Overview
What is Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc?
Ms. St. Ferdinand's Club of Colored Women's Housing for the Elderly in Clinton Inc., commonly known as Federation Towers - Clinton, is a nonprofit organization based in Jackson, Mississippi. With a mission to provide low-income housing, they operate 100 apartment units specifically designed for the elderly and/or handicapped individuals. Under Section 202 of the National Housing Act, this organization strives to cater to the housing needs of this vulnerable population. The nonprofit employs a team of seven dedicated individuals to carry out its mission and ensure the well-being of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star rating)
Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc has received a rating indicating the need for improvement, particularly in areas related to transparency and governance practices. While the organization boasts a perfect score for accountability and finance, it has significant shortcomings in policy disclosures. The lack of conflict of interest, whistleblower, and document retention policies raises concerns regarding its operational governance.
Strengths of the organization include a strong program expense ratio of 82.71%, reflecting a commitment to dedicating a substantial portion of its resources towards its mission. Additionally, the organization has a completely independent board, which is a positive aspect, ensuring that decisions are made without conflicts of interest. The financial health appears stable given the absence of material diversions of assets and a solid audit of financial statements.
However, the organization also faces challenges, particularly with its liabilities exceeding assets (116.54% ratio) and missing necessary documentation on its website, including tax forms and board meeting minutes. These factors contribute to its overall low rating and highlight the need for improvements in financial management and organizational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc legitimate?
Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton 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: $175,439
For more financial information, click here
What is the mission statement of Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc?
The mission of Ms. St. F.E.D. of Colored Women's Club Housing for the Elderly In Clinton Inc. is centered around providing low-income housing. They achieve this by operating 100 apartment units specifically designed for the elderly and handicapped individuals. This initiative is carried out under Section 202 of the National Housing Act, demonstrating their commitment to supporting vulnerable groups in the community.
Who is the CEO of Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc?
Carol Cooper is the President of Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc.
What is the revenue of Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc?
Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc's revenue in 2022 was $1,210,888.
Who are the executives of Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc and what are their salaries?
The average compensation at Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc during 2022 was $25,063. There are 7 employees at Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc.
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Where can I find the form 990 for Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc?
Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc
Ms. St. Fed of Colored Women's Club Housing for the Elderly in Clinton Inc is dedicated to providing low-income housing for the elderly and handicapped. This nonprofit organization operates 100 apartment units, ensuring that those in need have a place to call home. Their mission is aligned with Section 202 of the National Housing Act, a legislative act that supports such initiatives. By offering these housing units, Ms. St. Fed of Colored Women's Club Housing for the Elderly in Clinton Inc is making a significant contribution to the lives of the elderly and handicapped, enabling them to live with dignity and independence in a safe and secure environment.
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Impact
July, 2024
The Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton Inc has a significant impact on the community by providing low-income housing through the operation of 100 apartment units for the elderly and/or handicapped under Section 202 of the National Housing Act. This initiative helps to address the housing needs of vulnerable populations, ensuring they have a safe and affordable place to live. By offering these housing units, the organization is actively contributing to enhancing the quality of life for elderly and handicapped individuals in Jackson, MS. Their mission to provide low-income housing aligns with the goal of promoting accessible and secure accommodation for those in need.
This information is meant to be a general summary of Ms St Fed Of Colored Women's Club Housing For The Elderly In Clinton 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: $99
- Program Service Revenue: $1,210,789
- Gross Receipts: $1,210,888
Assets and Liabilities:
- Total Assets: $2,239,716
- Total Liabilities: $2,610,310
- Net Assets: -$370,594
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT AND SUBSID
Revenue
$1,207,544
OTHER CHARGES
Revenue
$3,245
Organization Details
Founding Year
1979
Phone
(601) 714-8350Principal Officer
Carol Cooper
Main Address
PO BOX 3570, JACKSON, MS, 39207
NTEE Category
Code: L21 - Housing
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