Overview
What is Vero Beach Elderly Housing Inc?
Vero Beach Elderly Housing Inc is a nonprofit organization situated in Atlanta, Georgia. Their primary mission, as outlined by the National Housing Act, is to provide and manage rental housing for low-income elderly individuals. They adhere to the guidelines set by the Department of Housing and Urban Development, ensuring that their apartment complex provides a suitable living environment for their elderly residents. The organization's operations aim to uphold the dignity and well-being of its elderly residents, offering them a secure and supportive living situation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Vero Beach Elderly Housing Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization achieved a perfect score in several areas, including having a fully independent board and maintaining rigorous financial oversight, which indicates a high level of transparency and governance.
The nonprofit demonstrates a solid program expense ratio of 84.71%, meaning a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, it has established effective policies, such as conflict of interest and whistleblower policies, ensuring ethical operations and safeguarding against mismanagement.
While the organization excels in financial accountability and program efficiency, it is essential for potential donors and stakeholders to consider the broader impact and effectiveness of its programs in serving the elderly community. Overall, Vero Beach Elderly Housing Inc stands out as a reputable organization with sound financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Vero Beach Elderly Housing Inc legitimate?
Vero Beach Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vero 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: $119,905
For more financial information, click here
What is the mission statement of Vero Beach Elderly Housing Inc?
Vero Beach Elderly Housing Inc's mission is centered around providing housing for elderly individuals with limited income. In accordance with Section 202 of the National Housing Act, the organization owns and operates a rental property, offering a suitable living space for this specific demographic. The operation and maintenance of this apartment complex are carried out in compliance with the regulations set by the Department of Housing and Urban Development, ensuring a safe and comfortable environment for its residents.
Who is the CEO of Vero Beach Elderly Housing Inc?
Gerald E Eickhoff is the President of Vero Beach Elderly Housing Inc.
What is the revenue of Vero Beach Elderly Housing Inc?
Vero Beach Elderly Housing Inc's revenue in 2022 was $686,761.
Who are the executives of Vero Beach Elderly Housing Inc and what are their salaries?
There 7 volunteers at Vero Beach Elderly Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Vero Beach Elderly Housing Inc?
Vero Beach Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vero Beach Elderly Housing Inc
Vero Beach Elderly Housing Inc, as a nonprofit organization, is dedicated to a specific mission. Their primary objective is to own and manage a rental housing property, catering to the needs of low-income elderly individuals. This mission is aligned with Section 202 of the National Housing Act. In essence, Vero Beach Elderly Housing Inc seeks to provide a secure living environment for elderly individuals who are financially disadvantaged, ensuring they can maintain their independence and dignity. The organization's operations are regulated by the Department of Housing and Urban Development, ensuring the apartment complex it manages adheres to stringent standards, providing a safe and comfortable living space for its residents.
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Impact
July, 2024
Vero Beach Elderly Housing Inc's impact is enhancing the quality of life for low-income elderly persons by providing affordable housing through the operation and maintenance of an apartment complex. This initiative helps address the housing needs of a vulnerable population, ensuring they have a safe and stable place to live. This not only supports the well-being of the elderly residents but also contributes to creating a community that values and supports its aging population.
This information is meant to be a general summary of Vero 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: $120
- Program Service Revenue: $683,826
- Gross Receipts: $686,761
Assets and Liabilities:
- Total Assets: $3,058,353
- Total Liabilities: $85,466
- Net Assets: $2,972,887
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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
$674,803
TENANT CHARGES
Revenue
$9,023
Organization Details
Founding Year
1995
Phone
(770) 496-0598Principal Officer
Gerald E Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L22 - Housing
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