Glencroft Towers 1 Inc is a 501(c)(3) organization based in Glendale, Arizona, registered in 2008, with $3,987,766 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$4.0M
▼ 9.3% vs prior year
Housing median: $408K
Expenses (FY2024)
$4.2M
Net assets
-$975K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Glencroft Towers 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Glencroft Towers 1 Inc: 0 mo reserves · -6% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Glencroft Towers 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Glencroft Towers 1 Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $2.9M (FY2013) to $4.0M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-5.8%
Spent more than it raised in the latest fiscal year.
Total assets
$4.4M
Total liabilities
$5.4M
Net assets
-$975K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,987,766▼9.3% | $4,218,980▼7.9% | -$974,568▼29.5% | $4,440,428▼7.6% | 990 |
| 2023 | $4,394,736▲24.1% | $4,580,989▲26.3% | -$752,722▼31.5% | $4,803,199▼5.4% | 990 |
| 2022 | $3,541,684▲19.0% | $3,625,879▲8.6% | -$572,401▼12.0% | $5,079,631▼1.4% | 990 |
| 2021 | $2,977,278▲15.2% | $3,337,346▲3.7% | -$511,124▼253% | $5,153,034▼2.2% | 990 |
| 2020 | $2,583,359▲1.7% | $3,219,175▲0.9% | -$144,726▼130% | $5,269,133▼2.8% | 990 |
| 2019 | $2,539,475▼1.6% | $3,188,996▲4.0% | $485,977▼57.2% | $5,418,449▼8.2% | 990 |
| 2018 | $2,580,844▲0.7% | $3,067,610▲2.0% | $1,135,498▼30.0% | $5,901,866▲8.9% | 990 |
| 2017 | $2,562,914▲4.9% | $3,007,396▲9.3% | $1,622,264▼40.2% | $5,418,048▼15.8% | 990 |
| 2016 | $2,443,476▼31.1% | $2,750,350▼24.5% | $2,712,044▼10.2% | $6,432,044▲0.6% | 990 |
| 2015 | $3,547,626▲12.2% | $3,644,253▲12.6% | $3,018,918▼3.1% | $6,390,990▼2.5% | 990 |
| 2014 | $3,162,331▲9.4% | $3,235,480▼1.7% | $3,115,545▼2.3% | $6,556,173▼2.8% | 990 |
| 2013 | $2,890,184 | $3,291,992▲11.7% | $3,188,694▼11.2% | $6,745,474▼5.7% | 990 |
| 2012 | — | $2,947,012▲2.9% | $3,590,502▼1.3% | $7,150,848▼0.6% | 990 |
| 2011 | — | $2,863,916▲3.7% | $3,637,998▲24.2% | $7,193,152▲10.3% | 990 |
| 2010 | — | $2,762,243 | $2,930,193 | $6,524,347 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Explore more
Data for Glencroft Towers 1 Inc (EIN 86-0861606) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.