Abrc - Clara Verner Tower Inc

Nonprofit profile at a glance

EIN
631014343
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024, Form 990-N 2011
Location
Prattville, AL, USA
Phone
8002641225
Rating confidence
Limited
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • MR KEN SCHROEDER (PRESIDENT)

People named in this filing

  • REV BILL CARR (DIRECTOR)
  • MR FORREST HATFIELD (DIRECTOR)
  • CHARLOTTE CRANE (DIRECTOR OF)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of clara verner tower retirement center, inc. Is to provide quality housing for low income senior citizens.

What it reported doing in 2024

Clara verner tower retirement center, inc. Is a 100% member of a limited liability company that serves as a special partner in a limited partnership. The purpose of this limited partnership is to provide low income housing to senior citizens. At present, clara verner tower retirement center, inc. Provides housing for approximately 200 senior citizens.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: NotEnoughData
  • Sustainability: NotEnoughData
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: Limited
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 27.7% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: -18.4% per year; rating input score 0; 43rd percentile among comparable filings
  • Asset growth: -17.5% per year; rating input score 0; 32nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 5 people listed
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.