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Gorman Towers Inc

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

EIN: 710508225 ✦ Fort smith, AR ✦ Designated as a 501(c)(3)

Overview

What is Gorman Towers Inc?

Gorman Towers Inc, situated in Fort Smith, Arkansas, is a dedicated nonprofit organization that provides housing solutions for the elderly and individuals with disabilities. Their primary mission is to offer affordable and compassionate living spaces, serving as a home where these individuals can maintain their independence and dignity. The organization is committed to ensuring that their residents lead fulfilling lives, fostering a supportive community atmosphere.


Is Gorman Towers Inc legitimate?

Gorman Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gorman Towers 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: $497,599

For more financial information, click here


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

Mission Statement of Gorman Towers Inc

Gorman Towers Inc, a non-profit organization, is dedicated to providing housing for the elderly and handicapped. Their mission is to create a living environment that caters to the unique needs of this demographic, offering them a safe and supportive community. By focusing on non-profit housing, Gorman Towers ensures that affordable options are available, making it easier for senior citizens and individuals with disabilities to maintain their independence and dignity. The organization's commitment to this cause is evident in their mission statement, which prioritizes the well-being and comfort of their residents, providing them with a place to call home.

Impact

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




Saturday, July 20, 2024

Gorman Towers Inc's impact is focused on providing non-profit housing for the elderly and handicapped in Fort Smith, Arkansas. Their mission is to offer retirement home or senior housing services to those in need in the community. This initiative plays a crucial role in addressing housing challenges faced by vulnerable populations, ensuring they have a safe and supportive environment to live in during their later years. By offering affordable and accessible housing options, Gorman Towers Inc contributes significantly to enhancing the quality of life for elderly and handicapped individuals in the area.





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: $50
  • Program Service Revenue: $2,069,459
  • Gross Receipts: $2,069,509

    • Assets and Liabilities:
  • Total Assets: $3,620,907
  • Total Liabilities: $4,192,858
  • Net Assets: -$571,951
  • Programs

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

    HOUSING ASSISTANCE PAYMENTS

    Revenue

    $1,456,522

    RENT REVENUE

    Revenue

    $621,110

    LAUNDRY AND VENDING REVENUE

    Revenue

    $11,890

    FORFEITED SECURITY DEPOSITS

    Revenue

    $3,345

    INCOME - BEAUTY SHOP

    Revenue

    $1,375

    Organization Details

    Founding Year

    1980

    Principal Officer

    Dr William Hutchinson

    Main Address

    PO BOX 1526, FORT SMITH, AR, 72902

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of Gorman Towers 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.