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Southeast Alabama Self Help Assn Inc

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

EIN: 630571776 ✦ Tuskegee inst, AL ✦ Designated as a 501(c)(3)

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Overview

What is Southeast Alabama Self Help Assn Inc?

The Southeast Alabama Self Help Assocation is a nonprofit organization based in Tuskegee Institute, Alabama. Its primary focus is to manage various apartment complexes, including E.D. Nixon Apartments, Tubnan Gardens, Windovexr Apartments, Rese Garden Apartments, Capracorn Apartments, Hulett Townhouse Apartments, Sojourner Truth, Ltd., Sumbry Hills, and Roden Manox. Moreover, the organization operates a Revolving Loan Fund, providing business loans to low-income entities in economically distressed areas of Southeast Alabama. This initiative aims to support and uplift local businesses in the region.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 54%

The Southeast Alabama Self Help Association Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial management and transparency. While the organization has a high accountability score due to its fully independent board and effective oversight policies, its overall financial health raises red flags.

One notable strength is the organization's commitment to governance, reflected in its policies on conflicts of interest, whistleblower protections, and document retention. However, the charity's financial performance is concerning, highlighted by a very low program expense ratio of 3.93%, suggesting that a minimal percentage of expenditures are directed toward its programs. Additionally, the absence of its tax form on the nonprofit's website further impacts its transparency.

The liabilities to assets ratio is also troubling at 0.92%, indicating potential financial instability. While the salaries of key personnel are relatively modest, the organization's financial practices warrant scrutiny and improvement to enhance its operational effectiveness and public trust.


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

Is Southeast Alabama Self Help Assn Inc legitimate?

Southeast Alabama Self Help Assn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Alabama Self Help Assn 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: $244,610

For more financial information, click here

What is the mission statement of Southeast Alabama Self Help Assn Inc?

The South East Alabama Self-Help Association's primary role is to manage several apartment complexes in the region. Beyond this, the organization operates a Revolving Loan Fund, which extends business loans to low-income entities in financially distressed areas of Southeast Alabama. The association's mission, in essence, is to support and assist these communities by providing affordable housing and financial aid to stimulate economic growth.

What is the revenue of Southeast Alabama Self Help Assn Inc?

Southeast Alabama Self Help Assn Inc's revenue in 2024 was $818,304.

Who are the executives of Southeast Alabama Self Help Assn Inc and what are their salaries?

The average compensation at Southeast Alabama Self Help Assn Inc during 2024 was $6,989. There are 35 employees at Southeast Alabama Self Help Assn Inc.

Here are 10 key members and their salaries:


Hawthone Reed (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Askew (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Wallace (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnny Ford (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Williams (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helenor Bell (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clyde T Windsor (President)
  • Compensation: $81,185
  • Related: $0
  • Other: $0
Columbus Meadows (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenda Skipper (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Florence Bellamy (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Southeast Alabama Self Help Assn Inc?

Southeast Alabama Self Help Assn Inc's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Southeast Alabama Self Help Assn Inc

The South East Alabama Self-Help Association, in its mission, serves as the management entity for several apartment complexes in the region. These include E.D. Nixon Apartments, Inc., Tubnan Gardens, Inc., Windovexr Apartments, Inc., Rese Garden Apartments, Inc., Capracorn Apartments, Inc., Hulett Townhouse Apartments, and Sojourner Truth, Ltd., Sumbry Hills, and Roden Manor. Beyond its role in housing management, the association also operates a Revolving Loan Fund, which extends business loans to entities in financially distressed areas of Southeast Alabama. The primary aim of this initiative is to support low-income businesses in these regions.

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Impact




July, 2024

Southeast Alabama Self Help Assn Inc has a significant impact on the community in Southeast Alabama. The organization manages several apartments, providing affordable housing options to individuals and families in need. Additionally, their Revolving Loan Fund offers business loans to low-income entities in financial distress, supporting entrepreneurship and economic development in the region. Overall, Southeast Alabama Self Help Assn Inc plays a crucial role in promoting community improvement, affordable housing, and economic empowerment in Southeast Alabama.




This information is meant to be a general summary of Southeast Alabama Self Help Assn 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
$818,304 (2024)
Expenses
$680,968 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $47,284
  • Program Service Revenue: $264,631
  • Gross Receipts: $1,162,575

Assets and Liabilities:

  • Total Assets: $3,619,913
  • Total Liabilities: $33,409
  • Net Assets: $3,586,504

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Organization Details

Founding Year

1969

Principal Officer

Clyde T Windsor

NTEE Category

Code: S32Z - Community improvement

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