Overview
What is Avalon Park Inc?
Avalon Park Inc is a nonprofit organization located in Grapevine, Texas, which focuses on providing affordable housing solutions for families and individuals aged 62 or older who earn less than the median income set by the Department of Housing and Urban Development (HUD). Their primary mission is to ensure that eligible residents have access to comfortable and affordable housing, as the project is regulated and supervised by HUD. Avalon Park Inc's efforts are instrumental in enhancing the living conditions of seniors with limited means, contributing to a more equitable and inclusive community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Avalon Park Inc has received a Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The rating is based solely on its Accountability & Finance score, which reflects the organization's commitment to transparency and responsible governance. The organization has a strong independent board, with all 10 members meeting the independence criteria, showcasing a robust leadership structure.
The charity excels in several areas, earning perfect scores for its conflict of interest and whistleblower policies, as well as for maintaining comprehensive board meeting minutes. Additionally, Avalon Park Inc demonstrates strong financial stewardship with an impressive program expense ratio of 97.40%, indicating that a significant portion of its funds is directed toward its mission-driven activities.
However, the organization faces challenges regarding its liabilities to assets ratio, which stands at 187.91%, reflecting potential financial risks. This could impact its long-term stability and ability to fulfill its mission effectively. Overall, while Avalon Park Inc shows many strengths in governance and financial performance, addressing its financial liabilities will be crucial for future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Avalon Park Inc legitimate?
Avalon Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avalon Park 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: $22,474
For more financial information, click here
What is the mission statement of Avalon Park Inc?
Avalon Park Inc is dedicated to offering affordable housing solutions for families and individuals aged 62 and above who fall below the median income as set by the Department of Housing and Urban Development. Their mission is to ensure that these individuals have access to suitable and affordable living arrangements, in compliance with the regulations and supervision of the Department of Housing and Urban Development. The organization's project aims to provide a secure and affordable housing environment for those who might otherwise struggle to find affordable options.
Who is the CEO of Avalon Park Inc?
John Scruggs is the Treasurer of Avalon Park Inc.
What is the revenue of Avalon Park Inc?
Avalon Park Inc's revenue in 2023 was $110,423.
Who are the executives of Avalon Park Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Avalon Park Inc?
Avalon Park Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Avalon Park Inc
Avalon Park Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for low-income families and individuals aged 62 and above who earn less than the median income as set by the Department of Housing and Urban Development. This mission is carried out by offering housing that is within reach for these individuals, ensuring they have a safe and comfortable place to live. The organization's project is overseen and regulated by the Department of Housing and Urban Development, ensuring that the standards of affordable housing are met and maintained. In essence, Avalon Park Inc plays a crucial role in providing housing security for an often underserved demographic, enabling them to live with dignity and independence.
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Impact
June, 2024
Avalon Park Inc has a significant impact on the community by providing affordable housing to low-income families and individuals aged at least 62 years old who earn less than the median income established by the Department of Housing and Urban Development. This initiative helps address the pressing need for accessible housing for vulnerable populations, contributing to improved mental health and overall well-being for those individuals. Through its dedicated mission, Avalon Park Inc plays a crucial role in supporting disadvantaged individuals and promoting social equity in Grapevine, TX.
This information is meant to be a general summary of Avalon Park 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: $73
- Program Service Revenue: $109,756
- Gross Receipts: $110,423
Assets and Liabilities:
- Total Assets: $667,125
- Total Liabilities: $1,253,648
- Net Assets: -$586,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Section 8 Income
Revenue
$68,613
Tenant Rents
Revenue
$41,143
Organization Details
Founding Year
2002
Phone
(817) 488-2077Principal Officer
John Scruggs
Main Address
920 S Main Street APT 200, Grapevine, TX, 76051
NTEE Category
Code: F33 - Mental health
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