Overview
What is Forest Park Elderly Housing Inc?
Forest Park Elderly Housing Inc is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to provide and maintain a residential complex for low-income elderly individuals, adhering to the guidelines established by the Department of Housing and Urban Development. Specifically, they own and operate a rental housing property for the elderly under Section 202 of the National Housing Act. This initiative ensures that elderly individuals with limited income have access to suitable living accommodations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Forest Park Elderly Housing Inc has achieved a Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization scored 94% on the Accountability & Finance Beacon, which is a strong indicator of effective management and transparency in its operations. This score is based on a variety of metrics that demonstrate the nonprofit's commitment to good governance and responsible financial practices.
The organization has notable strengths, including a fully independent board of directors, which consists of 100% independent members. Additionally, it has been recognized for maintaining robust financial oversight, with no material diversion of assets and a strong program expense ratio of 84.76%. These factors suggest that the majority of its resources are directed towards its charitable programs, aligning with the organization’s mission to serve the elderly community effectively.
While the overall rating is quite positive, potential donors and stakeholders should consider that the assessment is based solely on Accountability & Finance metrics. Though these aspects are critical, additional information about program effectiveness and community impact might provide a more comprehensive view of the organization’s overall performance. Nevertheless, the strong score indicates a reliable choice for support within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Forest Park Elderly Housing Inc legitimate?
Forest Park Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forest Park Elderly Housing 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: $110,122
For more financial information, click here
What is the mission statement of Forest Park Elderly Housing Inc?
Forest Park Elderly Housing Inc's mission is centered around providing housing for elderly individuals with limited income. This organization operates under Section 202 of the National Housing Act, governing its rental property operations. The primary goal of Forest Park Elderly Housing Inc is to offer a living space to this specific demographic, ensuring compliance with the guidelines set by the Department of Housing and Urban Development. This commitment to providing suitable living conditions for the elderly contributes to their overall well-being and quality of life.
Who is the CEO of Forest Park Elderly Housing Inc?
Gerald E Eickhoff is the President of Forest Park Elderly Housing Inc.
What is the revenue of Forest Park Elderly Housing Inc?
Forest Park Elderly Housing Inc's revenue in 2022 was $510,042.
Who are the executives of Forest Park Elderly Housing Inc and what are their salaries?
There 7 volunteers at Forest Park Elderly Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Forest Park Elderly Housing Inc?
Forest Park Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forest Park Elderly Housing Inc
Forest Park Elderly Housing Inc, as a nonprofit organization, is dedicated to owning and operating a rental housing property specifically catering to low-income elderly individuals. In accordance with Section 202 of the National Housing Act, this organization provides a suitable living space for the elderly community, ensuring their essential needs are met. The primary objective of Forest Park Elderly Housing Inc is to maintain an apartment complex that adheres to the regulations set forth by the Department of Housing and Urban Development, ensuring a safe and comfortable environment for its elderly residents.
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Impact
July, 2024
Forest Park Elderly Housing Inc provides essential affordable housing options for low-income elderly individuals in Atlanta, Georgia. By owning and operating a rental housing property under Section 202 of the National Housing Act, this organization plays a vital role in ensuring that elderly persons with limited financial resources have a safe and comfortable place to live. Their focus on meeting the housing needs of this vulnerable demographic contributes to promoting stability, dignity, and quality of life for seniors in the community.
This information is meant to be a general summary of Forest Park Elderly Housing 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: $29
- Program Service Revenue: $508,791
- Gross Receipts: $510,042
Assets and Liabilities:
- Total Assets: $1,853,369
- Total Liabilities: $38,616
- Net Assets: $1,814,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY RENTAL INC
Revenue
$507,953
TENANT CHARGES
Revenue
$838
Organization Details
Founding Year
2000
Phone
(770) 496-0598Principal Officer
Gerald E Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: P75 - Human services
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