Overview
What is Turtle Woods Corporation?
Turtle Woods Corporation is a nonprofit organization situated in Beverly, Massachusetts. Its primary mission is to provide affordable housing and essential services to low-income elderly individuals, in line with sections 202 of the National Housing Act (1959) and 8 of the US Housing Act (1937). Their mission is deeply rooted in ensuring the well-being of this demographic, offering them a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94% (Four-Star out of Four Star rating)
Turtle Woods Corporation has achieved a high rating of 94% from Charity Navigator, signifying robust performance in the realm of accountability and finance. The charity's score is based entirely on its Accountability & Finance metrics, which highlight its commitment to responsible financial practices and transparency. A perfect score in several categories reflects strong governance, including a fully independent board and effective oversight mechanisms.
The organization boasts an impressive program expense ratio of 90.79%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. This efficiency in fund allocation is complemented by a solid financial health ratio, with liabilities constituting only 7.54% of its assets. Additionally, Turtle Woods Corporation has established comprehensive policies such as a conflict of interest and whistleblower policy, further emphasizing its commitment to ethical operations.
While the evaluation showcases strong strengths in financial accountability, it is essential to continuously monitor such organizations to ensure they maintain their high standards and adapt to any changing circumstances or challenges in the nonprofit sector. Overall, Turtle Woods Corporation stands out as a responsible and transparent nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Turtle Woods Corporation legitimate?
Turtle Woods Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turtle Woods Corporation 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: $0
For more financial information, click here
What is the mission statement of Turtle Woods Corporation?
Turtle Woods Corporation is dedicated to providing affordable housing and essential services to individuals who are financially disadvantaged and elderly or handicapped. This mission is carried out through the provision of housing facilities, adhering to the guidelines set by Section 202 of the National Housing Act (1959) and Section 8 of the US Housing Act (1937). The organization's primary goal is to ensure that these vulnerable individuals have access to secure and affordable living spaces.
Who is the CEO of Turtle Woods Corporation?
Julie Karaganis is the Vice President of Turtle Woods Corporation.
What is the revenue of Turtle Woods Corporation?
Turtle Woods Corporation's revenue in 2022 was $854,132.
Who are the executives of Turtle Woods Corporation and what are their salaries?
There 7 volunteers at Turtle Woods Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Turtle Woods Corporation?
Turtle Woods Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Turtle Woods Corporation
Turtle Woods Corporation, a nonprofit organization, is committed to providing affordable housing and essential services to low-income elderly individuals. Their mission is crystal clear: to create housing facilities that cater to the elderly, aged, and individuals with disabilities, in line with Section 202 of the National Housing Act (1959) and Section 8 of the US Housing Act (1937). The corporation's primary goal is to ensure that these vulnerable populations have access to safe and affordable living spaces, thereby improving their quality of life. By offering such housing facilities, Turtle Woods Corporation plays a crucial role in promoting independence and dignity among its residents, enabling them to age gracefully and with the necessary support.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Turtle Woods Corporation's impact lies in providing affordable housing and services to low-income elders in Beverly, Massachusetts. By offering housing facilities specifically designed for elderly, aged, and handicapped individuals under the provisions of the National Housing Act and US Housing Act, Turtle Woods Corporation plays a crucial role in ensuring that this vulnerable population has access to safe and comfortable living accommodations. Their mission of providing affordable housing and services to low-income elders contributes to the overall well-being and quality of life of the elderly population in the community.
This information is meant to be a general summary of Turtle Woods Corporation. 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: $7,386
- Program Service Revenue: $836,803
- Gross Receipts: $854,132
Assets and Liabilities:
- Total Assets: $2,304,088
- Total Liabilities: $173,765
- Net Assets: $2,130,323
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$836,803
Organization Details
Founding Year
1993
Phone
(978) 922-1305Principal Officer
Julie Karaganis
Main Address
PO BOX 507, BEVERLY, MA, 01915
NTEE Category
Code: L21 - Housing
If you are a representative of Turtle Woods Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.