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Garnett Senior Housing Foundation Inc

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

EIN: 581395913 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

Overview

What is Garnett Senior Housing Foundation Inc?

Garnett Senior Housing Foundation Inc, based in Atlanta, Georgia, is a nonprofit organization dedicated to providing housing for low-income elderly individuals. In line with the guidelines set by the Department of Housing and Urban Development, they manage an apartment complex, offering a comfortable living space for this specific demographic. The organization's mission, as per the National Housing Act, is to own and operate a rental property under Section 202, aiming to enhance the quality of life for the elderly community in need.


Is Garnett Senior Housing Foundation Inc legitimate?

Garnett Senior Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garnett Senior Housing Foundation 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: $95,429

For more financial information, click here


What is the mission statement of Garnett Senior Housing Foundation Inc?
Who is the CEO of Garnett Senior Housing Foundation Inc?
What is the revenue of Garnett Senior Housing Foundation Inc?
Who are the executives of Garnett Senior Housing Foundation Inc and what are their salaries?
Where can I find the form 990 for Garnett Senior Housing Foundation Inc?

Mission Statement of Garnett Senior Housing Foundation Inc

Garnett Senior Housing Foundation Inc is committed to a significant mission. This organization aims to own and operate a rental housing property, specifically catering to low-income elderly individuals. This undertaking is in alignment with Section 202 of the National Housing Act. The foundation's objective is to provide a suitable living space for this demographic, ensuring their needs are met with the necessary care and consideration. The day-to-day operations and maintenance of the apartment complex are carried out in accordance with the regulations set by the Department of Housing and Urban Development. This dedication to providing housing for the elderly, who may be facing financial challenges, is a testament to Garnett Senior Housing Foundation Inc's mission to contribute positively to this vulnerable population.

Impact

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




Wednesday, July 24, 2024

Garnett Senior Housing Foundation Inc's impact is centered around providing affordable housing solutions for low-income elderly individuals. Through the operation and maintenance of an apartment complex in Atlanta, GA, the organization ensures that elderly residents have a safe and secure living environment that meets the requirements set forth by the Department of Housing and Urban Development. By offering rental housing under Section 202 of the National Housing Act, Garnett Senior Housing Foundation Inc plays a crucial role in supporting the well-being and quality of life of this vulnerable population.





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: $1,795
  • Program Service Revenue: $500,573
  • Gross Receipts: $503,892

    • Assets and Liabilities:
  • Total Assets: $653,696
  • Total Liabilities: $532,200
  • Net Assets: $121,496
  • Programs

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

    HUD SUBSIDY RENTAL INC

    Revenue

    $347,006

    RENTAL AND OTHER INCOM

    Revenue

    $153,567

    Organization Details

    Founding Year

    1980

    Principal Officer

    Gerald Eickhoff

    Main Address

    PO BOX 450049, ATLANTA, GA, 31145

    NTEE Category

    Code: L22Z - Housing

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