Overview
What is Travis Towers Inc?
Travis Towers Inc is a nonprofit organization situated in Waco, Texas, specializing in providing affordable housing for the elderly. The organization operates an elderly high-rise apartment complex, featuring 87 rental units. Financed by HUD Section 202 funding, these units are primarily intended for low-income individuals. Moreover, most tenants are eligible for Section 8 rental assistance, further assisting with their housing expenses. Travis Towers Inc's primary mission is to ensure that elderly residents have access to safe and affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Travis Towers Inc has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 82%. This rating indicates that the organization adheres to good governance practices and maintains financial stability. The score is based solely on its accountability and finance metrics, which showcases the organization’s commitment to transparency and effective management.
Strengths of Travis Towers Inc include its fully independent board, which received top marks for both the majority of independent board members and the size of the board. The organization also excels in its financial oversight, with a perfect score in its audit and oversight committee, and it has effectively documented board meeting minutes. Additionally, the organization demonstrates a strong program expense ratio of 88.21%, indicating that the majority of its resources are allocated toward its programs rather than administrative costs.
However, despite these strengths, the rating is limited to a single beacon score based solely on accountability and finance, which may overlook other important aspects of the organization’s overall effectiveness and impact. Nonetheless, Travis Towers Inc demonstrates a commendable level of fiscal responsibility and governance, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Travis Towers Inc legitimate?
Travis Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Travis Towers 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: $116,625
For more financial information, click here
What is the mission statement of Travis Towers Inc?
Travis Towers Inc is committed to providing low-income housing solutions. They achieve this through the operation of an elderly high-rise apartment complex, which houses 87 units. The funding for these units comes from the HUD Section 202 program. The majority of tenants in this complex benefit from Section 8 rental assistance, making housing more affordable for them. This organization's mission is centered around offering a living space for individuals with limited financial means, promoting affordable housing options.
Who is the CEO of Travis Towers Inc?
Ellan Johnson is the Vice Chairma of Travis Towers Inc.
What is the revenue of Travis Towers Inc?
Travis Towers Inc's revenue in 2022 was $886,964.
Who are the executives of Travis Towers Inc and what are their salaries?
The average compensation at Travis Towers Inc during 2022 was $38,875. There are 3 employees at Travis Towers Inc.
Here are 4 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
Where can I find the form 990 for Travis Towers Inc?
Travis Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Travis Towers Inc
Travis Towers Inc, a nonprofit organization, is dedicated to providing low-income housing solutions. Specifically, they operate an elderly high-rise apartment complex, offering 87 rental units. Financed by HUD Section 202 funding, the majority of tenants in this complex benefit from Section 8 rental assistance. This initiative by Travis Towers Inc aims to provide affordable housing options for those in need, thereby contributing to the well-being of the community.
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Impact
July, 2024
Travis Towers Inc's impact is profound in providing low-income housing to elderly individuals in Waco, TX. Through its high-rise apartment complex, Travis Towers offers 87 rental units financed by HUD Section 202 funding. Most tenants also benefit from Section 8 rental assistance, ensuring they have access to affordable housing. By offering safe and affordable housing options, Travis Towers Inc positively impacts the lives of elderly individuals in need, providing them with a sense of security and stability in their living arrangements.
This information is meant to be a general summary of Travis Towers 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: $1,236
- Program Service Revenue: $879,171
- Gross Receipts: $886,964
Assets and Liabilities:
- Total Assets: $1,180,023
- Total Liabilities: $60,196
- Net Assets: $1,119,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$684,445
TENANT RENTAL CHARGES
Revenue
$194,726
Organization Details
Phone
(903) 586-7681Principal Officer
Ellan Johnson
Main Address
3135 FRANKLIN AVENUE, WACO, TX, 76710
NTEE Category
Code: L22 - Housing
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