Overview
What is Croft House Inc?
Croft House Inc. is a South Carolina-based nonprofit organization, established in accordance with the state's not-for-profit statutes. Its primary purpose is to operate a 60-unit residential facility named Croft House, situated in Aiken, South Carolina. This community is specifically designed to provide housing for low-income elderly individuals, adhering to Section 207 under Section 223(F) of the National Housing Act. Croft House Inc. is dedicated to offering a supportive living environment for this particular demographic, contributing to their well-being and overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Croft House Inc has achieved a solid Three-Star rating, with an overall score of 79%, which reflects a strong emphasis on accountability and finance as the primary evaluation criterion. The organization has demonstrated effective governance through its independent board, with all members being independent, and has implemented comprehensive financial oversight measures, earning maximum points in areas such as audit and conflict of interest policies.
Strengths include a high program expense ratio of 74.95%, indicating that a significant portion of its resources is directed toward its mission-related activities. The organization's effective management practices are further supported by the presence of thorough policies for whistleblower protection and document retention, contributing to transparency and ethical oversight.
However, the organization did receive no points in the liabilities to assets ratio, which indicates potential concerns regarding its financial stability or management of debts. This aspect may warrant further analysis for potential donors who prioritize financial health in their giving decisions. Overall, Croft House Inc displays a commendable commitment to accountability, though the financial ratio could raise some flags for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Croft House Inc legitimate?
Croft House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Croft House 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.
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What is the mission statement of Croft House Inc?
Croft House Inc, as a not-for-profit corporation, was established with the primary objective of operating a 60-unit community known as Croft House. This community is specifically designed to provide housing for low-income elderly individuals, in compliance with Section 207 under Section 223(F) of the National Housing Act. The corporation's mission is centered around this purpose, aiming to contribute to the well-being and housing needs of this particular demographic.
Who is the CEO of Croft House Inc?
Charles Burhans is the President of Croft House Inc.
What is the revenue of Croft House Inc?
Croft House Inc's revenue in 2022 was $1,029,082.
Who are the executives of Croft House Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Croft House Inc?
Croft House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Croft House Inc
Croft House Inc, a not-for-profit corporation, was established with a specific purpose: to operate a 60-unit community known as Croft House, providing housing for low-income elderly individuals. This mission is carried out under Section 207, in accordance with Section 223(F) of the National Housing Act, as amended. The organization's primary goal is to offer a safe and supportive living environment for elderly individuals who may be financially disadvantaged, enabling them to maintain their dignity and independence. By providing housing, Croft House Inc plays a significant role in supporting the elderly community, ensuring they have access to a secure and comfortable living space.
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Impact
July, 2024
Croft House Inc's impact lies in providing affordable housing for low-income elderly persons in Aiken, South Carolina through its 60-unit community known as Croft House. By operating under Section 207 pursuant to Section 223(F) of the National Housing Act, Croft House Inc plays a crucial role in addressing the housing needs of this vulnerable population. Through this initiative, the organization contributes to enhancing the quality of life for elderly individuals who may face financial constraints in accessing suitable housing options, thereby promoting social well-being and security for this demographic in the local community.
This information is meant to be a general summary of Croft House 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: $97
- Program Service Revenue: $363,454
- Gross Receipts: $1,029,082
Assets and Liabilities:
- Total Assets: $950,141
- Total Liabilities: $1,883,660
- Net Assets: -$933,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$245,581
DIETARY AND RELATED SE
Revenue
$117,873
Organization Details
Founding Year
1976
Phone
(803) 536-1056Principal Officer
Charles Burhans
Main Address
401 HARBISON BLVD 3A, COLUMBIA, SC, 29212
NTEE Category
Code: L21 - Housing
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