Overview
What is Phyllis Wheatley Homes Inc?
Phyllis Wheatley Homes Inc. is a nonprofit organization situated in Nashville, Tennessee, specifically at 521 Vanderhorst Drive, 37207. Its primary mission is to offer affordable housing in a serene, secure, and energy-efficient environment to low-income individuals. The organization manages an 81-unit apartment complex, regulated by the United States Department of Housing and Urban Development. With a team of four dedicated employees, Phyllis Wheatley Homes Inc. strives to provide its tenants with a comfortable and safe living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Phyllis Wheatley Homes Inc has achieved a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial integrity. The charity's overall score is based entirely on its impressive Accountability & Finance score of 90%, highlighting its effective management and transparency in operations.
The organization demonstrates solid governance with 100% independent board members and a well-structured board size, indicating a robust oversight mechanism. Additionally, it adheres to best practices with policies in place for whistleblowing and document retention, further reinforcing its commitment to ethical standards.
On the financial front, Phyllis Wheatley Homes Inc shows a healthy balance with a liabilities to assets ratio of 50.43% and an exceptional program expense ratio of 85.41%. These figures suggest that a significant portion of its budget is directed towards its programs, ensuring that resources are effectively utilized to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Phyllis Wheatley Homes Inc legitimate?
Phyllis Wheatley Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phyllis Wheatley Homes 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: $108,452
For more financial information, click here
What is the mission statement of Phyllis Wheatley Homes Inc?
Phyllis Wheatley Homes Inc., as an organization, is dedicated to providing affordable independent living in a clean, safe, quiet, and energy-efficient environment. They operate an 81-unit apartment complex, regulated by the US Department of Housing and Urban Development, to cater to low-income tenants. While Phyllis Wheatley Homes Inc. does not have a formal mission statement in the traditional sense, its primary activity can be summarized as providing affordable housing that prioritizes comfort and safety for its residents.
Who is the CEO of Phyllis Wheatley Homes Inc?
Loretta Howell is the Director of Phyllis Wheatley Homes Inc.
What is the revenue of Phyllis Wheatley Homes Inc?
Phyllis Wheatley Homes Inc's revenue in 2022 was $819,713.
Who are the executives of Phyllis Wheatley Homes Inc and what are their salaries?
The average compensation at Phyllis Wheatley Homes Inc during 2022 was $27,113. There are 4 employees at Phyllis Wheatley Homes Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Phyllis Wheatley Homes Inc?
Phyllis Wheatley Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phyllis Wheatley Homes Inc
Phyllis Wheatley Homes Inc, as an organization, is dedicated to providing affordable independent living for its residents. Situated in an energy-efficient and serene environment, the project offers 81 units of apartment housing. The mission of Phyllis Wheatley Homes Inc is to ensure that each unit is maintained in a clean, quiet, and safe manner, catering to the needs of its low-income tenants. All activities within the complex are regulated by the United States Department of Housing and Urban Development, ensuring a standard of living that is both affordable and secure for its residents.
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Impact
July, 2024
Phyllis Wheatley Homes Inc's impact is evident in providing affordable independent living to low-income individuals through its 81 unit apartment complex in Nashville, TN. This initiative offers a safe, clean, and energy-efficient environment for residents, ensuring their well-being and security. By operating within the regulations set by the US Department of Housing and Urban Development, Phyllis Wheatley Homes Inc plays a crucial role in addressing the housing needs of the community and contributing towards creating a more equitable society.
This information is meant to be a general summary of Phyllis Wheatley Homes 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: $31
- Program Service Revenue: $777,423
- Gross Receipts: $819,713
Assets and Liabilities:
- Total Assets: $422,612
- Total Liabilities: $96,420
- Net Assets: $326,192
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Revenue
Program Service Revenue
Revenue
$777,423
Organization Details
Founding Year
1963
Phone
(615) 226-5544Principal Officer
Loretta Howell
Main Address
521 Vanderhorst Drive, Nashville, TN, 37207
NTEE Category
Code: L20Z - Housing
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