Overview
What is Discovery Place Corporation?
Discovery Place Corporation is a nonprofit organization situated in Midvale, Utah, with an address at 7351 South Union Park Avenue 250. Their primary mission is to provide affordable housing for elderly and physically disabled individuals, falling under the authorization of Section 811 of the National Affordable Housing Act of 1990. This HUD-insured housing project aims to provide a secure living environment for those in need, thereby contributing to their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating.
Discovery Place Corporation has received a low rating of 55%, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in areas such as having a majority of independent board members and a solid program expense ratio, it falls short in key transparency and governance metrics. Notably, the charity has not posted essential documents on its website, including tax forms and board meeting minutes, which raises questions about its accessibility and openness.
Strengths of the organization include a full score for both the majority independent board members and the independent board size, reflecting a strong governance structure. However, the lack of a conflict of interest policy, whistleblower policy, and proper document retention practices suggests potential risks in maintaining ethical standards and accountability.
Overall, while Discovery Place Corporation demonstrates some strong governance features, its low accountability score highlights significant areas for improvement. Stakeholders and potential donors may wish to approach with caution, considering the transparency issues identified in the ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Discovery Place Corporation legitimate?
Discovery Place Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Discovery Place 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
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What is the mission statement of Discovery Place Corporation?
Discovery Place Corporation is dedicated to providing affordable housing for the elderly and physically disabled individuals. As a HUD-insured housing project, it operates under the authorization of Section 811 of the National Affordable Housing Act of 1990, aiming to offer a living space that caters to the unique needs of this specific group of people. The corporation's mission is centered around ensuring that these individuals have a safe and comfortable living environment, enabling them to maintain their dignity and independence. Through its efforts, Discovery Place Corporation contributes significantly to promoting an inclusive society that values and accommodates the needs of diverse populations.
Who is the CEO of Discovery Place Corporation?
Jeff Gilbert is the President of Discovery Place Corporation.
What is the revenue of Discovery Place Corporation?
Discovery Place Corporation's revenue in 2022 was $195,594.
Who are the executives of Discovery Place Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Discovery Place Corporation?
Discovery Place Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Discovery Place Corporation
Discovery Place Corporation is dedicated to providing affordable housing for elderly and physically disabled individuals. As a HUD-insured housing project, this nonprofit organization operates under the authorization of Section 811 of the National Affordable Housing Act of 1990. Their mission is to create a living environment that caters to the unique needs of this specific population, ensuring they can live independently and with dignity. Discovery Place Corporation plays a vital role in offering a secure and supportive living situation for those who may require additional assistance due to age or physical disability.
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Impact
October, 2024
Discovery Place Corporation significantly impacts its community by providing low-income housing tailored for elderly and physically disabled individuals. Located in Midvale, Utah, this housing initiative is a HUD-insured project designed under Section 811 of the National Affordable Housing Act of 1990. By offering affordable living options, Discovery Place Corporation helps to enhance the quality of life for its residents, ensuring they have safe and accessible homes. This initiative not only addresses the critical housing needs of vulnerable populations but also promotes independence and dignity for elderly and disabled individuals, fostering a supportive community environment.
This information is meant to be a general summary of Discovery Place 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: $4
- Program Service Revenue: $195,590
- Gross Receipts: $195,594
Assets and Liabilities:
- Total Assets: $2,404,526
- Total Liabilities: $3,319,781
- Net Assets: -$915,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apartment Rent
Revenue
$84,839
Miscellaneous Income
Tenant Assistance Pmts.
Revenue
$110,478
Tenant Charges
Revenue
$273
Vacancy Claims
Organization Details
Founding Year
2010
Principal Officer
Jeff Gilbert
Main Address
7351 SOUTH UNION PARK AVENUE 250, MIDVALE, UT, 84047
NTEE Category
Code: L20 - Housing
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