Overview
What is Mounds Senior Citizens Inc?
Mounds Senior Citizens Inc, doing business as Sunset Village, is a nonprofit organization situated in Mounds, Oklahoma. Their primary mission is to provide affordable housing for low-income elderly individuals, with a 46-unit apartment complex constructed under the Housing Act of 1949. This apartment complex is regulated by both HUD and USDA. Furthermore, the organization runs a nutrition center, offering additional support to its residents. With a small team of two employees, Mounds Senior Citizens Inc strives to enhance the living conditions and well-being of the elderly population in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Mounds Senior Citizens Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and finance management. The overall score reflects strong performance in various governance aspects, particularly in maintaining an independent board and having no material diversions of assets. The organization boasts a high program expense ratio of 98.98%, suggesting that nearly all of its expenditures are directed toward its mission.
The charity is noted for its comprehensive policies, such as conflict of interest, whistleblower, and document retention policies, all of which have received maximum points. The board is entirely independent, which enhances its governance structure and decision-making processes. Such factors contribute positively to the organization's credibility and reliability in managing its resources effectively.
While the charity has demonstrated strong financial accountability, there may be opportunities for improvement in areas beyond finance that could enhance its overall impact. The focus on governance is commendable, but feedback regarding program effectiveness or community impact has not been highlighted in this assessment. Overall, Mounds Senior Citizens Inc presents itself as a trustworthy nonprofit committed to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Mounds Senior Citizens Inc legitimate?
Mounds Senior Citizens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mounds Senior Citizens 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: $42,004
For more financial information, click here
What is the mission statement of Mounds Senior Citizens Inc?
Mounds Senior Citizens Inc, as an organization, is dedicated to serving low-income elderly individuals. They accomplish this by operating a 46-unit apartment complex, constructed under Section 515 of the Housing Act of 1949, which is regulated by both HUD and USDA. In addition to providing housing, they also operate a nutrition center. The mission of Mounds Senior Citizens Inc is to provide a secure living environment and essential services to support the well-being of its elderly residents, enabling them to maintain their independence and dignity.
Who is the CEO of Mounds Senior Citizens Inc?
Billy Chilcoat is the President of Mounds Senior Citizens Inc.
What is the revenue of Mounds Senior Citizens Inc?
Mounds Senior Citizens Inc's revenue in 2022 was $474,516.
Who are the executives of Mounds Senior Citizens Inc and what are their salaries?
The average compensation at Mounds Senior Citizens Inc during 2022 was $21,002. There are 2 employees at Mounds Senior Citizens Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Mounds Senior Citizens Inc?
Mounds Senior Citizens Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mounds Senior Citizens Inc
Mounds Senior Citizens Inc, a nonprofit organization, is dedicated to serving the needs of low-income elderly individuals. Established under Section 515 of the Housing Act of 1949, this organization manages a 46-unit apartment complex, which is subject to regulation by both HUD and USDA. Beyond providing housing, Mounds Senior Citizens Inc also operates a nutrition center, offering essential support to its residents. The mission of Mounds Senior Citizens Inc is to create a secure and nurturing environment where elderly individuals can live with dignity, maintaining their independence while benefiting from the community resources it offers.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Mounds Senior Citizens Inc provides essential housing to low-income elderly individuals in Mounds, Oklahoma through its 46-unit apartment complex. This organization's impact is significant as it offers a safe and affordable living option for seniors who may have limited resources. Additionally, the presence of a nutrition center within the complex contributes to the well-being of residents, ensuring they have access to healthy meals and social interaction. Through its dedication to affordable housing and care for the elderly, Mounds Senior Citizens Inc positively impacts the lives of the seniors it serves.
This information is meant to be a general summary of Mounds Senior Citizens 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 2022.
- Investment Income: $455
- Program Service Revenue: $118,243
- Gross Receipts: $474,516
Assets and Liabilities:
- Total Assets: $828,738
- Total Liabilities: $1,153,366
- Net Assets: -$324,628
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$84,195
Service Income
Revenue
$3,201
Nutrition Center
Revenue
$30,847
Organization Details
Founding Year
1977
Principal Officer
Billy Chilcoat
Main Address
1311 Commercial Ave, Mounds, OK, 74047
NTEE Category
Code: L22 - Housing
If you are a representative of Mounds Senior Citizens Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.