Overview
What is Goler Place Inc?
Goler Place Inc, situated in Winston-Salem, North Carolina, is a dedicated nonprofit organization that specializes in providing affordable housing for low-income elderly individuals. Operating under Section 202 of the U.S. Housing Act of 1959, Goler Place Inc manages a 79-unit apartment complex, known as Goler Manor Apartments, to cater to this demographic. The company's mission revolves around offering essential housing services to these elderly residents, aiming to improve their overall living conditions and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating.
Goler Place Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 82%. This score is derived entirely from the charity's strong performance in accountability and finance. The organization demonstrates robustness in governance, with a fully independent board of directors, contributing to its overall accountability.
The nonprofit excels in its financial management, highlighted by a program expense ratio of 98.54%, indicating that the vast majority of its funds are directed towards its programs. Additionally, it has performed exceptionally well in areas such as financial statement audits and maintaining a low liabilities-to-assets ratio of 5.31%. These factors suggest a commitment to transparency and effective use of resources.
While the organization shows significant strengths in governance and financial practices, the rating is solely based on accountability and finance metrics. Future evaluations may benefit from broader assessments that include programmatic impact and community feedback to provide a more comprehensive view of the nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Goler Place Inc legitimate?
Goler Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goler Place 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Goler Place Inc?
Goler Place Inc is committed to providing housing services for individuals who are elderly and fall under the category of low income. Their primary mission is to offer suitable living accommodations for this demographic, as stated in their mission description. Operating a 79-unit apartment complex under Section 202 of the U.S. Housing Act of 1959, Goler Place Inc aims to provide a secure and comfortable living environment for its elderly residents, ensuring they have access to affordable housing. The organization's overall goal is to enhance the quality of life for these individuals by providing them with a stable and supportive housing solution.
Who is the CEO of Goler Place Inc?
Michael Suggs is the Chairman of Goler Place Inc.
What is the revenue of Goler Place Inc?
Goler Place Inc's revenue in 2022 was $539,845.
Who are the executives of Goler Place Inc and what are their salaries?
There 7 volunteers at Goler Place Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Goler Place Inc?
Goler Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Goler Place Inc
Goler Place Inc, a nonprofit organization, is dedicated to providing housing solutions for low-income elderly individuals. Their mission is to offer a secure living environment for this vulnerable population. Operating under Section 202 of the U.S. Housing Act of 1959, Goler Place Inc manages a 79-unit apartment complex specifically designed for this demographic. This housing complex serves as a sanctuary, providing elderly residents with essential necessities such as food and clothing, ensuring they can live in comfort and dignity.
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Impact
July, 2024
Goler Place Inc's impact is significant in providing low-income housing services for elderly individuals in Winston-Salem, North Carolina. By operating a 79-unit apartment complex under Section 202 of the U.S. Housing Act of 1959, the organization directly addresses the housing needs of low-income elderly residents in the community. This vital service contributes to improving the quality of life for these individuals by ensuring they have access to safe and affordable housing options. Through its mission to provide housing for low-income elderly residents, Goler Place Inc plays a crucial role in promoting housing stability and dignity for this vulnerable population.
This information is meant to be a general summary of Goler Place 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: $17
- Program Service Revenue: $232,580
- Gross Receipts: $539,845
Assets and Liabilities:
- Total Assets: $4,827,491
- Total Liabilities: $256,496
- Net Assets: $4,570,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$228,723
TENANT CHARGES
Revenue
$2,664
LAUNDRY AND VENDING RE
Revenue
$1,193
Organization Details
Founding Year
2004
Phone
(336) 765-3906Principal Officer
Michael Suggs
Main Address
2585 W CLEMMONSVILLE RD SUITE 10, WINSTONSALEM, NC, 27127
NTEE Category
Code: L21 - Housing
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