Overview
What is Metro Nashville Teachers' Apartments Inc?
Metro Nashville Teachers' Apartments Inc is a nonprofit organization situated in Nashville, Tennessee, specifically at 2209 Abbott Martin Road. Their primary mission is to offer affordable housing for senior citizens aged 62 and above, ensuring they live independently with the highest quality of life possible. They accomplish this by managing a 136-unit apartment complex in Nashville, striving to keep costs as low as feasible. This nonprofit organization is dedicated to enhancing the living conditions of lower-income senior citizens in the Nashville community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Metro Nashville Teachers' Apartments Inc has received a commendable score of 86%, reflecting its solid performance in the area of accountability and finance. This rating is significant as it indicates that the organization adheres to strong financial practices, which are essential for maintaining donor trust and operational efficiency. The overall score is derived exclusively from the accountability and finance beacon, highlighting the importance of these aspects in the charity sector.
The organization excels in various financial metrics, with a program expense ratio of 89.22%, which demonstrates that a significant portion of its expenses is dedicated to its programs rather than administrative costs. Additionally, it boasts a perfect score for having an independent board, ensuring that its governance is free from conflicts of interest and dedicated to the mission of serving the community.
Despite these strengths, the rating is solely based on financial accountability, leaving out other areas such as program impact and outcomes. While the financial health of Metro Nashville Teachers' Apartments Inc is noteworthy, potential donors may want to consider the organization's overall effectiveness in achieving its mission alongside these financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Metro Nashville Teachers' Apartments Inc legitimate?
Metro Nashville Teachers' Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metro Nashville Teachers' Apartments 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 Metro Nashville Teachers' Apartments Inc?
Metro Nashville Teachers' Apartments Inc has a mission to offer independent and affordable housing for seniors aged 62 and above. Their primary objective is to provide a high-quality residential experience for lower-income senior citizens, ensuring they can reside comfortably at the most affordable rates possible. This is accomplished by managing a 136-unit apartment complex, located unspecified, with a focus on maintaining affordability and quality living standards for its senior residents.
What is the revenue of Metro Nashville Teachers' Apartments Inc?
Metro Nashville Teachers' Apartments Inc's revenue in 2023 was $1,276,823.
Who are the executives of Metro Nashville Teachers' Apartments Inc and what are their salaries?
There 8 volunteers at Metro Nashville Teachers' Apartments Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Metro Nashville Teachers' Apartments Inc?
Metro Nashville Teachers' Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Metro Nashville Teachers' Apartments Inc
Metro Nashville Teachers' Apartments Inc is dedicated to providing an exceptional living experience for senior citizens with lower income, ensuring affordability at its best. The primary mission of this organization is to offer independent and affordable housing for individuals who are 62 years old and above. By operating a 136-unit apartment complex, Metro Nashville Teachers' Apartments Inc strives to make high-quality residential living accessible and within reach for this demographic, offering them a comfortable and affordable living environment. The organization's ultimate goal is to enhance the lives of senior citizens by providing them with a living space that caters to their needs at the most affordable rates possible.
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Impact
July, 2024
Metro Nashville Teachers' Apartments Inc has a significant impact on the community by providing independent affordable housing for seniors aged 62 and older. By operating a 136-unit apartment complex in Nashville, Tennessee, this organization offers a high-quality residential experience for lower-income senior citizens at the most affordable rates possible. Their mission to create a comfortable and affordable living environment for seniors aligns with their commitment to serving the community. Through their efforts, Metro Nashville Teachers' Apartments Inc positively impacts the lives of many seniors in need of affordable housing options.
This information is meant to be a general summary of Metro Nashville Teachers' Apartments 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: $36,410
- Program Service Revenue: $1,158,246
- Gross Receipts: $1,313,598
Assets and Liabilities:
- Total Assets: $5,520,679
- Total Liabilities: $921,445
- Net Assets: $4,599,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,131,904
UTILITY INCOME
Revenue
$10,991
LAUNDRY AND VENDING
Revenue
$9,982
TENANT CHARGES
Revenue
$5,369
Organization Details
Founding Year
1967
Principal Officer
David Rawlings
NTEE Category
Code: P75 - Human services
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