Overview
What is Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp?
Episcopal Housing Development Corp of Grenada Inc C/O Southland Mgmt Corp is a nonprofit organization focused on offering subsidized housing for the elderly. Situated with 41 units, their primary mission is to cater to this demographic, ensuring affordable housing. Their operations are overseen by the HUD (Department of Housing and Urban Development) through a contract and regulatory agreement, which dictates aspects like rent charges, asset acquisitions, and spending methods. This regulatory framework ensures the project maintains its affordability and quality for the elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Episcopal Housing Development Corp Of Grenada Inc received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The rating is based on a strong score of 79 in Accountability & Finance, demonstrating the organization’s commitment to transparency and responsible stewardship of its resources.
The nonprofit showcases impressive governance practices, with an independent board comprised entirely of independent members and effective oversight mechanisms in place, such as a documented audit and oversight committee. Additionally, there are no reported incidents of asset diversion, and the organization adheres to policies regarding conflicts of interest and whistleblower protections.
However, while the organization exhibits strong financial health and governance, the rating is limited to the Accountability & Finance category alone. More information about its programmatic impact and effectiveness could provide a fuller picture of its overall performance and community contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp legitimate?
Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp 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: $65,376
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What is the mission statement of Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp?
The Episcopal Housing Development Corp of Grenada, overseen by Southland Mgmt Corp, is dedicated to providing subsidized housing for the elderly. Operating a 41-unit apartment project, their mission is regulated by HUD, which sets the guidelines for rent charges, asset acquisitions, purchases, operating procedures, and expenditures, ensuring affordable housing options for the elderly population.
What is the revenue of Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp?
Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp's revenue in 2023 was $519,772.
Who are the executives of Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp and what are their salaries?
The average compensation at Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp during 2023 was $21,792. There are 3 employees and 4 volunteers at Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp.
Here are 4 key members and their salaries:
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- Related: $0
- 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 Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp?
Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp
Episcopal Housing Development Corp of Grenada, a notable organization, is committed to providing subsidized housing for the elderly. Their mission is clearly defined and encompasses more than just offering shelter. Regulated by HUD under a contract and regulatory agreement, the corporation meticulously oversees rent charges, asset acquisitions, purchases, operational methods, and expenditures, ensuring that the project adheres to strict guidelines. Their primary objective is to ensure that elderly individuals have access to affordable and comfortable living spaces. This mission is a testament to their dedication to supporting the elderly community, providing them with a sense of security and stability.
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Impact
July, 2024
Episcopal Housing Development Corp of Grenada Inc, operating through Southland Management Corp, has a significant impact on the community by providing much-needed subsidized housing to the elderly. This 41-unit apartment project offers a secure and comfortable living environment for seniors while adhering to strict regulations set by HUD. By ensuring affordable housing for the elderly, this organization plays a vital role in enhancing the well-being and quality of life for this vulnerable population in the city of Jackson, MS.
This information is meant to be a general summary of Episcopal Housing Development Corp Of Grenada Inc C/O Southland Mgmt Corp. 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 2023.
- Investment Income: $2,178
- Program Service Revenue: $480,090
- Gross Receipts: $519,772
Assets and Liabilities:
- Total Assets: $1,948,130
- Total Liabilities: $2,508,954
- Net Assets: -$560,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$471,925
MISCELLANEOUS INCOME
Revenue
$8,165
Organization Details
Founding Year
1983
Principal Officer
Mike Nabors
NTEE Category
Code: S21Z - Community improvement
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