Overview
What is Garden Grove Housing Corporation?
Garden Grove Housing Corporation is a nonprofit organization based in Irvine, California, specifically at 18100 Von Karman Avenue Suite 500. Their primary mission is to provide affordable housing solutions for individuals and families with low to moderate incomes, as well as emancipated youths from Orangewood Foundation and other supporting organizations. Their aim is to alleviate poverty and enhance living conditions for underprivileged individuals by expanding the inventory of affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating.
Garden Grove Housing Corporation demonstrates strong governance with a fully independent board and effective financial oversight, as indicated by its perfect scores in board independence and audit committee evaluation. The organization has a commendable program expense ratio, showing that a significant portion of its budget is directed towards its mission-related programs.
However, the nonprofit's overall rating reflects concerns regarding its liabilities to assets ratio, which is relatively high. This raises potential questions about financial stability and sustainability in the long term. While the organization shows strengths in governance and program spending, it may need to address its financial health to improve its rating and bolster donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Garden Grove Housing Corporation legitimate?
Garden Grove Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garden Grove 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: $0
For more financial information, click here
What is the mission statement of Garden Grove Housing Corporation?
The Garden Grove Housing Corporation's mission is centered around providing affordable rental housing. This organization aims to cater to individuals and families with low, very low, and moderate incomes, as well as emancipated youths from the Orangewood Foundation and other supporting organizations that assist underprivileged youths. The corporation's primary goal is to alleviate housing-related challenges for these groups by offering low-cost housing options. Additionally, the corporation works towards expanding the inventory of such housing to further support the needs of the community.
Who is the CEO of Garden Grove Housing Corporation?
Dennis J Sweeney is the President of Garden Grove Housing Corporation.
What is the revenue of Garden Grove Housing Corporation?
Garden Grove Housing Corporation's revenue in 2022 was $1,955,721.
Who are the executives of Garden Grove Housing Corporation and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Garden Grove Housing Corporation?
Garden Grove Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Garden Grove Housing Corporation
Garden Grove Housing Corporation, as a non-profit organization, is dedicated to providing affordable housing solutions for individuals and families with low, very low, and moderate incomes, as well as emancipated youths from organizations like Orangewood Foundation. Their mission is centered around alleviating poverty and offering support to underprivileged youths. By offering low-cost housing, this organization aims to ease the financial burden for these individuals and provide them with a secure living environment. Furthermore, Garden Grove Housing Corporation works to increase the inventory of such housing options, thereby contributing to the broader community's efforts to address housing inequities.
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Impact
October, 2024
Garden Grove Housing Corporation significantly impacts the community by providing affordable rental housing options for low, very low, and moderate-income individuals, including emancipated youths from organizations like the Orangewood Foundation. By focusing on these vulnerable groups, the organization addresses the critical need for low-cost housing, alleviating the burdens faced by impoverished families and young adults transitioning out of foster care.
The mission to increase the inventory of affordable housing not only supports individuals in securing stable living conditions but also contributes to overall community stability. By ensuring that these populations have access to safe and affordable homes, Garden Grove Housing Corporation plays a vital role in fostering social equity and empowerment among those who might otherwise struggle to find suitable housing. Ultimately, their efforts help to break the cycle of poverty and provide a foundation for individuals and families to thrive.
This information is meant to be a general summary of Garden Grove 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: $648
- Program Service Revenue: $1,906,942
- Gross Receipts: $1,955,721
Assets and Liabilities:
- Total Assets: $8,138,131
- Total Liabilities: $5,569,145
- Net Assets: $2,568,986
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,898,397
LATE FEES
Revenue
$8,025
APPLICATION FEES
Revenue
$520
Organization Details
Founding Year
2000
Phone
(949) 852-0700Principal Officer
Dennis J Sweeney
Main Address
18100 VON KARMAN AVENUE SUITE 500, IRVINE, CA, 92612
NTEE Category
Code: L20 - Housing
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