Overview
What is Delta Towers Inc?
Delta Towers Inc is a nonprofit organization, situated in Jackson, Mississippi, primarily focused on providing affordable housing solutions. Specifically, they operate 72 apartment units, catering to the elderly and individuals with disabilities, in compliance with Section 202 of the National Housing Act. Their main mission is to ensure that these vulnerable groups have access to suitable living spaces. With a small team of five dedicated individuals, Delta Towers Inc is committed to this cause, aiming to make a positive impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Delta Towers Inc has received a score of 81%, placing it in the Three-Star category for its accountability and financial health. This rating is based entirely on a single beacon score that reflects the organization's commitment to transparency and effective financial management. A perfect score in several accountability metrics enhances its overall viability as a trusted nonprofit.
The organization boasts an entirely independent board, which is critical for ensuring unbiased governance. It also scored full marks for its financial statements audit and demonstrated no material diversion of assets, indicating strong internal controls. The program expense ratio is notably high, suggesting that the majority of its resources are dedicated to fulfilling its mission rather than administrative costs.
Despite the strong ratings, there is still room for growth, particularly in diversifying its funding sources and potentially improving its liabilities to assets ratio, which stands at 51.04%. While these figures are generally positive, ongoing efforts to enhance financial stability could bolster the organization’s long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Delta Towers Inc legitimate?
Delta Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delta Towers 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: $84,549
For more financial information, click here
What is the mission statement of Delta Towers Inc?
Delta Towers Inc is an organization dedicated to providing low-income housing, specifically catering to the elderly and individuals with disabilities. Their mission is to ensure that these vulnerable groups have access to suitable living accommodations. Through the operation of 72 apartment units, Delta Towers Inc fulfills this mission under Section 202 of the National Housing Act. Their goal is to enhance the quality of life for these individuals by providing them with a safe and comfortable living environment.
Who is the CEO of Delta Towers Inc?
Robert Jackson is the President of Delta Towers Inc.
What is the revenue of Delta Towers Inc?
Delta Towers Inc's revenue in 2022 was $726,605.
Who are the executives of Delta Towers Inc and what are their salaries?
The average compensation at Delta Towers Inc during 2022 was $16,910. There are 5 employees at Delta Towers Inc.
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Where can I find the form 990 for Delta Towers Inc?
Delta Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delta Towers Inc
Delta Towers Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly and individuals with disabilities. Their mission is to make a significant impact in the lives of these vulnerable groups by offering them a place to call home under Section 202 of the National Housing Act. Through the operation of 72 apartment units, Delta Towers Inc offers a safe and supportive living environment, providing essential housing needs to those who might otherwise struggle to secure such accommodations. This commitment to social responsibility and compassionate care allows the elderly and handicapped individuals to live with dignity and independence, fostering a sense of community and well-being.
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Impact
July, 2024
Delta Towers Inc has a significant impact on the community by providing low-income housing to elderly and/or handicapped individuals in Jackson, Mississippi. Through the operation of 72 apartment units under Section 202 of the National Housing Act, Delta Towers Inc plays a vital role in ensuring that this vulnerable population has access to safe and affordable housing. By fulfilling their mission to provide low-income housing to the elderly and/or handicapped, Delta Towers Inc contributes to improving the quality of life for these individuals and helping them live with dignity and security. Their efforts directly address the pressing need for affordable housing options for seniors and individuals with disabilities, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Delta Towers 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: $11
- Program Service Revenue: $726,594
- Gross Receipts: $726,605
Assets and Liabilities:
- Total Assets: $1,015,712
- Total Liabilities: $662,996
- Net Assets: $352,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY AND TENANT
Revenue
$709,180
LAUNDRY AND VENDING
Revenue
$1,578
OTHER INCOME
Revenue
$817
Organization Details
Founding Year
1982
Phone
(601) 948-6401Principal Officer
Robert Jackson
Main Address
PO BOX 1220, JACKSON, MS, 39215
NTEE Category
Code: L22Z - Housing
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