Overview
What is Wesley Apartments - A Methodist Home For The Aging Inc?
Wesley Apartments - A Methodist Home For The Aging Inc is a nonprofit organization located in Birmingham, Alabama, specifically at 1520 Cooper Hill Road. Their primary mission is to provide subsidized housing for the elderly and economically disadvantaged individuals. They achieve this goal through the utilization of HUD Section 8 and 207 funds, ensuring that affordable housing options are available for this specific demographic. The organization employs a modest workforce of 5 individuals, dedicated to upholding their mission and serving the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Wesley Apartments - A Methodist Home For The Aging Inc has received a solid rating based on its strong accountability and financial practices. The organization scored 79% in the Accountability & Finance category, reflecting good governance and transparency. Notably, it has a fully independent board, which is often seen as a strength in nonprofit management.
The nonprofit demonstrates effective financial management, with an impressive program expense ratio of 92.70%, indicating that a significant portion of its resources are directed towards its mission rather than administrative costs. Additionally, the organization has comprehensive policies in place regarding conflict of interest, whistleblowing, and document retention, contributing to its robust governance framework.
However, while the organization performs well in accountability and finance, there may be room for improvement in other areas not covered by this rating. The focus on fiscal matters means that potential donors might want to consider how well the organization addresses broader impact measures beyond financial efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Apartments - A Methodist Home For The Aging Inc legitimate?
Wesley Apartments - A Methodist Home For The Aging Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Apartments - A Methodist Home For The Aging 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: $114,529
For more financial information, click here
What is the mission statement of Wesley Apartments - A Methodist Home For The Aging Inc?
Wesley Apartments - A Methodist Home For The Aging Inc's mission is centered around providing housing for the elderly and financially disadvantaged individuals. This mission is achieved through the utilization of funds from the HUD Section 8 and 207 programs. The housing provided aims to cater to the needs of elderly individuals who may be economically disadvantaged. The project's financing was made possible through these aforementioned HUD funds.
Who is the CEO of Wesley Apartments - A Methodist Home For The Aging Inc?
Christopher Tomlin Ceo-M is the Ceo-Mha of Wesley Apartments - A Methodist Home For The Aging Inc. The CEO's salary of Wesley Apartments - A Methodist Home For The Aging Inc is $0 and their total compensation is $0.
What is the revenue of Wesley Apartments - A Methodist Home For The Aging Inc?
Wesley Apartments - A Methodist Home For The Aging Inc's revenue in 2022 was $832,769.
Who are the executives of Wesley Apartments - A Methodist Home For The Aging Inc and what are their salaries?
The average compensation at Wesley Apartments - A Methodist Home For The Aging Inc during 2022 was $22,906. There are 5 employees at Wesley Apartments - A Methodist Home For The Aging Inc.
Here are 5 key members and their salaries (Wesley Apartments - A Methodist Home For The Aging Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wesley Apartments - A Methodist Home For The Aging Inc?
Wesley Apartments - A Methodist Home For The Aging Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wesley Apartments - A Methodist Home For The Aging Inc
Wesley Apartments - A Methodist Home For The Aging Inc is dedicated to providing subsidized housing for the elderly and financially disadvantaged individuals. Their mission is centered around housing, financed through HUD Section 8 and 207 funds. This nonprofit organization aims to offer a living space for the elderly, ensuring their basic needs are met and providing them with a secure and comfortable environment. The housing project, funded by the HUD Section 8 and 207 funds, is designed to cater to the elderly population who may be economically disadvantaged. By offering subsidized housing, Wesley Apartments - A Methodist Home For The Aging Inc is committed to improving the living conditions of its residents, enabling them to maintain their independence and dignity within a safe and supportive community.
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Impact
July, 2024
Wesley Apartments - A Methodist Home For the Aging Inc provides subsidized housing for elderly and economically disadvantaged individuals in Birmingham, Alabama. With project financing from HUD Section 8 and 207 funds, the organization is able to offer affordable housing options to those in need. Their impact includes providing a safe and supportive living environment for seniors and economically disadvantaged individuals, ensuring they have access to quality housing despite financial constraints. Through their mission of providing housing for the elderly and disadvantaged, Wesley Apartments positively contributes to the well-being and stability of vulnerable populations in the community.
This information is meant to be a general summary of Wesley Apartments - A Methodist Home For The Aging 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: $15
- Program Service Revenue: $777,417
- Gross Receipts: $832,769
Assets and Liabilities:
- Total Assets: $1,836,042
- Total Liabilities: $3,214,355
- Net Assets: -$1,378,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$522,371
RENT INCOME-GROSS POTE
Revenue
$258,491
COVID RENT REPLACEMENT
Revenue
$31,584
MISC RENT REVENUE
Revenue
$1,394
VACANCY LOSS
Revenue
-$36,423
Organization Details
Founding Year
1983
Phone
(205) 951-2442Principal Officer
Christopher Tomlin Ceo-M
Main Address
1520 COOPER HILL ROAD, BIRMINGHAM, AL, 35210
NTEE Category
Code: L21Z - Housing
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