Overview
What is Bearman-Golden Gardens Inc?
Bearman-Golden Gardens Inc is a nonprofit organization situated in Memphis, Tennessee, specifically at 4590 Goodwill Road. Their primary mission is to provide affordable housing for the elderly, making it easier for this demographic to maintain a decent living standard. With a small team of four dedicated individuals, they manage a federally assisted low-income housing property, ensuring that the elderly in their community have access to suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating
Bearman-Golden Gardens Inc has received a One-Star rating from Charity Navigator, indicating significant concerns related to its accountability and financial transparency. The organization's overall score reflects a 58% rating, with a particularly high program expense ratio of 88.15%, suggesting that a large portion of its funds is dedicated to its programs. However, the charity has received low scores in several critical areas, such as its liabilities to assets ratio and the absence of essential policies related to conflict of interest and document retention.
The organization shows strengths in its governance structure, boasting a fully independent board and proper documentation of board meeting minutes. These factors could suggest a level of commitment to responsible management. Nonetheless, the absence of critical documents such as the charity's website on tax forms and policies for whistleblowing and conflict of interest raise red flags regarding its overall operational transparency and accountability.
In summary, while Bearman-Golden Gardens Inc demonstrates a strong commitment to its mission through effective program spending, serious gaps in financial management practices and policy documentation have contributed to its low rating. Stakeholders might want to consider these limitations when evaluating the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Bearman-Golden Gardens Inc legitimate?
Bearman-Golden Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bearman-Golden Gardens 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: $118,293
For more financial information, click here
What is the mission statement of Bearman-Golden Gardens Inc?
Bearman-Golden Gardens Inc is committed to providing affordable housing for the elderly. Their primary mission is to operate and maintain a federal-assisted property, ensuring it remains an accessible living option for this demographic. The organization's goal is to make housing affordable for those who may not be able to afford it otherwise, focusing on the elderly population. By doing so, they aim to contribute to the overall well-being and comfort of this segment of society, providing them with a secure living environment.
Who is the CEO of Bearman-Golden Gardens Inc?
Marsha J Burt is the President of Bearman-Golden Gardens Inc.
What is the revenue of Bearman-Golden Gardens Inc?
Bearman-Golden Gardens Inc's revenue in 2023 was $490,166.
Who are the executives of Bearman-Golden Gardens Inc and what are their salaries?
The average compensation at Bearman-Golden Gardens Inc during 2023 was $29,573. There are 4 employees at Bearman-Golden Gardens Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bearman-Golden Gardens Inc?
Bearman-Golden Gardens Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bearman-Golden Gardens Inc
Bearman-Golden Gardens Inc is a nonprofit organization committed to providing low-income housing for the elderly. Their mission, in essence, is to create a living environment that is affordable for senior citizens, ensuring they can live with dignity and independence. The organization operates and maintains a federal-assisted low-income housing property specifically designed for the elderly, providing them with a secure and supportive living space. By offering affordable housing, Bearman-Golden Gardens Inc is contributing to the well-being of the elderly community, allowing them to focus on their daily lives without the added stress of high housing costs.
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Impact
July, 2024
Bearman-Golden Gardens Inc's impact is significant in providing low-income affordable housing to the elderly in Memphis, TN. By operating and maintaining a federal assisted low-income housing property, the organization helps meet the housing needs of a vulnerable population. This contributes to the overall well-being and quality of life of elderly individuals who might otherwise struggle to find suitable housing options. Through its mission, Bearman-Golden Gardens Inc addresses a critical need in the community, supporting those in need of stable and affordable housing.
This information is meant to be a general summary of Bearman-Golden Gardens 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 2023.
- Investment Income: $933
- Program Service Revenue: $489,233
- Gross Receipts: $490,166
Assets and Liabilities:
- Total Assets: $1,896,352
- Total Liabilities: $3,162,905
- Net Assets: -$1,266,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$299,921
TENANT RENTS
Revenue
$186,119
LAUNDRY, VENDING, MISC.
Revenue
$3,193
Organization Details
Founding Year
2000
Phone
(901) 785-6790Principal Officer
Marsha J Burt
Main Address
4590 GOODWILL ROAD, MEMPHIS, TN, 381141282
NTEE Category
Code: L21 - Housing
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