Overview
What is Galleria Manor Senior Development Inc?
Galleria Manor Senior Development Inc is a nonprofit organization based in Smyrna, Georgia. Their primary focus is on providing affordable housing for low-income elderly residents, with the operation of an 88-unit rental apartment facility, named Galleria Manor, being their main endeavor. The organization's mission involves the acquisition, construction, ownership, and operation of this senior living facility to meet the housing needs of this particular demographic. The nonprofit sponsors the development and operation of such affordable housing projects, contributing positively to the community and addressing a pressing need for affordable senior housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Galleria Manor Senior Development Inc has received a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization boasts an impressive 94% score, reflecting its commitment to transparency and effective financial stewardship. It features a fully independent board of directors, which is essential for maintaining integrity and reducing conflicts of interest.
The financial metrics of Galleria Manor are notable, with a program expense ratio of 97.30%, signifying that the vast majority of its funds are directed toward its mission rather than administrative costs. This efficiency is further supported by a solid liabilities to assets ratio of 26.20%, suggesting a healthy financial position. The organization adheres to best practices by having well-documented policies, including those for conflict of interest and whistleblower protections.
While the data highlights numerous strengths, there are no significant limitations noted, making Galleria Manor Senior Development Inc a trustworthy choice for potential donors who seek impactful contributions in the senior care sector. Overall, the charity's strong ratings reflect a dedication to its mission and a robust governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Galleria Manor Senior Development Inc legitimate?
Galleria Manor Senior Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Galleria Manor Senior Development 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: $128,975
For more financial information, click here
What is the mission statement of Galleria Manor Senior Development Inc?
Galleria Manor Senior Development Inc's mission is centered around acquiring, constructing, and operating an 88-unit rental housing facility for low-income elderly residents. Their primary objective is to provide a suitable living space for this demographic, who may be financially challenged. The organization's activities extend to the development and operation of affordable housing for low-income individuals, aiming to fulfill the housing needs of this specific group. In essence, Galleria Manor Senior Development Inc is dedicated to enhancing the living conditions of elderly individuals with limited financial means, offering them a self-sufficient yet affordable housing solution.
Who is the CEO of Galleria Manor Senior Development Inc?
Mark Du Mas is the President of Galleria Manor Senior Development Inc.
What is the revenue of Galleria Manor Senior Development Inc?
Galleria Manor Senior Development Inc's revenue in 2022 was $952,279.
Who are the executives of Galleria Manor Senior Development Inc and what are their salaries?
There 3 volunteers at Galleria Manor Senior Development Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Galleria Manor Senior Development Inc?
Galleria Manor Senior Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Galleria Manor Senior Development Inc
Galleria Manor Senior Development Inc is committed to acquiring, constructing, owning, and operating an 88-unit rental housing facility specifically designed for low-income elderly residents. This residential complex, known as Galleria Manor, is situated in Smyrna, Georgia. The organization's mission goes beyond mere property management; it actively sponsors the development and operation of affordable housing for low-income individuals, aiming to meet the housing needs of this demographic. Galleria Manor Senior Development Inc is dedicated to providing self-sufficient senior residents with a suitable living environment, contributing to their well-being and overall quality of life.
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Impact
October, 2024
Galleria Manor Senior Development Inc significantly impacts the community by providing affordable and accessible housing for low-income elderly residents in Smyrna, Georgia. By acquiring, constructing, and operating an 88-unit rental facility known as Galleria Manor, the organization directly addresses the housing needs of self-sufficient seniors who may otherwise struggle to find suitable living arrangements. This initiative not only promotes independence among elderly residents but also fosters a sense of community and belonging. Through its commitment to affordable housing, Galleria Manor contributes to the overall well-being and stability of vulnerable populations, enhancing their quality of life while ensuring they have a secure and supportive environment in their later years.
This information is meant to be a general summary of Galleria Manor Senior Development 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: $11,200
- Program Service Revenue: $941,079
- Gross Receipts: $952,279
Assets and Liabilities:
- Total Assets: $10,820,996
- Total Liabilities: $2,835,216
- Net Assets: $7,985,780
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$941,079
Organization Details
Founding Year
2010
Phone
(770) 431-9696Principal Officer
Mark Du Mas
Main Address
2730 CUMBERLAND BOULEVARD SE, SMYRNA, GA, 30080
NTEE Category
Code: L21 - Housing
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