Overview
What is Gfbc Housing & Development Inc?
Gfbc Housing & Development Inc, located in Detroit, Michigan, is a dedicated nonprofit organization. Their primary mission is to offer affordable housing solutions to low and middle-income residents within the state of Michigan. This commitment is reflected in their daily activities and mission statement, which emphasize their role in providing affordable housing options. They strive to make a significant impact in their community by addressing the housing needs of numerous Michigan families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating
Gfbc Housing & Development Inc has received a low rating of 53% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which is a critical factor for governance transparency. While there is no material diversion of assets, the absence of essential policies such as conflict of interest, whistleblower, and document retention significantly affects its score.
On a positive note, Gfbc Housing & Development Inc demonstrates strong program expense management with a 100% program expense ratio, showing that all its expenses are directed towards its mission. However, the lack of transparency in governance, evidenced by missing website listings and policies, raises concerns about the organization's operational integrity.
Overall, while the organization effectively channels its resources toward its programs, the absence of independent oversight and the lack of compliance with basic operational standards are significant limitations that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Gfbc Housing & Development Inc legitimate?
Gfbc Housing & Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gfbc Housing & Development 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: $0
For more financial information, click here
What is the mission statement of Gfbc Housing & Development Inc?
Gfbc Housing & Development Inc is committed to providing affordable housing options for low to middle income residents in Michigan. Their mission is centered around this goal, aiming to make housing accessible for a significant portion of the population. The organization works diligently to ensure that the housing they offer is within the financial reach of these individuals, thereby contributing to their overall well-being and stability. By providing affordable housing, Gfbc Housing & Development Inc plays a crucial role in enhancing the living conditions of its community members.
Who is the CEO of Gfbc Housing & Development Inc?
Leon Weir Sr is the Fundraiser Director of Gfbc Housing & Development Inc. The CEO's salary of Gfbc Housing & Development Inc is $0 and their total compensation is $0.
What is the revenue of Gfbc Housing & Development Inc?
Gfbc Housing & Development Inc's revenue in 2022 was $8,380.
Who are the executives of Gfbc Housing & Development Inc and what are their salaries?
Here are 4 key members and their salaries (Gfbc Housing & Development Inc's CEO's salary is $0 and their total compensation is $0):
- 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 Gfbc Housing & Development Inc?
Gfbc Housing & Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gfbc Housing & Development Inc
Gfbc Housing & Development Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for low to middle-income Michigan residents. Their mission is crystal clear: to create a housing environment that is within reach for individuals and families who may not otherwise have access to such resources. By offering affordable housing options, this organization plays a vital role in ensuring that everyone in Michigan has a roof over their heads, regardless of their income level. The organization's efforts are geared towards making a significant impact on the lives of Michigan residents, thereby contributing to a more equitable and inclusive community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Gfbc Housing & Development Inc's impact lies in providing affordable housing solutions to low and middle-income Michigan residents. By offering these individuals and families access to housing options that are within their budget, Gfbc Housing & Development Inc contributes significantly to addressing the housing affordability challenges faced by many in the community. This not only provides a basic necessity but also contributes to overall community stability and well-being by ensuring that individuals have a safe and secure place to call home. Through their mission-focused work, Gfbc Housing & Development Inc plays a vital role in supporting the economic and social development of Detroit, MI, and the surrounding areas.
This information is meant to be a general summary of Gfbc Housing & Development 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.
- Gross Receipts: $8,380
Assets and Liabilities:
- Total Assets: $119,328
- Total Liabilities: $0
- Net Assets: $119,328
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTAL PROP
Organization Details
Founding Year
2000
Principal Officer
Leon Weir Sr
Main Address
PO BOX 24482, DETROIT, MI, 48224
NTEE Category
Code: L20 - Housing
If you are a representative of Gfbc Housing & Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.