Overview
What is Granville Place Inc?
Granville Place Inc is a nonprofit organization located in Winston-Salem, North Carolina (NC). Specifically situated at 2585 W Clemmonsville Rd Suite 102, this organization is dedicated to providing housing solutions for the elderly with low income. They manage a 101-unit apartment complex that adheres to HUD regulations, ensuring a comfortable living environment for its elderly residents. The mission of Granville Place Inc involves the development and operation of such facilities, contributing to the well-being and independence of the elderly community.
Official website here: www.nchsm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars, 73%)
Granville Place Inc has received a rating of Two Stars from Charity Navigator, indicating a need for improvement in various operational areas. The organization demonstrates strong accountability in aspects such as having a fully independent board and a thorough financial oversight committee. Their program expense ratio is notably high, reflecting a commitment to directing funds towards their mission.
However, the organization faces challenges, particularly in governance and transparency. The absence of a conflict of interest policy and a whistleblower policy raises concerns about internal accountability. Additionally, the high liabilities to assets ratio suggests potential financial instability, which could impact the organization's long-term sustainability and effectiveness.
Overall, while Granville Place Inc shows a dedication to its programs and has a solid governance structure in certain aspects, addressing the noted gaps in policies and financial management will be essential for enhancing its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Granville Place Inc legitimate?
Granville Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Granville Place 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: $0
For more financial information, click here
Official website here: www.nchsm.org
What is the mission statement of Granville Place Inc?
Granville Place Inc is dedicated to providing housing solutions for the elderly with low income. Their primary mission is to develop and operate a Section 202 apartment complex, offering affordable living spaces for this demographic. By owning and operating this complex, they aim to contribute to the well-being and comfort of the elderly population, ensuring they have a place to call home.
Official website here: www.nchsm.org
Who is the CEO of Granville Place Inc?
Tammy Vernon is the Secretary of Granville Place Inc.
Official website here: www.nchsm.org
What is the revenue of Granville Place Inc?
Granville Place Inc's revenue in 2022 was $1,198,713.
Official website here: www.nchsm.org
Who are the executives of Granville Place Inc and what are their salaries?
There 5 volunteers at Granville Place Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.nchsm.org
Where can I find the form 990 for Granville Place Inc?
Granville Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nchsm.org
Learn more at the official website: www.nchsm.org
Mission Statement of Granville Place Inc
Granville Place Inc, a nonprofit organization, is dedicated to the mission of developing and operating a Section 202 apartment complex for the low-income elderly. This mission translates into providing a 101-unit housing facility that adheres to HUD regulations, specifically designed for the elderly population with limited income. The organization's goal is to ensure that this segment of society has access to safe, affordable, and comfortable living spaces, contributing to their overall well-being and independence. By managing this Section 202 apartment complex, Granville Place Inc aims to make a significant impact on the lives of the elderly, providing them with a secure living environment that respects their dignity and independence.
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Impact
July, 2024
Granville Place Inc's impact can be seen in its provision and management of a 101-unit HUD-regulated apartment complex for low-income elderly individuals in Winston-Salem, NC. By owning and operating this Section 202 apartment complex, Granville Place Inc is directly addressing the housing needs of the elderly population in the area. This initiative serves to provide affordable housing options for those who may struggle to find suitable accommodation due to financial constraints. Through its mission of developing and operating such housing complexes, Granville Place Inc is actively contributing to the welfare of the low-income elderly community, ensuring they have a safe and comfortable place to call home.
This information is meant to be a general summary of Granville Place 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: $399
- Program Service Revenue: $337,545
- Gross Receipts: $1,198,713
Assets and Liabilities:
- Total Assets: $1,824,752
- Total Liabilities: $1,912,729
- Net Assets: -$87,977
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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
$327,957
LAUNDRY AND VENDING
Revenue
$8,100
TENANT CHARGES
Revenue
$1,488
Organization Details
Founding Year
1978
Phone
(336) 765-3906Principal Officer
Tammy Vernon
Main Address
2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC, 27127
Website
www.nchsm.orgNTEE Category
Code: L21Z - Housing
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