Human Services

Metropolitan Nashville Teachers' Apartment Inc.

  • Nashville, TN

Mission Statement

To provide a high quality residential experience for lower income senior citizens. We will strive to maintain a secure, safe, pleasant environment, staff of qualified and courteous personnel, in a facility whose convenient location assures access to services, thereby enabling independent living. We will maintain rent levels at the most affordable rates possible through sound management fiscal oversight and efficient operations.

Main Programs

  1. Affordable Housing
Service Areas

Self-reported

Tennessee

Davidson County & Middle Tennessee.

ruling year

2009

Principal Officer

Self-reported

None None None

Keywords

Self-reported

DAVIDSON Affordable housing for senior citizens

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Also Known As

Green Hills Apartments for Retired Teachers

EIN

62-6050949

Contact

Cause Area (NTEE Code)

Senior Centers/Services (P81)

Public Housing (L21)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

The major prolem facing our organization for several years has been resolved with the installation of the fire safety system. MNTA has struggled for years to find a way to finance this installation and still be able to keep rental rates affordable for the elderly we are intended to serve. As described in our ""Needs Statement"" below, we have done that. As part of this project, we were also able to renovate all of the common areas of our facility. These improvements have been transformative. All common areas and hallways are lighter, brighter and more pleasing. The common areas are more comfortable and functional, and the resident's enthusiasm with the changes is obvious. With the increased functionality of various areas, we have been able to hold monthly birthday parties for residents as well as resident functions on holidays. We have lined up sponsoring oganizations to pay for these events. We are also now able to have regular "movie nights". Small steps toward our goal of providing a better late life experience for the residents, many of whom have no one and no where else to go. Sylvan Park Restaurant now operates the restaurant. The food quality is much improved and they have been well received by both the residents and the general public. In the coming year, our goals are: * Continue our fund raising campaign to pay down the debt incurred to allow the installation of the life satefy system. * Formulate a five year plan for facilty * Continued emphasis on affecting operating efficiencies. . Better communication within the community about our faciltiy. * Initiate additional in house resident programs.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Affordable Housing

MNTA's program and mission is to provide a high quality living for lower income senior citizens at the most affordable rates possible. As an independent living facility, and because of our unique location in the heart of Green Hills, many of our residents organize their own lives and activities. The physical layout of our facility affords residents a sense of neighborhood or community; they function as a family that many of them no longer have and join together in self organized activities. We coordinate the volunteer efforts of churches and outside organizations to provide services and activities to those residents in search of other activities. Our goal for the ensuing year is to establish more sponsored in-house programs for residents.

Category

Housing, General/Other

Population(s) Served

Disabled, General or Disability Unspecified

Budget

Service Areas

Self-reported

Tennessee

Davidson County & Middle Tennessee.

Funding Needs

From an operational standpoint, our facility is self-sustaining as rents are sufficient to cover operating costs and replacement reserves. However, the Metropolitan-Nashville fire code required that we install fire and life safety systems. This project was completed in August, 2012 at a cost of $2.2 million, which we had to borrow. We obtained a bank loan under a state program at an interest rate of 4% below prime, effectively zero interest now and for the foreseeable future, with annual loan payments fixed at $120,000. The loan matures in 2016. Grants and gifts received to date will allow us to pay debt service without raising tenant rents. However, any balance remaining on the loan at maturity will have to be refinanced likely resulting in larger loan payments, which in turn will result in a significant increase in rental rates making it unaffordable to the citizenry we are desined to serve. As one resident put it: "To increase rent substantially would have the effect, literally, of throwing elderly people out on the street, many of whom have few, if any resources to fall back upon. Where exactly does a 90 year old living on social security with no family go? The thought is so overwhelming that it almost seems better to not have any future." That resident is still with us. To avoid any future impact, we are seeking one-time gifts and grants. Our requirement funding is now down to $666,000. Gifts will have a powerful effect since they are all that is needed to trigger our organization's ability to continue our mission of providing affordable housing for low income seniors for many more years to come.

Accreditations

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

METRO NASHVILLE TEACHERS' APARTMENTS INC
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Metropolitan Nashville Teachers' Apartment Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone and contact information
  • Forms 990 for 2014, 2013 and 2013
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
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Principal Officer

None None None

Governance

BOARD CHAIR

George H. Cate Jr.

Attorney

Term: Jan 2009 - Jan 2015

BOARD LEADERSHIP PRACTICES

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RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?