Overview
What is Glastonbury Assisted Housing Non-Profit Inc?
Glastonbury Assisted Housing Non-Profit Inc., or GAHNP, is a charitable organization operating in Glastonbury, Connecticut. Its primary mission involves constructing, rehabilitating, managing, and operating affordable housing for low- and moderate-income individuals. Over the years, GAHNP has secured funding through grant applications for various projects. In 2004, they received $375,062 for the construction of Herbert T Clark Assisted Living, a facility they manage. In 2012 and 2015, they received $500,000 each for the rehabilitation of Village Green and Center Village, senior properties. The organization has also received additional funds in 2017 for the rehabilitation of Center Village. GAHNP is dedicated to providing housing solutions and non-institutional living opportunities for those in need, in line with Connecticut General Statutes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Glastonbury Assisted Housing Non-Profit Inc has received a low rating of 56%, indicating several areas of concern, particularly in accountability and financial transparency. The score is derived entirely from the Accountability & Finance category, suggesting there are significant deficiencies in the nonprofit's reporting practices. While the organization has a fully independent board and a solid program expense ratio, it has not provided necessary financial statements or adequately addressed several governance policies.
The organization shows strengths in having a majority of independent board members and a conflict of interest policy in place. However, the lack of a whistleblower policy, missing financial documents on their website, and a concerning liabilities to assets ratio highlight the potential financial instability and governance issues. The absence of these critical documents and policies raises questions about the organization’s overall financial health and commitment to transparency.
In conclusion, while Glastonbury Assisted Housing Non-Profit Inc demonstrates some positive governance features, its significant shortcomings in financial reporting and accountability seriously affect its rating. Prospective donors and supporters may want to consider these factors carefully before contributing, as the organization's financial practices warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Glastonbury Assisted Housing Non-Profit Inc legitimate?
Glastonbury Assisted Housing Non-Profit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glastonbury Assisted Housing Non-Profit 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: $0
For more financial information, click here
What is the mission statement of Glastonbury Assisted Housing Non-Profit Inc?
Glastonbury Assisted Housing Non-Profit Inc's primary mission is centered around constructing, rehabilitating, and managing affordable housing for low and moderate income individuals. This non-profit organization seeks to create non-institutional living opportunities for these groups, adhering to the guidelines set by Chapter 602 of the Connecticut General Statutes. The organization has secured funding through grant applications to finance the construction and preservation of affordable housing facilities. For instance, they received funds for the construction of the Herbert T Clark Assisted Living Limited Partnership, the rehabilitation of Village Green, and the expansion of Center Village. These initiatives aim to provide affordable housing options for those in need.
Who is the CEO of Glastonbury Assisted Housing Non-Profit Inc?
Neil Griffin Jr is the Director of Glastonbury Assisted Housing Non-Profit Inc.
What is the revenue of Glastonbury Assisted Housing Non-Profit Inc?
Glastonbury Assisted Housing Non-Profit Inc's revenue in 2022 was $678,886.
Who are the executives of Glastonbury Assisted Housing Non-Profit Inc and what are their salaries?
There 4 volunteers at Glastonbury Assisted Housing Non-Profit Inc.
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $133,452
- Other: $54,370
Where can I find the form 990 for Glastonbury Assisted Housing Non-Profit Inc?
Glastonbury Assisted Housing Non-Profit Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Glastonbury Assisted Housing Non-Profit Inc
Glastonbury Assisted Housing Non-Profit Inc, as per its mission statement, is dedicated to constructing, rehabilitating, owning, managing, or operating housing. Their primary objective is to develop non-institutional living opportunities for low and moderate-income individuals. The organization has a broad mandate, allowing it to pursue various lawful purposes as defined by Chapter 602 of the Connecticut General Statutes.
In practical terms, Glastonbury Assisted Housing Non-Profit Inc seeks to provide affordable housing solutions. They have secured funding through grant applications, such as the Housing Tax Credit Contributions (HTCC), to finance the construction and preservation of affordable housing facilities. Examples of their projects include the Herbert T Clark Assisted Living Limited Partnership, a senior living facility, and the rehabilitation of Village Green, an affordable senior property. Their commitment to affordable housing extends to senior rental properties, as demonstrated by their involvement in the rehabilitation and expansion of Center Village.
The organization's mission is not limited to construction and rehabilitation. Glastonbury Assisted Housing Non-Profit Inc also assists in financing the preservation of existing affordable housing properties. Their dedication to this cause is evident in their long-term commitment to projects, such as the ongoing rehabilitation of Center Village, which began in 2017 and was completed in 2018. Their mission reflects a deep-rooted commitment to providing affordable housing opportunities for low and moderate-income individuals, aligning with their legal mandate and contributing positively to their community.
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Impact
July, 2024
Glastonbury Assisted Housing Non-Profit Inc has a significant impact on the community by providing affordable housing options for low and moderate-income individuals. Through various grant awards, this organization has facilitated the construction, rehabilitation, and expansion of affordable housing properties in Glastonbury, CT. These initiatives have helped address the housing needs of underserved populations and contributed to the overall development of non-institutional living opportunities for those in need. The organization's efforts align with its mission to create a more inclusive and supportive living environment for residents with limited financial resources.
This information is meant to be a general summary of Glastonbury Assisted Housing Non-Profit 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: $28,983
- Program Service Revenue: $649,964
- Gross Receipts: $678,886
Assets and Liabilities:
- Total Assets: $2,979,882
- Total Liabilities: $3,464,413
- Net Assets: -$484,531
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTAL INC
Revenue
$616,419
MANAGEMENT FEES
Revenue
$33,545
Organization Details
Founding Year
2000
Phone
(860) 652-7570Principal Officer
Neil Griffin Jr
Main Address
25 RISELY ROAD, GLASTONBURY, CT, 06033
NTEE Category
Code: L22 - Housing
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