Overview
What is Memphis Jewish Housing Development- Plough Towers?
Memphis Jewish Housing Development's Plough Towers is a nonprofit organization located at 6580 Poplar Avenue, Memphis, TN 38138. This community provides 150 government-assisted, affordable housing units specifically catering to the elderly and individuals with mobility impairments. The mission of Plough Towers is to create an environment that fosters self-worth, dignity, and encourages the full utilization of skills, intelligence, and experiences among its residents. By offering a secure living space, Plough Towers aims to enhance the quality of life for its residents, ensuring they can live with respect and independence. The organization has a workforce of nine individuals dedicated to its mission.
Official website here: www.ploughtowers.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
Memphis Jewish Housing Development - Plough Towers has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 78% for its Accountability & Finance. The rating is primarily based on its governance practices and financial health, with strengths including a fully independent board and strong oversight mechanisms. The organization demonstrates good financial management, with a high program expense ratio indicating a commitment to its mission.
While the nonprofit excels in several areas, there are notable limitations. The absence of a whistleblower policy and the failure to post its tax form on its website detracts from its overall governance score. Additionally, the liabilities to assets ratio suggests some financial risk, which may warrant further scrutiny by potential donors.
Overall, Memphis Jewish Housing Development - Plough Towers shows strong accountability measures and a focus on allocating resources to its programs. However, addressing the identified gaps in governance policies could further enhance its transparency and trust with supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Jewish Housing Development- Plough Towers legitimate?
Memphis Jewish Housing Development- Plough Towers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Jewish Housing Development- Plough Towers 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: $110,405
Professional Fundraising Fees: $0
Other Salaries and Wages: $366,678
For more financial information, click here
Official website here: www.ploughtowers.org
What is the mission statement of Memphis Jewish Housing Development- Plough Towers?
Memphis Jewish Housing Development's Plough Towers is a 150-unit housing community, primarily designed for the elderly and mobility impaired individuals. The community aims to offer safe and affordable living options, fostering an environment that enhances self-worth, dignity, and encourages the full utilization of their skills, intelligence, and experiences. The objective is to provide a space that allows these individuals to live independently and make the most of their abilities.
Official website here: www.ploughtowers.org
Who is the CEO of Memphis Jewish Housing Development- Plough Towers?
Leigh Hendry is the President of Memphis Jewish Housing Development- Plough Towers.
Official website here: www.ploughtowers.org
What is the revenue of Memphis Jewish Housing Development- Plough Towers?
Memphis Jewish Housing Development- Plough Towers's revenue in 2023 was $1,722,884.
Official website here: www.ploughtowers.org
Who are the executives of Memphis Jewish Housing Development- Plough Towers and what are their salaries?
The average compensation at Memphis Jewish Housing Development- Plough Towers during 2023 was $53,009. There are 9 employees at Memphis Jewish Housing Development- Plough Towers.
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- Compensation: $110,405
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- Other: $7,728
Official website here: www.ploughtowers.org
Where can I find the form 990 for Memphis Jewish Housing Development- Plough Towers?
Memphis Jewish Housing Development- Plough Towers's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ploughtowers.org
Learn more at the official website: www.ploughtowers.org
Mission Statement of Memphis Jewish Housing Development- Plough Towers
Memphis Jewish Housing Development-Plough Towers is dedicated to providing a secure and affordable living environment for the elderly and mobility-impaired individuals. Their mission is to create an atmosphere that fosters self-worth, dignity, and encourages the full utilization of their skills, intelligence, and experiences. The community, which comprises 150 apartment units, strives to enhance the lives of its residents by offering a space that supports their well-being and enables them to make the most of their abilities. Plough Towers aims to be more than just a place to live; it seeks to be a community that empowers its residents and promotes their independence and active participation.
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Impact
July, 2024
Plough Towers, a 150-unit government rent-assisted high-rise apartment community in Memphis, TN, has a significant impact by providing safe, affordable housing for the elderly and mobility impaired residents. This initiative aims to enhance self-worth and dignity while encouraging the full use of their skills, intelligence, and experiences. Through its provision of 150 apartment units dedicated to this demographic, Plough Towers positively influences the lives of its residents by meeting their housing needs and fostering a supportive environment.
This information is meant to be a general summary of Memphis Jewish Housing Development- Plough Towers. 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: $22,342
- Program Service Revenue: $643,852
- Gross Receipts: $1,722,884
Assets and Liabilities:
- Total Assets: $4,563,565
- Total Liabilities: $3,163,552
- Net Assets: $1,400,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$637,251
OTHER REVENUE
Revenue
$6,601
Organization Details
Founding Year
1980
Phone
(901) 767-1910Principal Officer
Leigh Hendry
Main Address
6580 POPLAR AVENUE, MEMPHIS, TN, 38138
Website
www.ploughtowers.orgNTEE Category
Code: L200 - Housing
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