Overview
What is Grand Avenue Ecdc Housing Inc?
Grand Avenue Ecdc Housing Inc is a nonprofit organization located in Orlando, Florida, specifically at 3200 West Colonial Drive. Their primary mission is to offer suitable housing solutions for individuals with disabilities who fall under low-income brackets, as stipulated in section 811 of the National Housing Act. To achieve this, they have secured Project Rental Assistance Contracts (PRACS) and are regulated by the HUD. Their purpose is centered around serving the Volusia county community, ensuring that disabled, low-income individuals have access to appropriate housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 38% (Zero-Star out of Four Star rating)
Grand Avenue Ecdc Housing Inc has received a low rating of 38%, which reflects significant concerns regarding its accountability and financial practices. The rating is primarily based on a singular focus on accountability, where the organization scored poorly on key governance metrics, such as board independence and the presence of important policies like conflict of interest and whistleblower protections.
The organization does have strengths in certain areas; for instance, it demonstrated a solid program expense ratio of 78.04%, indicating a commitment to directing funds towards its programs. Additionally, there were no material diversions of assets reported, which is a positive sign for stakeholders regarding financial integrity. However, the lack of independent board members and missing essential governance documents raise red flags about oversight and transparency within the organization.
Overall, while Grand Avenue Ecdc Housing Inc shows promise in program expenditures, the significant shortcomings in governance and accountability highlight the need for improvements to enhance trust and reliability among donors and beneficiaries. This situation emphasizes the importance of strong organizational practices to ensure nonprofit effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Avenue Ecdc Housing Inc legitimate?
Grand Avenue Ecdc Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Avenue Ecdc Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,907
For more financial information, click here
What is the mission statement of Grand Avenue Ecdc Housing Inc?
Grand Avenue ECDC Housing Inc's mission is centered around providing suitable housing options for individuals with disabilities who fall under the low-income bracket. This organization adheres to Section 811 of the National Housing Act, offering 15 apartments through Project Rental Assistance Contracts (PRACS). Their mission is overseen by the HUD, ensuring regulatory compliance.
What is the revenue of Grand Avenue Ecdc Housing Inc?
Grand Avenue Ecdc Housing Inc's revenue in 2024 was $93,908.
Who are the executives of Grand Avenue Ecdc Housing Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Grand Avenue Ecdc Housing Inc?
Grand Avenue Ecdc Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Grand Avenue Ecdc Housing Inc
Grand Avenue ECDC Housing Inc, as a nonprofit organization, is committed to providing housing solutions for disabled individuals with low income residing in Volusia county. Their mission, in essence, is to create an inclusive living environment for this vulnerable group, ensuring they have access to suitable housing options. This is accomplished through the provision of 15 apartments, which are funded under section 811 of the National Housing Act. These apartments come with Project Rental Assistance Contracts (PRACS) and are subject to HUD regulations, providing a secure and stable living environment for the residents. Grand Avenue ECDC Housing Inc's mission is essential in addressing the housing needs of disabled individuals with low income, helping them to live with dignity and independence.
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Impact
October, 2024
Grand Avenue Ecdc Housing Inc significantly enhances the quality of life for disabled low-income individuals in Volusia County by offering stable and affordable housing options. The organization operates 15 apartments tailored specifically for this vulnerable population under section 811 of the National Housing Act, ensuring compliance with HUD regulations. By providing Project Rental Assistance Contracts (PRACs), they make it financially feasible for residents to secure safe and accessible living environments.
This initiative not only alleviates housing insecurity but also fosters a sense of community and belonging among residents. By addressing the specific needs of handicapped individuals, Grand Avenue Ecdc Housing Inc empowers its residents to live independently and flourish, contributing positively to the local community. Their work is crucial in creating more inclusive living spaces, ultimately impacting the overall wellbeing and stability of disabled low-income individuals in the region.
This information is meant to be a general summary of Grand Avenue Ecdc Housing 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 2024.
- Program Service Revenue: $91,999
- Gross Receipts: $93,908
Assets and Liabilities:
- Total Assets: $1,140,226
- Total Liabilities: $1,801,349
- Net Assets: -$661,123
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Project Rent Assist
Revenue
$48,287
Tenant Rent Revenue
Revenue
$44,883
Vacancies
Revenue
-$1,171
Organization Details
Founding Year
2002
Principal Officer
Larri Thatcher
NTEE Category
Code: L21 - Housing
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