Overview
What is Wtc Support Corp?
Wtc Support Corp is a non-profit organization based in Big Spring, Texas, with an address at 409 Runnels St, ZIP code 79720. This organization was established to support and fulfill the functions or carry out the purposes of West Texas Centers for MHMR, a local government unit established under the Texas Health and Safety Code. Specifically, Wtc Support Corp received grant proceeds from West Texas Centers for MHMR and facilitated the New Markets Tax Credit financing for the same organization by making a leverage loan to Twain Investment Fund 441, LLC. In essence, Wtc Support Corp serves as a crucial intermediary in the financial and operational aspects of West Texas Centers for MHMR.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 33%, Zero-Star out of Four Star rating.
Wtc Support Corp has received a low rating of 33% from Charity Navigator, primarily reflecting concerns regarding its accountability and financial practices. While the organization has achieved a perfect score for having an entirely independent board and has no material diversion of assets, significant deficiencies in policies and transparency have negatively impacted its overall evaluation.
The charity scored zero points in several critical areas, including the absence of a website listed on its tax form, a conflict of interest policy, a whistleblower policy, and document retention practices. Additionally, it did not demonstrate any program expenses, leading to a very low program expense ratio. These gaps highlight serious concerns about the organization's governance and transparency.
While the board's independence and the absence of asset diversion signal some positive aspects, the overall lack of essential policies and financial transparency severely undermines the organization's credibility. Potential donors and stakeholders should take these factors into account when considering their support.
This AI summary has been generated from information found on Charity Navigator.
Is Wtc Support Corp legitimate?
Wtc Support Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wtc Support Corp 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
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What is the mission statement of Wtc Support Corp?
The WTC Support Corp is established to fulfill the functions and carry out the purposes of the West Texas Centers for MHMR, a local government unit. In alignment with this, its mission is to perform the necessary duties and achieve the intended goals of the West Texas Centers for MHMR, as mandated by Chapter 534 of the Texas Health and Safety Code. The organization works towards improving the services and facilities provided by the West Texas Centers for MHMR, as demonstrated by its grant proceeds and a leverage loan it provided to Twain Investment Fund 441, LLC for facilitating the New Markets Tax Credit Financing to West Texas Centers for MHMR.
Who is the CEO of Wtc Support Corp?
Jessie Campbell is the Treasurer of Wtc Support Corp.
What is the revenue of Wtc Support Corp?
Wtc Support Corp's revenue in 2022 was $41,832.
Who are the executives of Wtc Support Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wtc Support Corp?
Wtc Support Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wtc Support Corp
The West Texas Center Support Corporation, or WTC Support Corp, was established with the purpose of carrying out the objectives of West Texas Centers for Mental Health and Mental Retardation (MHMR). This organization, a unit of local government, was created for the benefit of West Texas Centers for MHMR.
In a nutshell, WTC Support Corp's mission is to perform the functions and carry out the purposes defined by West Texas Centers for MHMR. This mission is outlined in the Texas Health and Safety Code, Chapter 534. The organization's activities are geared towards supporting West Texas Centers for MHMR in various ways. However, the most notable example of this support was a leverage loan made to Twain Investment Fund 441, LLC to facilitate the New Markets Tax Credit Financing for West Texas Centers for MHMR. This action underscores WTC Support Corp's commitment to aiding West Texas Centers for MHMR in its mission to provide essential mental health care services.
In essence, WTC Support Corp serves as a vital partner to West Texas Centers for MHMR, providing funding and other resources to help the center carry out its mission of providing mental health care services to those in need.
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Impact
June, 2024
Wtc Support Corp's impact lies in its mission to perform the functions of West Texas Centers for MHMR, a vital unit of local government established to address mental health needs in the community. By receiving grant proceeds and leveraging loans to facilitate financing for West Texas Centers for MHMR, Wtc Support Corp plays a crucial role in ensuring that individuals in need of mental health services receive the support and care they require. Through its activities, Wtc Support Corp directly contributes to improving mental health outcomes and access to services in Big Spring, TX.
This information is meant to be a general summary of Wtc Support Corp. 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: $41,832
- Gross Receipts: $41,832
Assets and Liabilities:
- Total Assets: $4,255,527
- Total Liabilities: $0
- Net Assets: $4,255,527
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Organization Details
Founding Year
2020
Phone
(432) 264-4219Principal Officer
Jessie Campbell
Main Address
409 RUNNELS ST, BIG SPRING, TX, 79720
NTEE Category
Code: F11 - Mental health
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