Overview
What is Etl Apartments Inc?
Etl Apartments Inc is a nonprofit organization based in Lexington, Kentucky, specifically at 148 Deweese Street. Their primary objective is to provide safe, clean, and affordable housing for low-income residents. To achieve this mission, they have developed and constructed a 7-unit apartment building, specifically catering to the elderly living below the income threshold. The organization's activities are centered around enhancing the living conditions of this vulnerable group, ensuring they have access to a secure and affordable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning a Two-Star out of Four Star rating.
Etl Apartments Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strengths in areas such as having a fully independent board and no material diversion of assets. Additionally, the program expense ratio is commendable at 75.20%, reflecting a strong commitment to its mission-driven activities.
However, there are notable areas of concern. The nonprofit has received low scores for governance practices, with missing policies on conflict of interest, whistleblower protections, and document retention. Furthermore, essential documents like board meeting minutes and tax forms are not available on the organization's website, which negatively impacts transparency and accountability.
Overall, while Etl Apartments Inc shows solid financial management and a commitment to its programming, the lack of foundational policies and publicly available documentation presents challenges in governance and transparency that potential donors and stakeholders may need to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Etl Apartments Inc legitimate?
Etl Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Etl 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.
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What is the mission statement of Etl Apartments Inc?
Etl Apartments Inc, as an organization, is dedicated to providing safe, clean, and affordable housing for low-income elderly individuals. They accomplish this by developing and constructing a seven-unit apartment building that caters specifically to this demographic. The organization's primary mission revolves around ensuring the well-being and comfort of its residents, providing them with a secure living environment that suits their financial circumstances.
Who is the CEO of Etl Apartments Inc?
Porter G Peeples is the President of Etl Apartments Inc.
What is the revenue of Etl Apartments Inc?
Etl Apartments Inc's revenue in 2022 was $56,378.
Who are the executives of Etl Apartments Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Etl Apartments Inc?
Etl Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Etl Apartments Inc
Etl Apartments Inc, as a nonprofit organization, is dedicated to providing safe, clean, and affordable housing for low-income elderly individuals. This mission is carried out through the development and construction of a 7-unit apartment building, which serves as a residential haven for those in need of such accommodations. The organization's primary goal is to ensure that elderly individuals who are financially disadvantaged have access to a safe and clean living environment, thereby contributing to their overall well-being. By owning and maintaining this apartment building, Etl Apartments Inc is committed to making a positive impact in the lives of its residents, providing them with a sense of security and stability.
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Impact
August, 2024
Etl Apartments Inc's impact is crucial in providing safe, clean, and affordable housing to low-income residents in Lexington, KY. Through the development and maintenance of a 7-unit apartment building, the organization is directly addressing the housing needs of the low-income elderly population in the area. By offering a secure and affordable living space, Etl Apartments Inc plays a significant role in improving the quality of life for its residents and contributing to the overall well-being of the community.
This information is meant to be a general summary of Etl 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: $2
- Program Service Revenue: $53,376
- Gross Receipts: $56,378
Assets and Liabilities:
- Total Assets: $402,582
- Total Liabilities: $96,179
- Net Assets: $306,403
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$53,376
Organization Details
Founding Year
2001
Phone
(859) 254-6212Principal Officer
Porter G Peeples
Main Address
148 DEWEESE STREET, LEXINGTON, KY, 40507
NTEE Category
Code: L40 - Housing
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