Overview
What is Greenwood Apartments Inc?
Greenwood Apartments Inc is a nonprofit organization located in Mason, Ohio, specifically at 5181 NATORP BLVD SUITE 120, 45040. Their primary mission involves maintaining and operating a one-hundred-unit apartment community, known as Greenwood Apartments, which provides affordable housing for low-income families in Richmond, Indiana. With a staff of six dedicated individuals, this organization plays a significant role in ensuring access to suitable housing for those in need, contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
Greenwood Apartments Inc has received a solid Three-Star rating, reflecting an 86% score based entirely on its Accountability & Finance metrics. This high score indicates that the organization demonstrates a strong commitment to transparency and governance practices. The independent board structure is exemplary, with a majority of independent members, which contributes positively to its overall accountability.
The organization has excelled in various areas, including financial oversight and conflict of interest policies, earning full points in these categories. Additionally, the program expense ratio is commendable at 87.82%, suggesting that a significant portion of their expenses is directed towards fulfilling their mission.
While the rating highlights many strengths in governance and financial practices, it is essential for potential donors to consider the organization’s overall impact and mission effectiveness beyond just financial metrics. Nonetheless, Greenwood Apartments Inc's strong financial practices and accountability make it a trustworthy nonprofit in its field.
This AI summary has been generated from information found on Charity Navigator.
Is Greenwood Apartments Inc legitimate?
Greenwood Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenwood Apartments 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: $265,094
For more financial information, click here
What is the mission statement of Greenwood Apartments Inc?
Greenwood Apartments Inc is committed to maintaining and operating a housing project, specifically a 100-unit complex. This project is designed to cater to families with low income. Their mission is to provide a living space for these individuals, ensuring the upkeep and operation of the apartment community to the highest standards. By offering multi-family housing, Greenwood Apartments Inc contributes to the community, offering a vital service for those in need.
Who is the CEO of Greenwood Apartments Inc?
Tawana Shaw is the President of Greenwood Apartments Inc.
What is the revenue of Greenwood Apartments Inc?
Greenwood Apartments Inc's revenue in 2022 was $983,956.
Who are the executives of Greenwood Apartments Inc and what are their salaries?
The average compensation at Greenwood Apartments Inc during 2022 was $44,182. There are 6 employees and 12 volunteers at Greenwood Apartments Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Greenwood Apartments Inc?
Greenwood Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greenwood Apartments Inc
Greenwood Apartments Inc, as a nonprofit organization, is committed to maintaining and operating a 100-unit housing project. Their mission is to provide multi-family housing for low-income families, ensuring that these individuals have a secure and stable living environment. By managing the Greenwood Apartments community, this organization is making a significant impact in the lives of many, offering them a place to call home.
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Impact
October, 2024
Greenwood Apartments Inc plays a vital role in providing stable and affordable housing for low-income families in Richmond, Indiana. By maintaining and operating a 100-unit apartment community, the organization addresses the critical need for accessible housing in an area where many face economic challenges.
The presence of Greenwood Apartments fosters a sense of community and support among residents, enhancing their quality of life. This initiative not only helps families secure a safe place to live but also contributes positively to the local economy by promoting housing stability and community engagement. Through its efforts, Greenwood Apartments Inc allows families to focus on personal and economic growth, ultimately impacting the community as a whole.
This information is meant to be a general summary of Greenwood Apartments 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: $118
- Program Service Revenue: $942,359
- Gross Receipts: $983,956
Assets and Liabilities:
- Total Assets: $2,176,602
- Total Liabilities: $1,025,163
- Net Assets: $1,151,439
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$942,359
Organization Details
Founding Year
1965
Phone
(513) 961-6011Principal Officer
Tawana Shaw
Main Address
5181 NATORP BLVD SUITE 120, MASON, OH, 45040
NTEE Category
Code: L20 - Housing
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