Overview
What is Gma America Inc?
Gma America Inc is a nonprofit organization based in Flushing, New York, with a specific focus on aiding the independence and rehabilitation of Korean-American homeless individuals primarily in the East Coast of the United States, particularly in the New York and New Jersey area. Their mission is to provide support and resources to help these individuals regain self-sufficiency and improve their lives. The organization's activities and mission remain dedicated to this cause, offering assistance to those in need within the specified regions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 23%
Gma America Inc has received a low rating of 23%, reflecting significant concerns about its accountability and financial management. The organization demonstrates some strengths, such as having a majority of independent board members, which indicates a degree of governance oversight. However, it lacks transparency in critical areas, such as posting its tax forms and having essential policies in place.
The charity's financial health is particularly alarming, with a liabilities to assets ratio of 202.94%, signaling potential financial instability. Additionally, there are no reported expenses dedicated to programs, which raises questions about the effective use of funds. The absence of conflict of interest, whistleblower, and document retention policies further contributes to the low accountability score.
Overall, while Gma America Inc has some governance strengths, the overall lack of transparency and poor financial indicators suggest significant room for improvement. Donors and stakeholders may want to consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Gma America Inc legitimate?
Gma America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gma America 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 Gma America Inc?
GMA America Inc is an organization dedicated to assisting in the independence and rehabilitation of Korean-American homeless individuals, primarily in the East Coast of the United States, with a focus on the New York and New Jersey areas. Their mission is to provide resources and support that enable these individuals to regain their independence and improve their living situations. The organization's activities are aimed at providing the necessary assistance to help these individuals overcome the challenges they face and rebuild their lives. By offering aid and rehabilitation services, GMA America Inc seeks to make a positive impact on the lives of Korean-American homeless individuals in need.
Who is the CEO of Gma America Inc?
Sung Won Park is the President of Gma America Inc.
What is the revenue of Gma America Inc?
Gma America Inc's revenue in 2022 was $40,963.
Who are the executives of Gma America Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gma America Inc?
Gma America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gma America Inc
Gma America Inc, a nonprofit organization, is dedicated to aiding in the independence and rehabilitation of Korean-American homeless individuals primarily in the East Coast of the United States, with a significant focus on the New York and New Jersey area. The organization's mission is to provide support and resources that enable these individuals to rebuild their lives and regain their independence. By offering assistance in this capacity, Gma America Inc aims to contribute positively to the Korean-American community and foster a sense of self-sufficiency among its members.
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
Gma America Inc's impact is significant in aiding the independence and rehabilitation of Korean-American homeless individuals in the East Coast of the United States, particularly in the New York and New Jersey area. Their focused mission on providing support and assistance to this specific community contributes to addressing the unique challenges faced by Korean-Americans experiencing homelessness in these regions. Through their efforts, Gma America Inc plays a crucial role in promoting self-sufficiency and empowerment among this vulnerable population.
This information is meant to be a general summary of Gma America 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.
- Gross Receipts: $40,963
Assets and Liabilities:
- Total Assets: $39,419
- Total Liabilities: $80,000
- Net Assets: -$40,581
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Principal Officer
Sung Won Park
Main Address
41-24 163RD ST 1, FLUSHING, NY, 11358
NTEE Category
Code: X20 - Religion related
If you are a representative of Gma America Inc 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.