Overview
What is Gw Holland Housing Corporation?
Gw Holland Housing Corporation is a nonprofit organization situated in Matthews, North Carolina, specifically at 300 East John Street 138, with a ZIP code of 28105. Their primary mission is to provide affordable housing for low-income elderly and handicapped residents in Winston-Salem, North Carolina. They accomplish this by owning and managing an apartment complex that consists of 114 units. This nonprofit organization is dedicated to enhancing the living conditions and promoting independence for this specific group of individuals within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating
The Gw Holland Housing Corporation has received a two-star rating from Charity Navigator, indicating a fair level of performance in accountability and finance. The organization demonstrates strong governance with 100% independent board members and a high program expense ratio of 96.16%, showing that the majority of its funds are directed towards its mission.
However, the nonprofit's financial health is concerning, as indicated by a liabilities to assets ratio of 91.38%, which raises questions about its fiscal sustainability. Additionally, there are several missing policies, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which may affect transparency and governance practices.
Overall, while Gw Holland Housing Corporation shows strengths in board independence and program spending, it faces challenges that may impact its overall effectiveness and accountability. Addressing the identified shortcomings could enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Gw Holland Housing Corporation legitimate?
Gw Holland Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gw Holland 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: $0
For more financial information, click here
What is the mission statement of Gw Holland Housing Corporation?
The Gw Holland Housing Corporation is dedicated to providing affordable housing for individuals with low income, specifically the elderly and those with disabilities. They achieve this by owning and operating an apartment complex consisting of 114 units, catering to this specific demographic in need. Their mission is centered around offering a secure living space for these individuals, ensuring they have access to suitable housing options. The corporation's work aims to enhance the quality of life for these tenants by providing them with a suitable housing solution.
Who is the CEO of Gw Holland Housing Corporation?
Jesse Hymes is the Assistant Secretary of Gw Holland Housing Corporation.
What is the revenue of Gw Holland Housing Corporation?
Gw Holland Housing Corporation's revenue in 2022 was $1,162,325.
Who are the executives of Gw Holland Housing Corporation and what are their salaries?
There 9 volunteers at Gw Holland Housing Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Gw Holland Housing Corporation?
Gw Holland Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gw Holland Housing Corporation
Gw Holland Housing Corporation is devoted to providing low-income housing for elderly and handicapped residents, establishing a residential community of 114 units. With a strong sense of ownership and operation, this nonprofit organization aims to cater to the housing needs of this specific demographic, ensuring they have a secure and comfortable living environment. By managing an apartment complex, Gw Holland Housing Corporation contributes significantly to the well-being of its tenants, offering them a place to call home.
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Impact
July, 2024
Gw Holland Housing Corporation's impact can be seen in its provision of low-income housing for residents of Winston-Salem, North Carolina through the ownership and operation of an apartment complex consisting of 114 units for low-income elderly and handicapped tenants. By offering affordable and safe housing options for those in need, the organization plays a crucial role in addressing housing insecurity and improving the quality of life for vulnerable populations in the community.
This information is meant to be a general summary of Gw Holland 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: $196
- Program Service Revenue: $432,797
- Gross Receipts: $1,162,325
Assets and Liabilities:
- Total Assets: $4,954,477
- Total Liabilities: $4,734,504
- Net Assets: $219,973
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$423,330
LAUNDRY AND VENDING
Revenue
$8,323
TENANT CHARGES
Revenue
$1,144
Organization Details
Founding Year
1993
Phone
(704) 771-1696Principal Officer
Jesse Hymes
Main Address
300 EAST JOHN STREET 138, MATTHEWS, NC, 28105
NTEE Category
Code: L22 - Housing
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