Overview
What is L Roy Gardens?
L. Roy Gardens is a nonprofit organization situated in Portland, Oregon, specifically at 6329 NE Martin Luther King Jr. BL 97211. Under the supervision of the U.S. Department of Housing and Urban Development, they offer 18 units of affordable housing to low-income families. The primary mission of L. Roy Gardens is to provide affordable living spaces for individuals who may have limited financial resources. This organization plays a significant role in the community by offering housing solutions, contributing to the well-being and stability of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
L Roy Gardens has received a Three-Star rating from Charity Navigator, reflecting a score of 77% based exclusively on its Accountability & Finance metrics. The organization demonstrates strong governance with a fully independent board and no material diversion of assets, indicating adherence to sound financial practices.
Strengths include a high program expense ratio of 82.09%, suggesting that a significant portion of its resources is directed towards its charitable programs. However, some areas require improvement, such as the lack of a whistleblower policy and missing documentation for board meeting minutes, which could raise concerns regarding transparency and accountability.
Overall, while L Roy Gardens shows a solid commitment to its mission through financial responsibility, addressing its governance weaknesses would strengthen its standing further and provide greater assurance to donors and stakeholders alike.
This AI summary has been generated from information found on Charity Navigator.
Is L Roy Gardens legitimate?
L Roy Gardens is a legitimate nonprofit organization registered as a 501(c)(3) entity. L Roy Gardens 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 L Roy Gardens?
L. Roy Gardens is committed to providing affordable housing for low-income individuals. Their mission, in essence, is to offer shelter at affordable prices to those who require financial assistance. The organization operates under the guidance and oversight of the U.S. Department of Housing and Urban Development, and they currently provide 18 units of such housing. Their primary goal is to contribute to the community by ensuring that everyone, regardless of their financial situation, has a place to call home.
Who is the CEO of L Roy Gardens?
Kymberly Horner is the President of L Roy Gardens.
What is the revenue of L Roy Gardens?
L Roy Gardens's revenue in 2022 was $191,588.
Who are the executives of L Roy Gardens and what are their salaries?
There 3 volunteers at L Roy Gardens.
Here are 4 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
- Compensation: $0
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- Other: $0
Where can I find the form 990 for L Roy Gardens?
L Roy Gardens's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of L Roy Gardens
L Roy Gardens, a nonprofit organization, is committed to providing affordable housing for low-income individuals. Its mission is to make a significant impact in the lives of those who may not have the means to secure adequate housing on their own. Under the guidance and oversight of the U.S. Department of Housing and Urban Development, L Roy Gardens offers 18 units of housing, ensuring that those in need have a safe and secure place to call home. The organization's work is instrumental in bridging the gap between housing affordability and availability, allowing low-income families to focus on other aspects of their lives with some peace of mind.
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Impact
October, 2024
L Roy Gardens significantly impacts the Portland community by providing affordable housing to low-income families. With 18 housing units specifically designed for those in need, the initiative aims to alleviate the financial burden faced by individuals and families struggling to secure safe and stable living conditions. By operating under the guidance of the U.S. Department of Housing and Urban Development, L Roy Gardens ensures that the housing meets regulatory standards while fostering a supportive environment for its residents. This commitment not only addresses immediate housing needs but also contributes to the overall well-being of the community, helping individuals and families build better futures.
This information is meant to be a general summary of L Roy Gardens. 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: $47
- Program Service Revenue: $101,346
- Gross Receipts: $191,588
Assets and Liabilities:
- Total Assets: $1,187,122
- Total Liabilities: $24,415
- Net Assets: $1,162,707
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$98,218
TENANT VENDING & FEES
Revenue
$3,128
Organization Details
Founding Year
2003
Phone
(503) 288-2923Principal Officer
Kymberly Horner
Main Address
6329 NE MARTIN LUTHER KING JR BL, PORTLAND, OR, 97211
NTEE Category
Code: L20 - Housing
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