Overview
What is Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc?
Garden Grove Apartments Inc, under the management of New Horizon Property Mgmt Inc, is a nonprofit organization based in Milwaukee, Wisconsin. Their primary mission is to offer housing solutions for individuals living with disabilities, acting as a refuge to cater to their specific needs. The organization's activities are centered around providing a safe and accommodating living environment for these individuals, ensuring they have access to essential services and support. By offering housing, Garden Grove Apartments Inc contributes significantly to improving the quality of life for those with disabilities in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Garden Grove Apartments Inc C/O New Horizon Property Management Inc has received a low rating of 56%, indicating significant concerns regarding its overall accountability and financial management. The organization excels in certain areas, such as having a fully independent board and a high program expense ratio, which suggests that a substantial portion of its expenses are directed towards its programs.
However, the nonprofit also faces challenges, most notably its high liabilities to assets ratio of 150.38%, which reflects potential financial instability. This ratio has negatively impacted its overall score, as it indicates that the organization may have more obligations than assets to cover them, raising questions about its long-term sustainability.
While the organization demonstrates strengths in governance practices and program funding, the financial ratios highlight important areas for improvement. Stakeholders may want to consider these factors when evaluating the nonprofit’s effectiveness and reliability in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc legitimate?
Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garden Grove Apartments Inc C/O New Horizon Property Mgmt 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 Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc?
Garden Grove Apartments Inc, under the management of New Horizon Property Mgmt Inc, is committed to offering housing solutions for individuals with disabilities. Their mission is to provide a living space that caters to the unique needs of these individuals, ensuring they have a secure and comfortable place to call home. The organization strives to create an inclusive and supportive environment, where these individuals can thrive and lead fulfilling lives. By focusing on housing, Garden Grove Apartments Inc aims to contribute to their overall well-being and improve their quality of life.
Who is the CEO of Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc?
Reverend Bennie L Cleveland is the Vice Preside of Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc.
What is the revenue of Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc?
Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc's revenue in 2021 was $66,702.
Who are the executives of Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc?
Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc
Garden Grove Apartments Inc C/O New Horizon Property Mgmt Inc is committed to providing housing for individuals with disabilities. The organization's mission is to offer a safe and supportive living environment for those who may face challenges in securing suitable housing due to their disability. By providing housing, Garden Grove Apartments aims to help these individuals maintain their independence and improve their quality of life. The program in Milwaukee, WI, operates with the goal of ensuring that persons with disabilities have access to affordable and appropriate housing, thereby promoting their overall well-being.
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Impact
August, 2024
Garden Grove Apartments Inc C/O New Horizon Property Management Inc provides housing for persons with disabilities through its Garden Grove Apartments homeless housing program in Milwaukee, WI. Their impact lies in offering a safe and supportive living environment for individuals with disabilities who may otherwise struggle to find suitable housing. By fulfilling their mission to provide housing for persons with disabilities, they contribute to improving the quality of life and stability of this vulnerable population.
This information is meant to be a general summary of Garden Grove Apartments Inc C/O New Horizon Property Mgmt 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 2021.
- Investment Income: $13
- Program Service Revenue: $66,653
- Gross Receipts: $66,702
Assets and Liabilities:
- Total Assets: $591,350
- Total Liabilities: $889,306
- Net Assets: -$297,956
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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
$36,841
RENT REVENUE
Revenue
$28,312
SPECIAL CLAIMS REVENUE
Revenue
$1,500
Organization Details
Founding Year
2001
Phone
(414) 355-3605Principal Officer
Reverend Bennie L Cleveland
Main Address
PO BOX 240044, MILWAUKEE, WI, 53224
NTEE Category
Code: L40 - Housing
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