Overview
What is Natchitoches-Thomas Apts Inc?
Natchitoches-Thomas Apts Inc is a nonprofit organization situated in Natchitoches, Louisiana. Their primary mission is to provide affordable housing units for low-income individuals within the Natchitoches area. The organization operates by renting multi-family apartment housing units to qualified tenants who meet the income eligibility criteria. With a team of 13 dedicated employees, Natchitoches-Thomas Apts Inc strives to contribute positively to the local community by offering housing solutions for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Natchitoches-Thomas Apts Inc has received a 67% rating from Charity Navigator, indicating a Two-Star classification. This score emphasizes the charity's accountability and financial management, reflecting a solid performance in several key areas such as independent board governance and the documentation of board meeting minutes. The charity achieved full marks for its independent board members and its program expense ratio, which suggests a strong commitment to using funds effectively towards its mission.
However, the organization faces significant challenges, particularly regarding its liabilities to assets ratio, which stands at 218.80%. This high ratio raises concerns about financial stability and sustainability, as it indicates the organization may be over-leveraged. While the charity demonstrates strengths in governance and program expenses, its financial health as indicated by this ratio could be a limitation for potential donors and stakeholders.
Overall, while Natchitoches-Thomas Apts Inc shows commendable governance practices and a commitment to its programs, the financial stability aspect requires attention. Prospective donors may want to consider this balance when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Natchitoches-Thomas Apts Inc legitimate?
Natchitoches-Thomas Apts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Natchitoches-Thomas Apts 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: $200,639
For more financial information, click here
What is the mission statement of Natchitoches-Thomas Apts Inc?
Natchitoches-Thomas Apts Inc is committed to providing multi-family apartment housing units to eligible low-income tenants. This organization's mission is to make a significant contribution in the realm of affordable housing. By offering rental units, they aim to contribute to the well-being of individuals with limited financial resources. The primary activity of Natchitoches-Thomas Apts Inc is centered around providing a residential solution for those in need, thereby promoting a more equitable living situation for these individuals.
Who is the CEO of Natchitoches-Thomas Apts Inc?
Unavailable
What is the revenue of Natchitoches-Thomas Apts Inc?
Natchitoches-Thomas Apts Inc's revenue in 2023 was $902,510.
Who are the executives of Natchitoches-Thomas Apts Inc and what are their salaries?
The average compensation at Natchitoches-Thomas Apts Inc during 2023 was $15,434. There are 13 employees at Natchitoches-Thomas Apts Inc.
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 Natchitoches-Thomas Apts Inc?
Natchitoches-Thomas Apts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Natchitoches-Thomas Apts Inc
Natchitoches-Thomas Apts Inc, as a nonprofit organization, is committed to providing multi-family apartment housing units to eligible low-income tenants in a descriptive manner. Their mission is centered around offering affordable housing options, serving as a vital resource for individuals and families who may not have access to such accommodations otherwise. By doing so, Natchitoches-Thomas Apts Inc plays a significant role in enhancing living conditions and promoting a sense of stability for its residents. The organization's mission is deeply rooted in the belief that everyone deserves a safe and comfortable place to call home, regardless of their financial circumstances.
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Impact
July, 2024
Natchitoches-Thomas Apts Inc provides crucial affordable housing solutions to low-income individuals and families in the Natchitoches, Louisiana area. By offering rental opportunities for multi-family apartment units to eligible tenants, this organization directly addresses the pressing need for accessible housing options in the community. Through their mission, Natchitoches-Thomas Apts Inc contributes to enhancing the quality of life for those in need by providing a safe and stable living environment. This impact extends beyond just shelter, as having affordable housing can positively influence various aspects of tenants' lives, such as financial stability, access to education and healthcare, and overall well-being.
This information is meant to be a general summary of Natchitoches-Thomas Apts 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: $49
- Program Service Revenue: $143,344
- Gross Receipts: $902,510
Assets and Liabilities:
- Total Assets: $1,318,563
- Total Liabilities: $2,885,031
- Net Assets: -$1,566,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS
Revenue
$5,828
RENT INCOME
Revenue
$132,462
TENANT CHARGES
Revenue
$5,054
Organization Details
Founding Year
1981
Phone
(318) 357-5701Main Address
500 NORTH ST, NATCHITOCHES, LA, 71457
NTEE Category
Code: L20Z - Housing
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