Overview
What is Gene B Glick Family Housing Foundation Inc?
The Gene B Glick Family Housing Foundation Inc is a nonprofit organization based in Indianapolis, Indiana. Its primary mission is to foster community development and alleviate poverty by providing safe and affordable housing to low and moderate income families and individuals. As of December 31, 2022, the organization owns approximately 6,511 affordable housing units across 40 properties, including the Resident Success Center. The Foundation engages in activities aimed at assisting the needy and underprivileged, and ensures the availability of habitable living spaces for these income groups.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
The Gene B Glick Family Housing Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial transparency. The organization scored 94% in its overall assessment, which reflects its commitment to effective governance and prudent financial management. The high score is primarily derived from its exceptional accountability and finance metrics.
The foundation demonstrates robust oversight with 66% of its board members being independent, ensuring that decision-making is not unduly influenced by internal interests. Additionally, it successfully maintains a high program expense ratio of 98.26%, indicating that a significant portion of its resources is directed towards its mission rather than administrative costs. The presence of comprehensive policies such as conflict of interest, whistleblower protections, and detailed documentation practices further reinforces its operational integrity.
However, while the organization excels in accountability and finance, the summary does not highlight any specific challenges or areas for improvement. Overall, the Gene B Glick Family Housing Foundation Inc exemplifies a strong nonprofit committed to transparency and effective resource utilization.
This AI summary has been generated from information found on Charity Navigator.
Is Gene B Glick Family Housing Foundation Inc legitimate?
Gene B Glick Family Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gene B Glick Family Housing Foundation 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: $4,613
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,752,498
For more financial information, click here
What is the mission statement of Gene B Glick Family Housing Foundation Inc?
The Gene B Glick Family Housing Foundation Inc is dedicated to community development activities that aid and support the relief of those in need or the underprivileged. Its primary mission is to provide safe, affordable, and sanitary housing for low and moderate-income families and individuals. The organization's efforts have resulted in the ownership of approximately 6,511 affordable housing units across 40 properties as of December 31, 2022. In addition to housing, the Foundation also manages a Resident Success Center to further assist its residents.
Who is the CEO of Gene B Glick Family Housing Foundation Inc?
Stacey A Sunderman is the President of Gene B Glick Family Housing Foundation Inc.
What is the revenue of Gene B Glick Family Housing Foundation Inc?
Gene B Glick Family Housing Foundation Inc's revenue in 2022 was $87,526,499.
Who are the executives of Gene B Glick Family Housing Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,838
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,775
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gene B Glick Family Housing Foundation Inc?
Gene B Glick Family Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gene B Glick Family Housing Foundation Inc
Gene B Glick Family Housing Foundation Inc is a nonprofit organization dedicated to community development and providing relief for the poor and distressed or underprivileged. Its mission is twofold: to engage in activities that foster and support the welfare of those in need, and to offer safe, affordable, and sanitary housing to low and moderate income families and individuals.
The foundation takes an active role in developing and acquiring affordable housing units. As of December 31, 2022, it directly owns approximately 40 properties containing around 6,511 affordable housing units. These properties are essential in addressing the housing needs of low-income families, ensuring they have a safe and stable place to call home. In addition to its housing initiatives, the organization also operates a Resident Success Center.
Gene B Glick Family Housing Foundation Inc's commitment to its mission extends beyond just providing housing. By engaging in community development activities, the organization aims to create an environment where families can thrive. Through its efforts, it fosters a sense of unity and support, ultimately improving the lives of those it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Gene B Glick Family Housing Foundation Inc significantly impacts communities by developing and acquiring affordable housing specifically designed for low and moderate-income families and individuals. Through its efforts, the foundation directly owns 40 properties that encompass approximately 6,511 affordable housing units, thereby providing essential shelter and stability for those in need. This initiative addresses the critical issue of housing insecurity and fosters an environment where residents can thrive.
In addition to housing, the foundation operates a Resident Success Center, focusing on community development activities aimed at uplifting the underprivileged and supporting the relief of the poor and distressed. By offering safe, affordable, and sanitary housing, the organization plays a vital role in enhancing the quality of life for many, empowering families to achieve stability and improve their overall well-being.
This information is meant to be a general summary of Gene B Glick Family Housing Foundation 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: -$9,258,634
- Program Service Revenue: $67,114,348
- Gross Receipts: $132,069,989
Assets and Liabilities:
- Total Assets: $362,200,151
- Total Liabilities: $173,891,319
- Net Assets: $188,308,832
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM LOW INCOME H
Revenue
$67,114,348
Organization Details
Founding Year
2004
Phone
(317) 469-0400Principal Officer
Stacey A Sunderman
Main Address
PO BOX 40177, INDIANAPOLIS, IN, 46240
NTEE Category
Code: L20 - Housing
If you are a representative of Gene B Glick Family Housing Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.