Overview
What is Spring Valley Elderly Housing Inc?
Spring Valley Elderly Housing Inc, located in Atlanta, Georgia, is a nonprofit organization dedicated to providing housing solutions for low-income elderly individuals. In accordance with the Department of Housing and Urban Development's requirements, they operate an apartment complex, offering a safe and comfortable living environment. Their primary mission is to own and manage a rental housing property for the elderly, under Section 202 of the National Housing Act. This act is designed to ensure affordable and accessible housing for this vulnerable population, enhancing their quality of life and promoting a sense of community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Spring Valley Elderly Housing Inc has received a Three-Star rating from Charity Navigator, indicating a generally positive evaluation of its performance. The organization's overall score is primarily derived from its accountability and finance metrics, highlighting its commitment to financial transparency and effective governance. A perfect score in board independence suggests strong oversight capabilities, which is essential for maintaining trust with donors and beneficiaries.
The organization excels in several key areas, such as having a fully independent board and no material diversion of assets, which points to a well-managed structure. Additionally, it has established important policies, including conflict of interest, whistleblower, and document retention policies, all of which contribute to its operational integrity. Furthermore, Spring Valley Elderly Housing demonstrates a commendable program expense ratio of 86.87%, reflecting its focus on delivering services rather than administrative overhead.
However, a significant concern arises from the liabilities to assets ratio, which stands at 200.38%. This indicates that the organization may have more liabilities than assets, which could pose financial sustainability issues in the long term. While the organization shows strengths in governance and program execution, addressing its financial leverage will be crucial for its ongoing effectiveness and stability.
This AI summary has been generated from information found on Charity Navigator.
Is Spring Valley Elderly Housing Inc legitimate?
Spring Valley Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Valley Elderly Housing 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: $106,986
For more financial information, click here
What is the mission statement of Spring Valley Elderly Housing Inc?
Spring Valley Elderly Housing Inc's primary mission is to manage and operate a rental housing property, catering to low-income elderly individuals. This mission aligns with Section 202 of the National Housing Act. The organization is dedicated to providing a suitable living environment for this specific demographic, ensuring compliance with the Department of Housing and Urban Development's requirements. In essence, Spring Valley Elderly Housing Inc serves as a housing solution, offering a place of residence for elderly individuals who fall under the specified income bracket.
Who is the CEO of Spring Valley Elderly Housing Inc?
Gerald Eickhoff is the President of Spring Valley Elderly Housing Inc.
What is the revenue of Spring Valley Elderly Housing Inc?
Spring Valley Elderly Housing Inc's revenue in 2022 was $462,805.
Who are the executives of Spring Valley Elderly Housing Inc and what are their salaries?
There 7 volunteers at Spring Valley Elderly Housing Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Spring Valley Elderly Housing Inc?
Spring Valley Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spring Valley Elderly Housing Inc
Spring Valley Elderly Housing Inc, as its mission statement suggests, is dedicated to owning and operating a rental housing property catering to low-income elderly individuals. This endeavor aligns with Section 202 of the National Housing Act. The organization's primary objective is to provide a suitable living space for this specific demographic, ensuring they have access to comfortable and affordable housing. In carrying out this mission, Spring Valley Elderly Housing Inc meticulously adheres to the guidelines set forth by the Department of Housing and Urban Development, ensuring that the apartment complex is maintained and operated in accordance with these requirements.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Spring Valley Elderly Housing Inc's impact lies in providing affordable housing for low-income elderly persons in Atlanta, GA through the operation and maintenance of an apartment complex. Their focus on meeting the housing needs of this vulnerable population helps to ensure that elderly individuals have a safe and stable place to call home. By offering affordable housing options, Spring Valley Elderly Housing Inc contributes to improving the quality of life and overall well-being of low-income elderly residents in the community.
This information is meant to be a general summary of Spring Valley Elderly Housing 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: $243
- Program Service Revenue: $461,850
- Gross Receipts: $462,805
Assets and Liabilities:
- Total Assets: $399,608
- Total Liabilities: $800,759
- Net Assets: -$401,151
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY RENTAL INC
Revenue
$301,479
RENTAL AND OTHER INCOM
Revenue
$160,371
Organization Details
Founding Year
1987
Phone
(770) 496-0598Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L22Z - Housing
If you are a representative of Spring Valley Elderly Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.