Overview
What is Greensboro United Methodist Housing Inc?
Greensboro United Methodist Housing Inc is a nonprofit organization situated in Greensboro, North Carolina. Their primary mission is to offer affordable housing options for senior citizens, encompassing a 78-unit apartment complex. The organization operates under Section 231 of the National Housing Act, regulated by the United States Department of Housing and Urban Development (HUD), setting the rental rates and operational guidelines. A substantial portion of the project's income is derived from HUD through a Housing Assistance Payments contract, ensuring affordable housing for its residents. Their commitment significantly contributes to the well-being of senior citizens in the Greensboro community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 72%
Greensboro United Methodist Housing Inc has received a rating of 72%, translating to a Two-Star out of Four Star rating on Charity Navigator. This rating reflects a need for improvement within the organization. The accountability and finance score is also 72%, indicating that while there are strengths in some areas, there are significant challenges in financial management.
The organization demonstrates solid governance with 100% of its board members being independent, which is a positive indicator of accountability. It also excels in auditing financial statements and shows no material diversion of assets. Additionally, the program expense ratio is commendable at 98.31%, suggesting most funds are directed towards its mission.
However, the liabilities to assets ratio is concerning at 62.92%, indicating that the organization may have a high level of debt relative to its assets. This could pose risks for financial stability in the future. Overall, while there are many strengths in governance and mission-focused spending, Greensboro United Methodist Housing Inc must address its financial health to improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Greensboro United Methodist Housing Inc legitimate?
Greensboro United Methodist Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greensboro United Methodist 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
For more financial information, click here
What is the mission statement of Greensboro United Methodist Housing Inc?
Greensboro United Methodist Housing Inc is committed to providing affordable housing options for senior citizens. Their mission is realized through the operation of a 78-unit apartment complex, which is regulated by the United States Department of Housing and Urban Development (HUD) in terms of rental rates and operating methods. A substantial portion of the project's rental income is sourced from HUD, further reinforcing their commitment to making housing accessible and affordable for senior citizens. The organization's activities primarily focus on serving this specific demographic, ensuring they can live comfortably and with dignity.
Who is the CEO of Greensboro United Methodist Housing Inc?
Larry Proctor is the Chairman of Greensboro United Methodist Housing Inc.
What is the revenue of Greensboro United Methodist Housing Inc?
Greensboro United Methodist Housing Inc's revenue in 2022 was $675,850.
Who are the executives of Greensboro United Methodist Housing Inc and what are their salaries?
There 8 volunteers at Greensboro United Methodist Housing Inc.
Here are 8 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Greensboro United Methodist Housing Inc?
Greensboro United Methodist Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greensboro United Methodist Housing Inc
Greensboro United Methodist Housing Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for senior citizens. Their mission is centered around operating a 78-unit apartment complex, which caters specifically to the elderly population. This project is regulated by the United States Department of Housing and Urban Development (HUD), ensuring compliance with rental rates and operating methods. A significant portion of the rental income for this project is funded through a Housing Assistance Payments contract with HUD, furthering their commitment to affordable housing. By providing a secure living environment and necessary support, Greensboro United Methodist Housing Inc aims to enhance the quality of life for senior citizens, allowing them to age with dignity and security.
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
Greensboro United Methodist Housing Inc's impact can be seen in their dedicated efforts to provide affordable housing to senior citizens in Greensboro, North Carolina. Through their operation of a 78-unit apartment complex for the elderly in the city, they ensure that this vulnerable population has access to safe and comfortable living spaces. By adhering to regulations set by the United States Department of Housing and Urban Development (HUD) and maintaining a Housing Assistance Payments contract, Greensboro United Methodist Housing Inc plays a critical role in supporting the housing needs of senior citizens in the community. Their commitment to this mission translates into tangible benefits for seniors who may face challenges in securing affordable housing options.
This information is meant to be a general summary of Greensboro United Methodist 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: $2,024
- Program Service Revenue: $268,134
- Gross Receipts: $676,125
Assets and Liabilities:
- Total Assets: $3,149,432
- Total Liabilities: $1,981,643
- Net Assets: $1,167,789
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
$268,134
Organization Details
Founding Year
1971
Phone
(336) 544-2300Principal Officer
Larry Proctor
Main Address
2608 MERRITT DRIVE, GREENSBORO, NC, 27407
NTEE Category
Code: L22Z - Housing
If you are a representative of Greensboro United Methodist Housing Inc 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.