Overview
What is Grace Congregate Housing Corporation?
Grace Congregate Housing Corporation is a nonprofit organization situated in Waterbury, Connecticut. Their primary focus is on offering affordable housing options for the elderly community. Through a subsidized program, they provide 40 units of living quarters, catering specifically to this demographic. The organization's mission revolves around enhancing the living conditions for the elderly population, ensuring they have access to suitable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Grace Congregate Housing Corporation has achieved a notable 90% score from Charity Navigator, reflecting strong performance in accountability and finance. This high rating signifies effective management of resources, ensuring that the majority of donations are directed towards its programs rather than administrative costs.
The organization boasts a fully independent board, which is critical for maintaining transparency and accountability. With a program expense ratio of 86.33%, it demonstrates a commitment to utilizing funds efficiently for its mission. Additionally, the presence of robust financial oversight and policies, such as a conflict of interest policy, further enhances its credibility.
Despite these strengths, the rating is based solely on the accountability and finance beacon, which may imply that other operational aspects were not evaluated. While the organization appears to be financially sound, potential donors may want to consider researching its programmatic impact and outcomes for a more comprehensive understanding.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Congregate Housing Corporation legitimate?
Grace Congregate Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Congregate Housing Corporation 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: $87,758
For more financial information, click here
What is the mission statement of Grace Congregate Housing Corporation?
Grace Congregate Housing Corporation's mission is centered around providing affordable living accommodations for the elderly community. Situated in an unspecified location, the corporation operates a program offering 40 subsidized units. Their primary goal is to ensure that low-income senior citizens have access to suitable housing options. The corporation stands committed to this mission, seeking to make a positive impact on the lives of the elderly population.
What is the revenue of Grace Congregate Housing Corporation?
Grace Congregate Housing Corporation's revenue in 2023 was $568,236.
Who are the executives of Grace Congregate Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grace Congregate Housing Corporation?
Grace Congregate Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Grace Congregate Housing Corporation
Grace Congregate Housing Corporation is committed to providing affordable housing for the elderly community in Waterbury, Connecticut. Through their mission, they offer subsidized units to low-income elderly individuals, striving to meet their housing needs. The organization's primary focus is on enhancing the living conditions and ensuring a secure and comfortable environment for this vulnerable population.
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
July, 2024
Grace Congregate Housing Corporation's impact is significant in providing low-income elderly housing in Waterbury, Connecticut. By offering 40 units of subsidized housing, they fulfill a crucial need in the community by ensuring affordable and safe housing for elderly residents. Their mission is dedicated to supporting the elderly population, making a tangible difference in the lives of those who might otherwise struggle to find suitable housing options.
This information is meant to be a general summary of Grace Congregate Housing Corporation. 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 2023.
- Investment Income: $112
- Program Service Revenue: $568,124
- Gross Receipts: $568,236
Assets and Liabilities:
- Total Assets: $3,230,078
- Total Liabilities: $46,361
- Net Assets: $3,183,717
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.
RENTAL INCOME
Revenue
$568,124
Organization Details
Founding Year
1996
Principal Officer
Eva Anderson
NTEE Category
Code: L20 - Housing
If you are a representative of Grace Congregate Housing Corporation 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.