Overview
What is Green Acres Cooperative Inc?
Green Acres Cooperative Inc is a nonprofit organization, specifically established to own and manage a community of manufactured homes. Located in Kalispell, Montana, their primary goal is to provide an affordable living solution for low and moderate-income individuals and families. By operating on a cooperative basis, Green Acres Cooperative aims to control rental costs and preserve the community for its current and future residents. Their mission is to ensure the community remains affordable in the long term, ensuring sustainability and continuity for its members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating
Green Acres Cooperative Inc has received a 72% score, indicating a Two-Star rating primarily based on its Accountability & Finance measures. This score reflects a strong emphasis on financial responsibility, with an impressive program expense ratio of 96.51%, suggesting that a significant portion of its funds are directed towards its programs rather than administrative costs.
The organization boasts a fully independent board, scoring perfect marks in both majority independent board member criteria and independent board size. However, it does face challenges with its liabilities to assets ratio, which scored 0 out of 15 points, indicating potential concerns regarding financial stability. Overall, while Green Acres Cooperative Inc demonstrates strong governance and a commitment to transparency, the financial health aspect points to areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Green Acres Cooperative Inc legitimate?
Green Acres Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Green Acres Cooperative 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 Green Acres Cooperative Inc?
Green Acres Cooperative Inc is organized with a mission to operate a manufactured housing community on a cooperative basis, benefiting both current and future residents. The primary goal of the organization is to control rental costs, preserve the community for the long term, and ensure it remains affordable for low- and moderate-income individuals and families. This is achieved by operating a resident-owned manufactured housing community.
Who is the CEO of Green Acres Cooperative Inc?
Trisha Fauth is the President of Green Acres Cooperative Inc.
What is the revenue of Green Acres Cooperative Inc?
Green Acres Cooperative Inc's revenue in 2022 was $122,004.
Who are the executives of Green Acres Cooperative Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Green Acres Cooperative Inc?
Green Acres Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Green Acres Cooperative Inc
Green Acres Cooperative Inc, as a cooperative organization, is committed to achieving several goals. Primarily, it aims to gain control over rental costs within the community it operates, a manufactured housing community. This objective is driven by a desire to provide a stable living environment for both current and future residents.
Beyond controlling rental costs, Green Acres Cooperative Inc also seeks to preserve the community for its residents. This preservation effort is crucial in ensuring the continuity and sustainability of the community for generations to come. Furthermore, the organization is dedicated to keeping the community affordable for low and moderate-income individuals and families. By adhering to this mission, Green Acres Cooperative Inc aims to maintain an inclusive and equitable living space that caters to a diverse group of people.
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Impact
October, 2024
Green Acres Cooperative Inc plays a vital role in providing stable and affordable housing options for low and moderate-income individuals and families in Kalispell, MT. By owning and operating a resident-owned manufactured housing community, the cooperative empowers its members to have a say in their living conditions, fostering a sense of ownership and community.
The cooperative's mission focuses on controlling rental costs and preserving the community for both current and future homeowners. This approach ensures long-term affordability and security for residents, significantly impacting their quality of life. By prioritizing the collective welfare of its members, Green Acres not only addresses immediate housing needs but also helps create a sustainable environment where families can thrive.
Through its efforts, Green Acres Cooperative Inc contributes to the overall stability of the housing market in the region, promoting a cooperative model that can serve as a blueprint for other communities seeking similar solutions.
This information is meant to be a general summary of Green Acres Cooperative 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: $224
- Program Service Revenue: $119,780
- Gross Receipts: $122,004
Assets and Liabilities:
- Total Assets: $1,061,261
- Total Liabilities: $867,961
- Net Assets: $193,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOBILE HOME LOT RENT
Revenue
$119,780
Organization Details
Founding Year
2010
Phone
(406) 212-5330Principal Officer
Trisha Fauth
Main Address
1721 SOUTH WOODLAND DRIVE, KALISPELL, MT, 59901
NTEE Category
Code: L50 - Housing
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