Overview
What is Hagan-Trabue Apartments Inc?
Hagan-Trabue Apartments Inc is a charitable, non-profit organization situated in Louisville, Kentucky. Established with a mission to provide housing facilities, the organization has constructed a 10-unit apartment complex specifically designed to accommodate handicapped individuals. Operating under the name Hagan-Trabue Apartments, the organization aims to offer suitable living spaces for these individuals in a manner that is both charitable and non-profit.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Hagan-Trabue Apartments Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With a score of 94%, the organization demonstrates strong governance practices, including a fully independent board of directors and a solid conflict of interest policy. The absence of material diversion of assets further reinforces the trustworthiness of the organization.
The financial metrics highlight that 84.02% of the organization's expenses are directed towards program services, indicating a commitment to fulfilling its mission. The liabilities to assets ratio of 12.21% suggests a stable financial position, allowing the charity to effectively manage its obligations while investing in its programs.
While the organization shows strong performance in various governance and financial indicators, continued transparency and adherence to best practices will be essential for maintaining stakeholder trust and achieving long-term sustainability. Overall, Hagan-Trabue Apartments Inc stands out as a responsible and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Hagan-Trabue Apartments Inc legitimate?
Hagan-Trabue Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hagan-Trabue 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: $0
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What is the mission statement of Hagan-Trabue Apartments Inc?
Hagan-Trabue Apartments Inc was established with a charitable and non-profit purpose, dedicated to providing housing facilities. The organization has constructed a 10-unit apartment complex specifically designed to house individuals with disabilities. Its mission is to operate these facilities with compassion and dedication, aiming to enhance the quality of life for these individuals. The organization's operations are carried out under the name Hagan-Trabue Apartments. Despite not having a formal mission statement in the traditional sense, its actions and objectives are clearly aligned with providing affordable and accessible housing for individuals with disabilities.
Who is the CEO of Hagan-Trabue Apartments Inc?
Curtis Thrush is the President of Hagan-Trabue Apartments Inc.
What is the revenue of Hagan-Trabue Apartments Inc?
Hagan-Trabue Apartments Inc's revenue in 2022 was $66,049.
Who are the executives of Hagan-Trabue Apartments Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Hagan-Trabue Apartments Inc?
Hagan-Trabue Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hagan-Trabue Apartments Inc
Hagan-Trabue Apartments Inc, a non-profit organization, was established with the primary mission to provide housing facilities for individuals with disabilities. Operating on a charitable basis, the organization constructed a 10-unit apartment complex specifically designed to accommodate these individuals. This mission is carried out under the name Hagan-Trabue Apartments, demonstrating the organization's commitment to providing a safe and inclusive living environment for those in need. By offering housing on a non-profit basis, Hagan-Trabue Apartments Inc aims to make a significant difference in the lives of disabled individuals, providing them with the opportunity to live independently and with dignity.
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Impact
October, 2024
Hagan-Trabue Apartments Inc significantly impacts the Louisville community by providing specialized housing for individuals with disabilities. The organization constructed a dedicated 10-unit apartment complex, which addresses the pressing need for accessible living spaces. By creating a supportive and adaptive environment, Hagan-Trabue enhances the quality of life for its residents, allowing them to live with greater independence and dignity.
The apartments are designed to be inclusive, offering amenities and features that cater to the unique needs of handicapped individuals. This initiative not only fills a critical gap in housing availability but also fosters a sense of community and belonging among residents. Additionally, Hagan-Trabue Apartments Inc contributes to the local economy by creating jobs associated with property management and maintenance, further strengthening the community's social fabric. Overall, Hagan-Trabue Apartments Inc plays a vital role in promoting affordable and accessible housing solutions in Louisville.
This information is meant to be a general summary of Hagan-Trabue 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.
- Investment Income: $23
- Program Service Revenue: $20,971
- Gross Receipts: $66,049
Assets and Liabilities:
- Total Assets: $337,979
- Total Liabilities: $40,684
- Net Assets: $297,295
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$20,971
Organization Details
Founding Year
1995
Phone
(502) 589-3030Principal Officer
Curtis Thrush
Main Address
924 E LIBERTY, LOUISVILLE, KY, 40202
NTEE Category
Code: L20Z - Housing
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