Overview
What is Buckingham Terrace Iii Inc?
Buckingham Terrace III Inc is a nonprofit organization, established in Brunswick, Georgia, primarily dedicated to providing housing for elderly individuals with low income. Regulated under Section 202 of the National Housing Act of 1959, they operate a 20-unit apartment community under the supervision of the U.S. Department of Housing and Urban Development. This housing initiative aims to enhance the living conditions of the elderly population in the community, ensuring they have a safe and secure environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Buckingham Terrace III Inc has received a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The organization boasts a high percentage of independent board members, achieving a perfect score in governance-related criteria. Additionally, Buckingham Terrace III Inc demonstrates effective program spending, with a program expense ratio of 84.65%, ensuring a significant portion of funds directly supports its mission.
However, the nonprofit does face challenges, notably highlighted by its liabilities to assets ratio of 181.02%, which suggests potential financial strain. While no material diversions of assets were reported and key policies are in place, the high ratio indicates that the organization may have more liabilities than it can comfortably manage. This aspect could be a concern for potential donors looking for long-term stability.
Overall, Buckingham Terrace III Inc shows strengths in governance and program effectiveness, but its financial liabilities could warrant further investigation for those considering support.
This AI summary has been generated from information found on Charity Navigator.
Is Buckingham Terrace Iii Inc legitimate?
Buckingham Terrace Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buckingham Terrace Iii 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: $43,537
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What is the mission statement of Buckingham Terrace Iii Inc?
Buckingham Terrace III Inc. is committed to providing housing for low-income elderly individuals. They accomplish this by operating an apartment community, which is regulated under Section 202 of the National Housing Act of 1959, overseen by the U.S. Department of Housing and Urban Development. The organization provides a living space for 20 elderly residents, ensuring they have a suitable place to reside. This endeavor aligns with the mission of promoting housing accessibility and supporting the elderly population with limited financial resources.
Who is the CEO of Buckingham Terrace Iii Inc?
Austin Moore is the President of Buckingham Terrace Iii Inc.
What is the revenue of Buckingham Terrace Iii Inc?
Buckingham Terrace Iii Inc's revenue in 2023 was $137,372.
Who are the executives of Buckingham Terrace Iii Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Buckingham Terrace Iii Inc?
Buckingham Terrace Iii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Buckingham Terrace Iii Inc
Buckingham Terrace III Inc, as a nonprofit organization, is dedicated to providing housing for low-income elderly individuals. It achieves this mission by operating an apartment community that is regulated under Section 202 of the National Housing Act of 1959, overseen by the U.S. Department of Housing and Urban Development. This regulation ensures that the organization can offer affordable housing options to the elderly, thereby contributing to their well-being and ensuring they have a suitable living environment. The nonprofit currently manages a 20-unit apartment community, providing a home for elderly individuals who may otherwise struggle to secure affordable housing. By providing this vital service, Buckingham Terrace III Inc plays a significant role in enhancing the quality of life for elderly individuals, offering them a safe and comfortable living space.
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Impact
October, 2024
Buckingham Terrace III Inc significantly enhances the quality of life for low-income elderly individuals by providing safe and affordable housing options. By operating a 20-unit apartment community regulated under Section 202 of the National Housing Act of 1959, the organization ensures that senior residents have access to stable living conditions tailored to their needs.
This not only addresses a critical need for affordable housing in Brunswick, GA, but also fosters a supportive community environment where elderly residents can thrive. The impact of Buckingham Terrace III extends beyond mere shelter; it promotes dignity, independence, and social connectivity for its residents, contributing positively to their overall well-being and enhancing the fabric of the local community.
This information is meant to be a general summary of Buckingham Terrace Iii 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 2023.
- Investment Income: $116
- Program Service Revenue: $137,256
- Gross Receipts: $137,372
Assets and Liabilities:
- Total Assets: $831,210
- Total Liabilities: $1,439,949
- Net Assets: -$608,739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$137,256
Organization Details
Founding Year
2001
Phone
(912) 264-0102Principal Officer
Austin Moore
Main Address
1000 BUCKINGHAM TERRACE, BRUNSWICK, GA, 31525
NTEE Category
Code: L21 - Housing
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