Overview
What is Daytona Beach Elderly Housing Inc?
Daytona Beach Elderly Housing Inc is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to provide and manage an apartment complex for low-income elderly individuals, adhering to the guidelines set by the Department of Housing and Urban Development. The organization operates under Section 202 of the National Housing Act, owning and managing a rental property specifically designed for this target demographic. Their goal is to offer a safe and suitable living environment for this specific group, contributing to their well-being and ensuring their housing needs are met.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Daytona Beach Elderly Housing Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score of 94% is based solely on their financial metrics, showcasing sound fiscal management. This rating indicates that the organization is highly accountable to its stakeholders and effectively utilizes its resources.
The organization demonstrates several strengths in its governance practices. It boasts a fully independent board, with 100% of its members meeting this criterion, which enhances transparency and reduces conflicts of interest. Additionally, the nonprofit has implemented robust policies, including those for whistleblower protection and document retention, which further solidify its organizational integrity.
While the nonprofit showcases a high program expense ratio of 82.79%, indicating that the majority of its expenditures directly support its mission, it is important to note that future evaluations should continue to monitor these financial practices to ensure sustainability. Overall, Daytona Beach Elderly Housing Inc presents itself as a trustworthy and well-managed organization dedicated to serving the elderly community.
This AI summary has been generated from information found on Charity Navigator.
Is Daytona Beach Elderly Housing Inc legitimate?
Daytona Beach Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daytona Beach 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: $160,128
For more financial information, click here
What is the mission statement of Daytona Beach Elderly Housing Inc?
Daytona Beach Elderly Housing Inc's mission is centered around providing housing for low-income elderly individuals. They operate under Section 202 of the National Housing Act, overseeing a rental property to offer suitable living spaces for this specific demographic. The organization is dedicated to maintaining and managing the apartment complex in compliance with the regulations set by the Department of Housing and Urban Development. Their primary goal is to ensure a comfortable living environment for elderly individuals who fall under the low-income bracket.
Who is the CEO of Daytona Beach Elderly Housing Inc?
Gerald E Eickhoff is the President of Daytona Beach Elderly Housing Inc.
What is the revenue of Daytona Beach Elderly Housing Inc?
Daytona Beach Elderly Housing Inc's revenue in 2022 was $922,510.
Who are the executives of Daytona Beach Elderly Housing Inc and what are their salaries?
There 7 volunteers at Daytona Beach Elderly Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Daytona Beach Elderly Housing Inc?
Daytona Beach Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Daytona Beach Elderly Housing Inc
Daytona Beach Elderly Housing Inc, as a nonprofit organization, is dedicated to providing a rental housing facility for low-income elderly individuals. Aligning with Section 202 of the National Housing Act, this organization operates with the primary mission of owning and managing an apartment complex specifically designed for the elderly population. This mission is carried out with a meticulous adherence to the regulations set forth by the Department of Housing and Urban Development, ensuring the apartment complex caters to the unique needs of its elderly residents. The operation and maintenance of this senior living complex are central to Daytona Beach Elderly Housing Inc's mission, aiming to provide a secure and comfortable living environment for its elderly residents.
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Impact
July, 2024
Daytona Beach Elderly Housing Inc's impact lies in providing essential housing services for low-income elderly individuals. By owning and operating a rental housing property under Section 202 of the National Housing Act, this organization plays a crucial role in ensuring that elderly persons have access to affordable and suitable housing. Their mission to cater to the housing needs of this vulnerable population demonstrates a commitment to improving the quality of life for low-income elderly individuals. Through the operation and maintenance of an apartment complex in accordance with HUD requirements, Daytona Beach Elderly Housing Inc directly contributes to addressing the housing challenges faced by elderly persons in the community.
This information is meant to be a general summary of Daytona Beach 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: $196
- Program Service Revenue: $919,140
- Gross Receipts: $922,510
Assets and Liabilities:
- Total Assets: $2,422,365
- Total Liabilities: $102,920
- Net Assets: $2,319,445
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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
$919,105
TENANT CHARGES
Revenue
$35
Organization Details
Founding Year
1990
Phone
(770) 496-0598Principal Officer
Gerald E Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L210 - Housing
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