Overview
What is Goodwin Plaza Housing Corporation?
Goodwin Plaza Housing Corporation is a nonprofit organization situated in Indianapolis, Indiana. It operates a 101-unit apartment community, serving a significant purpose in providing housing for the elderly and handicapped individuals. This organization adheres to Section 223(F) of the National Housing Act, demonstrating its commitment to this specific demographic. With a dedicated workforce of 11 employees, Goodwin Plaza Housing Corporation strives to make a positive impact on the lives of its residents by offering them a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Goodwin Plaza Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a solid standing in terms of accountability and finance. The rating is based entirely on the organization's performance in accountability and finance, where it scored 75%. This performance reflects a commitment to transparency and responsible financial management.
The organization demonstrates strong governance practices, with an entirely independent board and robust financial oversight measures. Key strengths include a high program expense ratio of 95.54%, indicating that a significant portion of its funding is directed toward its programs. Additional points were awarded for various governance practices, such as conflict of interest policies and proper documentation of board meeting minutes.
However, a notable limitation is the high liabilities to assets ratio at 206.63%, which may raise concerns about the organization’s financial leverage and potential sustainability. Overall, while Goodwin Plaza Housing Corporation shows commendable accountability, addressing its financial leverage may be crucial for future stability.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwin Plaza Housing Corporation legitimate?
Goodwin Plaza Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwin Plaza 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: $176,062
For more financial information, click here
What is the mission statement of Goodwin Plaza Housing Corporation?
Goodwin Plaza Housing Corporation is committed to providing housing for senior citizens and individuals with disabilities. This mission is carried out through the operation of a 101-unit apartment community, adhering to Section 223(F) of the National Housing Act. The organization's primary goal is to provide a living space that caters to the unique needs of these groups, ensuring they have a comfortable and suitable home environment. The corporation's activities are geared towards fostering an inclusive and supportive community for its residents.
Who is the CEO of Goodwin Plaza Housing Corporation?
Disa Watson-Summers is the Director of Goodwin Plaza Housing Corporation.
What is the revenue of Goodwin Plaza Housing Corporation?
Goodwin Plaza Housing Corporation's revenue in 2022 was $1,141,453.
Who are the executives of Goodwin Plaza Housing Corporation and what are their salaries?
The average compensation at Goodwin Plaza Housing Corporation during 2022 was $16,006. There are 11 employees and 6 volunteers at Goodwin Plaza Housing Corporation.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Goodwin Plaza Housing Corporation?
Goodwin Plaza Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Goodwin Plaza Housing Corporation
Goodwin Plaza Housing Corporation is dedicated to providing housing for individuals who are elderly and handicapped. This nonprofit organization operates a 101-unit apartment community in accordance with Section 223(F) of the National Housing Act. The mission of Goodwin Plaza Housing Corporation is to create an environment that caters to the specific needs of these vulnerable populations, ensuring they have a safe and comfortable living space. The corporation's work is essential in addressing the housing needs of elderly and handicapped individuals, providing them with a sense of independence and dignity.
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Impact
October, 2024
Goodwin Plaza Housing Corporation plays a crucial role in providing safe and secure housing for the elderly and handicapped in Indianapolis. By operating a 101-unit apartment community, the organization ensures that vulnerable populations have access to affordable living arrangements that meet their specific needs. This initiative not only helps address the housing crisis faced by these groups but also fosters a sense of community and support among residents, enhancing their quality of life. Through its commitment to maintaining an inclusive and accessible living environment, Goodwin Plaza contributes significantly to the social and emotional well-being of its residents, allowing them to live independently while accessing necessary resources and services.
This information is meant to be a general summary of Goodwin Plaza 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $768
- Program Service Revenue: $1,096,392
- Gross Receipts: $1,141,453
Assets and Liabilities:
- Total Assets: $1,541,945
- Total Liabilities: $3,251,619
- Net Assets: -$1,709,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,096,392
Organization Details
Founding Year
1983
Phone
(317) 921-1950Principal Officer
Disa Watson-Summers
Main Address
5702 KIRKPATRICK WAY, INDIANAPOLIS, IN, 46220
NTEE Category
Code: L200 - Housing
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