Overview
What is Glencroft Towers I Inc?
Glencroft Towers I Inc is a nonprofit organization based in Glendale, Arizona, offering subsidized housing for seniors aged 62 or above who meet the low-income standards set by the Housing and Urban Development Department. The organization manages a 103-unit apartment complex, Glencroft Towers, which has been remodeled to provide assisted living services, ensuring each apartment is considered part of a "green" facility. Glencroft Towers I's mission is to provide high-quality housing to seniors with love and compassion while offering various services such as assisted living, personal care, medication administration, and food services. The organization aims to help seniors maintain their independence for as long as possible and provides opportunities for socialization through meals. Glencroft Towers I Inc prioritizes environmental friendliness in their facilities and strives to create a supportive and caring living environment for their residents.
Official website here: www.glencroft.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Glencroft Towers I Inc has received an overall score of 81%, which reflects a solid performance in its Accountability & Finance practices. This organization has demonstrated high standards in governance, evidenced by an independent board comprising 100% independent members. Additionally, it scores perfectly on various accountability metrics, including the presence of key policies such as conflict of interest and whistleblower protections, contributing to its strong oversight framework.
The organization has shown exceptional financial management with a remarkable program expense ratio of 94.04%, indicating that a significant majority of its funds are directed towards its mission-related programs. This efficient allocation of resources supports the nonprofit's credibility and commitment to serving its community effectively.
However, while the accountability aspects are strong, the rating is solely based on the Accountability & Finance beacon, and no other dimensions of performance such as program outcomes or community impact are reflected. As such, stakeholders may want to look for additional information on the organization's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Glencroft Towers I Inc legitimate?
Glencroft Towers I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glencroft Towers I 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: $166,474
For more financial information, click here
Official website here: www.glencroft.com
What is the mission statement of Glencroft Towers I Inc?
Glencroft Towers I Inc's mission is centered around providing high-quality housing subsidized by the HUD for senior citizens. This is carried out with a compassionate approach, demonstrating care and love towards its residents. The organization operates an affordable housing complex, offering independent living services to seniors who meet the very low income standards set by the Housing and Urban Development Department. The apartments have been remodeled to accommodate assisted living services, ensuring each one is part of a "green" facility. Glencroft Towers also provides assisted living services for seniors who require additional help with daily activities, allowing them to maintain their independence for as long as possible. Food services are also provided, ensuring over 500 seniors receive nutritious meals and have opportunities to socialize with other residents.
Official website here: www.glencroft.com
Who is the CEO of Glencroft Towers I Inc?
John Thorhauer is the Ceo of Glencroft Towers I Inc. The CEO's salary of Glencroft Towers I Inc is $0 and their total compensation is $324,419.
Official website here: www.glencroft.com
What is the revenue of Glencroft Towers I Inc?
Glencroft Towers I Inc's revenue in 2022 was $3,541,684.
Official website here: www.glencroft.com
Who are the executives of Glencroft Towers I Inc and what are their salaries?
There 11 volunteers at Glencroft Towers I Inc.
Here are 14 key members and their salaries (Glencroft Towers I Inc's CEO's salary is $0 and their total compensation is $324,419):
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- Other: $0
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- Related: $5,500
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $324,419
- Other: $0
- Compensation: $0
- Related: $156,900
- Other: $3,138
Official website here: www.glencroft.com
Where can I find the form 990 for Glencroft Towers I Inc?
Glencroft Towers I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.glencroft.com
Learn more at the official website: www.glencroft.com
Mission Statement of Glencroft Towers I Inc
Glencroft Towers I Inc, a nonprofit organization, is committed to providing high-quality housing for seniors under the HUD subsidized program. Their mission is executed with a compassionate approach, aiming to create an environment where seniors, aged 62 and below the income standards set by HUD, can live independently. The organization goes beyond offering housing, ensuring that the facilities are environmentally friendly and have been remodeled to include assisted living services. This allows for each apartment to be considered part of a green facility.
In addition to independent living services, Glencroft Towers I Inc also provides assisted living services for seniors who require additional assistance with activities of daily living. These services can include personal care and/or supervisory care, such as medication administration. Moreover, the organization offers food services, ensuring that over 500 seniors living at Glencroft receive healthy and nutritious meals, providing an opportunity for social interaction among residents. By combining high-quality housing, assisted living services, and nutritious meals, Glencroft Towers I Inc demonstrates love and compassion towards its senior residents, empowering them to maintain their independence for as long as possible.
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Impact
July, 2024
Glencroft Towers I Inc's impact revolves around providing high-quality HUD subsidized housing to seniors in a manner that demonstrates love and compassion. The organization operates a 103-unit affordable housing apartment complex in Glendale, Arizona, known as Glencroft Towers, offering independent living for individuals aged 62 and over who meet very low-income standards. Additionally, the organization provides assisted living services for seniors needing extra assistance with activities of daily living to help them maintain their independence. Furthermore, Glencroft Towers I Inc's commitment to environmental sustainability is evident in their efforts to ensure their facilities are considered environmentally friendly. Through their food services, the organization ensures over 500 seniors receive healthy and nutritious meals while providing opportunities for socialization among residents. Overall, Glencroft Towers I Inc's impact is centered on enhancing the quality of life for seniors by offering affordable housing, assisted living services, and fostering a caring community environment.
This information is meant to be a general summary of Glencroft Towers I 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: $11,477
- Program Service Revenue: $3,421,663
- Gross Receipts: $3,541,684
Assets and Liabilities:
- Total Assets: $5,079,631
- Total Liabilities: $5,652,032
- Net Assets: -$572,401
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$2,195,893
HUD ASSISTANCE PAYMENT
Revenue
$925,081
RENTAL INCOME
Revenue
$295,407
TENANT CHARGES
Revenue
$5,282
Organization Details
Founding Year
1993
Phone
(623) 847-3005Principal Officer
John Thorhauer
Main Address
8611 NORTH 67TH AVENUE, GLENDALE, AZ, 85302
Website
www.glencroft.comNTEE Category
Code: L22 - Housing
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