Overview
What is Cherry Gardensinc?
Cherry Gardensinc is a public housing facility situated in Lancaster, Ohio. Its primary objective is to offer housing solutions to the community. As a nonprofit organization, Cherry Gardensinc is dedicated to providing a home for individuals in need, ensuring that everyone has access to a secure living space. The facility's mission is straightforward and clear-cut: to offer housing services in Lancaster, Ohio. This nonprofit organization's unwavering commitment to housing ensures that the community has a reliable resource for those seeking a place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Star rating)
Cherry Gardensinc has received a One-Star rating from Charity Navigator, reflecting various areas of concern primarily related to its accountability and financial practices. While the organization has demonstrated strong governance through having all independent board members and a high program expense ratio, its financial health is called into question due to an extremely high liabilities to assets ratio of 539.63%, which significantly impacts its overall score.
The charity excels in certain governance aspects, such as documenting board meeting minutes and maintaining a majority independent board, earning full points in these categories. However, it falls short in critical areas such as lacking a conflict of interest policy, a whistleblower policy, and other essential governance documents, which has negatively influenced its accountability score.
Overall, while Cherry Gardensinc shows commitment to its programs with a solid program expense ratio of 75.91%, the lack of essential governance policies and a concerning financial structure highlight significant limitations that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Cherry Gardensinc legitimate?
Cherry Gardensinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cherry Gardensinc 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: $8,560
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What is the mission statement of Cherry Gardensinc?
Cherry Gardensinc, as a public housing facility, is committed to its mission of providing housing for its residents. This mission is aimed at ensuring that individuals have access to safe and affordable living spaces. The organization's primary focus is on meeting the housing needs of its community, working towards creating a stable and comfortable living environment for its residents. Cherry Gardensinc's activities are centered around this mission, striving to provide high-quality housing services and maintaining a supportive environment for its residents.
Who is the CEO of Cherry Gardensinc?
Phil Pack is the Trustee of Cherry Gardensinc.
What is the revenue of Cherry Gardensinc?
Cherry Gardensinc's revenue in 2022 was $47,683.
Who are the executives of Cherry Gardensinc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Cherry Gardensinc?
Cherry Gardensinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cherry Gardensinc
Cherry Gardens, as a public housing facility, is committed to providing housing for its residents. The organization's mission is centered around ensuring that individuals have a secure place to live, which is a fundamental necessity for all. By offering housing, Cherry Gardens aims to contribute to the well-being and stability of its community, allowing individuals to focus on other aspects of their lives. The organization's mission is not just about providing a physical space, but also about creating an environment where residents can feel safe and secure.
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Impact
August, 2024
Cherry Gardensinc's impact can be seen through its provision of housing in Lancaster, OH. They play a vital role in addressing the housing needs of the community by offering affordable accommodations to those in need. Their efforts contribute towards ensuring that individuals and families have access to a safe and stable living environment, ultimately enhancing the overall well-being and quality of life of the residents they serve.
This information is meant to be a general summary of Cherry Gardensinc. 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: $2
- Program Service Revenue: $20,767
- Gross Receipts: $47,683
Assets and Liabilities:
- Total Assets: $83,390
- Total Liabilities: $470,423
- Net Assets: -$387,033
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$20,767
Organization Details
Founding Year
1996
Principal Officer
Phil Pack
Main Address
1592 GRANVILLE PIKE, LANCASTER, OH, 43130
NTEE Category
Code: P73Z - Human services
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