Overview
What is Groton Village Housing Inc C/O Gilman Housing Trust Inc?
Groton Village Housing Inc, under the umbrella of Gilman Housing Trust Inc, is a nonprofit organization situated in Lyndonville, Vermont. Their primary mission is to provide subsidized housing for the elderly in the Groton area. This initiative aims to ensure that seniors have access to comfortable and affordable living accommodations, enhancing their quality of life. The organization's focus is on this particular demographic, illustrating their commitment to supporting the elderly community in Groton, VT.
Official website here: www.ruraledge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Groton Village Housing Inc, affiliated with Gilman Housing Trust Inc, has achieved an impressive score of 97%, indicating a high level of accountability and financial health. The rating is based entirely on the charity's performance in the Accountability & Finance beacon, where it excels in various metrics, including governance and fiscal management.
The organization boasts a fully independent board, comprising 100% independent members, and demonstrates strong practices in areas such as conflict of interest policy, whistleblower protections, and document retention. Additionally, it maintains a low liabilities-to-assets ratio of 14.41%, and an impressive program expense ratio of 84.14%, signifying effective allocation of resources towards its mission.
While the rating reflects excellent management and transparency, ongoing assessment of program impact might provide a fuller picture of the organization’s effectiveness. Nevertheless, the high rating suggests Groton Village Housing Inc is a reliable choice for donors looking to support housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Groton Village Housing Inc C/O Gilman Housing Trust Inc legitimate?
Groton Village Housing Inc C/O Gilman Housing Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Groton Village Housing Inc C/O Gilman Housing Trust 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.
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For more financial information, click here
Official website here: www.ruraledge.org
What is the mission statement of Groton Village Housing Inc C/O Gilman Housing Trust Inc?
Groton Village Housing Inc C/O Gilman Housing Trust Inc is dedicated to providing housing solutions, specifically for the elderly population. Their primary mission is to offer subsidized rental housing, ensuring affordable living options for the elderly community. By providing this service, they contribute to the well-being and comfort of elderly individuals, enabling them to maintain their independence and dignity. The organization's focus on elderly housing is a testament to their commitment to supporting vulnerable populations and enhancing their quality of life.
Official website here: www.ruraledge.org
Who is the CEO of Groton Village Housing Inc C/O Gilman Housing Trust Inc?
Patrick Shattuck is the President of Groton Village Housing Inc C/O Gilman Housing Trust Inc.
Official website here: www.ruraledge.org
What is the revenue of Groton Village Housing Inc C/O Gilman Housing Trust Inc?
Groton Village Housing Inc C/O Gilman Housing Trust Inc's revenue in 2022 was $123,744.
Official website here: www.ruraledge.org
Who are the executives of Groton Village Housing Inc C/O Gilman Housing Trust Inc and what are their salaries?
There 13 volunteers at Groton Village Housing Inc C/O Gilman Housing Trust Inc.
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- Related: $119,403
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- Related: $101,994
- Other: $17,577
Official website here: www.ruraledge.org
Where can I find the form 990 for Groton Village Housing Inc C/O Gilman Housing Trust Inc?
Groton Village Housing Inc C/O Gilman Housing Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ruraledge.org
Learn more at the official website: www.ruraledge.org
Mission Statement of Groton Village Housing Inc C/O Gilman Housing Trust Inc
Groton Village Housing Inc C/O Gilman Housing Trust Inc is committed to providing housing for the elderly. Their mission, in simple terms, is to offer subsidized rental housing to the elderly population. This organization aims to ensure that elderly individuals have access to affordable housing, thereby enhancing their quality of life. By providing subsidized rental housing, Groton Village Housing Inc C/O Gilman Housing Trust Inc plays a crucial role in supporting the elderly, enabling them to live with dignity and independence. The organization's mission is a testament to its commitment to addressing the housing needs of the elderly, a population that often faces unique challenges.
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Impact
October, 2024
Groton Village Housing Inc C/O Gilman Housing Trust Inc significantly impacts the community by providing subsidized rental housing specifically for the elderly in Groton, VT. This initiative addresses a critical need for affordable housing options, ensuring that older residents have a safe, secure, and stable living environment. By facilitating accessible housing, the organization enhances the quality of life for senior citizens, promoting dignity and independence in their daily lives.
Furthermore, this focus on elderly housing contributes to the overall well-being of the community, as it helps mitigate issues of homelessness and housing insecurity among seniors. The availability of such housing allows elderly residents to remain in their community, close to family and friends, which fosters social connections and support networks that are vital for mental and emotional health. In summary, Groton Village Housing Inc C/O Gilman Housing Trust Inc plays a crucial role in meeting the housing needs of the elderly population, positively impacting their lives and the broader community in Groton.
This information is meant to be a general summary of Groton Village Housing Inc C/O Gilman Housing Trust 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: $206
- Program Service Revenue: $123,538
- Gross Receipts: $123,744
Assets and Liabilities:
- Total Assets: $561,007
- Total Liabilities: $77,485
- Net Assets: $483,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Revenue
Revenue
$120,953
Other Operating Revenu
Revenue
$2,585
Organization Details
Founding Year
1997
Phone
(802) 473-3925Principal Officer
Patrick Shattuck
Main Address
PO Box 259, Lyndonville, VT, 05851
Website
www.ruraledge.orgNTEE Category
Code: L22 - Housing
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