Overview
What is Canton Properties Inc?
Canton Properties Inc is a nonprofit organization situated in Lakeway, Texas, specifically at 317 Martinique Pass. Their primary mission is to develop, rehabilitate, or acquire housing for individuals and families with low and very-low income levels. The organization is committed to creating safe and decent living environments in areas with a high concentration of such individuals, ensuring they have access to affordable housing. Their project, a 232-unit apartment complex, is a testament to their dedication to this cause. Canton Properties Inc aims to improve the living conditions of those in need, contributing to the betterment of their communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (56%)
Canton Properties Inc has received a low score of 56% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members and has deficiencies in key areas such as transparency and conflict of interest policies. This rating highlights the need for improvements in governance and oversight to ensure the charity operates effectively and ethically.
Despite its weaknesses, Canton Properties Inc does demonstrate some strengths, particularly in areas related to financial statements and program expenses. The organization scored well for having an audit and oversight committee and for its program expense ratio, suggesting that it allocates its funds effectively towards its mission. However, the overall lack of transparency and independent oversight raises red flags for potential donors.
Potential supporters should be cautious when considering contributions to Canton Properties Inc, given its low rating and areas of concern. Improving board independence and enhancing financial transparency could help build trust and confidence among stakeholders, allowing the organization to better fulfill its mission and attract support.
This AI summary has been generated from information found on Charity Navigator.
Is Canton Properties Inc legitimate?
Canton Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canton Properties 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: $304,923
For more financial information, click here
What is the mission statement of Canton Properties Inc?
Canton Properties Inc is committed to developing, rehabilitating, or acquiring housing for individuals and families with low and very-low income. The organization strives to create a secure and respectable living environment in areas with a high concentration of such individuals, ensuring they have access to safe and affordable housing. The mission of Canton Properties Inc is to contribute to the betterment of these communities by providing decent housing solutions. Currently, they are engaged in a 232-unit apartment project as part of their efforts.
Who is the CEO of Canton Properties Inc?
Robbie Wittner Kitchen is the Principal Officer of Canton Properties Inc.
What is the revenue of Canton Properties Inc?
Canton Properties Inc's revenue in 2022 was $2,672,390.
Who are the executives of Canton Properties Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $173,433
- Other: $184,752
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $117,915
- Other: $18,188
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $127,977
- Other: $168,428
Where can I find the form 990 for Canton Properties Inc?
Canton Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canton Properties Inc
Canton Properties Inc, a nonprofit organization, is committed to developing, rehabilitating, or acquiring housing for individuals and families who fall under the low and very-low income brackets. The organization's mission is to create a safe and decent living environment in areas and communities where such individuals are concentrated. By providing them with affordable housing, Canton Properties Inc aims to enhance their quality of life and contribute to the overall betterment of these communities. The organization's operations focus on direct costs associated with the development, rehabilitation, and management of these housing units. As of now, they are working on a 232-unit apartment project.
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Impact
July, 2024
Canton Properties Inc's impact is significant as it focuses on developing, rehabilitating, and managing housing for low and very-low income individuals. By creating safe and affordable housing options, the organization contributes to improving the living conditions of individuals and families in communities where there is a concentration of low-income residents. This effort not only addresses the immediate need for shelter but also promotes a sense of safety and decency in these areas. Through its dedicated mission, Canton Properties Inc plays a crucial role in supporting vulnerable populations and providing them with a secure and affordable place to call home.
This information is meant to be a general summary of Canton Properties 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: $292
- Program Service Revenue: $2,672,098
- Gross Receipts: $2,672,390
Assets and Liabilities:
- Total Assets: $7,418,846
- Total Liabilities: $12,312,298
- Net Assets: -$4,893,452
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$2,672,098
Organization Details
Founding Year
1999
Phone
(972) 980-0945Principal Officer
Robbie Wittner Kitchen
Main Address
317 MARTINIQUE PASS, LAKEWAY, TX, 78734
NTEE Category
Code: P81 - Human services
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