Overview
What is Greater Owensboro Senior Citizens Union Labor Housing Corporation?
Greater Owensboro Senior Citizens Union Labor Housing Corporation is a nonprofit organization situated in Owensboro, Kentucky. Their primary mission involves managing an apartment complex specifically designed for the elderly. This complex offers subsidized rents through the Section 8 Housing program, making it an affordable housing solution for seniors. In addition to the apartment complex, they also provide laundry services to cater to their residents' daily needs. The corporation's aim is to provide a comfortable living environment and essential facilities for the elderly, thereby enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
The Greater Owensboro Senior Citizens Union Labor Housing Corporation has achieved a solid Three-Star rating, indicating a fair level of transparency and financial health. The charity's score is primarily derived from its Accountability & Finance metrics, where it scored 75%. This score reflects a commitment to responsible governance, underscored by the presence of a majority-independent board and a clear conflict of interest policy.
Strengths of the organization include a fully independent board with nine members, demonstrating strong oversight practices. The charity also excels in financial management, evidenced by a low liabilities to assets ratio and a 100% program expense ratio, indicating that all financial resources are directed towards its mission. These factors contribute positively to the charity's credibility and operational integrity.
However, while the rating reflects a good level of accountability, the overall score suggests there may be areas for improvement. The absence of other operational metrics in the rating may hint at limited visibility into programmatic effectiveness or broader impacts, which could be beneficial for prospective donors seeking comprehensive insights into the charity's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Owensboro Senior Citizens Union Labor Housing Corporation legitimate?
Greater Owensboro Senior Citizens Union Labor Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Owensboro Senior Citizens Union Labor Housing Corporation 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: $75,954
For more financial information, click here
What is the mission statement of Greater Owensboro Senior Citizens Union Labor Housing Corporation?
The Greater Owensboro Senior Citizens Union Labor Housing Corporation operates an apartment complex and laundry services, primarily catering to the elderly population. The rent for these accommodations is subsidized through Section 8 Housing, making it more affordable for seniors. The organization's main mission is to provide elderly individuals with a suitable living space, ensuring they have access to essential facilities. By offering subsidized rent, the corporation aims to support the elderly in maintaining a dignified living standard, promoting their independence and well-being.
Who is the CEO of Greater Owensboro Senior Citizens Union Labor Housing Corporation?
Richard Thomson is the President of Greater Owensboro Senior Citizens Union Labor Housing Corporation.
What is the revenue of Greater Owensboro Senior Citizens Union Labor Housing Corporation?
Greater Owensboro Senior Citizens Union Labor Housing Corporation's revenue in 2022 was $618,504.
Who are the executives of Greater Owensboro Senior Citizens Union Labor Housing Corporation and what are their salaries?
There 9 volunteers at Greater Owensboro Senior Citizens Union Labor Housing Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Greater Owensboro Senior Citizens Union Labor Housing Corporation?
Greater Owensboro Senior Citizens Union Labor Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Owensboro Senior Citizens Union Labor Housing Corporation
Greater Owensboro Senior Citizens Union Labor Housing Corporation is an organization dedicated to serving the elderly community. Its primary activity involves operating an apartment complex that provides suitable living spaces for seniors. The Corporation ensures that the rents for these apartments are subsidized under Section 8 Housing, making it more affordable for the elderly population. Additionally, the organization also offers laundry services as part of its comprehensive offerings. By providing subsidized housing and essential services like laundry, Greater Owensboro Senior Citizens Union Labor Housing Corporation aims to contribute positively to the well-being and comfort of senior citizens in its care.
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Impact
July, 2024
The Greater Owensboro Senior Citizens Union Labor Housing Corporation provides essential housing services to the elderly in Owensboro, Kentucky. By operating an apartment complex and offering subsidized rents through Section 8 housing, the organization plays a crucial role in ensuring that seniors have access to safe and affordable housing options. Additionally, the provision of laundry services further enhances the quality of life for the elderly residents. Overall, the impact of the Greater Owensboro Senior Citizens Union Labor Housing Corporation extends beyond providing mere shelter by actively supporting the well-being and dignity of the elderly population in the community.
This information is meant to be a general summary of Greater Owensboro Senior Citizens Union Labor Housing Corporation. 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: $618,504
- Gross Receipts: $618,504
Assets and Liabilities:
- Total Assets: $15,313,313
- Total Liabilities: $52,196
- Net Assets: $15,261,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - NOTE
Revenue
$587,728
SERVICE COORDINATOR
Revenue
$30,775
LAND LEASE
Revenue
$1
Organization Details
Founding Year
1974
Phone
(502) 634-9830Principal Officer
Richard Thomson
Main Address
2920 YALE PLACE, OWENSBORO, KY, 42301
NTEE Category
Code: L22Z - Housing
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