Overview
What is Union Acres Trust?
Union Acres Trust is a nonprofit organization situated in Beaumont, Texas, dedicated to the rehabilitation of housing. Their primary mission is to provide affordable living accommodations, as indicated by their focus on a "low rent housing project." The organization's work enhances the local community by offering affordable housing options to its residents.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Union Acres Trust has received a solid rating of 83%, reflecting strong performance in accountability and finance. This score is derived entirely from their accountability and finance metrics, indicating a focus on responsible fiscal management and transparency. The organization has achieved a perfect score in several categories, including having an entirely independent board and maintaining appropriate governance policies.
Strengths highlighted in the evaluation include the absence of material diversion of assets and a high program expense ratio, which suggests that nearly all funds are used for programs rather than administrative costs. The organization also scores well for its whistleblower and conflict of interest policies, emphasizing its commitment to ethical practices and transparency.
However, a notable limitation is the liabilities to assets ratio, which stands at 68.45%. This may raise concerns about the financial stability of the organization. Overall, while Union Acres Trust exhibits commendable governance and financial practices, stakeholders should consider the implications of its liabilities when assessing its overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Union Acres Trust legitimate?
Union Acres Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Acres Trust 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: $10,747
For more financial information, click here
Official website here: www.none
What is the mission statement of Union Acres Trust?
Union Acres Trust is dedicated to carrying out a low-income housing project. This nonprofit organization aims to provide affordable housing solutions, contributing to the betterment of the community. By focusing on housing rehabilitation, Union Acres Trust works towards making housing accessible and affordable for individuals who may otherwise struggle to secure suitable living arrangements. Their mission is centered around this low-income housing project, seeking to make a positive impact on the lives of those in need.
Official website here: www.none
Who is the CEO of Union Acres Trust?
Donald Ball is the Trustee of Union Acres Trust.
Official website here: www.none
What is the revenue of Union Acres Trust?
Union Acres Trust's revenue in 2022 was $98,148.
Official website here: www.none
Who are the executives of Union Acres Trust and what are their salaries?
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
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Union Acres Trust
Union Acres Trust is a dedicated nonprofit organization with a primary focus on housing rehabilitation. Its mission, in simple terms, is to provide affordable housing solutions. This mission is encapsulated in the statement, "Low rent housing project," which underscores Union Acres Trust's commitment to making housing accessible and affordable for all, regardless of their financial circumstances. The organization works tirelessly to improve living conditions and provide a decent place to live for those in need.
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Impact
October, 2024
Union Acres Trust significantly impacts the Beaumont, TX community by providing affordable housing options through its low rent housing project. By focusing on housing rehabilitation, the trust helps improve the living conditions for residents, making safe and decent housing more accessible. This initiative not only addresses the immediate need for affordable homes but also fosters community stability and enhances the overall quality of life for individuals and families facing economic challenges. The work of Union Acres Trust contributes to the revitalization of neighborhoods and promotes social equity within the region.
This information is meant to be a general summary of Union Acres Trust. 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: $496
- Program Service Revenue: $97,154
- Gross Receipts: $98,148
Assets and Liabilities:
- Total Assets: $5,103,603
- Total Liabilities: $3,494,362
- Net Assets: $1,609,241
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$77,112
SUBSIDY PAYMENTS
Revenue
$20,042
Organization Details
Founding Year
1969
Phone
(409) 833-8947Principal Officer
Donald Ball
Main Address
1390 BROADWAY STREET, BEAUMONT, TX, 77701
Website
www.noneNTEE Category
Code: L20 - Housing
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