Overview
What is Downtown Churches United- Gillfield Housing Corporation?
Downtown Churches United-Gillfield Housing Corporation is a nonprofit organization situated in Petersburg, Virginia. Their primary mission is to provide low-income housing solutions for eligible senior residents, utilizing the federal Section 8 program. Through this program, they offer comfortable living spaces to those in need, contributing significantly to the community. The organization's mission demonstrates a commitment to supporting the elderly population, ensuring they have access to secure and affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% - Three-Star out of Four Stars
Downtown Churches United - Gillfield Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is derived from a comprehensive assessment focused entirely on Accountability & Finance, where the organization achieved a score of 75%. The rating reflects a commitment to transparency and governance, showcasing strengths such as having an independent board and established financial oversight.
The organization scored particularly well in areas like board independence, with all board members being independent, and effective financial management practices, indicated by their 100% program expense ratio. This suggests that the majority of their funds are being directed towards their programs rather than administrative costs. They also have robust policies in place, such as a whistleblower policy and documented board meeting minutes, which further enhance their credibility.
However, the organization did face challenges with its liabilities to assets ratio, which scored 0 out of 15 points. This indicates that their liabilities exceed their assets, which could raise concerns regarding financial sustainability. Overall, while Downtown Churches United - Gillfield Housing Corporation demonstrates strong governance and effective use of funds, potential donors might want to consider their financial stability as a point for further inquiry.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Churches United- Gillfield Housing Corporation legitimate?
Downtown Churches United- Gillfield Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Churches United- Gillfield 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: $213,311
For more financial information, click here
What is the mission statement of Downtown Churches United- Gillfield Housing Corporation?
Downtown Churches United-Gillfield Housing Corporation is dedicated to providing low-income housing opportunities for eligible elderly residents. They achieve this mission through the federal Section 8 program, offering suitable accommodations in Petersburg, Virginia. The organization's primary goal is to contribute to the well-being of its residents by providing them with a secure living environment. Downtown Churches United-Gillfield Housing Corporation is committed to ensuring that the elderly in need have access to affordable housing, enhancing their quality of life.
Who is the CEO of Downtown Churches United- Gillfield Housing Corporation?
Michael Shannon is the Principal Officer of Downtown Churches United- Gillfield Housing Corporation.
What is the revenue of Downtown Churches United- Gillfield Housing Corporation?
Downtown Churches United- Gillfield Housing Corporation's revenue in 2022 was $1,108,880.
Who are the executives of Downtown Churches United- Gillfield Housing Corporation and what are their salaries?
There 3 volunteers at Downtown Churches United- Gillfield Housing Corporation.
Here are 5 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
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Downtown Churches United- Gillfield Housing Corporation?
Downtown Churches United- Gillfield Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Churches United- Gillfield Housing Corporation
Downtown Churches United-Gillfield Housing Corporation is dedicated to providing low-income housing solutions for eligible elderly residents in Petersburg, VA, through the federal Section 8 program. This nonprofit organization plays a significant role in addressing the housing needs of the elderly population by offering them a secure and affordable living environment. By leveraging the Section 8 program, Downtown Churches United-Gillfield Housing Corporation ensures that qualifying individuals have access to suitable accommodations, thereby contributing to their overall well-being. The organization's mission is centered around providing a sense of security and stability to the elderly population, enabling them to live with dignity and independence.
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Impact
July, 2024
Downtown Churches United- Gillfield Housing Corporation provides low-income housing for qualifying elderly residents in Petersburg, VA through the federal Section 8 program. Their impact includes providing safe and affordable housing options for elderly individuals who may otherwise struggle to find suitable accommodations. Their mission to support this demographic helps enhance the quality of life for those in need in the community.
This information is meant to be a general summary of Downtown Churches United- Gillfield 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.
- Investment Income: $211
- Program Service Revenue: $1,108,669
- Gross Receipts: $1,108,880
Assets and Liabilities:
- Total Assets: $1,752,168
- Total Liabilities: $1,802,015
- Net Assets: -$49,847
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL PAYMENTS
Revenue
$1,108,669
Organization Details
Founding Year
1978
Phone
(804) 748-4649Principal Officer
Michael Shannon
Main Address
128 SOUTH SYCAMORE STREET, PETERSBURG, VA, 23803
NTEE Category
Code: L21Z - Housing
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