Overview
What is National Caucus And Center On Black Aged Housing Services For Ms?
National Caucus and Center on Black Aged Housing Services for Ms, often referred to as NCBA Estates of Jackson, is a nonprofit organization based in Memphis, Tennessee. With a focus on providing affordable housing solutions, they manage 50 subsidized units under Section 202 of the National Housing Act. These units cater to the needs of low-income elderly and handicapped individuals, ensuring they have safe and accessible living spaces. The organization's mission is deeply rooted in addressing housing disparities within these communities, contributing positively to their quality of life. With a small workforce of five dedicated individuals, NCBA Estates of Jackson continues to serve its purpose in Memphis, TN.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (Needs Improvement) - Score: 67%
The National Caucus and Center on Black Aged Housing Services for Ms has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. Its overall score of 67% reflects strong accountability measures, such as having a fully independent board and well-audited financial statements, which points to a commitment to transparency in governance.
However, the organization's financial health raises concerns, particularly with a liabilities to assets ratio of 139.97%, signaling potential financial stability issues. Additionally, the absence of several critical policies, including a conflict of interest policy and a whistleblower policy, suggests areas for development in governance practices. These limitations highlight the need for more robust policy frameworks to enhance its operational effectiveness.
Despite these challenges, the organization excels in its program expense ratio, boasting 100% of expenses directed towards programs, which speaks to its commitment to its mission. The effective management of resources and a fully independent board are notable strengths that provide a foundation for future improvements.
This AI summary has been generated from information found on Charity Navigator.
Is National Caucus And Center On Black Aged Housing Services For Ms legitimate?
National Caucus And Center On Black Aged Housing Services For Ms is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Caucus And Center On Black Aged Housing Services For Ms 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: $93,616
For more financial information, click here
What is the mission statement of National Caucus And Center On Black Aged Housing Services For Ms?
The National Caucus and Center on Black Aged Housing Services for Ms is dedicated to providing low-income housing for the elderly and/or handicapped. They accomplish this through the operation of 50 apartment units, in line with Section 202 of the National Housing Act. Their primary mission is to offer subsidized housing to qualified individuals who fall under the low-income bracket. This housing initiative aims to improve the living conditions and provide shelter for those who are most in need.
Who is the CEO of National Caucus And Center On Black Aged Housing Services For Ms?
Elias Hussein is the Director of National Caucus And Center On Black Aged Housing Services For Ms.
What is the revenue of National Caucus And Center On Black Aged Housing Services For Ms?
National Caucus And Center On Black Aged Housing Services For Ms's revenue in 2023 was $617,329.
Who are the executives of National Caucus And Center On Black Aged Housing Services For Ms and what are their salaries?
The average compensation at National Caucus And Center On Black Aged Housing Services For Ms during 2023 was $18,723. There are 5 employees at National Caucus And Center On Black Aged Housing Services For Ms.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $285,160
- Other: $38,674
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- Related: $205,133
- Other: $33,872
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for National Caucus And Center On Black Aged Housing Services For Ms?
National Caucus And Center On Black Aged Housing Services For Ms's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of National Caucus And Center On Black Aged Housing Services For Ms
National Caucus and Center on Black Aged Housing Services for Ms is committed to providing low-income housing for the elderly and individuals with disabilities. They accomplish this mission through the operation of 50 apartment units, which are subsidized under Section 202 of the National Housing Act. This nonprofit organization aims to offer a safe and secure living environment for qualified individuals who may be financially disadvantaged, ensuring they have access to necessary housing. By operating these 50 HUD-subsidized housing units, National Caucus and Center on Black Aged Housing Services for Ms is able to make a significant impact in the lives of those who require assistance in securing suitable housing.
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Impact
July, 2024
The National Caucus And Center On Black Aged Housing Services For Ms has a direct impact on the community by providing low-income housing to the elderly and/or handicapped through the operation of 50 apartment units. By offering HUD-subsidized housing to qualified low-income tenants, this organization helps address the critical need for affordable housing options for marginalized populations in Memphis, TN. Their mission focuses on serving the elderly and handicapped individuals, ensuring they have access to safe and affordable housing as outlined under Section 202 of the National Housing Act. This direct service has a tangible and meaningful impact on the lives of those in need within the community.
This information is meant to be a general summary of National Caucus And Center On Black Aged Housing Services For Ms. 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: $62
- Program Service Revenue: $617,267
- Gross Receipts: $617,329
Assets and Liabilities:
- Total Assets: $2,536,271
- Total Liabilities: $3,550,062
- Net Assets: -$1,013,791
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & SUBSIDY
Revenue
$612,943
OTHER CHARGES
Revenue
$4,324
Organization Details
Founding Year
1988
Phone
(901) 526-7155Principal Officer
Elias Hussein
Main Address
280 HERNANDO STREET SUITE 205, MEMPHIS, TN, 38126
NTEE Category
Code: L21 - Housing
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