Overview
What is Dowling Park Apartments Inc?
Dowling Park Apartments Inc, also known as Carter House, is a nonprofit organization based in Live Oak, Florida. Their primary mission is to provide affordable housing for senior adults, offering 100 units at a discounted rate based on residents' income levels. This initiative falls under Section 202 of the National Housing Act. Alongside housing, the organization participates in the HUD Congregate Housing Service Program, providing additional services such as meals, personal assistance, and housekeeping to its residents. The facility's reach extends to senior citizens, catering to their needs and ensuring a comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Dowling Park Apartments Inc has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 79%. This score is solely based on the Accountability & Finance beacon, indicating a strong foundation in financial management and operational transparency. The organization has successfully achieved maximum points in several areas, including having a fully independent board and comprehensive financial oversight measures in place.
Strengths of Dowling Park Apartments Inc include a high program expense ratio of 90.36%, which signifies that a significant portion of its funding is directed towards its primary mission. Additionally, the organization maintains robust policies on conflict of interest, whistleblower protections, and document retention, which further enhance its accountability and governance practices. The board consists entirely of independent members, contributing to unbiased decision-making and oversight.
However, the organization faces challenges evident in its liabilities to assets ratio, which stands at 158.83%. This figure suggests that the organization may have significant financial obligations compared to its assets, which could raise concerns about its long-term financial stability. Overall, while Dowling Park Apartments Inc demonstrates strong accountability and transparency, prospective donors should consider the financial liabilities in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Dowling Park Apartments Inc legitimate?
Dowling Park Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dowling Park Apartments 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: $51,110
For more financial information, click here
What is the mission statement of Dowling Park Apartments Inc?
Dowling Park Apartments Inc's mission is centered around providing affordable housing for senior citizens. Under Section 202 of the National Housing Act, the organization offers 100 low-cost housing units. In addition to this, Dowling Park participates in HUD's Congregate Housing Service Program, extending services such as meals, personal assistance, and housekeeping to its residents. The primary goal is to ensure the well-being and comfort of senior adults, offering them a discounted housing solution based on their income level. The subsidy program is administered in collaboration with the Federal Department of Housing and Urban Development.
Who is the CEO of Dowling Park Apartments Inc?
Unavailable The CEO's salary of Dowling Park Apartments Inc is $0 and their total compensation is $168,232.
What is the revenue of Dowling Park Apartments Inc?
Dowling Park Apartments Inc's revenue in 2022 was $1,055,284.
Who are the executives of Dowling Park Apartments Inc and what are their salaries?
The average compensation at Dowling Park Apartments Inc during 2022 was $12,778. There are 4 employees and 36 volunteers at Dowling Park Apartments Inc.
Here are 10 key members and their salaries (Dowling Park Apartments Inc's CEO's salary is $0 and their total compensation is $168,232):
- Compensation: $0
- Related: $125,760
- Other: $42,472
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dowling Park Apartments Inc?
Dowling Park Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dowling Park Apartments Inc
Dowling Park Apartments Inc, as a nonprofit organization, is dedicated to providing 100 affordable housing units for senior citizens. These units are made available under Section 202 of the National Housing Act, offering a discounted rent based on the income level of the residents. The organization extends its services beyond just housing, participating in the HUD Congregate Housing Service Program. This program provides essential services such as meals, personal assistance, and housekeeping to the residents, ensuring their well-being and independent living. By offering these comprehensive services, Dowling Park Apartments Inc strives to create a supportive environment for senior citizens, allowing them to maintain their dignity and independence while living in a safe and affordable environment.
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Impact
July, 2024
Dowling Park Apartments Inc's impact is significant in providing affordable housing options for senior citizens in Live Oak, FL. By offering 100 low-cost housing units under Section 202 of the National Housing Act, the organization enables older adults to access comfortable living spaces at discounted rates based on their income levels. Furthermore, their participation in HUD's Congregate Housing Service Program ensures that residents receive essential services such as meals, personal assistance, and housekeeping.
In essence, Dowling Park Apartments Inc plays a crucial role in supporting the senior community by addressing their housing needs and enhancing their quality of life through comprehensive services. Their commitment to affordable housing and supportive programming positively impacts the lives of elderly residents in the area.
This information is meant to be a general summary of Dowling Park Apartments 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.
- Program Service Revenue: $1,049,484
- Gross Receipts: $1,055,284
Assets and Liabilities:
- Total Assets: $1,655,562
- Total Liabilities: $2,580,393
- Net Assets: -$924,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$905,651
CONGREGATE INCOME
Revenue
$143,833
Organization Details
Founding Year
1978
Main Address
PO BOX 4327, LIVE OAK, FL, 32064
NTEE Category
Code: L21Z - Housing
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