a sense of stability and security for its residents.
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Impact
July, 2024
Central Manor Apartments plays a vital role in providing affordable housing through its Section 8 Housing and Urban Development Project in Daytona Beach, FL. It directly impacts the community by offering public housing facilities to those in need, contributing to housing stability and improving the quality of life for residents. By ensuring access to affordable housing, Central Manor Apartments fosters a sense of security and belonging among individuals and families, ultimately supporting the overall well-being of the community.
This information is meant to be a general summary of Central Manor Apartments. 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: $754
- Program Service Revenue: $529,853
- Gross Receipts: $1,592,071
Assets and Liabilities:
- Total Assets: $3,048,443
- Total Liabilities: $3,919,052
- Net Assets: -$870,609
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT FEES
Revenue
$522,956
LAUNDRY & VENDING
Revenue
$5,634
SPECIAL CLAIMS REVENUE
Revenue
$1,276
UTILITIES REIMBURSEMENTS
Revenue
-$13
Organization Details
Founding Year
1970
Phone
(386) 255-2622Principal Officer
David Smith
Main Address
136 FAIRVIEW AVENUE, DAYTONA BEACH, FL, 32114
Website
www.liveatcentralmanor.comNTEE Category
Code: L21 - Housing
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