Overview
What is Elite Choice Properties Inc?
Elite Choice Properties Inc is a nonprofit organization situated in Milledgeville, Georgia. Their primary mission is to provide housing under the Multi-Family Program administered by the U.S. Department of Housing and Urban Development (HUD). This property, housing 149 family units, underwent a transformation from HUD's Public Housing Program to the Multi-Family Program through HUD's Rental Assistance Demonstration (RAD) Program. This transition aims to enhance the living conditions and services offered to its residents.
Official website here: www.mhahomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Elite Choice Properties Inc has received a Two-Star rating from Charity Navigator, indicating a moderate performance in terms of accountability and financial health. The overall score is derived entirely from the Accountability & Finance category, where the organization scored 73%. While it demonstrates strong governance features such as having an entirely independent board and well-audited financial statements, there are notable gaps in its policies regarding conflict of interest and whistleblower protections.
The organization excels in several areas, scoring full points for its independent board members and financial statement audits, which reflects a commitment to transparency and sound financial practices. Additionally, it maintains a high program expense ratio of 95.19%, indicating that a significant portion of its resources is directed towards its mission-related activities.
However, the rating highlights some areas for improvement. The lack of a conflict of interest policy and a whistleblower policy raises concerns about governance practices. Furthermore, the liabilities to assets ratio of 82.16% may indicate potential financial risk, suggesting that the organization might be overleveraged relative to its assets. Addressing these vulnerabilities could enhance its overall rating and strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Elite Choice Properties Inc legitimate?
Elite Choice Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elite Choice 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: $78,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,489
For more financial information, click here
Official website here: www.mhahomes.org
What is the mission statement of Elite Choice Properties Inc?
Elite Choice Properties Inc's primary mission is centered around providing housing under the Multi-Family Program, as facilitated by the U.S. Department of Housing and Urban Development (HUD). This property, consisting of 149 family units, underwent a transformation from HUD's Public Housing Program to the Multi-Family Program, through HUD's Rental Assistance Demonstration (RAD) program. The organization's mission focuses on offering housing solutions, aiming to contribute positively to the lives of families in need.
Official website here: www.mhahomes.org
What is the revenue of Elite Choice Properties Inc?
Elite Choice Properties Inc's revenue in 2023 was $841,984.
Official website here: www.mhahomes.org
Who are the executives of Elite Choice Properties Inc and what are their salaries?
The average compensation at Elite Choice Properties Inc during 2023 was $79,298. There are 2 employees at Elite Choice Properties Inc.
Here are 6 key members and their salaries:
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Official website here: www.mhahomes.org
Where can I find the form 990 for Elite Choice Properties Inc?
Elite Choice Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mhahomes.org
Learn more at the official website: www.mhahomes.org
Mission Statement of Elite Choice Properties Inc
Elite Choice Properties Inc, following its transition from HUD's Public Housing Program, now operates under HUD's Multi-Family Program. The organization's primary mission is to provide housing for families, with the property comprising 149 family units. This transformation took place through HUD's Rental Assistance Demonstration (RAD) Program, indicating a commitment to providing sustainable housing solutions.
In essence, Elite Choice Properties Inc has shifted its focus to cater to the housing needs of families within the Multi-Family Program, aiming to provide a safe and comfortable living environment for its residents. The transition to this program under HUD's RAD demonstrates the organization's dedication to enhancing its services and adapting to new housing policies and regulations. By operating within HUD's Multi-Family Program, Elite Choice Properties Inc is now able to provide a more diverse range of housing options for families, promoting stability and community within its units.
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Impact
July, 2024
Elite Choice Properties Inc has a significant impact in Milledgeville, Georgia, by providing housing under HUD's multi-family program. The organization manages a property consisting of 149 family units that were transitioned from HUD's public housing program to the multi-family program under HUD's RAD program. This initiative directly addresses the critical need for affordable housing in the community, offering stable and secure living arrangements for numerous families. By facilitating this transition and managing the property effectively, Elite Choice Properties Inc plays a vital role in supporting the well-being and housing stability of residents in Milledgeville.
This information is meant to be a general summary of Elite Choice 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 2023.
- Investment Income: $3,953
- Program Service Revenue: $235,203
- Gross Receipts: $841,984
Assets and Liabilities:
- Total Assets: $4,619,234
- Total Liabilities: $3,795,439
- Net Assets: $823,795
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$235,203
Organization Details
Founding Year
2016
Principal Officer
Carrie C Jarrett
Website
www.mhahomes.orgNTEE Category
Code: L20 - Housing
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