Overview
What is College Park Towers Ii Inc?
College Park Towers II Inc, situated in Memphis, Tennessee (specifically at 795 Ridge Lake Blvd 38120), is a nonprofit organization dedicated to serving the elderly and handicapped community. Their primary mission is to provide affordable and high-quality housing solutions for these individuals, ensuring they can live comfortably within their means. With a workforce of seven employees, College Park Towers II Inc is committed to this cause, operating as a low-income housing project, thereby contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
College Park Towers II Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating significant room for improvement within its operations. The organization scores well on several accountability metrics, including a fully independent board and a strong program expense ratio of 94.36%. However, the overall score of 67% highlights critical weaknesses in financial transparency and governance policies.
The nonprofit has not provided essential financial statements, which results in a substantial loss of points in financial disclosure. Additionally, key policies such as conflict of interest, whistleblower, and document retention are missing, raising concerns about the organization's commitment to best practices in governance and accountability. These omissions can affect donor confidence and organizational credibility.
Despite its strengths in certain areas, the lack of transparency and policy frameworks may hinder the organization's ability to secure funding and effectively demonstrate its impact. Addressing these gaps would be essential for College Park Towers II Inc to enhance its overall performance and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is College Park Towers Ii Inc legitimate?
College Park Towers Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Park Towers Ii 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: $4,364
For more financial information, click here
What is the mission statement of College Park Towers Ii Inc?
College Park Towers II Inc is committed to providing affordable and high-quality housing for the elderly and handicapped individuals. Their mission is to operate a housing project that caters specifically to this population group, ensuring they have a comfortable living environment. This organization strives to make housing accessible and affordable, thereby enhancing the quality of life for these individuals. Their primary objective is to offer low-rent housing while maintaining a standard of quality that meets the needs of its inhabitants.
Who is the CEO of College Park Towers Ii Inc?
Matthew C Osborne is the Director of College Park Towers Ii Inc.
What is the revenue of College Park Towers Ii Inc?
College Park Towers Ii Inc's revenue in 2022 was $3,442,045.
Who are the executives of College Park Towers Ii Inc and what are their salaries?
The average compensation at College Park Towers Ii Inc during 2022 was $623. There are 7 employees and 7 volunteers at College Park Towers Ii Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for College Park Towers Ii Inc?
College Park Towers Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of College Park Towers Ii Inc
College Park Towers II Inc is dedicated to providing low-rent and high-quality housing for elderly and handicapped individuals. This nonprofit organization's mission is to ensure that these vulnerable groups have a suitable living environment. Through the operation of a low-income housing project, College Park Towers II Inc strives to meet the housing needs of elderly and disabled individuals, offering them a safe and comfortable place to call home.
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Impact
July, 2024
College Park Towers II Inc's impact is significant in providing low-rent and quality housing to elderly and handicapped individuals in Memphis, TN. By operating a low-income housing project specifically designed for this demographic, the organization plays a crucial role in ensuring that vulnerable populations have access to safe and affordable housing options. Through its mission to provide quality housing, College Park Towers II Inc positively impacts the lives of elderly and handicapped individuals by offering them a secure and supportive living environment.
This information is meant to be a general summary of College Park Towers Ii 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: -$3,310,043
- Program Service Revenue: $77,007
- Gross Receipts: $7,047,020
Assets and Liabilities:
- Total Assets: $654,838
- Total Liabilities: $1,049
- Net Assets: $653,789
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$62,006
RENTAL REVENUE, NET
Revenue
$15,001
Organization Details
Founding Year
1983
Phone
(678) 860-6833Principal Officer
Matthew C Osborne
Main Address
795 RIDGE LAKE BLVD 300, MEMPHIS, TN, 38120
NTEE Category
Code: L21 - Housing
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