Overview
What is Greenwood Elderly Housing Inc?
Greenwood Elderly Housing Inc, a nonprofit organization based in Atlanta, Georgia, primarily focuses on providing housing solutions for low-income elderly individuals. In alignment with the Department of Housing and Urban Development's requirements, they operate and maintain an apartment complex specifically designed for this demographic. Their mission, as outlined in the National Housing Act's Section 202, is to own and operate a rental housing property, offering a secure and supportive living environment for the elderly community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. This rating reflects Greenwood Elderly Housing Inc's strong performance in accountability and finance, with a 100% score for having a majority of independent board members and no material diversion of assets. The organization demonstrates a commitment to governance and transparency, ensuring that policies like conflict of interest and whistleblower protection are in place.
Strengths highlighted in the review include a solid program expense ratio of 86.56%, indicating that a significant portion of its resources is dedicated to its mission of supporting the elderly. The charity possesses comprehensive governance policies, which contributes to its reliable oversight and overall effectiveness. The organization also maintains documented board meeting minutes, further enhancing its transparency.
Despite these strengths, the rating is solely based on accountability and finance, leaving potential gaps in other areas such as impact or program effectiveness that are not captured in this evaluation. While the financial metrics are strong, additional insights into the charity’s operational effectiveness and the direct impact of its programs would provide a more comprehensive view of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Greenwood Elderly Housing Inc legitimate?
Greenwood Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenwood 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: $95,853
For more financial information, click here
What is the mission statement of Greenwood Elderly Housing Inc?
Greenwood Elderly Housing Inc's mission is centered around providing residential accommodation. Specifically, the organization is dedicated to managing a rental property for low-income elderly individuals, in adherence to Section 202 of the National Housing Act. Their primary objective is to operate this housing complex, ensuring it meets the requirements set by the Department of Housing and Urban Development. This housing service aims to provide a safe and suitable living environment for the elderly population who fall under the specified income bracket.
Who is the CEO of Greenwood Elderly Housing Inc?
Gerald Eickhoff is the President of Greenwood Elderly Housing Inc.
What is the revenue of Greenwood Elderly Housing Inc?
Greenwood Elderly Housing Inc's revenue in 2022 was $472,179.
Who are the executives of Greenwood Elderly Housing Inc and what are their salaries?
There 7 volunteers at Greenwood Elderly Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Greenwood Elderly Housing Inc?
Greenwood Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greenwood Elderly Housing Inc
Greenwood Elderly Housing Inc is dedicated to serving the needs of low-income elderly individuals. As per its mission, this organization owns and operates a rental housing property in accordance with Section 202 of the National Housing Act. The primary goal is to provide a suitable living space for this specific demographic, ensuring they have access to a secure and comfortable environment. The operation and maintenance of this apartment complex are carried out in compliance with the Department of Housing and Urban Development's requirements, demonstrating Greenwood Elderly Housing Inc's commitment to meeting the unique needs of its elderly residents.
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Impact
July, 2024
Greenwood Elderly Housing Inc's impact lies in providing 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 offers a safe and comfortable living environment for elderly residents who may otherwise struggle to find suitable accommodation. Through their mission of serving this particular demographic, Greenwood Elderly Housing Inc plays a crucial role in addressing the housing needs of a vulnerable population, contributing to their well-being and quality of life.
This information is meant to be a general summary of Greenwood 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: $233
- Program Service Revenue: $471,946
- Gross Receipts: $472,179
Assets and Liabilities:
- Total Assets: $460,741
- Total Liabilities: $742,711
- Net Assets: -$281,970
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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
$321,899
RENTAL AND OTHER INCOM
Revenue
$150,047
Organization Details
Founding Year
1988
Phone
(770) 496-0598Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L21Z - Housing
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