Overview
What is Ala Elderly Housing Inc?
Ala Elderly Housing Inc, based in Alabama, is a nonprofit organization that focuses on providing affordable housing for the elderly and self-sufficient handicapped individuals. They achieve this goal by operating and maintaining a 50-unit apartment complex in accordance with HUD's Section 202 Housing program. The organization's mission is to make housing accessible and affordable for this demographic, ensuring they can live comfortably and with dignity. Ala Elderly Housing Inc's commitment extends beyond just a place to live, as they strive to enhance the quality of life for their elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Ala Elderly Housing Inc has received a score of 79%, reflecting its accountability and finance practices. This score is derived entirely from its Accountability & Finance metrics, showcasing a strong emphasis on financial oversight and transparency. The organization has maintained complete independence in its board composition, with all members being independent, contributing to its favorable standing.
The charity excels in financial management, with an impressive program expense ratio of 88.90%. This indicates that a significant portion of its expenditures is directed toward its programs rather than administrative costs. Additionally, the organization has established robust governance policies, including conflict of interest and whistleblower policies, which further enhance its accountability.
While the rating reflects strong points in governance and financial practices, it is important for potential donors to consider the overall impact and effectiveness of the organization's programs, which are not detailed in the rating alone. Overall, Ala Elderly Housing Inc appears to be a well-managed nonprofit committed to serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Ala Elderly Housing Inc legitimate?
Ala Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ala 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: $95,507
For more financial information, click here
What is the mission statement of Ala Elderly Housing Inc?
Ala Elderly Housing Inc's mission is centered around providing affordable housing for the elderly and self-sufficient handicapped individuals. They accomplished this through the operation and maintenance of a 50-unit apartment complex, adhering to HUD's Section 202 Housing program. The organization's primary goal is to make this housing accessible to the elderly population, ensuring they have a suitable living environment.
Who is the CEO of Ala Elderly Housing Inc?
Gerald Eickhoff is the President of Ala Elderly Housing Inc.
What is the revenue of Ala Elderly Housing Inc?
Ala Elderly Housing Inc's revenue in 2022 was $623,065.
Who are the executives of Ala Elderly Housing Inc and what are their salaries?
There 7 volunteers at Ala Elderly Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ala Elderly Housing Inc?
Ala Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ala Elderly Housing Inc
Ala Elderly Housing Inc, a nonprofit organization, is committed to providing housing for the elderly and self-sufficient handicapped individuals. Their mission is to operate and maintain a 50-unit apartment complex, adhering to HUD's Section 202 Housing program. This mission is driven by the desire to make housing accessible and affordable for the elderly population, ensuring they can live comfortably and independently. By doing so, Ala Elderly Housing Inc contributes to the well-being and dignity of the elderly, providing them with a secure living environment that caters to their unique needs.
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Impact
July, 2024
Ala Elderly Housing Inc's impact is substantial as it provides essential housing options for elderly and self-sufficient handicapped individuals in Atlanta, GA. By operating and maintaining a 50-unit apartment complex in accordance with HUD's Section 202 Housing program, Ala Elderly Housing Inc ensures that these vulnerable populations have access to affordable and accessible housing. Through their dedicated mission, they play a crucial role in supporting the well-being and quality of life of elderly individuals in the community.
This information is meant to be a general summary of Ala 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: $46
- Program Service Revenue: $619,739
- Gross Receipts: $623,065
Assets and Liabilities:
- Total Assets: $937,634
- Total Liabilities: $824,493
- Net Assets: $113,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$619,739
Organization Details
Founding Year
1987
Phone
(678) 330-2015Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
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