Overview
What is Tyro School Apartments Inc?
Tyro School Apartments Inc, operating under the name HomePlace at Tyro School, is a nonprofit organization situated in Winston-Salem, North Carolina. With a focus on low-income elderly individuals, this organization is dedicated to the development and operation of a 15-unit apartment complex. Their primary mission is to provide affordable and suitable housing for this specific demographic, enhancing their living conditions and promoting self-sufficiency.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Tyro School Apartments Inc has received an 83% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a perfect score for having an entirely independent board and demonstrates strong fiscal health with a low liabilities-to-assets ratio. Notably, 96.41% of its expenses go towards program activities, reflecting a strong commitment to its mission.
However, there are some areas for improvement, as the organization lacks essential policies such as a conflict of interest and whistleblower policy, which points to potential governance weaknesses. While the documentation practices, such as retaining board meeting minutes, are commendable, the absence of these policies may raise concerns regarding transparency and accountability in decision-making processes.
Overall, while Tyro School Apartments Inc shows strong financial health and responsible use of donor funds, it would benefit from enhancing its governance framework to ensure comprehensive accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Tyro School Apartments Inc legitimate?
Tyro School Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tyro School 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 Tyro School Apartments Inc?
Tyro School Apartments Inc is dedicated to the development and operation of affordable housing for elderly individuals. Specifically, they have constructed a 15-unit apartment complex aimed at providing suitable living spaces for this demographic with limited income. The organization's primary focus is on ensuring the elderly have access to comfortable and affordable housing, thereby improving their overall quality of life. This commitment to developing low-income housing for the elderly is a testament to Tyro School Apartments Inc's dedication to supporting vulnerable communities.
Who is the CEO of Tyro School Apartments Inc?
Tammy Vernon is the President of Tyro School Apartments Inc.
What is the revenue of Tyro School Apartments Inc?
Tyro School Apartments Inc's revenue in 2022 was $131,333.
Who are the executives of Tyro School Apartments Inc and what are their salaries?
There 5 volunteers at Tyro School Apartments Inc.
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Tyro School Apartments Inc?
Tyro School Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tyro School Apartments Inc
Tyro School Apartments Inc is dedicated to the development and operation of a 15-unit apartment complex specifically catering to low-income elderly individuals. Their mission is to provide affordable housing solutions for this demographic, ensuring they have a secure and comfortable living environment. The organization's primary activity revolves around the development and management of this housing complex, ensuring it meets the unique needs of its elderly residents. By offering such a service, Tyro School Apartments Inc contributes to the well-being and independence of elderly individuals, allowing them to maintain their dignity and quality of life.
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Impact
October, 2024
Tyro School Apartments Inc plays a crucial role in addressing the housing needs of low-income elderly individuals in Winston-Salem, NC. By developing and operating a 15-unit apartment complex specifically designed for this demographic, the organization provides essential, affordable living spaces that promote stability and independence for seniors.
The impact of the apartments goes beyond mere shelter; they foster a sense of community among residents, reducing isolation and enhancing the quality of life. Access to stable housing allows elderly individuals to better manage their resources while maintaining their dignity and autonomy. Furthermore, the presence of dedicated low-income housing contributes to the overall well-being of the community by supporting its elderly population and addressing critical housing shortages.
This information is meant to be a general summary of Tyro School 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: $9
- Program Service Revenue: $47,317
- Gross Receipts: $131,333
Assets and Liabilities:
- Total Assets: $1,443,479
- Total Liabilities: $14,313
- Net Assets: $1,429,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$47,074
LAUNDRY AND VENDING
Revenue
$243
Organization Details
Founding Year
2010
Phone
(336) 765-3906Principal Officer
Tammy Vernon
Main Address
2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC, 27127
NTEE Category
Code: L21 - Housing
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