Overview
What is Granite City Housing Inc?
Granite City Housing Inc, operating under the name Lincoln House, is a nonprofit organization situated in Barre, Vermont. Their primary mission is to offer residential housing to low-income and middle-income elderly individuals and those with disabilities. The aim is to provide a comfortable, supportive, and nurturing environment that allows these individuals to live with dignity, respect, and independence. This mission is fulfilled in an affordable assisted living facility, ensuring they can maintain their independence while receiving necessary care. With a workforce of 30 employees, Lincoln House continues to uphold its commitment to compassionate and considerate residential care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Granite City Housing Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates strong governance, with a fully independent board and no instances of material asset diversion. Their financial oversight mechanisms are robust, including a dedicated audit committee and well-structured policies for conflict of interest and document retention.
However, there are areas for improvement, particularly regarding their whistleblower policy, which is currently missing. Additionally, while the organization allocates a significant majority of its expenses to programs (86.90%), the liabilities to assets ratio of 65.31% indicates potential financial vulnerabilities that merit attention. Overall, while Granite City Housing Inc shows commendable accountability practices, addressing these limitations could enhance their financial sustainability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Granite City Housing Inc legitimate?
Granite City Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Granite City Housing 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: $576,388
For more financial information, click here
What is the mission statement of Granite City Housing Inc?
Granite City Housing Inc's mission is centered around providing residential care for individuals with disabilities and the elderly. Their goal is to create an affordable assisted living facility where residents can live with dignity, respect, and independence. The organization strives to offer a home-like environment, infused with compassion and care, ensuring the well-being of its low and middle-income residents. Lincoln House, a part of Granite City Housing Inc, continues to uphold these values, providing residential housing services with tender care.
Who is the CEO of Granite City Housing Inc?
Brenda Scalabrini is the Ex. Dir. / Treasurer of Granite City Housing Inc.
What is the revenue of Granite City Housing Inc?
Granite City Housing Inc's revenue in 2022 was $1,076,932.
Who are the executives of Granite City Housing Inc and what are their salaries?
The average compensation at Granite City Housing Inc during 2022 was $19,213. There are 30 employees at Granite City Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Granite City Housing Inc?
Granite City Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Granite City Housing Inc
Granite City Housing Inc is committed to creating an ideal living environment for elderly residents and individuals with disabilities. Their mission is to offer affordable assisted living facilities where these individuals can live with dignity, respect, and independence. The organization strives to provide residential housing in a home-like setting, infused with compassion and care. The residents at Lincoln House, a facility under Granite City Housing Inc, continue to benefit from this compassionate and caring environment. The nonprofit aims to make a significant impact in the lives of low and middle-income disabled and elderly individuals, ensuring they live with the respect and independence they deserve.
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Impact
July, 2024
Granite City Housing Inc, operating under the name Lincoln House, creates a positive impact by offering a home-like environment for low and middle-income disabled, handicapped, and elderly individuals in the city of Barre, Vermont. Through their mission to provide affordable assisted living facilities that prioritize dignity, respect, and independence, Granite City Housing Inc enhances the quality of life for residents in need of specialized care and support. The organization's commitment to compassion and care ensures that aging residents and individuals with disabilities receive the assistance and accommodations necessary to live comfortably and securely. By focusing on housing solutions that cater to the unique needs of vulnerable populations, Granite City Housing Inc plays a crucial role in improving the overall well-being and welfare of the community in Barre.
This information is meant to be a general summary of Granite City Housing 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 2022.
- Investment Income: $237
- Program Service Revenue: $1,076,552
- Gross Receipts: $1,076,932
Assets and Liabilities:
- Total Assets: $1,558,779
- Total Liabilities: $940,292
- Net Assets: $618,487
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident rental inc.
Revenue
$1,070,252
Resident start up fee
Revenue
$6,300
Kitchen revenue
Organization Details
Founding Year
1997
Phone
(802) 476-3283Principal Officer
Brenda Scalabrini
Main Address
120 Hill Street, Barre, VT, 05641
NTEE Category
Code: L21Z - Housing
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