Overview
What is Ican Garden Apartments Inc?
Ican Garden Apartments Inc is a nonprofit organization situated in Canton, Ohio, with a specific focus on providing housing for mentally ill, low-income adults. Established under Section 811 of the National Affordable Housing Act, this organization manages a 12-unit apartment complex to offer a safe and supportive living environment. Their primary mission is to cater to this particular demographic, ensuring they have access to affordable and suitable housing.
Official website here: www.ican-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Ican Garden Apartments Inc has received an overall score of 81%, which reflects its performance in the category of Accountability & Finance. This is a positive indicator of the organization's financial health and transparency, as the score is derived entirely from a single beacon score focused on these aspects. The high marks in various accountability measures suggest that the organization is committed to maintaining ethical practices and transparency in its operations.
Among the strengths noted, Ican Garden Apartments Inc boasts a perfect score for having a majority of independent board members and a robust conflict of interest policy. Additionally, the charity has effectively documented its board meeting minutes and adheres to policies on document retention and whistleblower protection. The program expense ratio is also commendable, reflecting a significant portion of funds directed towards its programs.
However, the organization faces challenges with a high liabilities to assets ratio, which indicates potential financial risk. This aspect might raise concerns among potential donors regarding the charity's long-term sustainability. Overall, while the nonprofit shows strong governance and financial practices, it is important for stakeholders to consider its financial liabilities when evaluating support.
This AI summary has been generated from information found on Charity Navigator.
Is Ican Garden Apartments Inc legitimate?
Ican Garden Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ican Garden Apartments 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
Official website here: www.ican-inc.org
What is the mission statement of Ican Garden Apartments Inc?
Ican Garden Apartments Inc's primary mission is to operate a 12-unit apartment complex, catering specifically to mentally ill, low-income adults. This operation is in accordance with Section 811 of the National Affordable Housing Act. The organization's main goal is to provide a housing solution for this vulnerable group, ensuring they have a secure living space. The exempt purpose of Ican Garden Apartments Inc. encompasses operating and managing this apartment complex, aiming to contribute positively to the well-being of its residents.
Official website here: www.ican-inc.org
Who is the CEO of Ican Garden Apartments Inc?
Julie Sparks is the President of Ican Garden Apartments Inc.
Official website here: www.ican-inc.org
What is the revenue of Ican Garden Apartments Inc?
Ican Garden Apartments Inc's revenue in 2022 was $70,674.
Official website here: www.ican-inc.org
Who are the executives of Ican Garden Apartments Inc and what are their salaries?
There 9 volunteers at Ican Garden Apartments Inc.
Here are 11 key members and their salaries:
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- Related: $83,035
- Other: $12,980
- Compensation: $0
- Related: $69,653
- Other: $11,931
Official website here: www.ican-inc.org
Where can I find the form 990 for Ican Garden Apartments Inc?
Ican Garden Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ican-inc.org
Learn more at the official website: www.ican-inc.org
Mission Statement of Ican Garden Apartments Inc
Ican Garden Apartments Inc, a nonprofit organization, is dedicated to serving mentally ill, low-income adults. The primary mission of this entity is to operate a 12-unit apartment complex under Section 811 of the National Affordable Housing Act. By doing so, Ican Garden Apartments Inc aims to provide a safe and supportive living environment for individuals who may be facing challenges related to their mental health. The exempt purpose of this organization is to operate and manage this apartment complex, ensuring that it caters specifically to the needs of mentally ill adults who are financially disadvantaged. This mission is essential in providing these individuals with a stable living situation, allowing them to focus on their well-being and recovery.
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Impact
August, 2024
Ican Garden Apartments Inc's impact lies in providing a stable and supportive housing environment for mentally ill, low-income adults in Canton, Ohio. By operating a 12-unit apartment complex specifically tailored to the needs of this vulnerable population, Ican Garden Apartments Inc plays a crucial role in addressing housing insecurity and promoting the well-being of individuals facing mental health challenges. Through their mission-focused approach, they contribute to enhancing the quality of life and fostering independence for residents in need of specialized housing support.
This information is meant to be a general summary of Ican Garden Apartments 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: $6
- Program Service Revenue: $70,381
- Gross Receipts: $70,674
Assets and Liabilities:
- Total Assets: $618,601
- Total Liabilities: $969,564
- Net Assets: -$350,963
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$70,381
Organization Details
Founding Year
2002
Phone
(330) 455-9100Principal Officer
Julie Sparks
Main Address
1214 MARKET AVENUE NORTH, CANTON, OH, 44714
Website
www.ican-inc.orgNTEE Category
Code: L20 - Housing
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