Gcarc Housing Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351793391 ✦ Evansville, IN ✦ Designated as a 501(c)(3)

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Overview

What is Gcarc Housing Inc?

Gcarc Housing Inc is a nonprofit organization that adheres to the National Housing Act, specifically section 202. Their primary mission is to offer affordable housing solutions to individuals with low income. To achieve this, they operate a 12-unit apartment complex, ensuring that affordable living opportunities are accessible to those in need.

Is Gcarc Housing Inc legitimate?

Gcarc Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gcarc Housing Inc submitted a form 990EZ, 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.

What is the mission statement of Gcarc Housing Inc?

Gcarc Housing Inc, as an organization, is committed to providing affordable housing opportunities for low-income individuals. They accomplish this mission by owning and operating a 12-unit apartment complex under Section 202 of the National Housing Act. The primary objective of this organization is to make housing accessible to those who have limited financial resources. By doing so, they contribute to the betterment of the community by providing a stable living environment for its residents.

Who is the CEO of Gcarc Housing Inc?

David Kolb is the President of Gcarc Housing Inc.

What is the revenue of Gcarc Housing Inc?

Gcarc Housing Inc's revenue in 2023 was $94,593.

Who are the executives of Gcarc Housing Inc and what are their salaries?


Here are 6 key members and their salaries:


David Kolb (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Hughes (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Nixon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clara Mae Welp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Cockrum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Gcarc Housing Inc?

Gcarc Housing Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Gcarc Housing Inc

Gcarc Housing Inc, as an organization, is dedicated to providing affordable housing solutions for low-income individuals. Operating under Section 202 of the National Housing Act, Gcarc Housing Inc manages a 12-unit low-income apartment complex. Their primary objective is to make housing accessible to individuals who fall within this income bracket. The organization's mission is rooted in the belief that everyone deserves a place to call home, regardless of their financial circumstances. By providing affordable housing, Gcarc Housing Inc contributes to the well-being and stability of its residents, enabling them to focus on other aspects of their lives.

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Impact




October, 2024

Gcarc Housing Inc significantly contributes to the community by providing affordable housing options for low-income individuals in Evansville, Indiana. With the ownership and operation of a 12-unit apartment complex, the organization ensures that residents have access to stable and secure living conditions. This not only enhances the quality of life for those individuals and families but also fosters a sense of community and belonging. By adhering to Section 202 of the National Housing Act, Gcarc Housing Inc plays a crucial role in addressing housing insecurity and promoting inclusive neighborhoods, thereby improving the overall well-being of the community it serves.




This information is meant to be a general summary of Gcarc 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.

Revenue
$94,593 (2023)
Expenses
$109,396 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3
  • Program Service Revenue: $28,027
  • Gross Receipts: $94,593

Assets and Liabilities:

  • Total Assets: $254,186
  • Total Liabilities: $640,050
  • Net Assets: -$385,864

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Organization Details

Principal Officer

David Kolb

Main Address

4004 EAST MORGAN AVENUE 200, EVANSVILLE, IN, 47715

NTEE Category

Code: L20 - Housing

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