Overview
What is Argus Manor Association C/O Reeder Management Inc?
Argus Manor Association C/O Reeder Management Inc is a nonprofit organization, established in Washington State on January 24, 1989. Their primary mission is to provide affordable housing for the elderly and individuals with disabilities. The project, located in Puyallup, Washington, consists of a 61-unit apartment complex, managed under the National Housing Act and regulated by the U.S. Department of Housing and Urban Development (HUD). The project's major program is a HUD-insured mortgage loan, while its non-major program involves Section 8 HUD rental subsidies. Argus Manor Association aims to ensure the physical and social well-being of its residents, contributing to their health, security, and overall welfare in their pursuit of longer living.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Argus Manor Association has achieved a solid Three-Star rating, reflecting an overall score of 82% based entirely on their Accountability & Finance metrics. This score indicates a strong commitment to transparency and responsible management of funds, which is essential for building trust with donors and stakeholders.
The organization showcases notable strengths, including a fully independent board with all eight members meeting the criteria for independence. Their financial practices are commendable, as evidenced by a perfect score for their financial statements audit and a favorable liabilities to assets ratio of 43.58%. Furthermore, a high program expense ratio of 92.45% suggests that the majority of its funds are directed toward fulfilling its mission rather than administrative costs.
While the ratings are strong, the data emphasizes the importance of continued focus on maintaining these standards as the organization progresses. Regular reviews and updates of financial practices will be essential to uphold this accountability and ensure long-term sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Argus Manor Association C/O Reeder Management Inc legitimate?
Argus Manor Association C/O Reeder Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Argus Manor Association C/O Reeder Management 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: $124,140
For more financial information, click here
What is the mission statement of Argus Manor Association C/O Reeder Management Inc?
Argus Manor Association C/O Reeder Management Inc, as a non-profit organization, is dedicated to providing affordable rental housing and related facilities for the elderly and individuals with disabilities. Their mission is to cater to their physical and social needs, aiming to enhance their health, security, welfare, and overall usefulness in longer living. By offering such accommodations, the association contributes significantly to their well-being and quality of life.
Who is the CEO of Argus Manor Association C/O Reeder Management Inc?
Cheryl Swalling is the President of Argus Manor Association C/O Reeder Management Inc.
What is the revenue of Argus Manor Association C/O Reeder Management Inc?
Argus Manor Association C/O Reeder Management Inc's revenue in 2023 was $743,068.
Who are the executives of Argus Manor Association C/O Reeder Management Inc and what are their salaries?
There 7 volunteers at Argus Manor Association C/O Reeder Management Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Argus Manor Association C/O Reeder Management Inc?
Argus Manor Association C/O Reeder Management Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Argus Manor Association C/O Reeder Management Inc
Argus Manor Association C/O Reeder Management Inc is a non-profit organization with a mission to provide residential accommodations and related facilities for the elderly and individuals with disabilities. Their aim is to cater to their physical and social needs, contributing to their health, security, welfare, and overall usefulness in their longer living. The organization operates on a non-profit basis, providing a 61-unit apartment complex that is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operating methods. Argus Manor Association C/O Reeder Management Inc's major program is its Section 223(F) HUD-insured mortgage loan, while their non-major program is their Section 8 HUD rent subsidy. The organization also has Section 8 Housing Assistance Payment agreements with HUD for its operations, ensuring affordable housing for its residents.
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Impact
July, 2024
Argus Manor Association, managed by Reeder Management Inc, plays a vital role in providing affordable housing for low-income elderly and persons with disabilities in Puyallup, Washington. This 61-unit apartment complex not only offers a safe and secure living environment but also contributes significantly to the overall well-being and social needs of its residents. By operating under the National Housing Act and HUD regulations, this nonprofit organization ensures that its residents have access to necessary resources and support for longer living. The provision of rental housing and related facilities by Argus Manor Association positively impacts the community by promoting health, security, welfare, and usefulness for its residents.
This information is meant to be a general summary of Argus Manor Association C/O Reeder Management 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: $359
- Program Service Revenue: $262,798
- Gross Receipts: $743,068
Assets and Liabilities:
- Total Assets: $1,606,112
- Total Liabilities: $700,101
- Net Assets: $906,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$262,798
Organization Details
Founding Year
1988
Phone
(253) 820-6763Principal Officer
Cheryl Swalling
Main Address
3201 JAHN AVE NW 218, GIG HARBOR, WA, 98335
NTEE Category
Code: L21Z - Housing
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