West Carroll Elderly Housing Inc

White Oaks Terrace Apartments

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 721014869 ✦ Oak grove, LA ✦ Designated as a 501(c)(3)

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Overview

What is West Carroll Elderly Housing Inc?

West Carroll Elderly Housing Inc., based in Oak Grove, Louisiana, is a nonprofit organization that specializes in providing affordable housing for the elderly. Operating under Section 202/Section 8 of the National Housing Act, the organization manages a 54-unit apartment complex. Their mission is to offer low-income housing options for senior citizens, maintaining an occupancy rate of 94%. The project, known as White Oaks Terrace Apartments, serves as a vital resource for the elderly community in the area.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, Score: 67%)

West Carroll Elderly Housing Inc has received a two-star rating from Charity Navigator, indicating areas where the organization needs to improve. While the organization shows strong governance in terms of independent board members and financial oversight, it faces challenges with its liabilities surpassing its assets, which raises financial stability concerns.

The organization excels in program expense efficiency, with an impressive program expense ratio of 87.37%. This suggests that a substantial portion of its funds directly supports its mission. However, the absence of essential policies, such as conflict of interest, whistleblower, and document retention policies, reflects gaps in governance and risk management practices.

Overall, while West Carroll Elderly Housing Inc demonstrates commitment to its mission with high program spending, the financial health and governance practices need significant improvement to ensure long-term sustainability and accountability to stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is West Carroll Elderly Housing Inc legitimate?

West Carroll Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Carroll Elderly Housing 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: $86,956

For more financial information, click here

What is the mission statement of West Carroll Elderly Housing Inc?

West Carroll Elderly Housing Inc is dedicated to providing low-income housing for the elderly. They operate under Section 202 and Section 8 of the National Housing Act, ensuring that elderly individuals have access to suitable housing. The 54-unit complex they manage is maintained at an occupancy rate of 94%. While the mission statement itself is not explicitly stated, the organization's actions clearly demonstrate their commitment to supporting the elderly by providing them with affordable housing options.

Who is the CEO of West Carroll Elderly Housing Inc?

Sherry Hamilton is the President of West Carroll Elderly Housing Inc.

What is the revenue of West Carroll Elderly Housing Inc?

West Carroll Elderly Housing Inc's revenue in 2022 was $467,951.

Who are the executives of West Carroll Elderly Housing Inc and what are their salaries?

There 6 volunteers at West Carroll Elderly Housing Inc.


Here are 6 key members and their salaries:


Sherry Hamilton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Hendrix (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Horton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert Howard (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cherry Rye (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Whatley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for West Carroll Elderly Housing Inc?

West Carroll Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of West Carroll Elderly Housing Inc

West Carroll Elderly Housing Inc is dedicated to providing low-income housing for the elderly community. Operating under Section 202 and Section 8 of the National Housing Act, this nonprofit organization offers a 54-unit apartment complex as a sanctuary for the elderly population. The project's primary goal is to ensure that elderly individuals have access to affordable housing, thereby enhancing their quality of life. With an occupancy rate consistently maintaining at 94%, West Carroll Elderly Housing Inc is committed to fulfilling its mission and meeting the needs of its elderly residents.

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Impact




July, 2024

West Carroll Elderly Housing Inc provides a vital service by offering affordable housing for low-income elderly individuals in Oak Grove, Louisiana. The 54-unit apartment complex operated under Section 202/Section 8 of the National Housing Act plays a crucial role in meeting the housing needs of this vulnerable population. With an impressive occupancy rate of 94%, the organization effectively fulfills its mission of providing safe and comfortable living spaces for elderly residents in the community. By offering stable housing options, West Carroll Elderly Housing Inc positively impacts the lives of elderly individuals, ensuring they have a supportive environment to call home.




This information is meant to be a general summary of West Carroll Elderly Housing 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.

Revenue
$467,951 (2022)
Expenses
$447,011 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $499
  • Program Service Revenue: $151,550
  • Gross Receipts: $467,951

Assets and Liabilities:

  • Total Assets: $1,019,977
  • Total Liabilities: $1,091,069
  • Net Assets: -$71,092

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$151,550

Organization Details

Founding Year

1984

Principal Officer

Sherry Hamilton

Main Address

PO BOX 1199, OAK GROVE, LA, 71263

NTEE Category

Code: L22 - Housing

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