Overview
What is Tanner Terrace Inc?
Tanner Terrace Inc, based in Phoenix, Arizona, is a dedicated nonprofit organization that prioritizes providing affordable housing for low-income elderly residents. With a team of seven dedicated individuals, Tanner Terrace's mission is centered around this core service. The organization operates within the city, offering a home to those who may otherwise struggle with housing costs in their later years. The focus on affordability and support for the elderly community is a testament to Tanner Terrace Inc's commitment to improving living conditions and promoting a sense of security for this demographic.
What are the reviews and ratings of this charity?
79% rating on Charity Navigator indicates that Tanner Terrace Inc is performing well in terms of accountability and finance, earning a Three-Star out of Four Star rating. The score is primarily based on strong governance practices and financial health, reflecting the organization's commitment to transparency and responsible management of resources.
The organization boasts an entirely independent board, which is a significant strength, as it ensures a diverse range of perspectives and minimizes conflicts of interest. Tanner Terrace Inc has established robust policies, including a comprehensive conflict of interest policy, whistleblower policy, and proper document retention procedures, which further enhance its accountability.
Financially, Tanner Terrace Inc shows a high program expense ratio of 82.17%, indicating that a substantial portion of its expenses goes directly to its programs. This focus on programmatic spending is a positive aspect of its operations, although the overall rating suggests there may be areas for improvement to achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Tanner Terrace Inc legitimate?
Tanner Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tanner Terrace 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: $316,668
For more financial information, click here
What is the mission statement of Tanner Terrace Inc?
Tanner Terrace Inc is committed to providing affordable housing for low-income elderly residents. This mission is carried out through their daily activities, which revolve around offering suitable living spaces for this specific demographic. The organization's goal is to make housing accessible, ensuring that elderly individuals with limited income can maintain a decent standard of living. By providing affordable housing, Tanner Terrace Inc plays a crucial role in supporting the well-being and independence of this vulnerable group.
Who is the CEO of Tanner Terrace Inc?
Lc Demon Carey is the Treasurer of Tanner Terrace Inc.
What is the revenue of Tanner Terrace Inc?
Tanner Terrace Inc's revenue in 2023 was $2,524,176.
Who are the executives of Tanner Terrace Inc and what are their salaries?
The average compensation at Tanner Terrace Inc during 2023 was $45,238. There are 7 employees at Tanner Terrace Inc.
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Where can I find the form 990 for Tanner Terrace Inc?
Tanner Terrace Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tanner Terrace Inc
Tanner Terrace Inc, as a nonprofit organization, is dedicated to providing affordable housing for low-income elderly residents. This mission is at the heart of their activities and operations, aimed at ensuring that the elderly community in need has access to suitable living accommodations. By offering affordable housing, Tanner Terrace Inc is not just providing a roof over heads, but is also contributing to the well-being and dignity of its residents, allowing them to live comfortably and with peace of mind. The organization's focus on the elderly demonstrates its commitment to supporting a vulnerable population, ensuring they can age with dignity and independence.
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Impact
July, 2024
Tanner Terrace Inc's impact is significant in providing affordable housing for low-income elderly residents in Phoenix, Arizona. Through its mission to offer housing options that are accessible to those in need, Tanner Terrace Inc contributes to improving the quality of life for seniors who may face financial challenges. This support helps elderly individuals maintain their independence and security in a stable and affordable housing environment.
This information is meant to be a general summary of Tanner Terrace 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: $257
- Program Service Revenue: $1,565,814
- Gross Receipts: $2,524,176
Assets and Liabilities:
- Total Assets: $1,463,961
- Total Liabilities: $1,969,844
- Net Assets: -$505,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$1,565,814
Organization Details
Founding Year
1977
Phone
(602) 243-1036Principal Officer
Lc Demon Carey
Main Address
700 E JEFFERSON STREET SUITE 230, PHOENIX, AZ, 85034
NTEE Category
Code: L22 - Housing
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