Overview
What is The Glendower Group Inc?
The Glendower Group Inc is a charitable organization situated in New Haven, Connecticut, with a primary focus on neighborhood economic development. They operate with the objective of supporting redevelopment initiatives of the Housing Authority of the City of New Haven, particularly benefiting low-income residents. The organization goes beyond just working with the authority, engaging in development activities independently and collaboratively with various entities. Their primary mission is to develop decent and affordable housing for low and moderate-income families, involving activities such as acquisition, financing, and investment in affordable projects. With around 50 employees, The Glendower Group Inc is committed to enhancing the living conditions of underprivileged families in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Glendower Group Inc has received a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance with a score of 79%. This rating reflects a solid commitment to transparent financial practices, showcasing no material diversion of assets and a well-structured oversight committee. The charity has also effectively implemented key policies, including conflict of interest and whistleblower protections.
The organization demonstrates a commendable program expense ratio of 81.93%, suggesting that a significant portion of its resources is directed towards its programs rather than administrative overhead. Additionally, its liabilities to assets ratio stands at a healthy 29.31%, reflecting sound financial management and stability. These factors contribute to a positive perception of the charity's operational efficiency.
However, while the organization excels in financial accountability, the data does not provide insights into its overall impact or effectiveness in achieving its mission. Future evaluations might consider additional metrics to assess program outcomes and community benefits more comprehensively.
This AI summary has been generated from information found on Charity Navigator.
Is The Glendower Group Inc legitimate?
The Glendower Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Glendower Group 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: $1,058,847
For more financial information, click here
What is the mission statement of The Glendower Group Inc?
The Glendower Group Inc is a charitable organization with a focus on promoting and advancing neighborhood economic development. Its primary objective is to support redevelopment activities of the Housing Authority of the City of New Haven, benefiting low-income residents. The corporation is not limited to working with the authority alone and can engage in development activities independently or in collaboration with other entities. Another significant role of The Glendower Group Inc is to develop decent and affordable housing for low and moderate-income families. This involves acquiring, financing, and dealing with affordable projects to contribute to the betterment of these communities.
Who is the CEO of The Glendower Group Inc?
Karen Dubois-Walton is the President of The Glendower Group Inc.
What is the revenue of The Glendower Group Inc?
The Glendower Group Inc's revenue in 2022 was $3,766,863.
Who are the executives of The Glendower Group Inc and what are their salaries?
The average compensation at The Glendower Group Inc during 2022 was $21,177. There are 50 employees at The Glendower Group Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $231,027
- Other: $0
- Compensation: $0
- Related: $143,399
- Other: $0
- Compensation: $0
- Related: $193,536
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Glendower Group Inc?
The Glendower Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Glendower Group Inc
The Glendower Group Inc, a charitable organization, is dedicated to promoting and advancing neighborhood economic development. Its primary objective is to support the redevelopment activities of the Housing Authority of the City of New Haven for the benefit of low-income residents. This support extends beyond the Housing Authority, allowing The Glendower Group Inc to engage in development activities independently and in collaboration with other entities.
Beyond redevelopment activities, The Glendower Group Inc's mission also involves the development of decent and affordable housing for low and moderate-income families. This includes acquisition, finance, and other dealings in affordable projects. By doing so, the organization aims to contribute positively to its community, providing housing solutions for those who may not otherwise have access to such resources.
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Impact
July, 2024
The Glendower Group Inc's impact lies in its dedicated efforts towards promoting and advancing neighborhood economic development. Specifically, the organization focuses on supporting redevelopment activities of the Housing Authority of the City of New Haven for the benefit of low-income residents. Additionally, they are involved in developing decent and affordable housing for low and moderate-income families. By engaging in these activities, The Glendower Group Inc contributes to creating opportunities for affordable housing and improving the quality of life for individuals and families in New Haven, CT.
This information is meant to be a general summary of The Glendower Group 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: $58,156
- Program Service Revenue: $3,146,312
- Gross Receipts: $3,766,863
Assets and Liabilities:
- Total Assets: $25,040,145
- Total Liabilities: $7,340,293
- Net Assets: $17,699,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$3,084,324
RENTAL REVENUE
Revenue
$61,988
Organization Details
Founding Year
2001
Phone
(203) 498-8800Principal Officer
Karen Dubois-Walton
Main Address
360 ORANGE STREET, NEW HAVEN, CT, 06511
NTEE Category
Code: L20 - Housing
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