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The Glendower Group Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061637790 ✦ New haven, CT ✦ Designated as a 501(c)(3)

Overview

What is The Glendower Group Inc?

The Glendower Group Inc is a charitable organization situated in New Haven, Connecticut, with a primary focus on neighborhood economic development. They operate with the objective of supporting redevelopment initiatives of the Housing Authority of the City of New Haven, particularly benefiting low-income residents. The organization goes beyond just working with the authority, engaging in development activities independently and collaboratively with various entities. Their primary mission is to develop decent and affordable housing for low and moderate-income families, involving activities such as acquisition, financing, and investment in affordable projects. With around 50 employees, The Glendower Group Inc is committed to enhancing the living conditions of underprivileged families in the community.


Is The Glendower Group Inc legitimate?

The Glendower Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Glendower Group 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,058,847

For more financial information, click here


What is the mission statement of The Glendower Group Inc?
Who is the CEO of The Glendower Group Inc?
What is the revenue of The Glendower Group Inc?
Who are the executives of The Glendower Group Inc and what are their salaries?
Where can I find the form 990 for The Glendower Group Inc?

Mission Statement of The Glendower Group Inc

The Glendower Group Inc, a charitable organization, is dedicated to promoting and advancing neighborhood economic development. Its primary objective is to support the redevelopment activities of the Housing Authority of the City of New Haven for the benefit of low-income residents. This support extends beyond the Housing Authority, allowing The Glendower Group Inc to engage in development activities independently and in collaboration with other entities.

Beyond redevelopment activities, The Glendower Group Inc's mission also involves the development of decent and affordable housing for low and moderate-income families. This includes acquisition, finance, and other dealings in affordable projects. By doing so, the organization aims to contribute positively to its community, providing housing solutions for those who may not otherwise have access to such resources.

Impact

This information is meant to be a general summary of The Glendower Group Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

The Glendower Group Inc's impact lies in its dedicated efforts towards promoting and advancing neighborhood economic development. Specifically, the organization focuses on supporting redevelopment activities of the Housing Authority of the City of New Haven for the benefit of low-income residents. Additionally, they are involved in developing decent and affordable housing for low and moderate-income families. By engaging in these activities, The Glendower Group Inc contributes to creating opportunities for affordable housing and improving the quality of life for individuals and families in New Haven, CT.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $58,156
  • Program Service Revenue: $3,146,312
  • Gross Receipts: $3,766,863

    • Assets and Liabilities:
  • Total Assets: $25,040,145
  • Total Liabilities: $7,340,293
  • Net Assets: $17,699,852
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPER FEES

    Revenue

    $3,084,324

    RENTAL REVENUE

    Revenue

    $61,988

    Organization Details

    Founding Year

    2001

    Principal Officer

    Karen Dubois-Walton

    Main Address

    360 ORANGE STREET, NEW HAVEN, CT, 06511

    NTEE Category

    Code: L20 - Housing

    If you are a representative of The Glendower Group Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.