Overview
What is Cedar Ridge Apartments Inc?
Cedar Ridge Apartments Inc is a nonprofit organization situated in Melbourne, Arkansas, with a specific focus on providing housing solutions. They offer 12 units of accommodation, primarily catering to the elderly and individuals with disabilities. The organization's mission is to facilitate housing for low-income families, utilizing federal assistance as a means to make their services more accessible. They strive to contribute positively to the community by providing affordable housing options, thereby enhancing the quality of life for their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
Cedar Ridge Apartments Inc has received a Two-Star rating from Charity Navigator, reflecting a moderate level of performance in accountability and finance. The organization scored 73% overall, with this score derived solely from its accountability and finance metrics. This rating highlights an emphasis on financial transparency and responsible management.
The nonprofit demonstrates several strengths, including having a fully independent board of directors, with 10 out of 10 points awarded for independent board members. The organization also has a strong program expense ratio of 77.56%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, there are no reported material diversions of assets, further underscoring its financial integrity.
Despite these positives, a Two-Star rating suggests there may be areas for improvement. Although the organization holds a stable liabilities to assets ratio of 2.50%, the overall rating indicates that stakeholders may want to consider further transparency or performance metrics to enhance the organization’s standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Ridge Apartments Inc legitimate?
Cedar Ridge Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Ridge Apartments 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: $0
For more financial information, click here
What is the mission statement of Cedar Ridge Apartments Inc?
Cedar Ridge Apartments Inc's mission is centered around providing housing assistance to families with low income. Specifically, they aim to offer housing facilities with federal funding. Their primary objective is to cater to the needs of elderly and disabled individuals. As of currently, they have successfully provided 12 such housing units. The organization's focus is on ensuring affordable housing solutions for those who require it the most.
Who is the CEO of Cedar Ridge Apartments Inc?
Katy Blevins is the Past Preside of Cedar Ridge Apartments Inc.
What is the revenue of Cedar Ridge Apartments Inc?
Cedar Ridge Apartments Inc's revenue in 2022 was $63,512.
Who are the executives of Cedar Ridge Apartments Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cedar Ridge Apartments Inc?
Cedar Ridge Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cedar Ridge Apartments Inc
Cedar Ridge Apartments Inc is a nonprofit organization dedicated to providing housing assistance to low-income families. Their mission, in simple terms, is to offer a home to those who require federal aid. Specifically, they have provided 12 units of housing for the elderly and disabled, demonstrating their commitment to catering to vulnerable populations within their housing provision. By offering a place to live, Cedar Ridge Apartments Inc contributes to the stability and well-being of these families, providing them with a basic necessity that is often a challenge for low-income individuals.
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Impact
August, 2024
Cedar Ridge Apartments Inc provides vital housing support with federal assistance to low-income families in Melbourne, Arkansas. Specifically, they offer 12 units of housing for the elderly and disabled individuals, making a tangible impact on the lives of those in need within the community. By ensuring access to safe and affordable housing, Cedar Ridge Apartments Inc plays a crucial role in addressing housing insecurity and improving the quality of life for vulnerable populations in the area.
This information is meant to be a general summary of Cedar Ridge Apartments 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: $36
- Program Service Revenue: $45,102
- Gross Receipts: $63,512
Assets and Liabilities:
- Total Assets: $522,932
- Total Liabilities: $9,515
- Net Assets: $513,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DWELLING RENT
Revenue
$45,102
Organization Details
Founding Year
2002
Phone
(870) 368-5200Principal Officer
Katy Blevins
Main Address
PO BOX 650, MELBOURNE, AR, 725560650
NTEE Category
Code: L20 - Housing
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