Overview
What is Grand Avenue Economic Community Dev?
Grand Avenue Economic Community Development is a nonprofit organization situated in Orlando, Florida, specifically at 3200 West Colonial Drive. Their mission is to support and assist the homeless population and low-income individuals, providing them with affordable living options and opportunities. In 2022, they served around 700 individuals, with a diverse demographic, including African Americans, White individuals, and others. The residents received case management services through various supportive housing programs. The average length of stay is approximately 3.1 years. Residents have reported improvements in their housing situations, safety, parenting skills, and disability management following their move into Grand Avenue's programs.
Official website here: www.grandave.org
What are the reviews and ratings of this charity?
**Rating: 87% - Three-Star out of Four Star Rating on Charity Navigator**
Grand Avenue Economic Community Development has received a commendable rating of 87% from Charity Navigator, reflecting strong accountability and financial management. The organization boasts an impressive 90% score in Accountability & Finance, with significant strengths such as a completely independent board and no reported material diversion of assets. However, there are notable gaps, including the absence of a whistleblower policy and a document retention policy, which may affect transparency further.
In addition to its strong governance framework, Grand Avenue's program expense ratio stands at 88.47%, indicating a robust commitment to utilizing funds effectively towards its mission. The organization receives substantial support from governmental units and the public, emphasizing its community-driven approach. Their Culture & Community score of 81 suggests a healthy organizational culture, although it's important to remain aware of the areas requiring improvement.
Unfortunately, user reviews from GreatNonprofits are not available for this organization, so comprehensive community feedback cannot be provided. Overall, Grand Avenue Economic Community Development showcases a solid foundation for accountability and impact while having room for improvement in specific policies.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Avenue Economic Community Dev legitimate?
Grand Avenue Economic Community Dev is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Avenue Economic Community Dev 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: $121,936
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,050,845
For more financial information, click here
Official website here: www.grandave.org
What is the mission statement of Grand Avenue Economic Community Dev?
Grand Avenue Economic Community Development's mission is centered around assisting the homeless population and individuals with low income, providing them with affordable living opportunities and economic support. Through their initiatives, they aim to improve the living conditions, safety, and skills of these individuals, including areas like parenting and disability management. Their supportive housing programs served around 700 individuals in 2022, with a majority being African American, White, and older adults, demonstrating their commitment to a diverse community. The average length of stay in their programs is approximately 3.1 years, indicating their long-term focus on improving the lives of those they serve.
Official website here: www.grandave.org
Who is the CEO of Grand Avenue Economic Community Dev?
Tom Hodges is the Treasurer of Grand Avenue Economic Community Dev. The CEO's salary of Grand Avenue Economic Community Dev is $93,008 and their total compensation is $106,991.
Official website here: www.grandave.org
What is the revenue of Grand Avenue Economic Community Dev?
Grand Avenue Economic Community Dev's revenue in 2022 was $9,149,222.
Official website here: www.grandave.org
Who are the executives of Grand Avenue Economic Community Dev and what are their salaries?
Here are 10 key members and their salaries (Grand Avenue Economic Community Dev's CEO's salary is $93,008 and their total compensation is $106,991):
- Compensation: $94,936
- Related: $0
- Other: $27,000
- Compensation: $93,008
- Related: $0
- Other: $13,983
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.grandave.org
Where can I find the form 990 for Grand Avenue Economic Community Dev?
Grand Avenue Economic Community Dev's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grandave.org
Learn more at the official website: www.grandave.org
Mission Statement of Grand Avenue Economic Community Dev
Grand Avenue Economic Community Development, a nonprofit organization, is committed to serving the needs of the homeless population and individuals with low income. Their mission is centered around providing affordable living opportunities and fostering economic growth for these groups. Through their supportive housing programs, they aim to improve the living situations, safety, and overall well-being of the residents. In 2022, Grand Avenue Economic Community Development served around 700 individuals, with a significant portion being African American, White, and other ethnicities. The majority of the residents are 51 years of age or older, and the average length of stay is approximately 3.1 years. During their tenure at Grand Avenue Economic Community Development, residents have seen improvements in various aspects of their lives, including parenting skills and disability management.
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Impact
July, 2024
Grand Avenue Economic Community Dev's impact can be seen in the significant positive changes it brings to the homeless population and low-income individuals in Orlando, Florida. Through its supportive housing programs, the organization, in this case Pathlight Home, served approximately 700 individuals in 2022. These residents not only receive affordable living opportunities but also benefit from case management services, helping them improve their housing situations, safety, parenting skills, and disability management. This assistance has led to long-term improvements as indicated by the average stay of 3.1 years. Pathlight Home's outreach extends to individuals of different races and genders, with a focus on those aged 51 years or older. Overall, the organization's efforts contribute to community improvement by addressing the needs of marginalized populations and creating economic opportunities for those facing difficulties.
This information is meant to be a general summary of Grand Avenue Economic Community Dev. 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: $6,231
- Program Service Revenue: $3,992,620
- Gross Receipts: $9,149,222
Assets and Liabilities:
- Total Assets: $17,064,348
- Total Liabilities: $6,722,933
- Net Assets: $10,341,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental participant
Revenue
$3,805,724
Concessionaire income
Revenue
$22,805
Social Enterprise incom
Revenue
$60,924
Other Income
Revenue
$103,167
Organization Details
Founding Year
1992
Principal Officer
Tom Hodges
Main Address
3200 West Colonial Drive, Orlando, FL, 32808
Website
www.grandave.orgNTEE Category
Code: S20Z - Community improvement
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