Overview
What is South Seventh Corporation?
South Seventh Corporation, with its operational address at PO Box 450049, Atlanta, GA 31145, is a dedicated nonprofit organization. Its primary mission is to provide suitable housing for the elderly and self-sufficient handicapped individuals, in accordance with the guidelines set by the US Department of HUD's Section 202 Housing Program. This is achieved through the operation and maintenance of a 40-unit apartment complex, affectionately known as Dogwood Plaza. The organization's mission supports the well-being and living conditions of its elderly residents, ensuring a comfortable and self-sufficient environment for them.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
South Seventh Corporation has earned a Three-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 79% based solely on its performance in this area, indicating a robust framework for transparency and responsible financial stewardship. The rating is primarily derived from a variety of indicators, including a fully independent board and thorough auditing practices.
The organization demonstrates significant strengths, such as a 100% independent board and a high program expense ratio of 90.71%, which suggests that a large portion of its resources is directed toward its programs rather than administrative costs. Additionally, it maintains comprehensive policies regarding conflicts of interest, whistleblowing, and document retention, showcasing its dedication to ethical governance.
However, South Seventh Corporation's liabilities to assets ratio is notably high at 108.96%, which raises concerns about its financial health and sustainability. While the organization excels in governance and program funding, potential donors and stakeholders may want to consider its financial liabilities when evaluating the overall risk and future viability.
This AI summary has been generated from information found on Charity Navigator.
Is South Seventh Corporation legitimate?
South Seventh Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Seventh Corporation 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: $117,275
For more financial information, click here
What is the mission statement of South Seventh Corporation?
The South Seventh Corporation is committed to providing housing for a specific group of individuals. Specifically, they operate and maintain a 40-unit apartment complex, catering to the elderly and the self-sufficient handicapped. This is done in alignment with the guidelines of the US Department of HUD's Section 202 Housing Program. The corporation's mission is to ensure the proper operation and maintenance of this housing facility, providing a safe and suitable living environment for its residents.
Who is the CEO of South Seventh Corporation?
Gerald Eickhoff is the President of South Seventh Corporation.
What is the revenue of South Seventh Corporation?
South Seventh Corporation's revenue in 2022 was $602,826.
Who are the executives of South Seventh Corporation and what are their salaries?
There 7 volunteers at South Seventh Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for South Seventh Corporation?
South Seventh Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Seventh Corporation
South Seventh Corporation, a nonprofit organization, is dedicated to providing housing for the elderly and the self-sufficient handicapped. In line with the United States Department of HUD's Section 202 Housing Program, they meticulously operate and maintain a 40-unit apartment complex. Their mission is to ensure that this housing complex caters to the specific needs of this demographic, providing them with a secure and suitable living environment. By adhering to the guidelines set by the Section 202 Housing Program, South Seventh Corporation ensures that the elderly and self-sufficient handicapped individuals residing in their complex can live with dignity and independence.
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Impact
July, 2024
South Seventh Corporation provides essential housing for the elderly and self-sufficient handicapped individuals in Atlanta, Georgia. Through the operation and maintenance of a 40-unit apartment complex, the organization plays a crucial role in ensuring that these vulnerable populations have a safe and supportive living environment. By participating in the US Department of HUD's Section 202 housing program, South Seventh Corporation contributes directly to addressing the pressing need for affordable and accessible housing options for seniors and handicapped individuals in the community. Their impact can be seen in the improved quality of life and increased stability they provide for these individuals.
This information is meant to be a general summary of South Seventh Corporation. 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: $85
- Program Service Revenue: $601,444
- Gross Receipts: $602,826
Assets and Liabilities:
- Total Assets: $796,235
- Total Liabilities: $867,590
- Net Assets: -$71,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$601,444
Organization Details
Founding Year
1984
Phone
(678) 330-2015Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L21Z - Housing
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