Overview
What is 8200-8300 Franklin Blvd?
8200-8300 Franklin Blvd is a public housing facility situated in Cleveland, Ohio. Its primary purpose is to offer affordable housing to individuals with limited financial means. The facility's mission is deeply rooted in providing low-income housing, ensuring that a diverse community can reside in a secure and suitable environment. The programs at 8200-8300 Franklin Blvd are exclusively focused on housing, addressing the essential need for affordable living spaces within the Cleveland community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The charity has received a score of 73%, resulting in a Two-Star rating, which indicates some areas of strength but also highlights potential concerns. This score is derived entirely from a single beacon focused on Accountability & Finance, suggesting that the organization may have limitations in other areas, such as impact or leadership.
Strengths of the organization include a fully independent board, comprising 10 out of 10 members, which contributes positively to its governance. Additionally, the organization shows strong financial responsibility with a low liabilities-to-assets ratio of 4.68%, and a high program expense ratio of 89.23%, indicating that a significant portion of its funds are allocated towards its programs.
However, the overall rating reflects the focus on financial aspects without a broader evaluation of impact or effectiveness in achieving its mission. While the organization demonstrates commendable financial practices, the lack of a higher rating may suggest that there are areas in need of improvement, particularly in demonstrating tangible outcomes from its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is 8200-8300 Franklin Blvd legitimate?
8200-8300 Franklin Blvd is a legitimate nonprofit organization registered as a 501(c)(3) entity. 8200-8300 Franklin Blvd 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: $19,056
For more financial information, click here
What is the mission statement of 8200-8300 Franklin Blvd?
8200-8300 Franklin Blvd, as a public housing facility, is committed to serving the community by providing low-income housing opportunities. The organization's mission is centered around this objective, with programs specifically designed to cater to this need. By offering affordable housing, it aims to contribute to the betterment of individuals who may be economically disadvantaged. The focus remains on ensuring that everyone has a place to call home, regardless of their financial standing.
Who is the CEO of 8200-8300 Franklin Blvd?
Elaine Gimmel is the Board Member of 8200-8300 Franklin Blvd.
What is the revenue of 8200-8300 Franklin Blvd?
8200-8300 Franklin Blvd's revenue in 2022 was $86,465.
Who are the executives of 8200-8300 Franklin Blvd and what are their salaries?
Here are 21 key members and their salaries:
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- Related: $131,615
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- Related: $147,000
- Other: $17,940
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- Related: $128,294
- Other: $6,724
Where can I find the form 990 for 8200-8300 Franklin Blvd?
8200-8300 Franklin Blvd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 8200-8300 Franklin Blvd
8200-8300 Franklin Blvd, as a nonprofit organization, is committed to providing low-income housing to the public. Situated in an undisclosed location, its primary mission is to cater to individuals with limited financial resources by offering them suitable housing options. The organization's programs are centered around this mission, focusing on the provision of affordable housing units to support the community's needs. By doing so, 8200-8300 Franklin Blvd contributes to creating a more equitable living environment, ensuring that everyone has access to a place to call home, regardless of their financial situation.
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Impact
October, 2024
8200-8300 Franklin Blvd plays a vital role in addressing housing needs in Cleveland, OH, by providing low-income housing options to the community. Its facilities serve as a crucial resource for individuals and families facing financial challenges, helping to alleviate homelessness and housing instability in the area. By focusing on low-income housing, 8200-8300 Franklin Blvd contributes to the overall social and economic health of the community, enabling residents to secure stable and affordable living conditions. This, in turn, fosters a sense of community, supports local economies, and allows individuals to pursue opportunities that can lead to improved quality of life.
This information is meant to be a general summary of 8200-8300 Franklin Blvd. 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: $5
- Program Service Revenue: $38,942
- Gross Receipts: $86,465
Assets and Liabilities:
- Total Assets: $472,596
- Total Liabilities: $22,124
- Net Assets: $450,472
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME TENANT
Revenue
$38,942
Organization Details
Founding Year
2012
Phone
(216) 961-9690Principal Officer
Elaine Gimmel
Main Address
7812 MADISON AVE, CLEVELAND, OH, 441024056
NTEE Category
Code: L21 - Housing
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