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Corinthian Gardens Inc

EIN 42-1253242 · Wdm, IA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceFair69 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE OBJECTIVE AND INDEPENDENT LEADERSHIP IN HELPING TO MEET THE PHYSICAL, SOCIAL AND EMOTIONAL NEEDS OF LOW-INCOME ELDERLY OR DISABLED PERSONS THROUGH THE DEVELOPMENT OF SERVICE FACILITIES AND PROGRAMS APPROPRIATE TO THEIR USAGE; TO WORK WITH PUBLIC AND PRIVATE NATIONAL, STATE, AND LOCAL AGENCIES, ORGANIZATIONS AND INSTITUTIONS IN EXTENDING SUCH SERVICES TO SUCH PERSONS; TO PROVIDE LOW-INCOME AFFORDABLE HOUSING FOR THE AFORESAID PERSONS WHO DO NOT POSSESS THE MEANS TO FURNISH ADEQUATE HOUSING FOR THEMSELVES; TO COMPLETE AND DO ANY AND ALL ACTS SUITABLE, PROPER AND CONDUCIVE TO THE SUCCESSFUL CONDUCT OF AN AFFORDABLE HOUSING PROGRAM; AND TO DEVELOP, COORDINATE AND ADMINISTER PROGRAMS FOR LOW-INCOME ELDERLY AND/OR DISABLED PERSONS IN IOWA, SO LONG AS SAID PROGRAMS DEAL WITH REHABILITATION, THERAPY, HEALTH, AND WELFARE IN ORDER TO ASSIST THEM IN ADJUSTING TO THEMSELVES AND THEIR ENVIRONMENT.

Income
$45,506
Spending
$6,675
Spent on programs
38%
Reserves
Over 10 years of spending
Largest source of income
fees for its services, 100%
Employees
0
Volunteers
12

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 69 out of 100. Higher than 40% of charities in its peer group (housing, under $250k).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $2,500 spent. THE ORGANIZATION IS A SUPPORTING ORGANIZATION TO THE CORINTHIAN BAPTIST CHURCH WHOSE MISSION IS TO PROVIDE AFFORDABLE QUALITY HOUSING FOR SENIOR CITIZENS OF MODEST MEANS. DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2016, THE ORGANIZATION SOLD THE LAND, BUILDING AND OTHER PROPERTY IT OWNED TO CORINTHIAN GARDENS ASSOCIATES, L.P, WHICH IN TURN SUBSTANTIALLY REHABILITATED THE PROPERTY PURSUANT TO THE AFFORDABLE HOUSING PROGRAM UNDER IRC SECTION 42. CORINTHIAN GARDENS, INC. REMAINS THE SOLE MEMBER OF CORINTHIAN GARDENS GP, LLC (THE GENERAL PARTNER OF CORINTHIAN GARDENS ASSOCIATES, L.P.).

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1985.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.