Overview
What is Nc Elderly Housing Inc?
Nc Elderly Housing Inc, based 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 guidelines, they manage and maintain an apartment complex specifically designed for this demographic. Their primary mission is to own and operate a rental property under Section 202 of the National Housing Act, ensuring that elderly individuals in financial need have access to safe and affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Nc Elderly Housing Inc has achieved a 79% rating from Charity Navigator, reflecting a strong focus on accountability and finance. This rating is derived from their performance in various metrics, with particularly high marks for having a fully independent board and no material diversion of assets, indicating sound governance practices.
The organization garnered perfect scores in several areas, including its conflict of interest policy and its whistleblower policy, showcasing a commitment to transparency and ethical management. Additionally, a program expense ratio of 88.93% suggests that a significant portion of their funding is directed towards their mission rather than administrative costs.
However, while the financial governance appears solid, the summary does not provide insights into program effectiveness or outcomes, which could be important for potential donors. Nevertheless, the existing data illustrates that Nc Elderly Housing Inc is prioritizing accountability and maintaining a transparent operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Nc Elderly Housing Inc legitimate?
Nc Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nc 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: $102,697
For more financial information, click here
What is the mission statement of Nc Elderly Housing Inc?
Nc Elderly Housing Inc's primary mission is to provide residential accommodation for elderly individuals with low income, adhering to Section 202 of the National Housing Act. The organization owns and operates a rental housing property, offering a living space that caters to the needs of this specific demographic. Their operation and maintenance of the apartment complex are carried out in accordance with the guidelines set by the Department of Housing and Urban Development. The aim is to provide a suitable living environment for the elderly population, ensuring they can reside in a secure and supportive community.
Who is the CEO of Nc Elderly Housing Inc?
Gerald Eickhoff is the President of Nc Elderly Housing Inc.
What is the revenue of Nc Elderly Housing Inc?
Nc Elderly Housing Inc's revenue in 2022 was $499,176.
Who are the executives of Nc Elderly Housing Inc and what are their salaries?
There 7 volunteers at Nc Elderly Housing Inc.
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Where can I find the form 990 for Nc Elderly Housing Inc?
Nc Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nc Elderly Housing Inc
NC Elderly Housing Inc, as a nonprofit organization, is dedicated to owning and managing a rental housing property exclusively for low-income elderly individuals. Aligning with Section 202 of the National Housing Act, this mission aims to provide a safe and comfortable living space for this specific demographic. The organization ensures the efficient operation and maintenance of the apartment complex, adhering to the guidelines set by the Department of Housing and Urban Development. By providing this service, NC Elderly Housing Inc contributes significantly to the well-being and housing security of elderly individuals with limited income, thereby enhancing their overall quality of life.
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Impact
July, 2024
Nc Elderly Housing Inc's impact can be seen in its provision of affordable housing for low-income elderly individuals in Atlanta, GA. By owning and operating a rental housing property under Section 202 of the National Housing Act, this organization ensures that elderly individuals have access to safe and stable housing. This contributes to the well-being and quality of life of the elderly population in the community. The operation and maintenance of an apartment complex specifically designed for low-income elderly individuals align with the requirements set forth by the Department of Housing and Urban Development, highlighting the organization's commitment to meeting regulatory standards and serving its target demographic. Through its mission to provide affordable housing for low-income elderly persons, Nc Elderly Housing Inc plays a vital role in addressing housing insecurity and promoting the dignity and security of elderly individuals in need.
This information is meant to be a general summary of Nc 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: $27
- Program Service Revenue: $499,066
- Gross Receipts: $499,176
Assets and Liabilities:
- Total Assets: $432,077
- Total Liabilities: $629,451
- Net Assets: -$197,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY RENTAL INC
Revenue
$325,413
RENTAL AND OTHER INCOM
Revenue
$173,653
Organization Details
Founding Year
1987
Phone
(770) 496-0598Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L22 - Housing
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