Overview
What is Glenmore Housing Inc?
Glenmore Housing Inc, based in Baltimore, Maryland, is a dedicated nonprofit organization that specializes in providing low-income housing for mentally disabled individuals within the city. Their primary mission revolves around the development and management of affordable housing for adults who are economically disadvantaged. By offering this essential service, Glenmore Housing Inc aims to contribute positively to the community and support those in need. Their address, 2918-B Glenmore Avenue, Baltimore, MD 21214, is a testament to their commitment to serving the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Glenmore Housing Inc has received an 84% rating from Charity Navigator, indicating a solid performance in accountability and finance, which forms the basis of its score. With a focus on transparency, the organization has achieved full marks in several key areas, including the presence of independent board members and a whistleblower policy, reflecting its commitment to ethical governance and management practices.
The financial health of Glenmore Housing Inc is highlighted by a low liabilities to assets ratio of 27.41% and a program expense ratio of 83.04%. These figures suggest that the majority of their expenses are directed towards their programs rather than administrative costs, demonstrating effective use of resources to achieve their mission.
While the organization shows strong governance and fiscal responsibility, the rating is derived solely from its accountability and finance metrics, which may limit the overall assessment of its impact and effectiveness in the community it serves. Nonetheless, the high score indicates that Glenmore Housing Inc is a trustworthy nonprofit dedicated to its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Glenmore Housing Inc legitimate?
Glenmore Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glenmore Housing 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,781
For more financial information, click here
What is the mission statement of Glenmore Housing Inc?
Glenmore Housing Inc is dedicated to the development and management of affordable housing for individuals with low income. This organization's mission is to serve this specific demographic, ensuring they have access to suitable living spaces. Their primary focus is on providing housing for mentally disabled adults, as stated in the information provided. While the scope of their activities is not fully outlined, it can be inferred that they strive to improve living conditions and provide a sense of security for their residents.
Who is the CEO of Glenmore Housing Inc?
Nico Sanders is the President of Glenmore Housing Inc.
What is the revenue of Glenmore Housing Inc?
Glenmore Housing Inc's revenue in 2022 was $71,700.
Who are the executives of Glenmore Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $53,968
- Other: $10,119
- Compensation: $0
- Related: $217,909
- Other: $30,400
- Compensation: $0
- Related: $59,308
- Other: $11,519
- Compensation: $0
- Related: $40,385
- Other: $1,165
Where can I find the form 990 for Glenmore Housing Inc?
Glenmore Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Glenmore Housing Inc
Glenmore Housing Inc, as a nonprofit organization, is dedicated to the development and management of affordable housing for individuals with low income, with a specific focus on adults. This mission is a crucial aspect of their work, aiming to provide these individuals with a safe and affordable living environment. By offering housing solutions, Glenmore Housing Inc contributes to the well-being and stability of its residents, enabling them to focus on other essential aspects of their lives. In Baltimore City, Glenmore Housing Inc extends its services further by providing low-income housing specifically for mentally disabled adults. This commitment to affordable and inclusive housing is a testament to Glenmore Housing Inc's dedication to supporting vulnerable populations and promoting social equity.
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Impact
August, 2024
Glenmore Housing Inc's impact lies in its provision of affordable housing for low-income adults, particularly focusing on mentally disabled individuals in Baltimore City. By offering housing options to this vulnerable population, Glenmore Housing Inc plays a crucial role in improving their quality of life and ensuring they have a stable and safe place to call home. Additionally, the organization's focus on affordable housing addresses a critical need in the community, helping to combat homelessness and housing insecurity among low-income individuals in Baltimore. Overall, Glenmore Housing Inc's efforts contribute to creating a more inclusive and supportive environment for those in need within the city.
This information is meant to be a general summary of Glenmore Housing 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.
- Investment Income: $1
- Program Service Revenue: $71,699
- Gross Receipts: $71,700
Assets and Liabilities:
- Total Assets: $228,618
- Total Liabilities: $57,126
- Net Assets: $171,492
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTS
Revenue
$76,424
VACANCY LOSS
Revenue
-$4,725
Organization Details
Founding Year
1999
Phone
(410) 545-4429Principal Officer
Nico Sanders
Main Address
2918-B GLENMORE AVENUE, BALTIMORE, MD, 21214
NTEE Category
Code: L21 - Housing
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