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Greenville Housing Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 582075935 ✦ Greenville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Greenville Housing Development Corporation?

Greenville Housing Development Corporation, based in Greenville, North Carolina, serves as a nonprofit organization dedicated to helping individuals secure and maintain housing. With a focus on assisting homeowners, homebuyers, and renters, the corporation strives to make homeownership or rental options more accessible. Additionally, they offer housing solutions for low-income, disabled, and elderly individuals, ensuring that these groups have a place to call home. As of the provided data, the corporation manages 64 housing units, with 729 unit months leased to date. Their team consists of 7 dedicated employees.


Official website here: www.ghdc.net

What are the reviews and ratings of this charity?

Charity Navigator Rating: 77%, Three-Star out of Four Star rating.

Greenville Housing Development Corporation holds a 77% rating from Charity Navigator, which reflects its strong performance in accountability and finance. The organization earns high marks for having an independent board, with 85% of its members being independent, and for maintaining proper financial oversight, as evidenced by a complete audit and oversight committee. The organization also adheres to several important policies, including conflict of interest and document retention policies.

However, there are notable limitations in some financial metrics. The organization has a significant liabilities-to-assets ratio of 119.57%, which raises concerns about its financial stability. Additionally, the nonprofit lacks a whistleblower policy, which may indicate areas for improvement in governance practices. Nonetheless, the high percentage of program expenses emphasizes its commitment to effectively utilizing resources for its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Greenville Housing Development Corporation legitimate?

Greenville Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenville Housing Development Corporation 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: $15,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,336

For more financial information, click here


Official website here: www.ghdc.net

What is the mission statement of Greenville Housing Development Corporation?

The Greenville Housing Development Corporation's mission is centered around assisting various individuals in their housing needs. This includes supporting homeowners, potential homebuyers, and renters in securing or maintaining a residence of their own. Additionally, the organization provides housing solutions for low-income individuals, disabled persons, and the elderly. Their primary goal is to help these groups in acquiring and retaining a suitable living space. As of the provided data, they have 64 housing units available for seniors (50 plus), with 729 unit months leased.


Official website here: www.ghdc.net

Who is the CEO of Greenville Housing Development Corporation?

Shanetta Moye is the Secretary & Treasurer of Greenville Housing Development Corporation.


Official website here: www.ghdc.net

What is the revenue of Greenville Housing Development Corporation?

Greenville Housing Development Corporation's revenue in 2022 was $762,232.


Official website here: www.ghdc.net

Who are the executives of Greenville Housing Development Corporation and what are their salaries?

The average compensation at Greenville Housing Development Corporation during 2022 was $17,033. There are 7 employees and 7 volunteers at Greenville Housing Development Corporation.


Here are 7 key members and their salaries:


Wayman Williams (Secretary & Treasurer)
  • Compensation: $8,859
  • Related: $171,712
  • Other: $8,607
Luke Stavish (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gwendolyn Greene (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yolanda Keyes (Community Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Coggins (Community Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Hardy (Community Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Lodge (Community Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ghdc.net

Where can I find the form 990 for Greenville Housing Development Corporation?

Greenville Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ghdc.net

Learn more at the official website: www.ghdc.net

Mission Statement of Greenville Housing Development Corporation

Greenville Housing Development Corporation, as a nonprofit organization, is dedicated to helping individuals in need of housing. Its primary mission is to assist homeowners, potential homebuyers, and renters in securing and maintaining a place they can call their own. In addition to this, the corporation extends its support to low-income individuals, the disabled, and the elderly, providing them with housing options. As per the provided data, Greenville Housing Development Corporation has made 64 housing units available for lease for seniors aged 50 and above, with 729 unit months leased to date. This indicates the organization's active role in fulfilling its mission of providing affordable housing solutions to those in need.

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Impact




July, 2024

Greenville Housing Development Corporation has made a significant impact in the city of Greenville, NC by providing housing assistance to homeowners, homebuyers, and renters in need. The organization's efforts have resulted in the availability of 64 housing units, with 729 unit months leased to low-income, disabled, and elderly individuals. This impact is not only measured in terms of housing units provided but also in the stability and security it brings to vulnerable populations in the community. Through its mission to assist individuals in acquiring and retaining their own homes, Greenville Housing Development Corporation is contributing to the overall well-being and quality of life for those it serves.




This information is meant to be a general summary of Greenville Housing Development Corporation. 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.

Revenue
$762,232 (2022)
Expenses
$920,876 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,156
  • Program Service Revenue: $681,641
  • Gross Receipts: $762,232

Assets and Liabilities:

  • Total Assets: $8,879,890
  • Total Liabilities: $10,618,438
  • Net Assets: -$1,738,548

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Dwelling Rent

Revenue

$667,211

Dwelling Rent Maintenance

Revenue

$9,848

Other Tenant Revenue

Revenue

$4,582

Organization Details

Founding Year

1982

Principal Officer

Shanetta Moye

Main Address

PO Box 1513, Greenville, NC, 278351513

NTEE Category

Code: L20 - Housing

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