Overview
What is Community Apartments Corporation Of Alamance County 2?
Community Apartments Corporation of Alamance County 2 is a nonprofit organization situated in Raleigh, North Carolina, specifically at 353 E Six Forks Road Suite 300. Their primary focus is to offer housing solutions for individuals dealing with mental illness. By providing a safe and supportive environment, they aim to enhance their lives and facilitate their recovery journey. The organization's mission is deeply rooted in this purpose, ensuring that those in need have access to suitable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Community Apartments Corporation of Alamance County has received a One-Star out of Four Star rating from Charity Navigator, which signifies significant concerns regarding its accountability and financial management. The overall score is solely based on the Accountability & Finance beacon, where the organization earned a score of 58%. This rating suggests that while some aspects of the organization’s governance are strong, there are notable deficiencies in its financial ratios.
The organization excels in several areas, including having a fully independent board, which consists of 12 independent members, and demonstrating transparency by documenting board meeting minutes. Additionally, it shows a strong commitment to programs, with a program expense ratio of 79.09%, indicating a good portion of its budget is allocated toward its mission.
However, the organization struggles with its financial health, highlighted by a liabilities to assets ratio of 134.91%. This high ratio raises concerns about its financial stability and ability to meet its obligations. Overall, while there are strengths in governance and program expenditure, the financial challenges and overall low score indicate that potential donors should approach with caution.
This AI summary has been generated from information found on Charity Navigator.
Is Community Apartments Corporation Of Alamance County 2 legitimate?
Community Apartments Corporation Of Alamance County 2 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Apartments Corporation Of Alamance County 2 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: $0
For more financial information, click here
What is the mission statement of Community Apartments Corporation Of Alamance County 2?
The Community Apartments Corporation of Alamance County 2 is dedicated to serving individuals struggling with mental illness. Their primary mission is to offer housing solutions, providing a safe and supportive environment for those in need. By providing housing, they aim to contribute to the overall well-being and improvement of the mental health of the individuals they serve. The organization's activities focus on accommodating individuals with mental illness, offering them a place of refuge and support. Their goal is to enhance the quality of life for these individuals, promoting a sense of community and stability.
What is the revenue of Community Apartments Corporation Of Alamance County 2?
Community Apartments Corporation Of Alamance County 2's revenue in 2023 was $87,569.
Who are the executives of Community Apartments Corporation Of Alamance County 2 and what are their salaries?
There 9 volunteers at Community Apartments Corporation Of Alamance County 2.
Here are 9 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Community Apartments Corporation Of Alamance County 2?
Community Apartments Corporation Of Alamance County 2's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Community Apartments Corporation Of Alamance County 2
Community Apartments Corporation of Alamance County 2 is an organization dedicated to providing housing for individuals struggling with mental illness. This nonprofit's mission is centered around offering a safe and supportive living environment for these individuals, ensuring they have a place to call home as they manage their mental health. By providing housing, the organization aims to alleviate some of the challenges these individuals face and contribute to their overall well-being. The Corporation's efforts not only provide a physical shelter but also play a role in fostering a sense of community and belonging, which can be crucial for individuals dealing with mental health issues.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Community Apartments Corporation Of Alamance County 2's impact can be seen in the support and assistance they provide to individuals suffering from mental illness by offering them stable housing. This crucial service helps improve the quality of life for those in need and contributes to their overall well-being. The organization's work directly addresses the challenges faced by the mentally ill community, offering a safe and supportive environment where individuals can focus on their health and recovery. Through their mission-driven approach, Community Apartments Corporation Of Alamance County 2 plays a vital role in promoting mental health and stability in the community.
This information is meant to be a general summary of Community Apartments Corporation Of Alamance County 2. 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: $209
- Program Service Revenue: $50,542
- Gross Receipts: $87,569
Assets and Liabilities:
- Total Assets: $984,125
- Total Liabilities: $1,327,724
- Net Assets: -$343,599
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$50,542
Organization Details
Founding Year
2004
Principal Officer
John Nash
NTEE Category
Code: P80 - Human services
If you are a representative of Community Apartments Corporation Of Alamance County 2 and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.