Overview
What is Gray Senior Housing Inc?
Gray Senior Housing Inc is a nonprofit organization dedicated to offering affordable housing solutions for the elderly population. Through senior citizens housing and retirement communities, they strive to ensure the elderly have comfortable living arrangements. Their mission revolves around providing affordable housing options, catering specifically to the needs of elderly individuals. This organization works tirelessly to offer elderly individuals a sense of home and security, ensuring they have access to suitable living arrangements. By doing so, they contribute to improving the quality of life for this demographic, providing them with a sense of community and belonging.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star rating)
Gray Senior Housing Inc has shown a strong commitment to accountability and finance, achieving a perfect score in these areas. The organization boasts a fully independent board, which is an important factor in governance. However, the nonprofit has multiple weaknesses in transparency, such as missing essential policies and website information, which has significantly impacted its overall rating.
Despite having a high program expense ratio, indicating that all of its expenses are directed towards its programs, the organization's lack of crucial governance policies is concerning. Missing items include a conflict of interest policy and a whistleblower policy, which are vital for maintaining integrity and trust within the organization. Additionally, the absence of its website on its tax form and other transparency issues detract from its overall effectiveness.
In summary, while Gray Senior Housing Inc has strengths in financial management and governance structures, it faces significant challenges in transparency and policy adherence that need to be addressed to improve its standing and reputation within the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Gray Senior Housing Inc legitimate?
Gray Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gray Senior 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: $0
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What is the mission statement of Gray Senior Housing Inc?
Gray Senior Housing Inc's mission is centered around providing affordable housing solutions for the elderly. This is achieved through the establishment of senior citizens housing and retirement communities. The organization's primary goal is to ensure that the elderly population has access to comfortable living arrangements, thereby enhancing their quality of life. Gray Senior Housing Inc strives to make affordable housing a reality for the elderly, thereby contributing to their overall well-being.
Who is the CEO of Gray Senior Housing Inc?
Eric Boucher is the Director of Gray Senior Housing Inc. The CEO's salary of Gray Senior Housing Inc is $0 and their total compensation is $226,435.
What is the revenue of Gray Senior Housing Inc?
Gray Senior Housing Inc's revenue in 2022 was $203,169.
Who are the executives of Gray Senior Housing Inc and what are their salaries?
Here are 23 key members and their salaries (Gray Senior Housing Inc's CEO's salary is $0 and their total compensation is $226,435):
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- Related: $238,190
- Other: $47,500
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- Related: $185,435
- Other: $41,000
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- Related: $157,819
- Other: $27,000
Where can I find the form 990 for Gray Senior Housing Inc?
Gray Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gray Senior Housing Inc
Gray Senior Housing Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly population. Their mission is to ensure that elderly individuals have access to comfortable living arrangements, specifically through senior citizens housing and retirement communities. By offering these housing options, Gray Senior Housing Inc aims to enhance the quality of life for the elderly, providing them with a sense of security and community.
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Impact
October, 2024
Gray Senior Housing Inc significantly impacts the community by addressing the critical need for affordable housing options for elderly individuals. By offering senior citizens housing and retirement communities, Gray Senior Housing ensures that seniors have access to comfortable and secure living arrangements. This initiative not only enhances the quality of life for elderly residents in Portland, ME but also fosters a sense of community and belonging among individuals in this age group. The organization plays a vital role in alleviating the challenges faced by seniors who may struggle to find safe and affordable housing, contributing to their overall well-being and independence.
This information is meant to be a general summary of Gray Senior 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 2022.
- Investment Income: $60
- Program Service Revenue: $124,092
- Gross Receipts: $203,169
Assets and Liabilities:
- Total Assets: $434,570
- Total Liabilities: $265,397
- Net Assets: $169,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$121,410
LAUNDRY/MISCELLANEOUS
Revenue
$2,682
Organization Details
Founding Year
1975
Phone
(207) 553-7777Principal Officer
Eric Boucher
Main Address
307 CUMBERLAND AVENUE, PORTLAND, ME, 04101
NTEE Category
Code: L22 - Housing
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