Overview
What is Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc?
Ms. State Fed of Colored Women's Club Housing for the Elderly in Grenada Inc. is a nonprofit organization based in Jackson, Mississippi. The primary mission of this organization is to provide affordable housing options for the elderly and/or handicapped individuals, operating 50 apartment units under Section 202 of the National Housing Act. This initiative aligns with their overall goal of ensuring low-income housing for vulnerable populations. With a small workforce of three individuals, they strive to make a significant impact in their community. The organization operates under the name Federation Towers - Grenada, providing essential living spaces for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, earning a Two-Star out of Four Star rating.
The Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc has received a Two-Star rating, indicating that while it demonstrates some strengths, it also has significant areas for improvement. The organization boasts a fully independent board, which is a positive aspect of its governance structure. Additionally, it has a strong performance in financial auditing, with no reported material diversion of assets, and a commendable program expense ratio of 76.78%, suggesting that a substantial portion of its resources is directed towards its mission.
However, the organization has several limitations that impact its overall rating. Key policies, including conflict of interest and whistleblower policies, are missing, which raises concerns about transparency and accountability. Furthermore, the nonprofit's website does not include crucial disclosures such as the tax form, which can hinder public access to important information. Additionally, the high liabilities to assets ratio of 141.79% is indicative of potential financial instability, which necessitates attention for long-term sustainability.
In summary, while the organization has a strong commitment to its programs, the lack of essential policies and transparency measures may detract from its credibility and effectiveness in the eyes of potential donors and community members.
This AI summary has been generated from information found on Charity Navigator.
Is Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc legitimate?
Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada 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: $72,620
For more financial information, click here
What is the mission statement of Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc?
The Ms State Fed of Colored Women's Club Housing for the Elderly in Grenada Inc is dedicated to providing low-income housing for the elderly and handicapped. They achieve this by operating 50 apartment units, in compliance with Section 202 of the National Housing Act. The organization's mission is centered around providing a secure living environment for those who may be financially or physically challenged. By doing so, they contribute to the well-being and independence of this vulnerable population.
Who is the CEO of Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc?
Carol Cooper is the President of Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc.
What is the revenue of Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc?
Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc's revenue in 2022 was $540,679.
Who are the executives of Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc and what are their salaries?
The average compensation at Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc during 2022 was $24,207. There are 3 employees at Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc.
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Where can I find the form 990 for Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc?
Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc
Ms. State Fed of Colored Women's Club Housing for the Elderly in Grenada Inc is committed to providing low-income housing for the elderly and handicapped. They achieve this mission by operating 50 apartment units under Section 202 of the National Housing Act. This nonprofit organization plays a significant role in accommodating those who may be financially challenged and require suitable living spaces, ensuring their well-being and comfort. By providing these apartments, Ms. State Fed of Colored Women's Club Housing for the Elderly in Grenada Inc contributes to the overall betterment of the elderly and handicapped community, offering them a secure and supportive environment.
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Impact
July, 2024
Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada Inc impacts the community by providing essential low-income housing through the operation of 50 apartment units for the elderly and/or handicapped under Section 202 of the National Housing Act. This organization plays a critical role in ensuring that vulnerable populations have access to safe and affordable housing, thereby contributing to the well-being and quality of life of the elderly and handicapped individuals in Grenada. The housing provided by this organization is instrumental in addressing the housing needs of these individuals and supporting their overall welfare and independence.
This information is meant to be a general summary of Ms State Fed Of Colored Women's Club Housing For The Elderly In Grenada 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: $128
- Program Service Revenue: $540,551
- Gross Receipts: $540,679
Assets and Liabilities:
- Total Assets: $852,530
- Total Liabilities: $1,208,813
- Net Assets: -$356,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT AND SUBSIDY REN
Revenue
$532,100
OTHER CHARGES
Revenue
$8,451
Organization Details
Founding Year
1979
Phone
(601) 714-8350Principal Officer
Carol Cooper
Main Address
PO BOX 3570, JACKSON, MS, 39207
NTEE Category
Code: L210 - Housing
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