Overview
What is Garland Estates For Seniors Inc?
Garland Estates For Seniors Inc is a nonprofit organization situated in Addison, Texas, specifically at 15601 Dallas Parkway 200, that is dedicated to providing affordable housing for the elderly and disabled. The organization has a significant project, consisting of 40 units, located in Garland, Texas. This housing project is supported and funded by the HUD, furthering its mission to make housing accessible and affordable for this specific demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Stars)
Garland Estates For Seniors Inc has received a 63% rating from Charity Navigator, indicating a need for improvement in accountability and financial transparency. While the organization has a strong program expense ratio of 100%, suggesting efficient use of funds towards its mission, several key governance policies are missing, which raises concerns about its operational practices.
The organization demonstrates strength in having a majority of independent board members, which is favorable for governance. However, the lack of certain policies, such as a conflict of interest policy and whistleblower policy, reflects gaps in their governance framework. Additionally, the absence of a website mentioned on their tax form and failure to post tax forms online may hinder transparency.
Overall, while Garland Estates For Seniors Inc shows commitment to its programmatic efforts, improvements in governance and financial practices are necessary to enhance trust and accountability to its stakeholders. Addressing these limitations could potentially raise its rating and improve donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Garland Estates For Seniors Inc legitimate?
Garland Estates For Seniors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garland Estates For Seniors 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: $48,456
For more financial information, click here
What is the mission statement of Garland Estates For Seniors Inc?
Garland Estates For Seniors Inc is committed to providing affordable housing solutions for the elderly and disabled. Their mission is to ensure that these individuals have access to comfortable and economical living spaces. As evidenced by their 40-unit housing project in Garland, Texas, which is funded and subsidized by HUD, this organization is dedicated to making a positive impact on the lives of those in need. By providing low-cost housing, Garland Estates For Seniors Inc aims to enhance the quality of life for its residents, enabling them to live with dignity and independence.
Who is the CEO of Garland Estates For Seniors Inc?
Chris Kerbow is the Director of Garland Estates For Seniors Inc.
What is the revenue of Garland Estates For Seniors Inc?
Garland Estates For Seniors Inc's revenue in 2022 was $196,553.
Who are the executives of Garland Estates For Seniors 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 Garland Estates For Seniors Inc?
Garland Estates For Seniors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Garland Estates For Seniors Inc
Garland Estates For Seniors Inc is dedicated to providing affordable housing solutions for the elderly and disabled community. This nonprofit organization's primary mission is to offer low-cost housing options, ensuring that vulnerable individuals have a secure and suitable place to live. The organization's efforts are instrumental in addressing the housing needs of this specific demographic, which often faces challenges in securing affordable housing. The 40-unit housing project, financed and subsidized by HUD, is a testament to Garland Estates For Seniors Inc's commitment to making a difference in the lives of the elderly and disabled. By providing affordable housing, this organization contributes significantly to the well-being and independence of its residents, enabling them to live with dignity and respect.
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Impact
October, 2024
Garland Estates For Seniors Inc significantly impacts the community by providing affordable housing options for elderly and disabled individuals. Located in Garland, Texas, the organization operates a 40-unit housing project that alleviates the challenges faced by these populations in accessing safe and affordable living arrangements.
By offering low-cost housing, Garland Estates enhances the quality of life for its residents, fostering a sense of independence and security. The support from HUD ensures that the financial burden on these vulnerable groups is minimized, allowing them to allocate resources toward other essential needs. The organization plays a crucial role in promoting stability, community engagement, and improved well-being among seniors and disabled individuals in the region.
This information is meant to be a general summary of Garland Estates For Seniors 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: $215
- Program Service Revenue: $196,338
- Gross Receipts: $196,553
Assets and Liabilities:
- Total Assets: $1,162,916
- Total Liabilities: $58,434
- Net Assets: $1,104,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENT
Revenue
$196,338
Organization Details
Founding Year
1997
Phone
(972) 643-3200Principal Officer
Chris Kerbow
Main Address
15601 DALLAS PARKWAY 200, ADDISON, TX, 75001
NTEE Category
Code: L20Z - Housing
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