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Wtfs Housing Association Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621846036 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Wtfs Housing Association Inc?

Wtfs Housing Association Inc, situated in Memphis, Tennessee, serves as a nonprofit organization dedicated to supporting individuals with developmental and intellectual disabilities. Their primary mission is to offer residential and therapeutic services, enabling adults with severe and multiple disabilities to live and work independently within their community. The association's commitment extends beyond housing, providing opportunities for these individuals to integrate into society and lead fulfilling lives.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) with a score of 74%. This indicates that while the organization has some strengths, there are significant areas that require attention and improvement. The majority of the board members are independent, which is a positive indicator of governance.

The housing association demonstrates effective financial oversight, with no material diversion of assets and a solid program expense ratio of 87.06%, suggesting that a majority of its resources are directed towards its mission. However, the organization falls short in several key accountability areas, including the absence of a conflict of interest policy, a whistleblower policy, and basic documentation like a tax form on its website.

These gaps in policy and transparency may raise concerns for potential donors and stakeholders regarding the overall governance and accountability of the organization. Addressing these limitations could help improve its rating and build greater trust within the community it serves.


This AI summary has been generated from information found on Charity Navigator.

Is Wtfs Housing Association Inc legitimate?

Wtfs Housing Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wtfs Housing Association 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: $0

For more financial information, click here

What is the mission statement of Wtfs Housing Association Inc?

Wtfs Housing Association Inc's mission is centered around providing residential and support services for adults with severe and multiple disabilities. Their goal is to create opportunities for these individuals to live and work independently within their own community. The organization strives to offer housing solutions for people with developmental and intellectual disabilities, thereby enhancing their quality of life. By providing such services, Wtfs Housing Association Inc aims to empower these individuals to lead fulfilling lives with as much independence as possible.

Who is the CEO of Wtfs Housing Association Inc?

Melissa Lamar is the Secretary of Wtfs Housing Association Inc.

What is the revenue of Wtfs Housing Association Inc?

Wtfs Housing Association Inc's revenue in 2022 was $513,959.

Who are the executives of Wtfs Housing Association Inc and what are their salaries?


Here are 2 key members and their salaries:


John Stratton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Lamar (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wtfs Housing Association Inc?

Wtfs Housing Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Wtfs Housing Association Inc

Wtfs Housing Association Inc is dedicated to providing residential and support services for adults with severe and multiple disabilities. Their mission is to offer these individuals the opportunity to live and work independently in their own community. By doing so, the organization aims to enhance the quality of life for these adults, enabling them to participate fully in their communities. Wtfs Housing Association Inc's services are designed to empower adults with developmental and intellectual disabilities, providing them with a supportive living environment.

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Impact




July, 2024

Wtfs Housing Association Inc's impact lies in providing crucial residential and support services to adults with severe and multiple disabilities in Memphis, Tennessee. This organization offers opportunities for individuals with developmental and intellectual disabilities to live independently and work within their own community. By focusing on housing and support services, Wtfs Housing Association Inc plays a vital role in enhancing the quality of life for these individuals and promoting inclusion within society.




This information is meant to be a general summary of Wtfs Housing Association 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.

Revenue
$513,959 (2022)
Expenses
$389,837 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,542
  • Program Service Revenue: $481,526
  • Gross Receipts: $513,959

Assets and Liabilities:

  • Total Assets: $4,858,322
  • Total Liabilities: $2,589,392
  • Net Assets: $2,268,930

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LEASE INCOME

Revenue

$481,526

Organization Details

Founding Year

2000

Principal Officer

Melissa Lamar

Main Address

7980 N BROTHER BLVD STE 101, MEMPHIS, TN, 38133

NTEE Category

Code: L80 - Housing

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