Overview
What is Tulipwood Corporation?
Tulipwood Corporation is a nonprofit organization, dedicated to offering affordable housing solutions for the elderly community. With a clear mission to serve this demographic, the corporation's activities and purpose revolve around providing suitable living environments for elderly individuals. This commitment to affordability is crucial in ensuring that seniors have access to decent housing, despite potential financial constraints. The organization's work may involve various aspects, such as managing properties, maintaining facilities, and creating supportive living environments that cater to the unique needs of the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating. This high score reflects Tulipwood Corporation's strong performance in accountability and finance. The charity achieved a perfect score in several key areas, demonstrating effective management and transparency, which is critical for donor trust.
The organization boasts an entirely independent board, contributing to its robust governance structure. Additionally, all financial statements are audited, and there are no reported issues regarding the diversion of assets. Policies such as conflict of interest and whistleblower protections are in place, ensuring ethical operations.
However, while the financial health of Tulipwood Corporation is commendable, further details about its programmatic impact and outcomes would enhance the understanding of its overall effectiveness. The high program expense ratio indicates a significant portion of resources is dedicated to mission-driven activities, which is a positive sign for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Tulipwood Corporation legitimate?
Tulipwood Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tulipwood Corporation 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: $56,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Tulipwood Corporation?
Tulipwood Corporation's mission is centered around providing affordable housing for the elderly. In essence, the corporation aims to cater to the housing needs of the elderly population, ensuring affordability is a key factor in their offerings. This mission is carried out through their primary activity, which involves the provision of such housing solutions. The corporation's focus on the elderly demographic underscores its commitment to addressing a vital societal need, providing a sense of security and independence for this group.
What is the revenue of Tulipwood Corporation?
Tulipwood Corporation's revenue in 2024 was $2,568,520.
Who are the executives of Tulipwood Corporation and what are their salaries?
There 7 volunteers at Tulipwood Corporation.
Here are 7 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Tulipwood Corporation?
Tulipwood Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Tulipwood Corporation
Tulipwood Corporation, as a nonprofit organization, is dedicated to providing affordable housing for the elderly. Their mission is centered around this key objective, aiming to create a living environment that is both comfortable and economically accessible for senior citizens. By offering affordable housing, the corporation seeks to contribute to the well-being and dignity of elderly individuals, ensuring they can live with peace and security in their later years.
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Impact
July, 2024
Tulipwood Corporation's impact is centered around providing affordable housing for the elderly in Duluth, Georgia. By offering a solution to the housing needs of this specific demographic, Tulipwood Corporation helps ensure that elderly individuals have access to safe and affordable living arrangements. This contributes to the well-being and quality of life for seniors in the community, addressing a critical need for this vulnerable population.
This information is meant to be a general summary of Tulipwood Corporation. 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 2024.
- Investment Income: $29,734
- Program Service Revenue: $523,786
- Gross Receipts: $2,727,432
Assets and Liabilities:
- Total Assets: $524,092
- Total Liabilities: $79,682
- Net Assets: $444,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$523,786
Organization Details
Founding Year
1977
Principal Officer
Brad Davis
NTEE Category
Code: L22Z - Housing
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