Overview
What is Cme Southside Villa Inc?
Cme Southside Villa Inc is a nonprofit organization that offers low-income housing to 204 residents, operating under a religious framework. Their primary mission is to provide a safe and affordable living environment for individuals in need. The organization is committed to this cause through its religion-based program. Although the specific nature of their faith is not mentioned, it plays a significant role in their operations and outreach. This housing solution not only offers a roof over the heads of those in need but also contributes to the local community by providing a stable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Cme Southside Villa Inc has received a low rating of 52%, indicating significant concerns regarding its accountability and financial transparency. The organization has a strong governance structure, with 100% of its board members being independent, but it falls short in several critical areas, such as the absence of financial statements and key policies like conflict of interest and whistleblower protections.
While the charity demonstrates a commendable program expense ratio of 93.08%, which suggests that the majority of its expenditures are directed toward its programs, its overall financial health is troubling. The liabilities to assets ratio is particularly concerning at 337.61%, which indicates a potential risk in managing its financial obligations. The lack of essential documentation on its website also raises red flags about its commitment to transparency and accountability to donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cme Southside Villa Inc legitimate?
Cme Southside Villa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cme Southside Villa 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: $206,442
For more financial information, click here
What is the mission statement of Cme Southside Villa Inc?
Cme Southside Villa Inc, as a organization, is committed to providing low-income housing for 204 residents through their religion-based program. Their primary goal is to offer a living space for individuals who may not have the financial means to secure adequate housing otherwise. This mission is a testament to their dedication to serving the community and addressing a pressing societal need. The organization's housing program is deeply rooted in their religious beliefs, which guides their operations and commitment to their residents.
Who is the CEO of Cme Southside Villa Inc?
Bishop Marvin F Thomas is the Secretary of Cme Southside Villa Inc.
What is the revenue of Cme Southside Villa Inc?
Cme Southside Villa Inc's revenue in 2022 was $1,254,601.
Who are the executives of Cme Southside Villa Inc and what are their salaries?
The average compensation at Cme Southside Villa Inc during 2022 was $20,644. There are 10 employees at Cme Southside Villa Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cme Southside Villa Inc?
Cme Southside Villa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cme Southside Villa Inc
Cme Southside Villa Inc, a nonprofit organization, is dedicated to providing low-income housing for 204 residents. Their mission is carried out through a religion-based program, offering a safe and supportive living environment for those in need. By offering affordable housing, Cme Southside Villa Inc aims to contribute to the well-being of its community, providing a place where individuals can build a stable and secure living situation. The organization's commitment to low-income housing is an essential service that helps to address housing inequality and ensure that everyone has access to a decent place to live.
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Impact
July, 2024
Cme Southside Villa Inc's impact is significant in providing low-income housing for 204 residents in Nashville, TN through their religion-based program. Their mission is to support underprivileged individuals by offering them affordable housing options, contributing to the overall well-being and stability of the community. Through their efforts, Cme Southside Villa Inc plays a vital role in addressing housing insecurity and creating a positive impact on the lives of those in need.
This information is meant to be a general summary of Cme Southside Villa 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: $6,160
- Program Service Revenue: $1,235,511
- Gross Receipts: $1,254,601
Assets and Liabilities:
- Total Assets: $2,902,974
- Total Liabilities: $8,595,492
- Net Assets: -$5,692,518
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME-APARTMENTS
Revenue
$1,371,518
VACANCY
Revenue
-$136,007
Organization Details
Phone
(615) 259-4332Principal Officer
Bishop Marvin F Thomas
Main Address
PO BOX 292405, NASHVILLE, TN, 372292405
NTEE Category
Code: L21 - Housing
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