Overview
What is Garden Of Hope Inc?
Garden of Hope Inc, located in Birmingham, Alabama, is a nonprofit organization committed to providing low-income housing for individuals over the age of 61. Operating under Section 202 of the National Housing Act, as overseen by the HUD, this organization aims to ensure elderly people have access to suitable housing. The organization's mission is to enhance the lives of seniors by offering them a secure living environment, contributing to their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 49%, Zero-Star out of Four Star rating.
Garden Of Hope Inc has received a low rating of 49%, primarily due to its performance in the Accountability & Finance category. The rating highlights significant issues, particularly related to transparency and financial management. While the organization boasts a fully independent board and adheres to policies regarding whistleblower protection and document retention, it lacks a conflict of interest policy and has missing elements such as a listed website on its tax form.
The organization shows some strength in its governance, with all board members being independent and no material diversion of assets reported. However, its financial ratios are concerning; the liabilities to assets ratio is high at 165.74%, indicating potential financial instability. Furthermore, with program expenses consisting of only 51.53% of total expenses, the organization may not be utilizing its funding as effectively as desired.
In summary, while Garden Of Hope Inc demonstrates strong governance structures, it faces critical challenges in transparency and financial health that contribute to its overall low rating. Stakeholders may want to consider these factors when evaluating the organization’s effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Garden Of Hope Inc legitimate?
Garden Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garden Of Hope 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: $42,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,657
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What is the mission statement of Garden Of Hope Inc?
Garden of Hope Inc. is committed to providing low-income housing for individuals who are 61 years old or above, adhering to Section 202 of the National Housing Act, as amended and regulated by HUD. The organization's primary mission is to offer a safe and affordable living space for this age group, ensuring their needs are met with dignity and respect. By doing so, Garden of Hope Inc. contributes to enhancing the quality of life for elderly individuals, enabling them to live independently and comfortably. Additionally, the organization follows the regulations set by HUD to ensure compliance and maintain the standard of living for its residents.
Who is the CEO of Garden Of Hope Inc?
Demetruis Vines is the President of Garden Of Hope Inc.
What is the revenue of Garden Of Hope Inc?
Garden Of Hope Inc's revenue in 2023 was $498,011.
Who are the executives of Garden Of Hope Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Garden Of Hope Inc?
Garden Of Hope Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Garden Of Hope Inc
Garden of Hope Inc, as a nonprofit organization, is dedicated to providing low-income housing for elderly individuals over the age of 61. This mission is in line with Section 202 of the National Housing Act, which it adheres to and is regulated by the HUD. The primary objective of Garden of Hope Inc is to offer a safe and affordable living space for senior citizens who may be financially constrained, ensuring they can live with dignity and independence in their golden years.
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Impact
July, 2024
The impact of Garden Of Hope Inc is felt through its provision of low-income housing to elderly individuals over the age of 61 in Birmingham, AL. By offering this vital service under the guidelines of Section 202 of the National Housing Act as amended and regulated by HUD, Garden Of Hope Inc is able to address the housing needs of this specific demographic group. This assistance not only ensures a roof over the heads of elderly low-income individuals but also contributes to their overall well-being and quality of life. Through this mission, Garden Of Hope Inc plays a crucial role in supporting the community and meeting the human services needs of elderly residents in Birmingham, AL.
This information is meant to be a general summary of Garden Of Hope 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 2023.
- Investment Income: $64
- Program Service Revenue: $497,947
- Gross Receipts: $498,011
Assets and Liabilities:
- Total Assets: $2,715,389
- Total Liabilities: $4,500,560
- Net Assets: -$1,785,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$187,659
FEES CONTRACT FROM THE GOVT
Revenue
$306,321
TENANT CHARGES
Revenue
$3,967
Organization Details
Founding Year
2006
Phone
(205) 925-6515Principal Officer
Demetruis Vines
Main Address
2017 JEFFERSON AVENUE SW, BIRMINGHAM, AL, 35211
NTEE Category
Code: P75 - Human services
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