College Town Apartments

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 941665562 ✦ Sacramento, CA ✦ Designated as a 501(c)(3)

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Overview

What is College Town Apartments?

College Town Apartments is a nonprofit organization situated in Sacramento, California, specifically at 1561 Response Road. Their primary mission is to offer affordable housing options for college students and their families, catering to their low-income needs. The organization's activities are centered around providing low-income housing, ensuring that higher education is more accessible to a wider range of individuals.

Is College Town Apartments legitimate?

College Town Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Town Apartments 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: $246,748

For more financial information, click here

What is the mission statement of College Town Apartments?

College Town Apartments is committed to providing low-income housing options for college students and their families. This mission is carried out by offering suitable living spaces that cater to their specific financial circumstances. The organization's primary goal is to make higher education more accessible by alleviating some of the financial burdens associated with housing. By doing so, they aim to support the educational aspirations of numerous individuals and families, thereby contributing to the broader community. While not directly involved in academic or educational programs, College Town Apartments plays a crucial role in enabling students to focus on their studies, unburdened by excessive housing costs.

Who is the CEO of College Town Apartments?

Doug Pope is the President of College Town Apartments.

What is the revenue of College Town Apartments?

College Town Apartments's revenue in 2022 was $2,509,478.

Who are the executives of College Town Apartments and what are their salaries?

There 5 volunteers at College Town Apartments.


Here are 5 key members and their salaries:


Doug Pope (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Martin (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Kornweibel (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Comstock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for College Town Apartments?

College Town Apartments's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of College Town Apartments

College Town Apartments is committed to providing low-income housing solutions for college students and their families. This nonprofit organization's mission is centered around offering a comfortable living space for those who may not have the financial means to afford regular housing options. By offering this service, College Town Apartments aims to alleviate some of the financial burdens that come with higher education, enabling students to focus on their studies more effectively. This mission is a crucial step in ensuring that education remains accessible to a diverse range of individuals, regardless of their financial circumstances.

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Impact




October, 2024

College Town Apartments significantly impacts the community by providing affordable housing options for low-income college students and their families in Sacramento, CA. By addressing the housing challenges faced by this demographic, College Town Apartments fosters an environment where students can focus on their education without the burden of excessive living costs. This initiative not only supports the academic success of individual students but also contributes to the overall economic stability and growth of the area by encouraging educational attainment and retention within the community. Additionally, by creating a supportive living environment, College Town Apartments helps strengthen family units and promotes a sense of belonging among residents, further enriching the local community.




This information is meant to be a general summary of College Town Apartments. 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.

Revenue
$2,509,478 (2022)
Expenses
$2,455,917 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,989
  • Program Service Revenue: $2,450,057
  • Gross Receipts: $2,509,478

Assets and Liabilities:

  • Total Assets: $6,190,732
  • Total Liabilities: $3,590,089
  • Net Assets: $2,600,643

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$2,437,900

TENANT CHARGES

Revenue

$6,157

APPLICATION FEES

Revenue

$6,000

Organization Details

Founding Year

1969

Principal Officer

Doug Pope

Main Address

1561 RESPONSE ROAD, SACRAMENTO, CA, 958154805

NTEE Category

Code: Z99Z - Unknown

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