Overview
What is Glover Plaza Inc?
Glover Plaza Inc is a nonprofit organization dedicated to providing affordable housing solutions for eligible elderly and disabled individuals with low to moderate incomes. They offer 75 rental units in total, securing assistance through HUD Section 8 housing assistance payment programs. This arrangement enables the organization to cater to this specific population group, thereby promoting social equity and ensuring that these individuals have a decent living space.
Is Glover Plaza Inc legitimate?
Glover Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glover Plaza 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: $24,745
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What is the mission statement of Glover Plaza Inc?
Glover Plaza Inc, as an organization, is committed to providing low and moderate income housing. They achieve this by offering 75 rental units to eligible elderly and disabled individuals who qualify for rental assistance through HUD Section 8 housing assistance payment programs. The primary goal is to make affordable housing available for this specific group of individuals. In essence, Glover Plaza Inc serves as a vital resource, helping to bridge the housing gap for those who may otherwise struggle to secure suitable living arrangements due to their income status.
Who is the CEO of Glover Plaza Inc?
Tyrone Garrett is the Chair of Glover Plaza Inc.
What is the revenue of Glover Plaza Inc?
Glover Plaza Inc's revenue in 2022 was $407,716.
Who are the executives of Glover Plaza Inc and what are their salaries?
There 9 volunteers at Glover Plaza Inc.
Here are 11 key members and their salaries:
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- Related: $181,832
- Other: $14,046
- Compensation: $0
- Related: $113,026
- Other: $7,694
Where can I find the form 990 for Glover Plaza Inc?
Glover Plaza Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Glover Plaza Inc
Glover Plaza Inc, a nonprofit organization, is committed to providing low and moderate income housing for eligible elderly and disabled individuals. This is achieved through the provision of 75 rental units, which are made available through HUD Section 8 housing assistance payment programs. The primary objective of Glover Plaza Inc is to ensure that individuals who fall under the low and moderate income bracket have access to suitable housing options. This initiative allows these individuals to secure a place to live, thereby enhancing their quality of life.
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Impact
October, 2024
Glover Plaza Inc plays a critical role in addressing housing challenges for low and moderate-income individuals, particularly the elderly and disabled, in Wilmington, NC. By offering 75 rental units, the organization provides essential housing options for those eligible for HUD Section 8 rental assistance. This support not only helps residents secure stable living conditions but also fosters community well-being, enhances quality of life, and promotes independence among vulnerable populations. Through its focused mission, Glover Plaza Inc significantly contributes to alleviating housing insecurity and improving the overall socio-economic landscape for its residents.
This information is meant to be a general summary of Glover Plaza 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: $304
- Program Service Revenue: $407,412
- Gross Receipts: $407,716
Assets and Liabilities:
- Total Assets: $1,741,633
- Total Liabilities: $90,211
- Net Assets: $1,651,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPTERATING TRNSFRS FRO
Revenue
$254,669
NET TENANT RENTAL PAYM
Revenue
$149,188
LAUNDRY/VENDING/TENANT
Revenue
$3,555
Organization Details
Founding Year
1991
Phone
(910) 341-7700Principal Officer
Tyrone Garrett
Main Address
PO BOX 899, WILMINGTON, NC, 284010899
NTEE Category
Code: L21Z - Housing
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