Overview
What is Dunbar Improvement Association Inc?
Dunbar Improvement Association Inc, located in Fort Myers, Florida, is a nonprofit organization dedicated to offering affordable housing and essential services to low-income and handicapped individuals. They manage 100 Project Based Section 8 units, adhering to HUD regulations and guidelines. The organization took significant steps to improve its housing facilities, securing SHIP grants in 2017, 2018, 2019, 2020, and 2021, as well as restructuring long-term debt and securing additional funding in 2018. Following the restructuring, they completed a major renovation in December 2019, and continued renovations in 2021 and 2022 at other areas of the development. The organization operates under the name Palm City Garden Apartments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Dunbar Improvement Association Inc has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The overall score is based solely on the Accountability & Finance beacon, which scored 75%. This suggests that while the organization demonstrates strong governance practices, there may be areas within its financial management that could be improved.
One of the key strengths of the organization is its fully independent board, which has achieved a perfect score in both majority independent board members and independent board size. It also maintains strong financial oversight, with a full score for its audited financial statements and a documented conflict of interest and whistleblower policies, enhancing its accountability practices.
However, a significant concern arises from the liabilities to assets ratio, which stands at 102.47%, resulting in a score of zero in this area. This indicates that the organization may have more liabilities than assets, potentially raising questions about its financial stability. Overall, while Dunbar Improvement Association Inc shows commendable governance and transparency, its financial health may require closer scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Dunbar Improvement Association Inc legitimate?
Dunbar Improvement Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dunbar Improvement Association 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: $139,192
For more financial information, click here
What is the mission statement of Dunbar Improvement Association Inc?
The Dunbar Improvement Association Inc is committed to offering affordable housing and essential services to low-income elderly and handicapped individuals. Through the management of 100 Project Based Section 8 units, subject to HUD regulations and guidelines, they strive to provide a suitable living environment. The organization has undertaken numerous renovation projects, securing funds through grants and debt restructuring, to improve the quality of these units. Their efforts have culminated in significant improvements, with further renovations ongoing.
Who is the CEO of Dunbar Improvement Association Inc?
Audrea Anderson is the Director/President of Dunbar Improvement Association Inc.
What is the revenue of Dunbar Improvement Association Inc?
Dunbar Improvement Association Inc's revenue in 2022 was $948,889.
Who are the executives of Dunbar Improvement Association Inc and what are their salaries?
The average compensation at Dunbar Improvement Association Inc during 2022 was $46,397. There are 3 employees at Dunbar Improvement Association Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dunbar Improvement Association Inc?
Dunbar Improvement Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dunbar Improvement Association Inc
Dunbar Improvement Association Inc is a nonprofit organization dedicated to providing affordable housing and essential services to low-income elderly and handicapped individuals. By owning and managing 100 Project Based Section 8 units, subject to HUD regulations and guidelines, the association offers a home to those in need in Fort Myers, Florida. The organization's mission extends beyond simply providing housing, as they also engage consultants to develop plans and secure funding for renovations and improvements to their facilities. Over the years, Dunbar Improvement Association Inc has successfully secured SHIP grants in 2017, 2018, 2019, 2020, and 2021, enabling them to restructure their long-term debt and secure additional funding for major renovations. Completed in 2019, the renovation of their 100-unit development significantly improved the living conditions for their residents. In 2021 and 2022, the association continued renovating other areas of their development, demonstrating their ongoing commitment to providing quality housing and services for their community's most vulnerable members.
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Impact
July, 2024
Dunbar Improvement Association Inc's impact is substantial in providing affordable housing and services to low-income elderly and handicapped individuals in Fort Myers, Florida. The organization owns and operates 100 Project Based Section 8 units, adhering to HUD regulations and guidelines. Through strategic planning, funding procurement, and successful renovations, the agency has significantly improved the living conditions of its residents and positively contributed to the community. Their consistent receipt of SHIP grants and successful debt restructuring have enabled them to continue their mission of providing essential housing support to those in need. By prioritizing the development and renovation of their properties, Dunbar Improvement Association Inc has made a tangible difference in enhancing the quality of life for those they serve.
This information is meant to be a general summary of Dunbar Improvement Association 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: $455
- Program Service Revenue: $947,989
- Gross Receipts: $948,889
Assets and Liabilities:
- Total Assets: $6,569,978
- Total Liabilities: $6,732,742
- Net Assets: -$162,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENTAL RENTAL ASSISTANCE
Revenue
$758,322
TENANT RENTAL REVENUE
Revenue
$189,667
Organization Details
Founding Year
1979
Phone
(239) 334-1303Principal Officer
Audrea Anderson
Main Address
1625 Marsh Ave, Fort Myers, FL, 33905
NTEE Category
Code: L20 - Housing
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