Overview
What is Independent Living Associates Of The Muscle Shoals Area Inc?
Independent Living Associates of the Muscle Shoals Area Inc is a nonprofit organization situated in Florence, Alabama. Their primary mission is to provide affordable housing for individuals who have been diagnosed with chronic mental illnesses. Specifically, they offer 20 one-bedroom apartments designed for individuals who are capable of living independently. The organization's goal is to support these individuals by providing them with a safe and stable living environment, thereby contributing to their overall well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Independent Living Associates Of The Muscle Shoals Area Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. While the organization excels in areas such as having a fully independent board and a robust program expense ratio of 90.99%, it has critical weaknesses in transparency and governance policies. The charity's liabilities exceed its assets significantly, which is a notable red flag for potential financial stability.
The organization benefits from a high score in board independence and proper documentation of meetings, contributing positively to its governance framework. However, the lack of essential policies, such as a conflict of interest policy and a whistleblower policy, raises questions about its operational practices. Additionally, the absence of its tax form on the website further undermines transparency, preventing stakeholders from fully assessing its financial situation.
In summary, while Independent Living Associates shows promise in its program delivery and governance structure, its substantial liabilities and missing operational policies suggest a need for improvement in financial management and transparency practices. Stakeholders and potential donors should consider these factors when evaluating the nonprofit's overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Living Associates Of The Muscle Shoals Area Inc legitimate?
Independent Living Associates Of The Muscle Shoals Area Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Living Associates Of The Muscle Shoals Area 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: $6,719
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What is the mission statement of Independent Living Associates Of The Muscle Shoals Area Inc?
The Independent Living Associates of the Muscle Shoals Area Inc is dedicated to providing low-income housing. Specifically, they offer 20 one-bedroom apartments designed for chronically mentally ill individuals who have the capability to live independently. The organization's primary objective is to support these individuals in maintaining their independence.
Who is the CEO of Independent Living Associates Of The Muscle Shoals Area Inc?
Coy Johnson is the Chairman of Independent Living Associates Of The Muscle Shoals Area Inc.
What is the revenue of Independent Living Associates Of The Muscle Shoals Area Inc?
Independent Living Associates Of The Muscle Shoals Area Inc's revenue in 2023 was $187,750.
Who are the executives of Independent Living Associates Of The Muscle Shoals Area Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Independent Living Associates Of The Muscle Shoals Area Inc?
Independent Living Associates Of The Muscle Shoals Area Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Independent Living Associates Of The Muscle Shoals Area Inc
Independent Living Associates of the Muscle Shoals Area Inc is dedicated to providing low-income housing for individuals who have been diagnosed with chronic mental illness. Specifically, the organization offers 20 one-bedroom apartments designed to accommodate those who are capable of living independently. The mission of this nonprofit organization is to offer a safe and supportive living environment for these individuals, allowing them to maintain their independence while receiving necessary care and support. By providing affordable housing, Independent Living Associates of the Muscle Shoals Area Inc aims to improve the quality of life for those dealing with mental illness and help them integrate into their communities more effectively. The organization's mission is vital in ensuring that individuals with chronic mental illness have access to safe, affordable housing and the support they need to live independently.
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Impact
October, 2024
Independent Living Associates of the Muscle Shoals Area Inc significantly impacts the community by providing essential low-income housing for individuals with chronic mental illnesses who are capable of living independently. By offering 20 one-bedroom apartments, this initiative creates a safe and supportive living environment that fosters autonomy and dignity for its residents.
The organization plays a crucial role in addressing the housing crisis for vulnerable populations, particularly those struggling with mental health challenges. By facilitating stable housing, it helps residents gain a sense of belonging and security, which is vital for their overall well-being.
Moreover, this housing initiative not only meets a critical need for low-income residents but also promotes community integration. By enabling individuals to live independently, they can engage more fully in society, pursue employment opportunities, and develop social connections, thereby enhancing their quality of life.
In summary, Independent Living Associates of the Muscle Shoals Area Inc serves as a lifeline for those who are often overlooked, empowering them to lead more independent, fulfilling lives while contributing positively to the community.
This information is meant to be a general summary of Independent Living Associates Of The Muscle Shoals Area 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: $663
- Program Service Revenue: $71,750
- Gross Receipts: $187,750
Assets and Liabilities:
- Total Assets: $378,192
- Total Liabilities: $907,160
- Net Assets: -$528,968
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$69,069
OTHER TENANT INCOME
Revenue
$2,681
Organization Details
Founding Year
1992
Phone
(256) 740-5206Principal Officer
Coy Johnson
Main Address
106 SOUTH CEDAR STREET, FLORENCE, AL, 35630
NTEE Category
Code: G50 - Disease
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