Overview
What is Theressa James Manor Inc?
Theressa James Manor Inc is a nonprofit organization situated in Little Rock, Arkansas, dedicated to providing low-income housing for elderly individuals. In alignment with the guidelines set by the U.S. Department of Housing and Urban Development, Theressa James Manor Inc offers a safe and supportive living environment for this specific demographic. The organization's primary mission is to ensure the elderly have access to affordable housing, thereby enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star Rating.
Theressa James Manor Inc has received a Two-Star rating from Charity Navigator, reflecting its score of 71% based primarily on Accountability & Finance metrics. The overall rating indicates that the organization meets several financial accountability standards, but there are areas that require improvement. The charity does have a fully independent board and has demonstrated good oversight and financial management practices, such as a high program expense ratio of 90.77%.
Despite these strengths, the organization has notable weaknesses, particularly concerning policy documentation. It lacks a whistleblower policy and a document retention policy, which are crucial for transparency and accountability. Additionally, the charity's liabilities to assets ratio is concerning at 129.18%, indicating potential financial instability or overextension.
Overall, while Theressa James Manor Inc shows promise in its governance and program spending, it should address its policy gaps and financial structure to enhance its rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Theressa James Manor Inc legitimate?
Theressa James Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theressa James Manor 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: $154,647
For more financial information, click here
What is the mission statement of Theressa James Manor Inc?
Theressa James Manor Inc is committed to providing low-income housing options for the elderly, adhering to the guidelines set by the U.S. Department of Housing and Urban Development. Their mission is centered around ensuring that elderly individuals in need have a suitable place to reside, providing them with a sense of security and stability. The organization follows strict guidelines to ensure the housing is affordable and meets the necessary standards for the elderly population. By providing this service, Theressa James Manor Inc aims to contribute positively to the well-being of the elderly community, offering them a dignified living situation.
Who is the CEO of Theressa James Manor Inc?
Michael Harrelson is the President of Theressa James Manor Inc.
What is the revenue of Theressa James Manor Inc?
Theressa James Manor Inc's revenue in 2023 was $894,196.
Who are the executives of Theressa James Manor Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Theressa James Manor Inc?
Theressa James Manor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Theressa James Manor Inc
Theressa James Manor Inc, as a nonprofit organization, is committed to providing low-income housing for the elderly, adhering to guidelines set forth by the U.S. Department of Housing and Urban Development. This mission is a critical service that ensures elderly individuals have access to safe, affordable living spaces, providing them with the necessary support and security during their later years. By adhering to these guidelines, Theressa James Manor Inc ensures that its housing facilities meet the highest standards of quality and safety, ensuring the well-being of its residents. The organization's dedication to this mission is a testament to its commitment to supporting vulnerable communities and promoting the dignity and independence of its elderly residents.
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Impact
July, 2024
Theressa James Manor Inc has a significant impact on the community by providing vital low-income housing for the elderly under the guidelines set forth by the U.S. Department of Housing and Urban Development. By offering this essential service, Theressa James Manor Inc helps to ensure that elderly residents have a safe and comfortable place to call home, promoting their well-being and security. This organization plays a crucial role in addressing the housing needs of vulnerable elderly individuals in the city of Little Rock, AR, fulfilling its mission to support this deserving population.
This information is meant to be a general summary of Theressa James Manor 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 2023.
- Investment Income: -$2,458
- Program Service Revenue: $896,654
- Gross Receipts: $897,348
Assets and Liabilities:
- Total Assets: $2,560,564
- Total Liabilities: $3,307,795
- Net Assets: -$747,231
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$892,390
TENANT CHARGES
Revenue
$3,770
LAUNDRY AND VENDING INCOME
Revenue
$494
Organization Details
Founding Year
1979
Phone
(501) 280-0037Principal Officer
Michael Harrelson
Main Address
8101 INTERSTATE 30 STE A, LITTLE ROCK, AR, 72209
NTEE Category
Code: L22 - Housing
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