Overview
What is Southwood Housing Development?
Southwood Housing Development is a nonprofit organization located in Cuthbert, Georgia. Their primary mission is to provide safe and affordable housing solutions for low-income senior citizens, ensuring their well-being and dignity. The organization operates with a clear commitment to this cause, as reflected in its description and mission statements. By offering such housing, Southwood Housing Development contributes to the betterment of the senior community in Georgia, providing them with a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Southwood Housing Development has received a rating of 58%, which is categorized as a One-Star rating. This score reflects the organization's performance in Accountability & Finance, indicating some challenges in these areas despite a strong focus on financial transparency and governance. The rating is primarily influenced by the organization's fiscal management practices in the most recent fiscal year, FY2022.
The organization exhibits notable strengths, such as having a fully independent board with 10 members and maintaining no material diversion of assets. Additionally, the program expense ratio is commendable at 85.66%, showcasing a good portion of expenses directed towards its programs. The documentation of board meeting minutes also indicates a level of transparency and accountability.
However, the significant concern arises from a high liabilities to assets ratio of 225.55%, which has heavily impacted the overall score. This suggests potential financial instability, which could affect the organization's long-term sustainability and operational efficiency. While there are strengths in governance and program expenditure, the financial challenges noted should be of concern to current and potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Southwood Housing Development legitimate?
Southwood Housing Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwood Housing Development 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 Southwood Housing Development?
Southwood Housing Development is committed to providing a safe and affordable living space for low-income senior citizens. Their mission is centered around ensuring that this vulnerable group has access to suitable housing. By doing so, they aim to enhance the quality of life for these seniors, providing them with a secure and economical residence. The organization's activities primarily revolve around facilitating housing solutions for this specific demographic. Although not explicitly mentioned, it can be inferred that they might also offer support services or resources to enhance the overall living experience of these senior citizens.
Who is the CEO of Southwood Housing Development?
Kevin Wilson is the President of Southwood Housing Development.
What is the revenue of Southwood Housing Development?
Southwood Housing Development's revenue in 2022 was $74,816.
Who are the executives of Southwood Housing Development and what are their salaries?
There 5 volunteers at Southwood Housing Development.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $82,278
- Other: $9,051
- Compensation: $0
- 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: $26,122
- Other: $2,873
Where can I find the form 990 for Southwood Housing Development?
Southwood Housing Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southwood Housing Development
Southwood Housing Development is committed to providing a vital service to its community. Its mission, in simple terms, is to offer safe and affordable housing to senior citizens who fall into the low-income bracket. This nonprofit organization is dedicated to improving the living conditions of its elderly population, ensuring they have a secure and economical place to call home. By providing this essential service, Southwood Housing Development contributes significantly to the well-being and dignity of its senior residents, allowing them to live comfortably and with peace of mind.
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Impact
August, 2024
Southwood Housing Development's impact is evident in its provision of safe and affordable housing to low-income senior citizens in Cuthbert, Georgia. By offering this essential service, Southwood Housing Development is helping to address the pressing need for suitable housing options for vulnerable individuals in the community. Their efforts contribute to improving the quality of life for seniors who may otherwise struggle to find affordable and secure housing options.
This information is meant to be a general summary of Southwood Housing Development. 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: $2
- Program Service Revenue: $46,703
- Gross Receipts: $74,816
Assets and Liabilities:
- Total Assets: $618,811
- Total Liabilities: $1,395,778
- Net Assets: -$776,967
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDIZED RENTAL INCOME
Revenue
$46,631
OTHER MISCELLANEOUS REVENUE
Revenue
$72
Organization Details
Founding Year
2007
Phone
(229) 732-2128Principal Officer
Kevin Wilson
Main Address
PO BOX 403, CUTHBERT, GA, 39840
NTEE Category
Code: L21 - Housing
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