Overview
What is Continental Gardens Housing Corporation?
Continental Gardens Housing Corporation is a nonprofit organization located in Butte, Montana. Their primary mission is to provide affordable housing for low-income and very low-income senior citizens, specifically those aged 62 and above. Funded by the U.S. Department of Housing and Urban Development's Section 202 program, they operate a 60-unit apartment complex. Beyond just housing, they also offer supportive services to help elderly residents who may need assistance with daily living tasks. The organization's aim is to enhance the quality of life for seniors in need, ensuring they can live independently with dignity and security.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Continental Gardens Housing Corporation has achieved a 79% score, reflecting a commitment to accountability and finance. The rating is based entirely on the accountability and finance beacon, indicating a strong focus on the responsible management of resources. The organization features a fully independent board, scoring a perfect 10 out of 10 on this aspect, ensuring that governance practices are sound and free from conflicts of interest.
The nonprofit demonstrates positive financial practices, with a program expense ratio of 74.72%, showing that a significant portion of its funding is directed towards its mission-related activities. Additionally, the organization has robust policies in place, including a documented conflict of interest policy and whistleblower protections, both of which promote transparency and ethical governance. However, a concerning figure is the liabilities to assets ratio of 170.86%, which suggests that the organization may have a high level of debt compared to its assets, potentially impacting its financial stability.
Overall, while Continental Gardens Housing Corporation showcases strong governance and a high commitment to its mission, the elevated liabilities raise some questions regarding its long-term financial health. Stakeholders may want to monitor this aspect closely as they consider their support.
This AI summary has been generated from information found on Charity Navigator.
Is Continental Gardens Housing Corporation legitimate?
Continental Gardens Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Continental Gardens Housing Corporation 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: $163,265
For more financial information, click here
What is the mission statement of Continental Gardens Housing Corporation?
Continental Gardens Housing Corporation is dedicated to developing and managing a 60-unit multi-family housing complex, funded by HUD Section 202 funds. The organization's primary goal is to provide housing for low-income and very low-income elderly individuals who may require assistance with daily living activities. The complex offers supportive services to ensure the residents' well-being and independence. By providing a safe and affordable living environment, the corporation aims to contribute positively to the lives of its residents. The organization's mission is not solely focused on housing; it also strives to enhance the quality of life for its senior residents by offering necessary support services.
Who is the CEO of Continental Gardens Housing Corporation?
Margie Seccomb is the Member of Continental Gardens Housing Corporation.
What is the revenue of Continental Gardens Housing Corporation?
Continental Gardens Housing Corporation's revenue in 2022 was $483,943.
Who are the executives of Continental Gardens Housing Corporation and what are their salaries?
There 5 volunteers at Continental Gardens Housing Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $79,211
- Other: $7,722
- Compensation: $0
- Related: $91,813
- Other: $16,533
Where can I find the form 990 for Continental Gardens Housing Corporation?
Continental Gardens Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Continental Gardens Housing Corporation
Continental Gardens Housing Corporation is committed to developing and managing a 60-unit multi-family housing complex, funded by the HUD Section 202 program. This organization's mission is to provide affordable housing for elderly individuals who fall under the categories of low-income and very low-income. Recognizing that some of these seniors may require assistance with daily living tasks, Continental Gardens offers supportive services to help them maintain their independence. The corporation aims to create a living environment where these vulnerable elderly individuals can thrive with dignity and security.
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Impact
July, 2024
Continental Gardens Housing Corporation's impact is evident in the provision of essential housing services to low-income and very low-income seniors in Butte, Montana. By developing and operating a 60-unit multi-family housing complex funded with HUD Section 202 funds, the organization is actively addressing the housing needs of elderly individuals who are at risk of requiring assistance with daily living activities. Continental Gardens plays a crucial role in ensuring that this vulnerable population has access to safe and affordable housing, thereby promoting their well-being and quality of life.
This information is meant to be a general summary of Continental Gardens Housing Corporation. 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: $95
- Program Service Revenue: $227,688
- Gross Receipts: $483,943
Assets and Liabilities:
- Total Assets: $2,014,643
- Total Liabilities: $3,442,382
- Net Assets: -$1,427,739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$220,441
LAUNDRY/VENDING REVENU
Revenue
$4,885
TENANT CHARGES
Revenue
$2,362
Organization Details
Founding Year
1995
Phone
(406) 533-0705Principal Officer
Margie Seccomb
Main Address
PO BOX 3486, BUTTE, MT, 59701
NTEE Category
Code: L210 - Housing
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