Overview
What is Gis Housing Iv Inc?
Gis Housing Iv Inc, with its headquarters in St. Petersburg, Florida, is a nonprofit organization committed to providing low-income housing for individuals who are either disabled or elderly. Their mission is to offer subsidized rental housing facilities and services, tailored to address the physical, social, and psychological needs of their residents, aiming to promote their health, security, happiness, and overall well-being. Specifically, they operate a 72-unit apartment community under Section 202 of the National Housing Act, serving 72 residents annually. The organization, operating under the name Heritage Oaks of Ocala, strives to enhance the lives of vulnerable individuals by providing them with a secure and supportive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Gis Housing IV Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score is based entirely on their impressive performance in the Accountability & Finance category, where they scored 93%. This indicates a high level of transparency and responsible management of funds, which is crucial for donor trust.
The organization demonstrates robust governance, with 87% of board members being independent. Their adherence to best practices is evident in their policies, such as having a whistleblower policy and conflict of interest policy in place, both of which are fully documented. Additionally, they maintain an effective audit and oversight committee, contributing to their solid financial health with a low liabilities to assets ratio of 44.43%.
Despite its strengths, there is always room for improvement. The program expense ratio is strong at 69.41%, which indicates a significant portion of their budget is directed towards programs rather than administrative costs. This is a positive sign for potential donors, but ongoing vigilance in program management and financial strategies will be essential for sustaining their high standards in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Gis Housing Iv Inc legitimate?
Gis Housing Iv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gis Housing Iv 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: $112,751
For more financial information, click here
What is the mission statement of Gis Housing Iv Inc?
Gis Housing Iv Inc, as a not-for-profit organization, is dedicated to providing subsidized rental housing facilities and services to individuals who are either disabled or elderly. The primary goal is to meet their physical, social, and psychological needs, thereby promoting their health, security, happiness, and usefulness. This mission is carried out on a charitable basis, with the housing facilities and services specifically designed to cater to the unique needs of disabled and elderly individuals.
Who is the CEO of Gis Housing Iv Inc?
Tracey Boucher is the Chair of Gis Housing Iv Inc. The CEO's salary of Gis Housing Iv Inc is $0 and their total compensation is $530,258.
What is the revenue of Gis Housing Iv Inc?
Gis Housing Iv Inc's revenue in 2022 was $466,031.
Who are the executives of Gis Housing Iv Inc and what are their salaries?
The average compensation at Gis Housing Iv Inc during 2022 was $18,792. There are 6 employees and 9 volunteers at Gis Housing Iv Inc.
Here are 10 key members and their salaries (Gis Housing Iv Inc's CEO's salary is $0 and their total compensation is $530,258):
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- Related: $483,985
- Other: $46,273
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Where can I find the form 990 for Gis Housing Iv Inc?
Gis Housing Iv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gis Housing Iv Inc
Gis Housing Iv Inc, a non-profit organization, is dedicated to providing subsidized rental housing facilities and services for individuals who are either elderly or disabled. The primary objective of this charitable endeavor is to cater to the physical, social, and psychological needs of these individuals. The subsidized housing services are meticulously designed to promote their health, security, happiness, and overall usefulness. By offering these facilities, Gis Housing Iv Inc seeks to enhance the living conditions and well-being of the elderly and disabled population, ensuring they lead fulfilling lives.
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Impact
July, 2024
Gis Housing Iv Inc's impact is significant in providing subsidized rental housing facilities and services to individuals who are disabled or elderly. By operating an apartment community of 72 units under Section 202 of the National Housing Act, Gis Housing Iv Inc served 72 residents during the fiscal year. Their mission to meet the physical, social, and psychological needs of this vulnerable population contributes to promoting their health, security, happiness, and usefulness. Through their specialized housing services, Gis Housing Iv Inc plays a crucial role in ensuring a supportive environment for disabled and elderly individuals in St. Petersburg, FL.
This information is meant to be a general summary of Gis Housing Iv 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: $15
- Program Service Revenue: $462,994
- Gross Receipts: $466,031
Assets and Liabilities:
- Total Assets: $1,548,640
- Total Liabilities: $643,932
- Net Assets: $904,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE
Revenue
$287,311
HOUSING REVENUE
Revenue
$175,683
Organization Details
Founding Year
1990
Phone
(727) 523-1512Principal Officer
Tracey Boucher
Main Address
PO BOX 14456, ST PETERSBURG, FL, 337334456
NTEE Category
Code: L22Z - Housing
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