Overview
What is Council Groves Apartments Inc?
Council Groves Apartments Inc, located in Missoula, MT, is a nonprofit organization dedicated to offering affordable housing solutions for senior citizens. Their primary mission is to provide low-income accommodation, catering to the retirement home or senior housing needs of the community. This mission is central to their activities and purpose.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Council Groves Apartments Inc has received an 80% rating from Charity Navigator, indicating a strong level of accountability and financial health. The rating is primarily based on the organization's outstanding performance in financial management, with a perfect score in key areas such as independent board governance and financial audits.
The organization boasts a fully independent board, scoring 100% in board member independence, which reflects its commitment to transparency and effective oversight. Additionally, it shows a solid financial structure with a low liabilities to assets ratio of 46.52% and a high program expense ratio of 93.35%, suggesting that most of its resources are directed towards its mission-related activities.
While the organization demonstrates strengths in accountability and financial management, it is important for potential donors and stakeholders to consider a holistic view of its operations and impact beyond these metrics. Overall, Council Groves Apartments Inc appears to be a well-managed nonprofit focused on its mission while maintaining a high standard of financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Council Groves Apartments Inc legitimate?
Council Groves Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council Groves 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: $225,485
For more financial information, click here
What is the mission statement of Council Groves Apartments Inc?
Council Groves Apartments Inc, as a retirement or senior housing program, is committed to providing low-income housing. Their mission is centered around making affordable housing options available for individuals requiring senior housing. By offering such housing, they aim to contribute positively to the community, ensuring that elderly individuals have access to suitable living arrangements despite their financial constraints.
Who is the CEO of Council Groves Apartments Inc?
Unavailable
What is the revenue of Council Groves Apartments Inc?
Council Groves Apartments Inc's revenue in 2023 was $1,008,016.
Who are the executives of Council Groves Apartments Inc and what are their salaries?
The average compensation at Council Groves Apartments Inc during 2023 was $32,212. There are 7 employees at Council Groves Apartments Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Council Groves Apartments Inc?
Council Groves Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Council Groves Apartments Inc
Council Groves Apartments Inc, as a retirement home or senior housing program, is committed to providing low income housing. This mission means that the organization aims to offer affordable living spaces to senior citizens who may have limited financial resources. By providing such housing, Council Groves Apartments Inc contributes to the well-being and comfort of the elderly population, ensuring they can live with dignity in their golden years. This mission is a crucial service, as it addresses the housing needs of a vulnerable group in society, enabling them to maintain their independence and quality of life.
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Impact
July, 2024
Council Groves Apartments Inc's impact is significant in providing low-income housing to seniors in Missoula, MT. By offering affordable housing options, they play a crucial role in ensuring that seniors in the community have a safe and comfortable place to live. This helps alleviate financial burdens and ensures that seniors can maintain a good quality of life during their retirement years. The organization's focus on low-income housing contributes to addressing critical needs in the community and supporting the overall well-being of its senior residents.
This information is meant to be a general summary of Council Groves 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 2023.
- Investment Income: -$560
- Program Service Revenue: $425,549
- Gross Receipts: $1,009,341
Assets and Liabilities:
- Total Assets: $2,492,850
- Total Liabilities: $1,159,820
- Net Assets: $1,333,030
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISC RELATED REVENUES
Revenue
$3,236
TENANT CHARGES
Revenue
$1,038
TENANT LANUDRY SERVICES
Revenue
$4,699
TENANT RENT REVENUES
Revenue
$416,576
Organization Details
Founding Year
1971
Phone
(406) 542-2922Main Address
1904 SOUTH 3RD STREET, MISSOULA, MT, 59801
NTEE Category
Code: L22 - Housing
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