Overview
What is Booth Residence Inc A Ga Corp (Atlanta)?
Booth Residence Inc A Ga Corp (Atlanta) is a nonprofit organization established with the primary goal of creating and offering affordable housing for the elderly, individuals with disabilities, and those who are handicapped. This corporation, situated in Brookhaven, Georgia at 1424 NE Expressway, was aided in its construction by financial assistance from the U.S. Department of Housing and Urban Development. The organization runs a residence tower, providing 99 units of subsidized housing for the elderly. Their mission remains focused on providing affordable housing, aiming to enhance the living conditions of this specific demographic in the community.
Official website here: www.uss.salvationarmy
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Booth Residence Inc A Ga Corp has a two-star rating with an overall score of 66%, indicating areas where the organization can enhance its operations and transparency. The accountability and finance score reflects a lack of independent board members, which is crucial for governance, as it affects oversight and decision-making. However, the organization excels in certain areas, such as having no material diversion of assets and a strong program expense ratio of 88.09%, suggesting that a significant portion of its funds is directed towards its programs.
While the nonprofit has established various policies to ensure accountability, such as a conflict of interest policy and a whistleblower policy, it falls short in certain reporting aspects, notably the absence of its tax form on its website. This lack of transparency may concern potential donors and stakeholders who seek assurance about the nonprofit's financial integrity.
Overall, Booth Residence Inc A Ga Corp shows promise with a high program expense ratio and solid auditing practices, but it needs to improve its governance structure and transparency to build greater trust within the community and among donors.
This AI summary has been generated from information found on Charity Navigator.
Is Booth Residence Inc A Ga Corp (Atlanta) legitimate?
Booth Residence Inc A Ga Corp (Atlanta) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Booth Residence Inc A Ga Corp (Atlanta) 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 Booth Residence Inc A Ga Corp (Atlanta)?
Booth Residence Inc, as a corporation, is dedicated to providing affordable housing for the elderly, handicapped, and disabled individuals. This organization was formed with the primary purpose of developing and offering housing options for individuals with low and moderate income. The United States Department of Housing and Urban Development provided financing for the construction of these housing units. The corporation manages a residence tower, offering 99 units of subsidized housing for the elderly. The rent is supported by the HUD subsidies.
Official website here: www.uss.salvationarmy
What is the revenue of Booth Residence Inc A Ga Corp (Atlanta)?
Booth Residence Inc A Ga Corp (Atlanta)'s revenue in 2023 was $1,203,417.
Official website here: www.uss.salvationarmy
Who are the executives of Booth Residence Inc A Ga Corp (Atlanta) and what are their salaries?
There 5 volunteers at Booth Residence Inc A Ga Corp (Atlanta).
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $37,265
- Other: $28,046
- Compensation: $0
- Related: $36,169
- Other: $31,705
- Compensation: $0
- Related: $29,375
- Other: $0
- Compensation: $0
- Related: $126,919
- Other: $31,894
- Compensation: $0
- Related: $43,973
- Other: $47,440
- Compensation: $0
- Related: $48,313
- Other: $21,038
- Compensation: $0
- Related: $31,711
- Other: $32,884
- Compensation: $0
- Related: $47,118
- Other: $34,954
- Compensation: $0
- Related: $50,187
- Other: $31,420
- Compensation: $0
- Related: $45,314
- Other: $35,678
- Compensation: $0
- Related: $120,563
- Other: $27,725
- Compensation: $0
- Related: $83,629
- Other: $33,808
- Compensation: $0
- Related: $77,215
- Other: $10,898
- Compensation: $0
- Related: $202,406
- Other: $28,030
- Compensation: $0
- Related: $40,203
- Other: $14,512
- Compensation: $0
- Related: $39,429
- Other: $37,919
- Compensation: $0
- Related: $54,205
- Other: $24,571
- Compensation: $0
- Related: $10,104
- Other: $29,216
- Compensation: $0
- Related: $10,238
- Other: $14,512
- Compensation: $0
- Related: $48,425
- Other: $14,512
Official website here: www.uss.salvationarmy
Where can I find the form 990 for Booth Residence Inc A Ga Corp (Atlanta)?
Booth Residence Inc A Ga Corp (Atlanta)'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 Booth Residence Inc A Ga Corp (Atlanta)
Booth Residence Inc., a Georgia-based corporation, is committed to providing affordable housing for the elderly, handicapped, and disabled individuals. Established with the purpose of developing and managing housing for low and moderate income individuals, the organization has obtained financing through the U.S. Department of Housing and Urban Development. Booth Residence Inc. maintains a residence tower, offering 99 units of housing specifically designed for the elderly. The rent for these units is subsidized by the HUD, making it an accessible option for those who may not otherwise be able to afford such housing. By offering affordable and accessible housing, Booth Residence Inc. aims to enhance the living conditions and quality of life for its residents, ensuring they can live with dignity and independence.
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Impact
July, 2024
Booth Residence Inc A Ga Corp in Atlanta makes a significant impact by providing affordable housing for the elderly, handicapped, and disabled individuals in the community. Through the development and maintenance of a residence tower with 99 subsidized units, this organization ensures that low and moderate-income individuals have access to safe and affordable housing options. By securing financing through the U.S. Department of Housing and Urban Development, Booth Residence Inc addresses a critical need for housing assistance in Brookhaven, GA. This impact is crucial in supporting vulnerable populations and enhancing their quality of life.
This information is meant to be a general summary of Booth Residence Inc A Ga Corp (Atlanta). 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: $134
- Program Service Revenue: $357,448
- Gross Receipts: $1,203,417
Assets and Liabilities:
- Total Assets: $3,000,100
- Total Liabilities: $3,790,197
- Net Assets: -$790,097
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$499,492
LAUNDRY & VENDING
Revenue
$5,994
TENANT CHARGES
Revenue
$413
APARTMENT VACANCIES
Revenue
-$148,451
Organization Details
Founding Year
1984
Principal Officer
Kelly Igleheart
Website
www.uss.salvationarmyNTEE Category
Code: L21 - Housing
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