Overview
What is Greystone Housing Foundation?
Greystone Housing Foundation is a nonprofit organization based in San Diego, California, with a focus on affordable housing. The organization, led by its dedicated board members, specializes in developing housing solutions primarily for seniors. However, it also extends its efforts to support disabled veterans and young adults. Notably, the foundation completed feasibility studies for potential projects without incurring any costs. In addition to its housing mission, the organization recently received a DC-3 aircraft as a gift, which will be utilized for both educational and emergency relief purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Greystone Housing Foundation has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall rating is based entirely on the Accountability & Finance beacon, where the charity scored 54%. While the foundation demonstrates strengths in governance, with a fully independent board and comprehensive policies in place, these positives are overshadowed by a low program expense ratio.
The organization has maintained good practices in several areas, including a conflict of interest policy and whistleblower protection, earning full points for their implementation. However, the charity's liabilities to assets ratio is concerning, as it scored 0 out of 15 points in this category. This suggests potential financial instability that could affect its operations and mission fulfillment.
Additionally, the program expense ratio of 45.82% indicates that less than half of its expenses are directed towards program activities, which is a notable limitation for potential donors assessing the charity's effectiveness. Overall, while Greystone Housing Foundation has strong governance policies in place, its financial metrics raise red flags that may warrant caution for supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Greystone Housing Foundation legitimate?
Greystone Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greystone Housing Foundation 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 Greystone Housing Foundation?
The Greystone Housing Foundation's mission is centered around developing affordable housing, with a primary focus on providing homes for seniors. The organization also shows a strong commitment towards housing for disabled veterans and young adults. In addition to its housing initiatives, the foundation has recently acquired a DC-3 plane, which will be utilized for educational and emergency relief purposes. The organization has managed to complete design and feasibility studies for potential projects without incurring any costs from external sources, thanks to the contributions of its board members.
Who is the CEO of Greystone Housing Foundation?
Paul Dugas is the Director of Greystone Housing Foundation.
What is the revenue of Greystone Housing Foundation?
Greystone Housing Foundation's revenue in 2022 was $72,644.
Who are the executives of Greystone Housing Foundation 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 Greystone Housing Foundation?
Greystone Housing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greystone Housing Foundation
Greystone Housing Foundation is an organization dedicated to developing affordable housing, with a primary focus on providing homes for senior citizens. Beyond this, the foundation shows a special emphasis on housing for disabled veterans and young adults. With a recent gift of a DC-3 plane, the organization also plans to utilize the aircraft for educational and emergency relief purposes. The members of the board of directors have contributed to the design and feasibility studies for potential projects without any additional costs.
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
August, 2024
Greystone Housing Foundation has a significant impact on the community by developing affordable housing, with a primary focus on housing for seniors. They also place additional emphasis on providing housing for disabled veterans and young adults. The organization's mission to address the housing needs of these specific populations helps to create a more inclusive and supportive living environment. The commitment of the board of directors to complete design and feasibility studies for potential projects without cost demonstrates a dedication to efficient use of resources and a strong sense of responsibility towards those in need of affordable housing. Additionally, the recent gift of a DC-3 for educational and emergency relief purposes showcases Greystone Housing Foundation's innovative approach to addressing community challenges beyond traditional housing initiatives.
This information is meant to be a general summary of Greystone Housing Foundation. 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: $13
- Gross Receipts: $72,644
Assets and Liabilities:
- Total Assets: $384,176
- Total Liabilities: $0
- Net Assets: $384,176
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(619) 804-7653Principal Officer
Paul Dugas
Main Address
4485 TIVOLI ST, SAN DIEGO, CA, 92107
NTEE Category
Code: L20 - Housing
If you are a representative of Greystone Housing Foundation 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.