Overview
What is Southgate Apartment Nonprofit Housing?
Southgate Apartment Nonprofit Housing is a charitable organization situated in Tampa, Florida. Their primary objective is to provide suitable living arrangements for individuals and families with limited financial means, categorized as very low, low, and moderate income earners. The organization's main activity revolves around offering housing solutions to these tenants, ensuring they have access to secure and comfortable homes that match their financial capabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Southgate Apartment Nonprofit Housing has received a solid Three-Star rating from Charity Navigator, signifying a commitment to accountability and finance. The charity's overall score is derived entirely from its Accountability & Finance metrics, where it scored 80%. This score reflects a well-managed organization with a focus on transparency and responsible financial practices.
The nonprofit showcases several strengths, including a fully independent board with 100% independent members and a strong financial oversight structure evidenced by a high score in audit and oversight. Additionally, the organization has demonstrated effective management of assets with no material diversion and maintains a favorable liabilities to assets ratio of 4.91%. Its program expense ratio is exemplary at 100%, indicating that all expenditures are directed towards its mission.
While the rating is commendable, it is based solely on financial metrics without considerations for other factors such as program impact or community feedback. Future evaluations may benefit from a broader assessment that includes qualitative measures of the organization’s effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Southgate Apartment Nonprofit Housing legitimate?
Southgate Apartment Nonprofit Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southgate Apartment Nonprofit Housing 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: $246,499
For more financial information, click here
What is the mission statement of Southgate Apartment Nonprofit Housing?
Southgate Apartment Nonprofit Housing is committed to providing housing for individuals with varying income levels, specifically catering to those in the very low, low, and moderate income brackets. Their primary objective is to ensure that these individuals have access to suitable living accommodations. The organization's mission is focused on this housing provision, aiming to make a positive impact on the lives of those who may otherwise struggle with affordable housing. While the information provided is limited, it suggests that Southgate Apartment Nonprofit Housing is dedicated to making a difference in housing equality.
Who is the CEO of Southgate Apartment Nonprofit Housing?
Robert L Tennant is the President of Southgate Apartment Nonprofit Housing.
What is the revenue of Southgate Apartment Nonprofit Housing?
Southgate Apartment Nonprofit Housing's revenue in 2023 was $1,370,081.
Who are the executives of Southgate Apartment Nonprofit Housing and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Southgate Apartment Nonprofit Housing?
Southgate Apartment Nonprofit Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southgate Apartment Nonprofit Housing
Southgate Apartment Nonprofit Housing is dedicated to providing housing solutions for individuals and families who fall under the categories of very low, low, and moderate income. This mission is a crucial part of their overall activity, aiming to make a significant difference in the lives of those in need. By offering housing, Southgate Apartment Nonprofit Housing contributes to the stability and well-being of its tenants, providing them with a secure place to call home. This commitment to affordable housing is a testament to the organization's dedication to social welfare and its belief in the importance of a stable living environment for all individuals.
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Impact
July, 2024
Southgate Apartment Nonprofit Housing in Tampa, FL provides housing to very low, low, and moderate-income tenants. Their impact is significant in ensuring that individuals and families have access to affordable housing in the area. By offering a supportive living environment for those in need, Southgate Apartment Nonprofit Housing contributes to the stability and well-being of the community. Through their mission to provide housing to individuals of varying income levels, they address a critical need and make a positive difference in the lives of their tenants.
This information is meant to be a general summary of Southgate Apartment Nonprofit Housing. 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.
- Program Service Revenue: $1,370,081
- Gross Receipts: $1,370,081
Assets and Liabilities:
- Total Assets: $2,273,601
- Total Liabilities: $111,677
- Net Assets: $2,161,924
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,382,095
OTHER INCOME
Revenue
-$12,014
Organization Details
Founding Year
1996
Principal Officer
Robert L Tennant
Main Address
PO BOX 2911, TAMPA, FL, 33601
NTEE Category
Code: L22Z - Housing
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