Overview
What is Deedco Gardens Inc?
Deedco Gardens Inc, situated in Homestead, Florida, is a nonprofit organization that dedicates its efforts toward providing affordable housing for elderly families. With a clear mission, they strive to cater to the housing needs of this demographic, offering a sanctuary in the community of Homestead. Their primary goal is to ensure that elderly families have access to comfortable and economical living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (67%)
Deedco Gardens Inc has received a two-star rating from Charity Navigator, indicating areas that require attention despite some strong points. The organization has a high program expense ratio of 96.30%, demonstrating a commitment to using a significant portion of its resources for its mission-related activities. The board composition is fully independent, which is a positive indicator of governance and oversight.
However, there are notable weaknesses in the organization’s accountability and financial practices. The liabilities to assets ratio is extremely high at 359.66%, suggesting potential financial instability. Additionally, the absence of essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about its governance structure and transparency.
Overall, while Deedco Gardens Inc shows strong commitment to its core mission through efficient program spending and governance practices, the significant gaps in financial policy and high liability levels highlight the need for improvement in its operational framework. Addressing these deficiencies is crucial for enhancing donor trust and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Deedco Gardens Inc legitimate?
Deedco Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Deedco Gardens 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: $43,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,927
For more financial information, click here
What is the mission statement of Deedco Gardens Inc?
Deedco Gardens Inc is committed to providing low-income housing for elderly families. This mission is aimed at offering a residential solution to families in need of affordable housing, prioritizing the elderly population. By providing such housing, Deedco Gardens Inc aims to contribute positively to the community, ensuring that elderly families have a safe and suitable place to reside. The organization's activities are centered around this mission, providing a much-needed service to vulnerable individuals.
Who is the CEO of Deedco Gardens Inc?
Miltoria Fordam is the Secretary of Deedco Gardens Inc.
What is the revenue of Deedco Gardens Inc?
Deedco Gardens Inc's revenue in 2023 was $812,219.
Who are the executives of Deedco Gardens Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Deedco Gardens Inc?
Deedco Gardens Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Deedco Gardens Inc
Deedco Gardens Inc, a nonprofit organization, is devoted to providing low-income housing for elderly families. This mission is instrumental in ensuring that the elderly have a secure living space, regardless of their financial circumstances. The organization's primary objective is to create an environment where elderly families can reside comfortably and with dignity, contributing to their overall well-being. By offering low-income housing, Deedco Gardens Inc is making a significant difference in the lives of these families, providing them with a sense of security and stability.
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Impact
July, 2024
Deedco Gardens Inc has had a significant impact on the community of Homestead, Florida by providing low-income housing to elderly families. This initiative has helped improve the quality of life for those in need by offering safe and affordable housing options. The organization's focus on serving this specific demographic demonstrates a commitment to addressing the housing challenges faced by elderly individuals in the area. Through their mission of providing housing assistance, Deedco Gardens Inc has positively contributed to the well-being and security of elderly families in Homestead.
This information is meant to be a general summary of Deedco Gardens 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 2023.
- Investment Income: $407
- Program Service Revenue: $806,418
- Gross Receipts: $812,219
Assets and Liabilities:
- Total Assets: $1,376,281
- Total Liabilities: $4,949,948
- Net Assets: -$3,573,667
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HAP
Revenue
$573,693
Organization Details
Founding Year
1993
Principal Officer
Miltoria Fordam
Main Address
105 SE 12TH AVENUE, Homestead, FL, 33030
NTEE Category
Code: L21Z - Housing
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