Overview
What is The Haven On Broad Inc?
The Haven On Broad Inc is a nonprofit organization situated in Cairo, Georgia, specifically at PO Box 402. Its primary mission is to provide housing solutions for low-income elderly individuals. It accomplishes this by managing a 17-unit apartment community, which is regulated by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act of 1959. This housing initiative aims to improve the living conditions and overall well-being of elderly individuals who may be financially challenged.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Haven On Broad Inc has received an overall score of 82%, translating to a Three-Star rating, which indicates a commendable level of accountability and financial management. The rating is entirely based on the Accountability & Finance beacon, showcasing the organization's commitment to transparency and responsible use of funds. The charity's fiscal practices reflect a strong governance structure, with a fully independent board and comprehensive policies in place.
Strengths highlighted in the assessment include a perfect score in several areas such as independent board members, conflict of interest policy, and program expense ratio, with 87.51% of expenses dedicated to programs. These metrics suggest that the organization prioritizes its mission and focuses its resources effectively on program delivery, which is a positive indicator for potential donors and beneficiaries alike.
However, there is a notable concern regarding the liabilities to assets ratio, which stands at 150.22%. This suggests that the organization may have a higher level of liabilities compared to its assets, potentially indicating financial strain or risk. Overall, while The Haven On Broad Inc demonstrates solid governance and program efficiency, prospective supporters should consider the financial leverage and obligations the organization carries.
This AI summary has been generated from information found on Charity Navigator.
Is The Haven On Broad Inc legitimate?
The Haven On Broad Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Haven On Broad 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: $31,721
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What is the mission statement of The Haven On Broad Inc?
The Haven On Broad Inc is committed to providing housing solutions for low-income elderly individuals. They accomplish this by operating an apartment community under the regulation of the U.S. Department of Housing and Urban Development, specifically under Section 202 of the National Housing Act of 1959. This organization, through its housing facilities, aims to contribute positively to the lives of elderly persons who may be financially disadvantaged. Currently, they manage a 17-unit apartment community to provide a comfortable living environment for these individuals.
Who is the CEO of The Haven On Broad Inc?
Johnny H Moore is the President of The Haven On Broad Inc.
What is the revenue of The Haven On Broad Inc?
The Haven On Broad Inc's revenue in 2022 was $72,251.
Who are the executives of The Haven On Broad Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Haven On Broad Inc?
The Haven On Broad Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Haven On Broad Inc
The Haven On Broad Inc, a nonprofit organization, is dedicated to providing housing solutions for low-income elderly individuals. It accomplishes this mission by operating an apartment community that falls under the regulation of the U.S. Department of Housing and Urban Development, specifically under Section 202 of the National Housing Act of 1959. The organization currently manages a 17-unit apartment community, offering a secure and suitable living environment for its residents. The Haven On Broad Inc's mission is centered around ensuring that elderly individuals with limited financial resources can maintain their independence and dignity while residing in a safe and supportive environment.
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Impact
August, 2024
The Haven On Broad Inc's impact can be primarily seen in the provision of housing to low-income elderly persons through the operation of a 17-unit apartment community. Regulated by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act of 1959, this organization plays a crucial role in addressing the housing needs of vulnerable elderly individuals in the community of Cairo, GA. By offering affordable and regulated housing options, The Haven On Broad Inc contributes significantly to improving the quality of life and overall well-being of this demographic, ensuring they have a safe and stable place to call home.
This information is meant to be a general summary of The Haven On Broad 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: $70
- Program Service Revenue: $72,181
- Gross Receipts: $72,251
Assets and Liabilities:
- Total Assets: $1,080,667
- Total Liabilities: $1,623,395
- Net Assets: -$542,728
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$71,161
LAUNDRY & VENDING INCO
Revenue
$1,020
Organization Details
Founding Year
2008
Phone
(229) 378-3633Principal Officer
Johnny H Moore
Main Address
PO BOX 402, CAIRO, GA, 39828
NTEE Category
Code: L22 - Housing
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