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Claiborne Creek Inc

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

EIN: 721296054 ✦ Monroe, LA ✦ Designated as a 501(c)(3)

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Overview

What is Claiborne Creek Inc?

Claiborne Creek Inc is a nonprofit organization situated in Monroe, Louisiana. With a focus on social welfare, they specialize in providing affordable housing solutions for the elderly with extremely low income. Their primary mission is to cater to this specific demographic, aligning with their charitable purpose and serving the community's needs. Claiborne Creek Inc ensures that their services are accessible and beneficial to those in need, thereby making a positive impact in Monroe, LA.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Star rating (67%)

Claiborne Creek Inc has received a "Needs Improvement" rating from Charity Navigator, indicating there are significant areas that require attention. With a score of 67%, the organization demonstrates some strengths, particularly in board independence and financial management. The board is made up entirely of independent members, and the organization has a strong program expense ratio, spending a substantial portion of its budget on programs.

However, several critical limitations have been identified that could hinder the organization's overall effectiveness. Notably, Claiborne Creek Inc has not provided financial statements, which raises concerns about transparency and accountability. Additionally, the absence of key policies such as a conflict of interest policy, whistleblower policy, and guidelines for document retention suggests potential vulnerabilities in governance practices.

Overall, while the organization shows promise in certain financial metrics and governance structure, the lack of essential documents and policies highlights the need for improvement in transparency and operational protocols. Addressing these issues could significantly enhance Claiborne Creek Inc's standing and public trust.


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

Is Claiborne Creek Inc legitimate?

Claiborne Creek Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Claiborne Creek 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: $256,353

For more financial information, click here

What is the mission statement of Claiborne Creek Inc?

Claiborne Creek Inc's mission is centered around providing affordable housing to the elderly with very low-income. This organization carries out its mission by serving those in need, operating units specifically designed for this purpose. In essence, Claiborne Creek Inc strives to make housing accessible for the elderly who may otherwise struggle financially, thereby contributing to their well-being and quality of life.

Who is the CEO of Claiborne Creek Inc?

Joe Farr is the President of Claiborne Creek Inc.

What is the revenue of Claiborne Creek Inc?

Claiborne Creek Inc's revenue in 2022 was $1,619,728.

Who are the executives of Claiborne Creek Inc and what are their salaries?


Here are 9 key members and their salaries:


Patricia Gix (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hal Hinchliffe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gladys Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Taylor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Isaiah Woods (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Farmer (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Farr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loretta Hudson (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Smart (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Claiborne Creek Inc?

Claiborne Creek Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Claiborne Creek Inc

Claiborne Creek Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly with very low-income. This mission is carried out in a practical manner by operating units that cater to this specific demographic. By serving those in need, Claiborne Creek Inc upholds its exempt purpose and contributes to the well-being of its community. The organization's work is centered around providing affordable housing, thereby ensuring the elderly have a secure and dignified living environment.

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Impact




July, 2024

Claiborne Creek Inc's impact is centered around providing affordable housing to the elderly with very low-income in Monroe, LA. By operating units dedicated to this purpose, the organization directly serves and supports those in need within the community. Through its efforts, Claiborne Creek Inc contributes to addressing the housing needs of the elderly population, particularly those with limited financial resources, thereby improving their quality of life and overall well-being.




This information is meant to be a general summary of Claiborne Creek 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
$1,619,728 (2022)
Expenses
$1,923,626 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,616
  • Program Service Revenue: $1,617,112
  • Gross Receipts: $1,619,728

Assets and Liabilities:

  • Total Assets: $11,645,543
  • Total Liabilities: $4,238,220
  • Net Assets: $7,407,323

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Programs

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

RENTAL INCOME

Revenue

$1,605,861

TENANT CHARGES

Revenue

$9,117

MISCELLANEOUS INCOME

Revenue

$2,134

Organization Details

Founding Year

1995

Principal Officer

Joe Farr

Main Address

300 HARRISON STREET, MONROE, LA, 71201

NTEE Category

Code: L20 - Housing

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