Overview
What is Gilead Iii Inc?
Gilead III Inc is a nonprofit organization situated in Milwaukee, Wisconsin, with an address at 7400 West Brown Deer Road. Their primary mission is to offer safe and affordable housing options for individuals struggling with chronic mental illness. They operate a 6-unit rental project specifically designed for this purpose. By providing a secure living environment, Gilead III Inc aims to contribute positively to the well-being of individuals dealing with mental health challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
Gilead III Inc has received a One-Star rating from Charity Navigator, indicating that the organization faces significant issues in its accountability and finance practices. The overall score reflects a particular concern with its financial stability, highlighted by a liabilities to assets ratio of 192.00%, which suggests potential financial distress.
Despite some strengths, such as having an independent board with full membership and a solid program expense ratio of 69.51%, the organization lacks essential policies, including a conflict of interest policy and a whistleblower policy. The absence of these critical governance documents may undermine the overall integrity and transparency of the nonprofit.
While the charity does demonstrate accountability in certain areas, the significant gaps in policy documentation and financial health raise concerns for potential donors and stakeholders. Improvements in these areas would be essential for enhancing the organization's rating and fostering greater trust among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Gilead Iii Inc legitimate?
Gilead Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gilead Iii 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
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What is the mission statement of Gilead Iii Inc?
Gilead III Inc, as an organization, is committed to providing safe and affordable housing solutions for individuals grappling with chronic mental illness. Their mission is reflected in their construction and operation of a 6-unit rental housing project, specifically catering to this demographic. By offering housing that is both secure and financially accessible, Gilead III Inc aims to contribute positively to the lives of these individuals, providing them with a stable living environment that can help them manage their health more effectively.
Who is the CEO of Gilead Iii Inc?
Joan M Mueller is the Treasurer/Di of Gilead Iii Inc.
What is the revenue of Gilead Iii Inc?
Gilead Iii Inc's revenue in 2023 was $62,497.
Who are the executives of Gilead Iii Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gilead Iii Inc?
Gilead Iii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gilead Iii Inc
Gilead III Inc, a nonprofit organization, is dedicated to providing safe and affordable housing for individuals struggling with chronic mental illness. Their primary mission is to construct and operate housing projects specifically designed for these individuals, ensuring they have a secure living environment. By offering this crucial service, Gilead III Inc plays a significant role in supporting the well-being and recovery of those battling mental health challenges.
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Impact
August, 2024
Gilead III Inc's impact lies in providing safe and affordable housing for individuals with chronic mental illness in Milwaukee, Wisconsin. By constructing and operating a 6 unit rental housing project, Gilead III Inc is addressing a critical need in the community, offering stability and support to those facing mental health challenges. Through their mission, Gilead III Inc is making a tangible difference in the lives of individuals who may otherwise struggle to find suitable accommodation, emphasizing the importance of a stable living environment for mental well-being.
This information is meant to be a general summary of Gilead Iii 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 2023.
- Investment Income: $72
- Program Service Revenue: $62,160
- Gross Receipts: $62,497
Assets and Liabilities:
- Total Assets: $208,613
- Total Liabilities: $400,557
- Net Assets: -$191,944
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$44,742
RENTAL REVENUE
Revenue
$17,418
Organization Details
Founding Year
1999
Phone
(414) 362-7240Principal Officer
Joan M Mueller
Main Address
7400 WEST BROWN DEER ROAD, MILWAUKEE, WI, 53223
NTEE Category
Code: L21 - Housing
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