Overview
What is Haygood-Neal Garden Apartments?
Haygood-Neal Garden Apartments is a nonprofit organization that focuses on providing low-income housing. Their mission is to make housing accessible for individuals who may not have the means to afford it otherwise. The information provided does not include specific details about the extent of their operations, any additional programs or services they offer, or the exact location of the apartments. However, it is clear that Haygood-Neal Garden Apartments is dedicated to addressing housing affordability issues within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
Haygood-Neal Garden Apartments has received a low rating of 52%, reflecting several significant challenges within its accountability and financial practices. The organization scores well in areas such as independent board member composition and program expense ratio, indicating a commitment to program delivery. However, the high liabilities to assets ratio raises concerns about financial stability.
The nonprofit's performance is hindered by several missing policies and documentation requirements, such as a conflict of interest policy and financial statements. This lack of transparency can impact stakeholder trust and raises questions about governance practices. Furthermore, the absence of a website listed on the tax form limits public access to information.
While Haygood-Neal Garden Apartments shows strengths in certain operational metrics, the overall low score highlights the need for improved financial reporting and governance practices to enhance accountability and build trust with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Haygood-Neal Garden Apartments legitimate?
Haygood-Neal Garden Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haygood-Neal Garden 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: $89,925
For more financial information, click here
What is the mission statement of Haygood-Neal Garden Apartments?
The Haygood-Neal Garden Apartments are committed to providing low-income housing. Their mission is centered around offering a living space for individuals with limited financial resources. They strive to make housing accessible, thereby contributing to a more inclusive and equitable society. The apartments do not disclose further details about their mission, such as advocacy or support initiatives, in the provided information.
Who is the CEO of Haygood-Neal Garden Apartments?
Unavailable
What is the revenue of Haygood-Neal Garden Apartments?
Haygood-Neal Garden Apartments's revenue in 2022 was $651,233.
Who are the executives of Haygood-Neal Garden Apartments and what are their salaries?
The average compensation at Haygood-Neal Garden Apartments during 2022 was $22,481. There are 4 employees at Haygood-Neal Garden Apartments.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Haygood-Neal Garden Apartments?
Haygood-Neal Garden Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Haygood-Neal Garden Apartments
Haygood-Neal Garden Apartments is committed to providing low-income housing as its primary mission. This nonprofit organization aims to offer a living space for individuals who may have limited financial resources, ensuring they have a safe and secure place to call home. By providing low-income housing, Haygood-Neal Garden Apartments contributes to the overall well-being of its residents, allowing them to focus on other essential aspects of their lives.
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Impact
July, 2024
Haygood-Neal Garden Apartments provides essential low-income housing in Memphis, TN. By offering affordable housing options, this organization plays a crucial role in supporting individuals and families in the community who may otherwise struggle to afford safe and stable housing. This can have a significant impact on improving residents' quality of life by providing a secure foundation from which they can pursue their goals and aspirations. Access to affordable housing is a fundamental need, and the work of Haygood-Neal Garden Apartments helps address this need in the Memphis area, contributing to a more inclusive and supportive community for all.
This information is meant to be a general summary of Haygood-Neal Garden 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: $814
- Program Service Revenue: $245,980
- Gross Receipts: $651,233
Assets and Liabilities:
- Total Assets: $856,754
- Total Liabilities: $1,056,225
- Net Assets: -$199,471
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$416,045
VACANCIES APARTMENTS
Revenue
-$170,065
Organization Details
Phone
(615) 259-4332Main Address
4466 ELVIS PRESLEY BLVD, MEMPHIS, TN, 38116
NTEE Category
Code: L21 - Housing
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