Overview
What is Chera Inc?
Chera Inc is a nonprofit organization situated in Lakeland, Florida, specifically at 1001 Carpenter's Way. The primary purpose of this organization is to enrich the retirement living experience for all residents of The Estates at Carpenter's. Chera Inc aims to improve their living conditions, safeguard their residential rights and privileges, and clearly define their responsibilities. Additionally, they organize non-denominational religious services for the residents. The organization also works closely with The Estates at Carpenter's Board of Directors and management to advocate for improvements in the continuing care community, ensuring a lifestyle desired by the residents within reasonable financial limits. Furthermore, Chera Inc offers college scholarships to deserving employees of The Estates at Carpenter's who are eager to continue their education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Chera Inc has achieved a 73% rating, reflecting a focus on accountability and finance, with all aspects evaluated under this single beacon. The organization has demonstrated strong governance, as evidenced by its independent board structure, which consists entirely of independent members, and it maintains a low ratio of liabilities to assets.
The nonprofit shows a commendable commitment to program expenses, directing nearly 99% of its resources toward its mission-related activities. However, the two-star rating suggests there may be areas for improvement in its overall effectiveness or impact, which may need further exploration in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Chera Inc legitimate?
Chera Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chera 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:
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Chera Inc?
Chera Inc's mission is focused on enhancing the retirement living experience for residents in their community. They aim to protect the residential rights and privileges of these residents, while also establishing and defining their responsibilities. The organization arranges and conducts non-denominational religious services for the residents. In addition, they interact with the board of directors and management on behalf of the residents to promote improvements in their continuing care community, aiming to create a lifestyle that aligns with their desires, all within affordable financial limits.
Who is the CEO of Chera Inc?
Greg Spencer is the President of Chera Inc.
What is the revenue of Chera Inc?
Chera Inc's revenue in 2023 was $65,901.
Who are the executives of Chera Inc and what are their salaries?
There 111 volunteers at Chera Inc.
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Where can I find the form 990 for Chera Inc?
Chera Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Chera Inc
Chera Inc, a nonprofit organization, is dedicated to enhancing the retirement living experience for all residents of The Estates at Carpenters. Their mission is threefold. Firstly, they aim to improve the living conditions of the residents, protecting their residential rights and privileges while defining their responsibilities. Secondly, Chera Inc arranges and conducts non-denominational religious services for the residents of The Estates at Carpenters, fostering a sense of community and spiritual well-being. Lastly, the organization interacts with the Estates at Carpenters Board of Directors and management on behalf of the residents, advocating for improvements to the continuing care community and striving to achieve a lifestyle that the residents desire, within affordable financial limits.
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Impact
August, 2024
Chera Inc's impact is significant in enhancing retirement living for all residents of The Estates at Carpenters in Lakeland, FL. This organization provides college scholarships for Estates at Carpenters employees, supporting those who wish to further their education. Additionally, Chera Inc arranges and conducts non-denominational religious services for all residents and works with the community's board of directors and management to promote improvements within affordable financial limits. Their mission is to protect residents' rights and privileges, define their responsibilities, and strive for a desired lifestyle within the community.
This information is meant to be a general summary of Chera 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: $8,109
- Gross Receipts: $168,870
Assets and Liabilities:
- Total Assets: $645,688
- Total Liabilities: $0
- Net Assets: $645,688
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Organization Details
Founding Year
1989
Phone
(863) 221-2946Principal Officer
Greg Spencer
Main Address
1001 CARPENTERS WAY, LAKELAND, FL, 33809
NTEE Category
Code: L22 - Housing
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