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Aalc Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262480633 ✦ Lookout mountain, GA ✦ Designated as a 501(c)(3)

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Overview

What is Aalc Inc?

Aalc Inc, located in Lookout Mountain, Georgia, is a nonprofit organization that is in the final stages of construction. Their primary mission is to cater to the health, religious, and educational needs of elderly individuals. This is achieved through the establishment of an assisted living community that aims to improve their overall well-being. The organization is committed to advancing the specific requirements of the elderly, ensuring they receive the necessary support and care during their later years.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67% (Two-Star out of Four Stars)

Aalc Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are notable areas of concern regarding accountability and financial practices. The charity's Accountability & Finance score is 67%, with a particularly strong program expense ratio of 100%, suggesting that all of its expenses are directed toward its programs. However, the organization lacks independent board members and has failing scores in several governance-related categories.

One significant limitation is the absence of independent members on the board, which may affect the organization’s oversight and transparency. Additionally, the charity has not posted its website on its tax form and lacks a whistleblower policy, which are both critical for maintaining accountability. While it does have a conflict of interest policy and document retention guidelines in place, the overall governance structure raises questions about its effectiveness.

Despite these concerns, Aalc Inc has successfully avoided any material diversion of assets, indicating proper management of its resources. It is crucial for potential donors to consider these factors when evaluating the organization’s sustainability and overall impact.


This AI summary has been generated from information found on Charity Navigator.

Is Aalc Inc legitimate?

Aalc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aalc 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 Aalc Inc?

Aalc Inc, through its mission, focuses on addressing the health, religious, and educational needs of the elderly. Their goal is to enhance the well-being of elderly individuals in these areas. Currently, an assisted living community is under construction to help facilitate this mission, providing a supportive environment for the elderly. The organization is committed to improving the quality of life for the elderly, ensuring they have access to the resources they need for their spiritual, intellectual, and physical growth.

Who is the CEO of Aalc Inc?

Frank A Brock is the President of Aalc Inc.

What is the revenue of Aalc Inc?

Aalc Inc's revenue in 2022 was $85,085.

Who are the executives of Aalc Inc and what are their salaries?


Here are 5 key members and their salaries:


Frank Brock (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Erickson (Assistant Secretary/Treasu)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Morton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Leavengood (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marni Halvorson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Aalc Inc?

Aalc Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Aalc Inc

Aalc Inc, a nonprofit organization, is dedicated to advancing the health, religious, and educational needs of the elderly. With a clear mission in mind, Aalc Inc works tirelessly to meet the diverse requirements of this demographic. By constructing an assisted living community, Aalc Inc strives to enhance the overall well-being of elderly individuals, encompassing their physical, spiritual, and intellectual needs. This community serves as a sanctuary where the elderly can live with dignity, engage in meaningful activities, and receive the necessary support to lead fulfilling lives.

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Impact




October, 2024

Aalc Inc is making a significant impact on the lives of elderly individuals in Lookout Mountain, GA, through its focus on improving health, religious, and educational well-being. By establishing an assisted living community, Aalc Inc aims to create a supportive environment that addresses the diverse needs of seniors. This initiative not only provides essential housing but also fosters a sense of community and belonging, enhancing the quality of life for its residents.

The forthcoming assisted living facility is designed to empower elderly individuals by delivering comprehensive services tailored to their health and wellness, spiritual growth, and lifelong learning. This holistic approach is crucial in ensuring that seniors remain engaged and fulfilled, promoting both physical health and emotional well-being. Aalc Inc's commitment to enriching the lives of the elderly reflects a broader dedication to creating a nurturing and inclusive atmosphere where seniors can thrive.




This information is meant to be a general summary of Aalc 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.

Revenue
$85,085 (2022)
Expenses
$10,203 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $85
  • Gross Receipts: $85,085

Assets and Liabilities:

  • Total Assets: $692,578
  • Total Liabilities: $0
  • Net Assets: $692,578

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Organization Details

Founding Year

2007

Principal Officer

Frank A Brock

Main Address

199 BROW WOOD LANE, LOOKOUT MOUNTAIN, GA, 30750

NTEE Category

Code: L22 - Housing

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