Overview
What is Carmel Estates Inc?
Carmel Estates Inc is a nonprofit organization situated in Hattisburg, Mississippi, focused on providing low-income housing opportunities for the elderly and handicapped individuals. Constructed and operated under Section 202 of the National Housing Act, their 20-unit apartment complex aims to ensure decent living conditions for those who might struggle to afford adequate housing otherwise. The organization's mission is to offer a supportive environment for elderly and disabled individuals, enabling them to maintain their independence and dignity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating. This score reflects strong performance in the area of Accountability & Finance, indicating that Carmel Estates Inc is effectively managing its financial health and governance practices.
The organization received a perfect score in several key areas, including having an entirely independent board and demonstrating no material diversion of assets. This indicates a high level of integrity and transparency in its operations. The charity's program expense ratio is also outstanding at 100%, suggesting that all its expenses are directed towards its charitable programs, which is a significant strength.
However, while the scores in accountability are commendable, the overall rating is solely based on this one metric, with no additional information about program effectiveness or impact. This limited perspective means that potential donors may want to seek further information about the charity's programs and outcomes before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Carmel Estates Inc legitimate?
Carmel Estates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carmel Estates 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Carmel Estates Inc?
Carmel Estates Inc is dedicated to providing suitable housing for elderly and handicapped individuals who are financially disadvantaged. They accomplish this mission by owning and managing a 20-unit apartment complex, which was constructed under Section 202 of the National Housing Act. The primary goal is to ensure that these individuals, who might otherwise struggle with providing adequate housing for themselves, have access to decent living spaces. Carmel Estates Inc continually strives to provide low-income housing options for this specific demographic.
Who is the CEO of Carmel Estates Inc?
Calvin Brumfield is the Director of Carmel Estates Inc.
What is the revenue of Carmel Estates Inc?
Carmel Estates Inc's revenue in 2021 was $133,061.
Who are the executives of Carmel Estates Inc and what are their salaries?
There are 2 employees at Carmel Estates Inc.
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Where can I find the form 990 for Carmel Estates Inc?
Carmel Estates Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Carmel Estates Inc
Carmel Estates Inc, as a mission-driven organization, is dedicated to providing low-income housing solutions for the elderly and disabled individuals. Constructed and operated under Section 202 of the National Housing Act, this nonprofit aims to offer decent housing options to those who might otherwise struggle to secure adequate housing for themselves. By owning and managing a 20-unit apartment complex, Carmel Estates Inc strives to ensure that elderly and disabled individuals have access to housing that caters to their needs, thereby enhancing their overall quality of life.
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Impact
October, 2024
Carmel Estates Inc plays a crucial role in enhancing the quality of life for low and moderate-income elderly and handicapped individuals in Hattiesburg, Mississippi. By owning and operating a 20-unit apartment complex, the organization addresses a significant need for affordable housing options in the area.
This initiative provides safe and decent living conditions for elderly residents who might otherwise struggle to find suitable housing. By focusing on this demographic, Carmel Estates Inc not only improves individual well-being but also contributes to the community's overall health by fostering stable living environments for vulnerable populations. The operation under Section 202 of the National Housing Act underscores a commitment to offering necessary support and resources, ensuring that the elderly and disabled individuals can enjoy dignity and security in their housing arrangements.
Through its mission, Carmel Estates Inc directly impacts the lives of its residents by alleviating housing insecurity and providing a sense of community, ultimately enhancing their quality of life and enabling them to age in place comfortably.
This information is meant to be a general summary of Carmel Estates 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 2021.
- Investment Income: $12
- Program Service Revenue: $128,718
- Gross Receipts: $133,061
Assets and Liabilities:
- Total Assets: $566,356
- Total Liabilities: $24,650
- Net Assets: $541,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income low income
Revenue
$128,718
Organization Details
Founding Year
1997
Phone
(404) 372-1508Principal Officer
Calvin Brumfield
Main Address
85 JACKSONWOOD COURT, HATTISBURG, MS, 394018501
NTEE Category
Code: L22Z - Housing
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