Overview
What is Galilee Community Development Corp?
Galilee Community Development Corp is a nonprofit organization located in San Angelo, Texas. Their main mission is to provide and restore affordable housing for low to moderate income families in the Concho Valley region. This includes constructing and rehabilitating single-family homes, duplexes, senior citizen complexes, and neighborhood centers. With a dedicated team of nine employees, they strive to improve living conditions and contribute to the local community.
Official website here: www.galileecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating
Galilee Community Development Corp has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored exceptionally well in all assessed areas, most notably in accountability, where it earned a perfect score. This rating indicates that donors can trust the organization to manage its resources responsibly.
The nonprofit boasts a fully independent board and has established robust oversight mechanisms, including an Audit and Oversight Committee. With no material diversions of assets reported and comprehensive policies in place regarding conflicts of interest and whistleblower protections, it demonstrates a solid governance structure.
Financially, Galilee Community Development Corp shows remarkable efficiency, with a program expense ratio of 97.47%, indicating that nearly all funds are directed toward its programs. Its low liabilities-to-assets ratio of 8.60% further underscores its financial health, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Galilee Community Development Corp legitimate?
Galilee Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Galilee Community Development 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: $81,370
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.galileecdc.org
What is the mission statement of Galilee Community Development Corp?
Galilee Community Development Corp's mission is centered around providing and restoring affordable housing for individuals with moderate to low income levels. This mission is carried out throughout an unspecified region, referred to as the Concho Valley. The organization is actively involved in the construction and renovation of single-family homes, duplexes, senior citizen complexes, and neighborhood centers, all with the aim of making housing more accessible for these income groups.
Official website here: www.galileecdc.org
Who is the CEO of Galilee Community Development Corp?
Edgar Harris is the President of Galilee Community Development Corp.
Official website here: www.galileecdc.org
What is the revenue of Galilee Community Development Corp?
Galilee Community Development Corp's revenue in 2022 was $2,849,926.
Official website here: www.galileecdc.org
Who are the executives of Galilee Community Development Corp and what are their salaries?
The average compensation at Galilee Community Development Corp during 2022 was $9,041. There are 9 employees at Galilee Community Development Corp.
Here are 11 key members and their salaries:
- Compensation: $81,370
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- Other: $0
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Official website here: www.galileecdc.org
Where can I find the form 990 for Galilee Community Development Corp?
Galilee Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.galileecdc.org
Learn more at the official website: www.galileecdc.org
Mission Statement of Galilee Community Development Corp
Galilee Community Development Corp is committed to a vital mission: providing and restoring affordable housing options for families with moderate to low income. This nonprofit organization operates in a proactive manner, engaging in the construction and renovation of various dwelling units. Their projects encompass single-family homes, duplexes, senior citizen complexes, and neighborhood centers, all designed to cater to the housing needs of families falling within the specified income bracket. By undertaking these initiatives, Galilee Community Development Corp aims to contribute positively to the community, ensuring that a diverse range of residents have access to reasonably priced housing options.
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Impact
July, 2024
Galilee Community Development Corp's impact is substantial in San Angelo, TX. The organization is dedicated to providing and restoring affordable housing for low to moderate-income residents throughout the Concho Valley. Through the construction and rehabilitation of single-family homes, duplexes, senior citizen complexes, and neighborhood centers, Galilee Community Development Corp is making a significant difference in the lives of low to moderate-income families. Their focus on housing not only improves living conditions but also contributes to the overall well-being and stability of the community.
This information is meant to be a general summary of Galilee Community Development 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 2022.
- Investment Income: $1,914
- Program Service Revenue: $1,895,946
- Gross Receipts: $2,849,926
Assets and Liabilities:
- Total Assets: $2,103,448
- Total Liabilities: $181,071
- Net Assets: $1,922,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$1,809,624
OTHER INCOME
Revenue
$57,368
RENTAL INCOME
Revenue
$28,954
Organization Details
Founding Year
2000
Phone
(325) 655-6700Principal Officer
Edgar Harris
Main Address
39 BUICK ST, SAN ANGELO, TX, 76901
Website
www.galileecdc.orgNTEE Category
Code: L20 - Housing
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