Overview
What is Tri-Cities Terrace I C/O Goodale & Barbieri Company?
Tri-Cities Terrace I C/O Goodale & Barbieri Company is a nonprofit organization situated in Spokane, Washington, specifically at 818 W Riverside Suite 300. Their primary mission is to offer affordable housing for low-income elderly residents, ensuring their physical, social, and psychological needs are met. By providing this housing, they aim to promote health, security, and happiness, enabling these individuals to live within a community and continue to lead fulfilling lives. Their services are designed to assist low-income elderly residents in maintaining their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 71%
Tri-Cities Terrace I C/O Goodale & Barbieri Company holds a two-star rating, indicating a need for improvement in certain areas. While the organization excels in accountability and financial management, boasting a perfect score in financial statements and oversight, it faces challenges regarding its liabilities to assets ratio, which is significantly high at 140.11%. This suggests potential financial instability that could affect its operations and sustainability.
The organization showcases strengths such as a fully independent board and effective policies in place for conflict of interest, board meeting documentation, and asset management. These factors contribute positively to its governance and transparency, ensuring that there are safeguards in place to protect the organization’s assets and uphold ethical standards.
However, there are notable limitations, particularly the absence of key policies, such as a whistleblower policy and document retention guidelines. Additionally, the failure to publish the tax form on its website could hinder transparency and public trust. Addressing these issues would be crucial for improving the organization's overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Tri-Cities Terrace I C/O Goodale & Barbieri Company legitimate?
Tri-Cities Terrace I C/O Goodale & Barbieri Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri-Cities Terrace I C/O Goodale & Barbieri Company 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:
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What is the mission statement of Tri-Cities Terrace I C/O Goodale & Barbieri Company?
The Tri-Cities Terrace I, under the management of Goodale & Barbieri Company, is dedicated to providing an affordable housing solution for low-income elderly residents. This mission is carried out through the operation of a 60-unit housing development, designed with the physical, social, and psychological needs of the elderly in mind. The aim is to promote health, security, and happiness, enabling these individuals to live within a community and continue leading fulfilling lives. The organization's activities strive to support the elderly residents, helping them maintain independence and well-being.
Who is the CEO of Tri-Cities Terrace I C/O Goodale & Barbieri Company?
W Richard Barchet is the Director of Tri-Cities Terrace I C/O Goodale & Barbieri Company.
What is the revenue of Tri-Cities Terrace I C/O Goodale & Barbieri Company?
Tri-Cities Terrace I C/O Goodale & Barbieri Company's revenue in 2023 was $940,705.
Who are the executives of Tri-Cities Terrace I C/O Goodale & Barbieri Company and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Tri-Cities Terrace I C/O Goodale & Barbieri Company?
Tri-Cities Terrace I C/O Goodale & Barbieri Company's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tri-Cities Terrace I C/O Goodale & Barbieri Company
Tri-Cities Terrace I, under the management of Goodale & Barbieri Company, is committed to providing affordable housing for low-income elderly residents. This mission is not just about offering a place to live, but it's designed to cater to the physical, social, and psychological needs of its residents. The housing development, with its 60 units, is meticulously designed to promote health, security, and happiness. By providing such an environment, Tri-Cities Terrace I enables its elderly residents to live within a community and continue leading fulfilling lives.
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Impact
July, 2024
Tri-Cities Terrace I, operated by Goodale & Barbieri Company, has a significant impact on the community by providing affordable housing to low-income elderly residents in Spokane, Washington. This housing development consisting of 60 units has been specifically designed to meet the physical, social, and psychological needs of elderly individuals, promoting their health, security, and happiness. By offering a supportive community environment, Tri-Cities Terrace I enables elderly residents to continue leading fulfilling lives despite financial constraints. This initiative plays a crucial role in addressing the housing needs of a vulnerable population and contributes to the overall well-being and quality of life of low-income elderly residents in the area.
This information is meant to be a general summary of Tri-Cities Terrace I C/O Goodale & Barbieri Company. 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: $939
- Program Service Revenue: $887,278
- Gross Receipts: $940,705
Assets and Liabilities:
- Total Assets: $3,148,489
- Total Liabilities: $4,411,416
- Net Assets: -$1,262,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PROCEEDS
Revenue
$665,239
RENTAL REVENUE
Revenue
$220,187
LAUNDRY, TENANT CHARGE
Revenue
$1,852
Organization Details
Founding Year
2001
Phone
(509) 459-6100Principal Officer
W Richard Barchet
Main Address
818 W RIVERSIDE SUITE 300, SPOKANE, WA, 99201
NTEE Category
Code: L22 - Housing
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