Overview
What is Gallatin Senior Housing Inc?
Gallatin Senior Housing Inc, also known as The Manor, is a nonprofit organization situated in Gallatin, Tennessee. Its primary mission is to provide low-income elderly individuals with a safe and clean living environment. To achieve this goal, they utilize Section 202 of the National Housing Act to offer affordable housing, accompanied by specialized programs designed to foster support, stability, and socialization. These programs aim to facilitate a more successful aging journey for its residents. With a team of eight dedicated employees, Gallatin Senior Housing Inc strives to enhance the lives of its elderly community members.
Official website here: www.christiantowersofgallatin.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (61%)
Gallatin Senior Housing Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement in its operational and financial practices. The organization has been noted for having a majority of independent board members and a solid score for its program expense ratio, reflecting a strong focus on its core mission of providing senior housing. However, serious concerns exist related to governance practices, as the nonprofit lacks essential policies, including conflict of interest and whistleblower protections.
The accountability and finance score of 61% suggests that while there are strengths in board independence and transparency in certain areas, the absence of key policies undermines the overall governance framework. Furthermore, the high liabilities to assets ratio of 167.50% raises red flags regarding financial health, indicating that the organization may be over-leveraged. This could potentially affect its ability to sustain operations and fulfill its mission effectively.
While the organization demonstrates a commitment to its programs, the missing key governance policies and financial concerns highlight the need for significant improvements to align with best practices in nonprofit management. Stakeholders may want to seek further improvements in these areas to ensure the long-term viability and trustworthiness of Gallatin Senior Housing Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Gallatin Senior Housing Inc legitimate?
Gallatin Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gallatin Senior Housing 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: $80,356
For more financial information, click here
Official website here: www.christiantowersofgallatin.com
What is the mission statement of Gallatin Senior Housing Inc?
Gallatin Senior Housing Inc's mission is to facilitate a more successful journey through the aging process for its residents. They achieve this by offering high-quality, affordable housing, coupled with specialized programs aimed at providing support, stability, and social opportunities. These programs are designed specifically for the elderly and are made possible through the use of low-income housing under Section 202 of the National Housing Act. The organization's primary goal is to ensure that the elderly residents live in a safe and clean environment.
Official website here: www.christiantowersofgallatin.com
Who is the CEO of Gallatin Senior Housing Inc?
Ed Mayberry is the President of Gallatin Senior Housing Inc.
Official website here: www.christiantowersofgallatin.com
What is the revenue of Gallatin Senior Housing Inc?
Gallatin Senior Housing Inc's revenue in 2022 was $457,494.
Official website here: www.christiantowersofgallatin.com
Who are the executives of Gallatin Senior Housing Inc and what are their salaries?
The average compensation at Gallatin Senior Housing Inc during 2022 was $10,044. There are 8 employees at Gallatin Senior Housing Inc.
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Official website here: www.christiantowersofgallatin.com
Where can I find the form 990 for Gallatin Senior Housing Inc?
Gallatin Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.christiantowersofgallatin.com
Learn more at the official website: www.christiantowersofgallatin.com
Mission Statement of Gallatin Senior Housing Inc
Gallatin Senior Housing Inc is committed to facilitating a more fulfilling journey through the aging process for its elderly residents. They achieve this mission by providing affordable housing that is of high quality, complemented by specialized programs designed to offer support, stability, and social engagement. This is executed under Section 202 of the National Housing Act, which specifically focuses on low-income housing for the elderly. The organization's primary objective is to provide a secure and clean living environment for its elderly residents, ensuring they can age comfortably and with dignity.
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Impact
July, 2024
Gallatin Senior Housing Inc makes a significant impact by providing safe and clean low-income housing for elderly individuals in Gallatin, TN. Through their specialty programs, they offer guidance and support to ensure a successful journey of aging for their residents. By offering quality, affordable housing coupled with social activities, Gallatin Senior Housing Inc contributes to the well-being and stability of the elderly population in the community. Their focus on providing a supportive environment enhances the overall health and quality of life for their residents.
This information is meant to be a general summary of Gallatin Senior Housing 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: $1,303
- Program Service Revenue: $424,179
- Gross Receipts: $457,494
Assets and Liabilities:
- Total Assets: $2,368,646
- Total Liabilities: $3,967,681
- Net Assets: -$1,599,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENT
Revenue
$424,179
Organization Details
Founding Year
1997
Principal Officer
Ed Mayberry
Main Address
138 E FRANKLIN STREET, GALLATIN, TN, 370662836
NTEE Category
Code: E91 - Health
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