Overview
What is Goodwill Properties Inc?
Goodwill Properties Inc is a supporting organization, based at 2640 Falls Avenue, Waterloo, Iowa. Their primary role is to aid Goodwill Industries of Northeast Iowa, Inc., a tax-exempt entity under IRC Section 501(c)(3). By operating under IRC Section 509(a)(3), Goodwill Properties Inc contributes to Goodwill Industries' mission, providing resources and support to further its objectives. The exact nature of these resources and support is not specified in the given information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Goodwill Properties Inc has achieved an impressive score of 94%, reflecting strong accountability and financial management practices. This high rating indicates that the organization meets rigorous standards for transparency and responsible governance, which is crucial for fostering trust among donors and stakeholders.
The charity excels particularly in its independent board governance, with 100% of its board members being independent, and it has implemented comprehensive policies on conflict of interest, whistleblower protection, and document retention. Furthermore, it demonstrates a solid financial standing with a low liabilities-to-assets ratio of 18.39%, indicating sound fiscal health.
One notable strength of Goodwill Properties Inc is its remarkable program expense ratio, which stands at 100%. This suggests that all funds are directed towards its programs, underscoring the organization’s commitment to its mission. However, while the organization has shown exceptional performance in accountability and finance, no specific programmatic outcomes or impact data are provided, which could further enhance understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Properties Inc legitimate?
Goodwill Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Properties 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:
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What is the mission statement of Goodwill Properties Inc?
Goodwill Properties Inc operates as a supporting organization, adhering to the guidelines under IRC Section 509(A)(3). Its primary function is to exclusively benefit Goodwill Industries of Northeast Iowa, Inc., a tax-exempt entity under IRC Section 501(C)(3). The organization's activities are geared towards furthering the supporting objectives of Goodwill Industries of Northeast Iowa, Inc. While the mission statement does not explicitly outline specific goals or initiatives, it can be inferred that Goodwill Properties Inc serves to reinforce and enhance the mission and activities of its beneficiary organization.
Who is the CEO of Goodwill Properties Inc?
Star M Rupe is the Chair of Goodwill Properties Inc.
What is the revenue of Goodwill Properties Inc?
Goodwill Properties Inc's revenue in 2022 was $185,172.
Who are the executives of Goodwill Properties Inc and what are their salaries?
There 13 volunteers at Goodwill Properties Inc.
Here are 16 key members and their salaries:
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- Related: $176,718
- Other: $31,659
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- Related: $117,753
- Other: $32,753
Where can I find the form 990 for Goodwill Properties Inc?
Goodwill Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Goodwill Properties Inc
Goodwill Properties Inc serves as a supporting organization, operating under IRC Section 509(A)(3), with the primary purpose of benefiting Goodwill Industries of Northeast Iowa, Inc., a recognized tax-exempt entity under IRC Section 501(C)(3). The mission of Goodwill Properties Inc is centered around providing supporting activities for Goodwill Industries of Northeast Iowa, Inc. This role is instrumental in furthering the goals and objectives of the latter organization, ultimately contributing to its overall success.
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Impact
October, 2024
Goodwill Properties Inc plays a vital role in enhancing the capacity and support of Goodwill Industries of Northeast Iowa, Inc. By operating as a supporting organization under IRC Section 509(A)(3), it focuses on providing essential resources and activities that bolster the mission of Goodwill. This collaboration directly aids in delivering human services that benefit the community, emphasizing workforce development, skills training, and employment opportunities for individuals facing barriers to traditional employment.
Located in Waterloo, Iowa, Goodwill Properties Inc is integral to addressing local needs by ensuring that Goodwill Industries has the necessary support to fulfill its objectives. Through this synergistic relationship, the organization promotes economic empowerment and social inclusion for individuals in the region, ultimately fostering a more robust and resilient community.
This information is meant to be a general summary of Goodwill Properties 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.
- Program Service Revenue: $185,172
- Gross Receipts: $185,172
Assets and Liabilities:
- Total Assets: $1,172,350
- Total Liabilities: $215,651
- Net Assets: $956,699
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$185,172
Organization Details
Founding Year
2015
Phone
(319) 234-4626Principal Officer
Star M Rupe
Main Address
2640 FALLS AVENUE, WATERLOO, IA, 507015722
NTEE Category
Code: P11 - Human services
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