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Gainesville Housing Corporation

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

EIN: 272070017 ✦ Gainesville, GA ✦ Designated as a 501(c)(3)

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Overview

What is Gainesville Housing Corporation?

Gainesville Housing Corporation is a nonprofit organization situated in Gainesville, Georgia. With a mission deeply rooted in social responsibility, its primary objective is to offer affordable housing alternatives to the low and moderate-income residents of Hall County. To achieve this goal, the corporation solicits financial support from various individuals, businesses, and public and private organizations. By doing so, they contribute to the betterment of their community, ensuring that a broader segment of society has access to comfortable and reasonably priced housing options.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)

Gainesville Housing Corporation has earned an 87% score, reflecting a solid Three-Star rating. The organization demonstrates strong accountability and finance practices, scoring 93% in this category. Notably, it has a fully independent board, robust financial oversight, and a high program expense ratio of 80%, indicating that a significant portion of its funding is directed towards its programs.

The nonprofit excels in its culture and community involvement, achieving a perfect score of 100%. It actively collects and utilizes feedback from stakeholders, ensuring that the voices of the community are heard and integrated into its operations. This commitment to engagement further enhances its reputation and effectiveness.

However, a notable limitation is the absence of a whistleblower policy, which received a score of zero. While other governance practices are strong, addressing this gap could enhance the organization's accountability framework. Overall, Gainesville Housing Corporation appears to be a well-managed nonprofit with a focus on community impact and financial integrity.


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

Is Gainesville Housing Corporation legitimate?

Gainesville Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gainesville Housing Corporation 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 Gainesville Housing Corporation?

The Gainesville Housing Corporation's mission is centered around providing affordable housing alternatives for individuals with modest income levels. This is achieved by seeking financial support from various sources, including individuals, businesses, and both public and private organizations. The corporation's objective is to expand the housing options available, thereby contributing positively to the community. By doing so, it aims to make housing more accessible and affordable for a significant portion of society.

Who is the CEO of Gainesville Housing Corporation?

Beth Brown is the Director of Gainesville Housing Corporation.

What is the revenue of Gainesville Housing Corporation?

Gainesville Housing Corporation's revenue in 2022 was $1,339,207.

Who are the executives of Gainesville Housing Corporation and what are their salaries?


Here are 6 key members and their salaries:


Mary Sue Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrell Smallwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Faron Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Myrtle Figueras (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Broughton Cochran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Brown (President)
  • Compensation: $0
  • Related: $186,252
  • Other: $0
Where can I find the form 990 for Gainesville Housing Corporation?

Gainesville Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Gainesville Housing Corporation

Gainesville Housing Corporation, a nonprofit organization, is committed to providing affordable housing alternatives for low and moderate income earning citizens in their community. The corporation achieves this objective by soliciting financial support from various individuals, businesses, and public and private organizations. Its mission is to make a significant impact in the lives of those in need, offering them the opportunity to secure decent housing without being burdened by exorbitant costs. By doing so, Gainesville Housing Corporation plays a crucial role in promoting social equality and ensuring that everyone has access to basic necessities, such as a place to call home.

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Impact




October, 2024

Gainesville Housing Corporation significantly enhances the quality of life for low and moderate-income residents of Hall County by offering affordable housing solutions. Through its efforts, the organization plays a crucial role in addressing housing disparities, ensuring that community members have access to safe and stable living environments.

By actively seeking financial support from individuals, businesses, and various public and private organizations, Gainesville Housing Corporation is able to expand its reach and impact. The provision of affordable housing not only contributes to the well-being of families but also fosters a thriving community, helping residents achieve greater financial stability and social equity.

The organization’s commitment to affordable housing alternatives promotes inclusivity and accessibility within Hall County, allowing more residents to find homes that fit their economic means. Overall, Gainesville Housing Corporation serves as a vital resource for fostering community development and improving housing conditions for those who may otherwise face significant challenges in securing adequate shelter.




This information is meant to be a general summary of Gainesville Housing Corporation. 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
$1,339,207 (2022)
Expenses
$315,132 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,209
  • Program Service Revenue: $1,263,153
  • Gross Receipts: $1,339,207

Assets and Liabilities:

  • Total Assets: $7,190,282
  • Total Liabilities: $66,508
  • Net Assets: $7,123,774

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

AFFORDABLE HOUSING DEVELOPER FEES

Revenue

$725,205

AFFORDABLE HOUSING DISTRIBUTION INCOME

Revenue

$496,266

AFFORDABLE HOUSING MANAGEMENT FEE

Revenue

$34,182

OTHER AFFORDABLE HOUSING INCOME

Revenue

$7,500

Organization Details

Founding Year

2010

Principal Officer

Beth Brown

Main Address

750 PEARL NIX PARKWAY, Gainesville, GA, 30501

NTEE Category

Code: L99 - Housing

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