Overview
What is Christian Towers Inc Of Alabama?
Christian Towers Inc of Alabama is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to provide affordable housing for low-income elderly and self-sufficient handicapped individuals, adhering to the guidelines set by the Department of Housing and Urban Development. Specifically, they operate a rental property under Section 202 of the National Housing Act, which is dedicated to offering housing solutions for elderly citizens with limited financial means. This mission is crucial in ensuring the well-being and housing stability of an underserved population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Christian Towers Inc of Alabama holds a three-star rating from Charity Navigator, signifying a commendable level of accountability and finance management. The score reflects a solid performance in various areas, particularly in governance, where the organization achieved a perfect score for having a majority of independent board members and a comprehensive set of policies in place to ensure oversight and ethical conduct.
The financial health of the organization is noteworthy, with a program expense ratio of 90.49%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. However, the organization faces challenges concerning its liabilities, as it has a liabilities to assets ratio of 135.85%, which may raise concerns about financial sustainability in the long term.
Overall, while Christian Towers Inc demonstrates strong governance and program efficiency, its financial liabilities could be a point of concern for potential donors or stakeholders. The organization is transparently managed and adheres to established best practices, which enhances its credibility and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Christian Towers Inc Of Alabama legitimate?
Christian Towers Inc Of Alabama is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christian Towers Inc Of Alabama 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: $102,894
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What is the mission statement of Christian Towers Inc Of Alabama?
Christian Towers Inc of Alabama's mission is centered around providing housing for a specific group. More precisely, the organization aims to own and manage a rental property, catering to low-income elderly individuals, in accordance with Section 202 of the National Housing Act. Their primary activity involves operating an apartment complex that adheres to the stipulations set by the Department of Housing and Urban Development, providing a suitable living space for low-income elderly and self-sufficient handicapped persons.
Who is the CEO of Christian Towers Inc Of Alabama?
Gerald Eickhoff is the President of Christian Towers Inc Of Alabama.
What is the revenue of Christian Towers Inc Of Alabama?
Christian Towers Inc Of Alabama's revenue in 2022 was $581,782.
Who are the executives of Christian Towers Inc Of Alabama and what are their salaries?
There 6 volunteers at Christian Towers Inc Of Alabama.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Christian Towers Inc Of Alabama?
Christian Towers Inc Of Alabama's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Christian Towers Inc Of Alabama
Christian Towers Inc of Alabama is dedicated to providing affordable housing for low-income elderly individuals, adhering to Section 202 of the National Housing Act. The organization's mission is to own and manage a rental property, ensuring that it serves as a secure and comfortable living space for these individuals. The apartment complex, operated by Christian Towers Inc of Alabama, is maintained in accordance with the regulations set by the Department of Housing and Urban Development, ensuring a safe and suitable environment for its residents. The organization's objective is to cater to the needs of low-income elderly persons and self-sufficient handicapped individuals, providing them with a place to call home.
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Impact
July, 2024
Christian Towers Inc Of Alabama's impact is significant in providing affordable housing options for low-income elderly individuals under Section 202 of the National Housing Act. By owning and operating a rental housing property specifically tailored to the needs of this demographic, the organization plays a vital role in addressing the housing challenges faced by the elderly in the community. Their focus on maintaining an apartment complex for low-income elderly and self-sufficient handicapped individuals aligns with the requirements of the Department of Housing and Urban Development, ensuring that those in need have a safe and supportive living environment. Through their mission to offer affordable housing solutions, Christian Towers Inc Of Alabama positively impacts the lives of vulnerable elderly individuals, contributing to their well-being and quality of life.
This information is meant to be a general summary of Christian Towers Inc Of Alabama. 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: $1,458
- Program Service Revenue: $577,563
- Gross Receipts: $581,782
Assets and Liabilities:
- Total Assets: $456,556
- Total Liabilities: $620,246
- Net Assets: -$163,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY RENTAL INC
Revenue
$407,080
RENTAL AND OTHER INCOM
Revenue
$170,483
Organization Details
Founding Year
1983
Phone
(770) 496-0598Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L210 - Housing
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