Overview
What is Catherine Booth Residence Inc A Nc Corp?
Catherine Booth Residence Inc A Nc Corp is a nonprofit organization situated in Brookhaven, Georgia. Their primary objective is to provide affordable housing for the elderly, handicapped, and disabled individuals. To accomplish this mission, they own and operate an 82-unit apartment facility located in Gastonia, North Carolina. The organization, also known as Catherine Booth Gardens Apartments, aims to ensure that these vulnerable groups have access to suitable living arrangements, contributing positively to their overall well-being.
Official website here: www.uss.salvationarmy
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars, Overall Score: 62%
Catherine Booth Residence Inc A Nc Corp has received a two-star rating from Charity Navigator, indicating that the organization needs improvement. The overall score of 62% suggests some strengths in its operations, particularly in program expense management, where it scored 82.29%. This indicates a significant commitment to programmatic spending relative to its total expenses.
However, the organization faces notable challenges in governance and financial accountability. It lacks any independent board members, which raises concerns about oversight and transparency. Additionally, while it has policies in place for conflict of interest, whistleblower protection, and document retention, it failed to post its tax form on its website, which is a critical aspect of transparency for donors and stakeholders.
Financially, the organization's liabilities to assets ratio stands at 168.23%, signaling potential financial instability that may hinder its operational effectiveness. Although there are no material diversions of assets reported, the overall financial health and governance practices suggest a need for improvement to enhance donor confidence and organizational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Catherine Booth Residence Inc A Nc Corp legitimate?
Catherine Booth Residence Inc A Nc Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catherine Booth Residence Inc A Nc Corp 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
Official website here: www.uss.salvationarmy
What is the mission statement of Catherine Booth Residence Inc A Nc Corp?
Catherine Booth Residence Inc A Nc Corp is dedicated to providing affordable housing for the elderly, handicapped, and disabled individuals. This non-profit organization operates an 82-unit apartment facility, and its primary mission is to offer a safe and accessible living environment for those who may otherwise struggle with housing costs. By providing affordable housing, the residence aims to enhance the quality of life for its residents, ensuring they can live with dignity and independence.
Official website here: www.uss.salvationarmy
What is the revenue of Catherine Booth Residence Inc A Nc Corp?
Catherine Booth Residence Inc A Nc Corp's revenue in 2023 was $534,504.
Official website here: www.uss.salvationarmy
Who are the executives of Catherine Booth Residence Inc A Nc Corp and what are their salaries?
There 15 volunteers at Catherine Booth Residence Inc A Nc Corp.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $48,313
- Other: $21,038
- Compensation: $0
- Related: $83,629
- Other: $33,808
- Compensation: $0
- Related: $29,375
- Other: $0
- Compensation: $0
- Related: $45,314
- Other: $35,678
- Compensation: $0
- Related: $43,973
- Other: $47,440
- Compensation: $0
- Related: $47,118
- Other: $34,954
- Compensation: $0
- Related: $126,919
- Other: $31,894
- Compensation: $0
- Related: $50,187
- Other: $31,420
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $77,215
- Other: $10,898
- Compensation: $0
- Related: $31,711
- Other: $32,884
- Compensation: $0
- Related: $53,232
- Other: $34,750
- Compensation: $0
- Related: $41,787
- Other: $20,524
- Compensation: $0
- Related: $47,360
- Other: $26,960
- Compensation: $0
- Related: $54,205
- Other: $24,571
- Compensation: $0
- Related: $40,203
- Other: $14,512
- Compensation: $0
- Related: $10,238
- Other: $14,512
- Compensation: $0
- Related: $48,425
- Other: $14,512
- Compensation: $0
- Related: $39,429
- Other: $37,919
- Compensation: $0
- Related: $202,406
- Other: $28,030
- Compensation: $0
- Related: $10,104
- Other: $29,216
- Compensation: $0
- Related: $53,341
- Other: $35,634
Official website here: www.uss.salvationarmy
Where can I find the form 990 for Catherine Booth Residence Inc A Nc Corp?
Catherine Booth Residence Inc A Nc Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.uss.salvationarmy
Learn more at the official website: www.uss.salvationarmy
Mission Statement of Catherine Booth Residence Inc A Nc Corp
Catherine Booth Residence Inc, a North Carolina-based corporation, is dedicated to providing affordable housing solutions for the elderly, handicapped, and disabled individuals. Their primary mission is to create and manage an apartment facility that caters to this specific demographic, ensuring they have access to safe and comfortable living spaces. The organization, named after Catherine Booth, a prominent figure in the Salvation Army, has established an 82-unit apartment facility in Gastonia, North Carolina. This initiative aims to provide a sense of community and independence for its residents, while also addressing the unique housing needs of its target population.
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Impact
July, 2024
Catherine Booth Residence Inc A Nc Corp's impact lies in providing essential affordable housing for the elderly, handicapped, and disabled individuals in Gastonia, NC. Through their organized operation of an 82-unit apartment facility, they address a critical need in the community and offer a vital service that supports vulnerable populations. By fulfilling their mission to provide affordable housing, the organization contributes positively to the well-being and quality of life of those they serve.
This information is meant to be a general summary of Catherine Booth Residence Inc A Nc Corp. 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 2023.
- Investment Income: $5,067
- Program Service Revenue: $266,860
- Gross Receipts: $534,504
Assets and Liabilities:
- Total Assets: $4,260,325
- Total Liabilities: $7,167,145
- Net Assets: -$2,906,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$268,180
LAUNDRY & VENDING
Revenue
$9,020
TENANT CHARGES
Revenue
$2,392
APARTMENT VACANCIES
Revenue
-$12,732
Organization Details
Founding Year
2003
Principal Officer
Kelly Igleheart
Website
www.uss.salvationarmyNTEE Category
Code: P75 - Human services
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