Overview
What is Wesley Tower Inc?
Wesley Tower Inc is a nonprofit organization situated in Pasadena, California. Their primary mission is to provide affordable housing for the elderly and individuals with disabilities. Operating under the regulation and control of the U.S. Department of HUD, they offer comfortable living spaces. The organization's facilities include a coin-operated laundry facility to cater to the residents' daily needs. With a team of ten dedicated individuals, Wesley Tower Inc plays a crucial role in ensuring that low-income, elderly, and handicapped individuals have access to suitable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Wesley Tower Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in Accountability & Finance with a score of 77%. This indicates that the organization has implemented several effective governance practices, such as having a fully independent board and proper oversight of financial statements. The organization shows a strong commitment to financial accountability, as evidenced by their high program expense ratio of 78.73%, suggesting that they allocate a significant portion of their resources directly to their programs.
However, there are areas for improvement noted in their evaluation. The absence of a whistleblower policy and a document retention policy indicates potential gaps in governance that could affect transparency and accountability. Additionally, the nonprofit's tax form is not readily available on their website, which could limit public access to important financial information.
Overall, while Wesley Tower Inc demonstrates strong financial practices and governance structures, addressing the noted deficiencies could enhance their overall accountability and improve stakeholder confidence in their operations.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Tower Inc legitimate?
Wesley Tower Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Tower 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: $189,854
For more financial information, click here
What is the mission statement of Wesley Tower Inc?
Wesley Tower Inc, as a non-profit organization, is committed to providing low-income housing for elderly and handicapped individuals. Their mission is clearly defined, aiming to offer residential solutions for those in need of such accommodations. The organization operates under the regulation and control of the U.S. Department of HUD. To cater to the residents' convenience, a coin-operated laundry facility is included within the complex.
Who is the CEO of Wesley Tower Inc?
Elvan Moen is the President of Wesley Tower Inc.
What is the revenue of Wesley Tower Inc?
Wesley Tower Inc's revenue in 2023 was $2,380,784.
Who are the executives of Wesley Tower Inc and what are their salaries?
The average compensation at Wesley Tower Inc during 2023 was $18,985. There are 10 employees at Wesley Tower Inc.
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Where can I find the form 990 for Wesley Tower Inc?
Wesley Tower Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wesley Tower Inc
Wesley Tower Inc, as a non-profit organization, is dedicated to providing low-income housing for elderly and handicapped individuals. Its mission is centered around creating a living space that caters to the needs of these vulnerable groups. The organization operates as a residential complex, offering apartments at affordable rates to those who fall under the category of low income, elderly, or handicapped persons. The operations of Wesley Tower Inc are regulated and overseen by the U.S. Department of HUD, ensuring that the living conditions and services provided are up to standard. To further accommodate its residents, Wesley Tower Inc features a coin-operated laundry facility, making daily chores more manageable for its residents. In essence, Wesley Tower Inc serves as a safe and supportive community for elderly and handicapped individuals, providing them with the opportunity to live independently while having access to essential amenities.
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Impact
July, 2024
Wesley Tower Inc plays a crucial role in providing low-income housing to elderly and handicapped individuals in Pasadena, CA. By offering affordable living options tailored to the unique needs of this vulnerable population, the organization contributes to a more inclusive and supportive community. Through its mission-focused approach, Wesley Tower Inc helps enhance the quality of life for those who may face challenges in finding suitable housing options. Additionally, the nonprofit's dedication to conforming to regulations set by the U.S. Department of Housing and Urban Development ensures a safe and reliable housing environment for its residents. Wesley Tower Inc's provision of a coin-operated laundry facility further enhances the convenience and well-being of its tenants, illustrating the organization's commitment to serving its community beyond just providing housing.
This information is meant to be a general summary of Wesley Tower 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: $59,224
- Program Service Revenue: $415,359
- Gross Receipts: $2,380,784
Assets and Liabilities:
- Total Assets: $8,157,595
- Total Liabilities: $5,012,842
- Net Assets: $3,144,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$410,473
LAUNDRY INCOME
Revenue
$4,631
TENANT CHARGES
Revenue
$255
Organization Details
Founding Year
1984
Phone
(323) 258-3512Principal Officer
Elvan Moen
Main Address
PO BOX 7070, PASADENA, CA, 911097070
NTEE Category
Code: L22Z - Housing
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