Overview
What is Smith-Keys Village Apartments?
Smith-Keys Village Apartments is a nonprofit organization situated in Memphis, Tennessee. Their primary mission is to offer affordable housing options for individuals with limited income. Beyond being categorized as a general religion, the organization's main focus revolves around this essential service, ensuring that residents have access to secure and comfortable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Smith-Keys Village Apartments has received a Two-Star rating from Charity Navigator, reflecting a score of 67%. This rating is primarily based on their Accountability and Finance practices. The organization excels in areas such as having a fully independent board and no material diversion of assets, scoring full points in these categories, which indicates strong governance and ethical management.
However, the overall score is negatively impacted by significant shortcomings in financial transparency. The absence of financial statements and missing policies related to conflict of interest, whistleblower protections, and document retention detract from their accountability measures. Additionally, the charity's website is not properly linked to their tax form, which further raises concerns about transparency.
Despite these limitations, Smith-Keys Village Apartments does allocate a substantial portion of its expenses toward program activities, with a program expense ratio of 78.31%. This suggests a commitment to its mission, but the lack of proper financial documentation could hinder donor confidence and public trust in the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Smith-Keys Village Apartments legitimate?
Smith-Keys Village Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smith-Keys Village Apartments 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: $116,475
For more financial information, click here
What is the mission statement of Smith-Keys Village Apartments?
Smith-Keys Village Apartments is an organization dedicated to providing low-income housing. Its primary mission is to offer affordable living solutions for individuals who may not have access to such accommodations otherwise. By offering low-income housing, Smith-Keys Village Apartments contributes to the betterment of the community, ensuring that everyone has a place to call home, regardless of their financial situation. Although not explicitly stated in the provided information, it can be inferred that the organization strives to maintain a welcoming and inclusive environment for its residents, fostering a sense of community within its premises.
Who is the CEO of Smith-Keys Village Apartments?
Bishop Henry Williamson is the Attroney of Smith-Keys Village Apartments.
What is the revenue of Smith-Keys Village Apartments?
Smith-Keys Village Apartments's revenue in 2022 was $583,907.
Who are the executives of Smith-Keys Village Apartments and what are their salaries?
The average compensation at Smith-Keys Village Apartments during 2022 was $19,412. There are 6 employees at Smith-Keys Village Apartments.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Smith-Keys Village Apartments?
Smith-Keys Village Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Smith-Keys Village Apartments
Smith-Keys Village Apartments is a nonprofit organization that is dedicated to providing low-income housing. This mission is a vital service that aims to support individuals and families who may be facing financial challenges. By offering affordable housing, Smith-Keys Village Apartments is helping to alleviate some of the financial strain that these individuals and families may be experiencing.
In addition to providing housing, Smith-Keys Village Apartments can also be considered a general religious organization. While the information provided does not specify the nature of this religious aspect, it suggests that the organization may have a broader mission beyond just providing housing. This could include offering spiritual support, community engagement, or other services that align with religious principles.
Regardless of its religious affiliations, Smith-Keys Village Apartments is an essential resource for many individuals and families in need. By providing low-income housing, the organization is helping to ensure that everyone has access to a safe and stable place to live, which is a fundamental human need. This mission is particularly important in cities like Memphis, where the cost of living can be high and affordable housing can be scarce.
In conclusion, Smith-Keys Village Apartments is a nonprofit organization that provides low-income housing and also has a general religious affiliation. Its mission is to support individuals and families who may be facing financial challenges by providing them with affordable housing. This service is essential in helping to alleviate some of the financial strain that these individuals and families may be experiencing and ensuring that everyone has access to a safe and stable place to live.
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Impact
July, 2024
Smith-Keys Village Apartments directly impacts the Memphis community by providing low-income housing to individuals and families in need. Their mission of offering affordable housing helps address the ongoing issue of housing insecurity and homelessness in the city. By offering a stable and secure living environment, Smith-Keys Village Apartments plays a crucial role in improving the overall well-being and quality of life for its residents. Additionally, the organization contributes to the economic development of the area by supporting individuals who may otherwise struggle to find safe and affordable housing options.
This information is meant to be a general summary of Smith-Keys Village Apartments. 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: $14
- Program Service Revenue: $234,401
- Gross Receipts: $583,907
Assets and Liabilities:
- Total Assets: $1,045,311
- Total Liabilities: $359,692
- Net Assets: $685,619
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$617,342
DOWN UNITS
Revenue
-$35,808
VACANCIES APARTMENTS
Revenue
-$347,133
Organization Details
Phone
(615) 259-4332Principal Officer
Bishop Henry Williamson
Main Address
4466 ELVIS PRESLEY BLVD STE 222, MEMPHIS, TN, 381167180
NTEE Category
Code: L21 - Housing
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