Overview
What is Goldsboro Development Corporation?
Goldsboro Development Corporation is a public housing facility situated in Goldsboro, North Carolina. Its primary objective is to offer housing opportunities for families with low and extremely low incomes. The organization is committed to fulfilling this mission by providing suitable living spaces for individuals who fall under this income bracket.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Goldsboro Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The organization has a perfect score for having a fully independent board, ensuring that all members are free from conflicts of interest, which enhances its governance practices.
Strengths of the organization include effective financial management, evidenced by a low liabilities-to-assets ratio and a high percentage of program expenses, indicating that a significant portion of its budget is allocated to its mission-driven activities. Furthermore, the presence of policies for whistleblowing and conflict of interest, along with proper documentation of board meeting minutes, showcases a commitment to transparency and accountability.
While there are no noted limitations in the available data, the high scores across various metrics suggest that the Goldsboro Development Corporation operates with integrity and is well-positioned to continue its positive impact in the community. Overall, its strong rating signifies trustworthiness and effective stewardship of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is Goldsboro Development Corporation legitimate?
Goldsboro Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goldsboro Development 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: $0
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What is the mission statement of Goldsboro Development Corporation?
The mission of the Goldsboro Development Corporation, as a public housing facility, is primarily focused on providing shelter for families with low and very low income levels. This organization is committed to fulfilling this mission by offering housing solutions to those in need. The corporation's primary objective is to provide housing for families who struggle financially, ensuring they have a place to call home.
Who is the CEO of Goldsboro Development Corporation?
Wiliams Turner is the Chairman of Goldsboro Development Corporation.
What is the revenue of Goldsboro Development Corporation?
Goldsboro Development Corporation's revenue in 2023 was $168,560.
Who are the executives of Goldsboro Development Corporation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Goldsboro Development Corporation?
Goldsboro Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Goldsboro Development Corporation
Goldsboro Development Corporation, as a nonprofit organization, is committed to providing housing for families with low and very low incomes. This mission is central to their operations, aiming to offer suitable living spaces to those who may not otherwise have access to such resources. By providing housing, Goldsboro Development Corporation aims to contribute positively to the lives of its residents, helping them maintain a stable living environment and focus on other aspects of their well-being. The organization's mission is a testament to its dedication to social welfare and its belief in the importance of housing as a fundamental human need.
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Impact
October, 2024
Goldsboro Development Corporation plays a crucial role in addressing the housing needs of low and very low-income families in Goldsboro, NC. By providing affordable housing options, it helps to stabilize communities, reduce homelessness, and improve the overall quality of life for its residents. The corporation's commitment to ensuring accessible housing contributes to promoting economic stability and social equity within the region. In doing so, it not only meets immediate needs but also fosters a sense of community by offering families a safe and secure place to call home.
This information is meant to be a general summary of Goldsboro Development 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 2023.
- Investment Income: $1,525
- Program Service Revenue: $165,846
- Gross Receipts: $168,560
Assets and Liabilities:
- Total Assets: $2,705,287
- Total Liabilities: $65,440
- Net Assets: $2,639,847
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$162,765
TENANT REVENUE OTHER
Revenue
$3,081
Organization Details
Founding Year
1997
Principal Officer
Wiliams Turner
Main Address
PO BOX 1403, Goldsboro, NC, 27533
NTEE Category
Code: L210 - Housing
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