Overview
What is Azalea Terrace Inc?
Azalea Terrace Inc. is a nonprofit organization situated in Muskogee, Oklahoma. Its primary mission is to provide elderly housing, funded through the Section 202 program administered by the Department of Housing and Urban Development. This program enables Azalea Terrace Inc. to own, maintain, and operate elderly housing facilities in Muskogee, offering a supportive living environment for seniors. Their focus on elderly housing is essential in catering to the unique needs and requirements of the elderly community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
Azalea Terrace Inc received a two-star rating from Charity Navigator, indicating that there are several areas for improvement. With an overall score of 72%, the organization shows strengths in its accountability and financial management, particularly with an excellent program expense ratio of 83.87%. This suggests that a high percentage of their expenses are directed towards their programs rather than administrative costs.
The organization boasts a fully independent board of directors, scoring 10 out of 10 points, and adheres to strong policies regarding conflicts of interest and document management. However, it faces significant challenges in its financial health, as indicated by a liabilities to assets ratio of 165.61%, which raises concerns about its financial sustainability and ability to meet obligations in the long term.
Overall, while Azalea Terrace Inc demonstrates effective governance and program spending, the financial liabilities highlight a need for improved management strategies to enhance its stability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Azalea Terrace Inc legitimate?
Azalea Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Azalea Terrace 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: $15,980
For more financial information, click here
What is the mission statement of Azalea Terrace Inc?
Azalea Terrace Inc's mission is centered around providing elderly housing. This mission is facilitated through the Section 202 program, which is supported by the Department of Housing and Urban Development. The organization's purpose is to own, manage, and operate this housing program, aiming to provide a suitable living environment for the elderly. The goal is to enhance the quality of life for elderly individuals, ensuring they have a secure and supportive place to reside.
Who is the CEO of Azalea Terrace Inc?
Blake Farris is the Executive Director of Azalea Terrace Inc.
What is the revenue of Azalea Terrace Inc?
Azalea Terrace Inc's revenue in 2022 was $82,268.
Who are the executives of Azalea Terrace Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $114,966
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Azalea Terrace Inc?
Azalea Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Azalea Terrace Inc
Azalea Terrace Inc, as a nonprofit organization, is dedicated to providing elderly housing. This mission is facilitated through the Section 202 program, which is overseen by the Department of Housing and Urban Development. In simpler terms, Azalea Terrace Inc's role is to own, manage, and operate a housing program specifically designed for the elderly. This program, known as the HUD Section 202 Program, is an essential resource for elderly individuals, providing them with a safe and secure living environment. The organization's primary focus is on ensuring the well-being and comfort of its elderly residents, making Azalea Terrace Inc an invaluable resource in the community.
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Impact
October, 2024
Azalea Terrace Inc plays a crucial role in addressing the housing needs of the elderly in Muskogee, Oklahoma. By owning, maintaining, and operating a housing program funded through the Section 202 program by the Department of Housing and Urban Development (HUD), it provides safe and affordable living options for seniors. This program specifically targets the elderly population, ensuring they have access to quality housing that caters to their unique needs.
The organization significantly impacts the community by creating a supportive living environment that enhances the quality of life for its residents. By facilitating access to affordable housing, Azalea Terrace Inc helps alleviate the financial burdens often faced by seniors, enabling them to focus on their well-being and social engagement. Through its commitment to maintaining these housing facilities, it fosters a sense of community among residents, promoting social interaction and reducing isolation.
In summary, Azalea Terrace Inc is instrumental in improving the living conditions of elderly individuals in Muskogee, thereby contributing to the overall health and vibrancy of the community.
This information is meant to be a general summary of Azalea Terrace 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: $59
- Program Service Revenue: $66,948
- Gross Receipts: $82,268
Assets and Liabilities:
- Total Assets: $907,918
- Total Liabilities: $1,442,030
- Net Assets: -$534,112
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dwelling Rent
Revenue
$64,339
Misc. Tenant Charges
Revenue
$2,609
Organization Details
Founding Year
2004
Phone
(918) 687-6301Principal Officer
Blake Farris
Main Address
PO Box 1471, Muskogee, OK, 74402
NTEE Category
Code: L22 - Housing
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