Overview
What is Garrett Road Apartments Inc?
Garrett Road Apartments Inc is a nonprofit organization based in Shreveport, Louisiana, dedicated to supporting the mentally ill. They operate as a group home and residential treatment facility, focusing on mental health care. Their primary mission is to provide affordable housing for individuals struggling with mental illness, aiming to create a community that fosters recovery and wellbeing. The organization offers essential resources and services, serving as a sanctuary for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Garrett Road Apartments Inc has earned a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The overall score is significantly bolstered by a high Accountability & Finance score of 80%. This reflects the organization’s commitment to transparency and effective use of funds, which is essential for donor confidence.
The nonprofit demonstrates strong governance practices, with a fully independent board comprising four members. There are no reported issues related to asset diversion, and the organization meets all the criteria for document retention and board meeting documentation. Additionally, they maintain a favorable liabilities to assets ratio, suggesting sound financial health.
One notable strength is the high program expense ratio of 81.04%, which indicates that a substantial portion of their funds is directed towards programming rather than administrative costs. However, while the score is robust, there may still be opportunities for further improvement in areas that could enhance their overall impact and outreach.
This AI summary has been generated from information found on Charity Navigator.
Is Garrett Road Apartments Inc legitimate?
Garrett Road Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garrett Road Apartments 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: $15,490
For more financial information, click here
What is the mission statement of Garrett Road Apartments Inc?
Garrett Road Apartments Inc is dedicated to providing affordable housing for individuals living with mental illness. As a group home and residential treatment facility, this organization focuses on mental health care, aiming to provide a supportive living environment for its residents. Based on the information provided, it appears that the organization's mission is to offer a safe and comfortable space for those dealing with mental health challenges, thereby improving their quality of life.
Who is the CEO of Garrett Road Apartments Inc?
Darryl Cherry is the Director/President of Garrett Road Apartments Inc.
What is the revenue of Garrett Road Apartments Inc?
Garrett Road Apartments Inc's revenue in 2022 was $79,134.
Who are the executives of Garrett Road Apartments Inc and what are their salaries?
Here are 4 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
Where can I find the form 990 for Garrett Road Apartments Inc?
Garrett Road Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Garrett Road Apartments Inc
Garrett Road Apartments Inc is a non-profit organization dedicated to providing low-income housing for individuals struggling with mental health issues. Situated as a group home and residential treatment facility, this organization focuses on offering a supportive environment for those in need. The mission of Garrett Road Apartments Inc is to offer a safe and nurturing living space for the mentally ill, serving as a crucial resource in their journey towards recovery. Based on the information provided, it appears that this organization operates as a residential treatment facility, catering specifically to individuals with mental health issues who are in need of low-income housing.
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Impact
June, 2024
Garrett Road Apartments Inc's impact lies in providing essential low-income housing for individuals struggling with mental illness. By operating as a group home and residential treatment facility focused on mental health in Shreveport, LA, this organization directly addresses the pressing need for safe and supportive living arrangements for this vulnerable population. Garrett Road Apartments Inc's mission to offer affordable housing and specialized care for the mentally ill plays a vital role in promoting stability, recovery, and improved quality of life for those facing mental health challenges.
This information is meant to be a general summary of Garrett Road Apartments 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: $121
- Program Service Revenue: $19,320
- Gross Receipts: $79,134
Assets and Liabilities:
- Total Assets: $776,871
- Total Liabilities: $44,378
- Net Assets: $732,493
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$24,307
VACANCIES
Revenue
-$4,987
Organization Details
Founding Year
2002
Phone
(318) 343-9200Principal Officer
Darryl Cherry
Main Address
PO 1117, SHREVEPORT, LA, 71163
NTEE Category
Code: F33 - Mental health
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