Overview
What is Talladega Presbyterian Apartments Inc?
Talladega Presbyterian Apartments Inc is a nonprofit organization committed to providing affordable housing for the elderly, as mandated by section 202 of the National Housing Act. Regulated and overseen by HUD, this organization offers low-income housing solutions that cater specifically to this demographic. Their mission is centered around ensuring that those in need have access to suitable living arrangements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Talladega Presbyterian Apartments Inc has received a One-Star rating from Charity Navigator, with a score of 52%. This rating indicates significant concerns regarding the organization’s accountability and financial practices. While the charity boasts a fully independent board and has been noted for its program expense ratio, which is strong, the overall financial transparency is lacking.
The organization scored poorly in key areas such as financial statements, conflict of interest policy, and the posting of tax forms on its website. These deficiencies suggest that there may be a lack of proper governance and transparency, which is critical for building trust with donors and stakeholders. The absence of essential financial documentation could hinder the organization's credibility in the nonprofit sector.
Despite these challenges, it is important to acknowledge that Talladega Presbyterian Apartments Inc has demonstrated commitment to certain governance practices, such as maintaining an independent board and documenting board meeting minutes effectively. However, the overall performance in financial management and policy adherence raises red flags that potential donors should consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Talladega Presbyterian Apartments Inc legitimate?
Talladega Presbyterian Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Talladega Presbyterian 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
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What is the mission statement of Talladega Presbyterian Apartments Inc?
Talladega Presbyterian Apartments Inc's mission is centered around providing affordable housing for individuals in need, specifically focusing on the elderly. This is done under Section 202 of the National Housing Act, which is overseen by HUD. The organization's mission is to make housing accessible for those who might not otherwise be able to afford it.
The apartments regulated by HUD aim to offer a comfortable living environment for their residents, ensuring they have a safe and secure place to call home. The organization's mission is a testament to their commitment to addressing housing inequality and serving those who require support.
By providing low-income housing, Talladega Presbyterian Apartments Inc plays a vital role in promoting community stability and fostering an inclusive society. The organization's mission reflects its dedication to making a positive impact on the lives of its residents and contributing to a better future for all.
Who is the CEO of Talladega Presbyterian Apartments Inc?
Dr Jimmy Davis is the President of Talladega Presbyterian Apartments Inc.
What is the revenue of Talladega Presbyterian Apartments Inc?
Talladega Presbyterian Apartments Inc's revenue in 2023 was $515,343.
Who are the executives of Talladega Presbyterian Apartments Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Talladega Presbyterian Apartments Inc?
Talladega Presbyterian Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Talladega Presbyterian Apartments Inc
Talladega Presbyterian Apartments Inc is dedicated to providing affordable housing for the elderly, operating under Section 202 of the National Housing Act, overseen by HUD. Their mission is to offer low-income housing solutions, catering to individuals in need. This nonprofit organization is committed to making a significant impact by ensuring that the elderly population has access to comfortable and affordable living spaces.
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Impact
July, 2024
Talladega Presbyterian Apartments Inc's impact is significant in providing affordable housing for low-income elderly individuals in Talladega, Alabama. By offering housing under section 202 of the national housing act, as regulated and amended by HUD, the organization plays a crucial role in ensuring that elderly individuals have a safe and affordable place to live. Their mission to provide housing for those in need directly addresses the issue of housing insecurity among the elderly population, ultimately improving the quality of life for these individuals.
This information is meant to be a general summary of Talladega Presbyterian 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: $492
- Program Service Revenue: $514,851
- Gross Receipts: $515,343
Assets and Liabilities:
- Total Assets: $637,261
- Total Liabilities: $607,634
- Net Assets: $29,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$130,839
LAUNDRY & VENDING
Revenue
$864
TENANT CHARGES
Revenue
$493
MISCELLANEOUS
Revenue
$184
Organization Details
Founding Year
1985
Phone
(205) 930-4525Principal Officer
Dr Jimmy Davis
Main Address
408 SOUTH 5TH STREET, TALLADEGA, AL, 35160
NTEE Category
Code: L22 - Housing
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