Overview
What is Bethel Towers Inc?
Bethel Towers Inc is a nonprofit organization situated in Germantown, Tennessee. Their primary mission is to provide affordable housing options for the elderly, ensuring they have a place to reside with financial ease. With a dedicated team of four employees, Bethel Towers Inc is committed to this cause, offering low-income housing that caters specifically to the elderly community. The organization's purpose is to help make housing more accessible and affordable for this demographic, contributing to their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 71%
Bethel Towers Inc has received a two-star rating from Charity Navigator, indicating that while the organization has some strengths, it also faces significant challenges in its accountability and financial practices. The organization boasts a 100% independent board and has no reported material diversion of assets, showcasing a commitment to governance and financial integrity.
Despite these strengths, Bethel Towers Inc has critical areas needing attention. The organization lacks several essential policies, including a conflict of interest policy, a whistleblower policy, and proper disclosures on its website, which adversely affects its transparency. Additionally, the financial metrics reveal concerning liabilities that significantly exceed assets, which raises red flags regarding its overall fiscal health.
The high program expense ratio of nearly 90% demonstrates that a substantial portion of the organization's budget is allocated to its programs, which is a positive indicator of its commitment to mission-driven work. However, the absence of key financial disclosures and policies could undermine trust and confidence among stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Bethel Towers Inc legitimate?
Bethel Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethel Towers 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: $79,634
For more financial information, click here
What is the mission statement of Bethel Towers Inc?
Bethel Towers Inc is committed to providing low-income affordable housing for the elderly. Their mission, in essence, is to ensure that senior citizens in need have a place to call home without the burden of exorbitant rent prices. They offer low-income rental housing, demonstrating their dedication to this cause. Their aim is to provide a secure and comfortable living environment for the elderly, enabling them to maintain their dignity and independence. By offering affordable housing, Bethel Towers Inc is contributing to the well-being of the elderly community, providing them with a sense of stability and security.
Who is the CEO of Bethel Towers Inc?
Mary Daniels is the Board Member of Bethel Towers Inc.
What is the revenue of Bethel Towers Inc?
Bethel Towers Inc's revenue in 2023 was $550,897.
Who are the executives of Bethel Towers Inc and what are their salaries?
The average compensation at Bethel Towers Inc during 2023 was $19,908. There are 4 employees at Bethel Towers Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Bethel Towers Inc?
Bethel Towers Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bethel Towers Inc
Bethel Towers Inc is committed to providing affordable housing solutions for the elderly community. Their mission, in essence, is to offer low-income rental accommodations tailored to the needs of this demographic. By doing so, Bethel Towers Inc seeks to create a living environment that supports the elderly, ensuring they can maintain their independence and dignity in their later years.
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Impact
July, 2024
Bethel Towers Inc's impact lies in providing low-income elderly individuals with affordable housing in Germantown, Tennessee. Through their mission to offer low-income rental housing to the elderly, Bethel Towers Inc is directly addressing a crucial need in the community by ensuring that this vulnerable population has access to safe and affordable housing options. By doing so, they are contributing to enhancing the overall quality of life for elderly individuals who may face financial challenges in securing appropriate housing. This impact goes beyond just providing shelter; it also fosters a sense of stability and security for the elderly residents, promoting their well-being and dignity.
This information is meant to be a general summary of Bethel Towers 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 2023.
- Investment Income: $3,073
- Program Service Revenue: $547,824
- Gross Receipts: $550,897
Assets and Liabilities:
- Total Assets: $1,881,087
- Total Liabilities: $3,334,793
- Net Assets: -$1,453,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$309,861
TENANT RENTS
Revenue
$223,647
LAUNDRY, VENDING, MISC.
Revenue
$14,316
Organization Details
Founding Year
1996
Phone
(901) 759-1855Principal Officer
Mary Daniels
Main Address
2171 JUDICIAL DRIVE SUITE 200, GERMANTOWN, TN, 38138
NTEE Category
Code: L22 - Housing
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