Overview
What is Gladstone Housing Inc?
Gladstone Housing Inc, located at 2585 W Clemmonsville Rd Suite 102, Winston-Salem, NC 27127, is a nonprofit organization with a specific mission. They operate a 12-unit apartment complex, known as Gladstone Apartments, under Section 811 of the National Housing Act of 1959. This section is designed to provide affordable housing options for individuals with physical disabilities. The organization's primary activity involves owning and managing this complex, ensuring that physically handicapped individuals have accessible and suitable living spaces.
Official website here: www.nchsm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Gladstone Housing Inc has received a Three-Star rating from Charity Navigator, which reflects a solid performance in accountability and finance. The organization has achieved full marks for having an independent board, with all members being independent and a well-maintained governance structure. Additionally, it has a very low material diversion of assets, indicating a strong commitment to its mission and responsible financial management.
While the organization excels in several financial metrics, such as a high program expense ratio of 96.27%, which shows that a significant portion of its budget is directed towards programs rather than administrative costs, it has noted deficiencies in some governance policies. Specifically, the charity lacks a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which diminishes its overall score in the governance area.
Despite these limitations, Gladstone Housing Inc demonstrates integrity in its operations with no reported liabilities diverging from its assets. The transparency in posting board meeting minutes and its tax form on its website further showcases its accountability efforts. Overall, while improvements in governance policies are needed, the organization displays a strong commitment to its financial responsibilities and program impact.
This AI summary has been generated from information found on Charity Navigator.
Is Gladstone Housing Inc legitimate?
Gladstone Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gladstone 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: $0
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Official website here: www.nchsm.org
What is the mission statement of Gladstone Housing Inc?
Gladstone Housing Inc. is committed to providing housing for individuals with physical disabilities. They accomplish this by owning and operating a 12-unit apartment complex under Section 811 of the National Housing Act of 1959. The primary mission of the organization is to operate this Section 811 apartment complex, which is specifically designed for the physically handicapped. By doing so, Gladstone Housing Inc. contributes to providing a suitable living environment for individuals with physical disabilities, promoting their independence and integration into society.
Official website here: www.nchsm.org
Who is the CEO of Gladstone Housing Inc?
Tammy Vernon is the Secretary of Gladstone Housing Inc.
Official website here: www.nchsm.org
What is the revenue of Gladstone Housing Inc?
Gladstone Housing Inc's revenue in 2022 was $134,058.
Official website here: www.nchsm.org
Who are the executives of Gladstone Housing Inc and what are their salaries?
There 5 volunteers at Gladstone Housing Inc.
Here are 5 key members and their salaries:
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Official website here: www.nchsm.org
Where can I find the form 990 for Gladstone Housing Inc?
Gladstone Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nchsm.org
Learn more at the official website: www.nchsm.org
Mission Statement of Gladstone Housing Inc
Gladstone Housing Inc, as a nonprofit organization, is dedicated to operating a Section 811 apartment complex specifically designed for individuals who are physically handicapped. This mission is enacted under the National Housing Act of 1959, demonstrating a commitment to providing suitable housing solutions for those with physical disabilities. By operating this complex, Gladstone Housing Inc aims to ensure that physically handicapped individuals have access to comfortable and accessible living spaces, promoting independence and enhancing their overall quality of life.
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Impact
October, 2024
Gladstone Housing Inc plays a vital role in providing accessible housing solutions for individuals with physical disabilities. By owning and operating a 12-unit apartment complex under Section 811 of the National Housing Act of 1959, the organization ensures that residents have access to affordable, suitable living arrangements designed to meet their specific needs.
Located in Winston-Salem, NC, Gladstone Housing Inc addresses a critical gap in the housing market by catering to the physically handicapped population, thereby promoting independence and improving quality of life. The organization's commitment to maintaining these units not only supports the residents but also fosters a sense of community and belonging. By prioritizing accessibility and inclusivity, Gladstone Housing Inc significantly enhances the living conditions of its residents, allowing them to thrive in a supportive environment.
This information is meant to be a general summary of Gladstone 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: $10
- Program Service Revenue: $38,155
- Gross Receipts: $134,058
Assets and Liabilities:
- Total Assets: $669,571
- Total Liabilities: $9,802
- Net Assets: $659,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$37,812
TENANT CHARGES
Revenue
$343
Organization Details
Founding Year
1994
Phone
(336) 765-3906Principal Officer
Tammy Vernon
Main Address
2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC, 27127
Website
www.nchsm.orgNTEE Category
Code: L21 - Housing
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