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Edinburgh Square Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521260323 ✦ Roanoke, VA ✦ Designated as a 501(c)(3)

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Overview

What is Edinburgh Square Foundation?

Edinburgh Square Foundation is a nonprofit organization located at 3333 Peters Creek Road, Roanoke, Virginia. Its primary mission is to offer affordable housing opportunities for elderly and handicapped individuals, ensuring equality and fairness, regardless of race, sex, religion, or national origin. With a dedicated team of six employees, the foundation focuses on providing a safe living environment for its residents, upholding its commitment to this crucial cause.


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What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Stars)

The Edinburgh Square Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's score is derived entirely from its Accountability & Finance assessment, which highlights its adherence to best practices in fiscal management. With a score of 81%, the organization demonstrates a strong commitment to transparency and responsible financial oversight.

One of the significant strengths of the Edinburgh Square Foundation is its governance structure, featuring a fully independent board with eight members, all of whom contribute to its accountability. The charity excels in various financial practices, scoring full points in areas such as financial audit oversight and material diversion of assets, showcasing its integrity and commitment to ethical operations. Furthermore, the organization has established essential policies regarding conflicts of interest and whistleblower protections, which further enhances its accountability.

However, while the organization scores well in numerous areas, the single-beacon rating indicates that its performance reflects only its financial practices without additional evaluations of its programmatic impact. Stakeholders may want to consider this limitation when assessing the overall effectiveness and reach of the foundation's initiatives beyond financial metrics.


This AI summary has been generated from information found on Charity Navigator.

Is Edinburgh Square Foundation legitimate?

Edinburgh Square Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edinburgh Square Foundation 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: $246,120

For more financial information, click here


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What is the mission statement of Edinburgh Square Foundation?

The Edinburgh Square Foundation's mission is centered around providing housing for individuals who are elderly or handicapped, and who have limited income. This organization is committed to ensuring equality and does not discriminate based on factors such as race, sex, religion, or national origin. The primary objective of the foundation is to offer affordable housing solutions for this specific group of individuals, aiming to improve their quality of life.


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Who is the CEO of Edinburgh Square Foundation?

Shannon Abell is the Principal Officer of Edinburgh Square Foundation.


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What is the revenue of Edinburgh Square Foundation?

Edinburgh Square Foundation's revenue in 2022 was $1,327,426.


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Who are the executives of Edinburgh Square Foundation and what are their salaries?

The average compensation at Edinburgh Square Foundation during 2022 was $41,020. There are 6 employees and 9 volunteers at Edinburgh Square Foundation.


Here are 8 key members and their salaries:


Ronkeith Adkins (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond G Cobb (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon G Abell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Adkins (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Musselwhite (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Stokes (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Paradzinski (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Huddleston (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


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Where can I find the form 990 for Edinburgh Square Foundation?

Edinburgh Square Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


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Mission Statement of Edinburgh Square Foundation

Edinburgh Square Foundation, a nonprofit organization, is committed to providing low-income housing for elderly and handicapped individuals. This mission is rooted in a desire to offer a safe and supportive living environment for individuals who may face challenges in securing adequate housing due to their age or disability. The foundation upholds a policy of equality, ensuring that it does not discriminate on the basis of race, sex, religion, or national origin. By providing housing for this vulnerable population, Edinburgh Square Foundation contributes to their overall well-being and independence, allowing them to live with dignity and respect.

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Impact




July, 2024

Edinburgh Square Foundation's impact is significant in providing housing for elderly and handicapped individuals in Roanoke, VA. By offering low-income housing options, the foundation ensures that these vulnerable populations have a safe and affordable place to live. Their mission to provide housing without discrimination based on race, sex, religion, or national origin shows a commitment to equity and inclusivity in their services. Overall, Edinburgh Square Foundation's work directly benefits those in need by offering a vital resource in the form of housing support.




This information is meant to be a general summary of Edinburgh Square Foundation. 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.

Revenue
$1,327,426 (2022)
Expenses
$1,160,171 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$3,371
  • Program Service Revenue: $1,330,797
  • Gross Receipts: $1,331,935

Assets and Liabilities:

  • Total Assets: $3,509,784
  • Total Liabilities: $3,650,809
  • Net Assets: -$141,025

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME - HAP

Revenue

$811,775

RENTAL INCOME-TENANTS

Revenue

$462,393

SERVICE GRANT INCOME

Revenue

$45,970

MISCELLANEOUS INCOME

Revenue

$10,659

Organization Details

Founding Year

1982

Principal Officer

Shannon Abell

Main Address

3333 PETERS CREEK RD, ROANOKE, VA, 240192719

NTEE Category

Code: L22Z - Housing

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